Press release
Flexible Paper Packaging Global Market Anticipated to Attain $82.83 Billion By 2028, at 5.5% CAGR | Amcor Limited, Mondi PLC, Huhtamaki Oyj, Sappi Limited, DS Smith PLC
Flexible Paper Packaging Market
As per the report, the flexible paper packaging market size has grown strongly in recent years. It will grow from $63.28 billion in 2023 to $66.91 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The flexible paper packaging market size is expected to see strong growth in the next few years. It will grow to $82.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
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Rise In Demand For Processed Food Drives The Flexible Paper Packaging Market
The increase in demand for processed food is expected to propel the growth of the flexible paper packaging market going forward. Processed food refers to a food product that has undergone a number of mechanical or chemical processes in order to alter or preserve it. Processed foods frequently come in boxes or bags and have multiple ingredients listed. To preserve processed food products that are in high demand, flexible paper packaging is used to enclose them and protect them from tampering or contamination from physical, chemical, and biological sources. For instance, according to an article shared by Nutra Ingredients-Asia, a UK-based online news service, in 2022, a government poll in South Korea of 2193 Koreans found that sales of processed foods have increased significantly in the last year, both in terms of volume and frequency of purchases. With 23.7% of all families purchasing processed food two to three times per week compared to 20.6% in 2020, which is a 3.1% rise, it was discovered that many homes have changed to purchasing it more frequently than they did in 2020. Therefore, an increase in demand for processed food is driving the growth of the flexible paper packaging market.
Products Innovations In The Flexible Paper Packaging Market
Product innovations are a key trend gaining popularity in the flexible paper packaging market. Major companies operating in the flexible paper packaging market are focused on launching new products with innovative technologies to sustain their position in the market. For instance, in April 2022, Xeikon, a Belgium-based designer and developer of web-fed digital color presses for labels and packaging applications, and document printing, launched a new toner formulation called TITON technology that offers all the advantages of UV inks without any of the drawbacks. To fully support brand owners, designers, and printers who want to extend their use of paper-based packaging for food goods, Xeikon is giving a sustainable solution for an unknown and greater variety of applications with the new TITON technology. The foundation of TITON is the Xeikon dry toner technology, which is the most food-safe technology available today despite simply having paper as the primary functional barrier because it doesn't contain any liquid (mobile) components. Without any protective coatings like varnishing or lamination, TITON toner also impresses with its remarkable resistance to scuffing and scratches, water, sunshine, temperature, and a wide range of liquid chemicals.
The flexible paper packaging market covered in this report is segmented -
1) By Packaging Type: Pouches, Rollstock, Shrink Sleeves, Wraps, Other Packaging Types
2) By Printing Technology: Rotogravure, Flexography, Digital Printing, Other Printing Technologies
3) By Application: Food, Spirits, Other Beverages, Healthcare, Beauty and Personal Care, Other Applications
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Major companies operating in the flexible paper packaging market report are Amcor Limited, Mondi plc, Sonoco Products Company, Sealed Air Corporation, Huhtamaki Oyj, Sappi Limited, DS Smith plc, Coveris Holding SA, Sabert Corporation, Wihuri International Oyj, International Paper Company, Nippon Paper Industries Co. Ltd., WestRock Company, Georgia-Pacific LLC, KapStone Paper and Packaging Corp., Ahlstrom-Munksjö Oyj, Aluflexpack AG, Ardagh Group S.A, Ball Corporation, Berry Global Inc., Constantia Flexibles Group GmbH, Crown Holdings Inc., Graphic Packaging International Corporation, Silgan Holdings Inc., Smurfit Kappa Group Plc, Stora Enso Oyj, Transcontinental Inc., Accredo Packaging Inc., American Packaging Corporation, Ampac Holdings LLC, Bemis Company Inc., Bischof + Klein SE & Co. KG, Flex Films Inc., Flexopack SA, Glenroy Inc., Innovia Films Ltd., Interflex Group Inc., Jindal Films Americas LLC, Kloeckner Pentaplast India Pvt. Ltd., LPS Industries LLC
Contents of the report:
1. Executive Summary
2. Flexible Paper Packaging Market Report Structure
3. Flexible Paper Packaging Market Trends And Strategies
4. Flexible Paper Packaging Market - Macro Economic Scenario
5. Flexible Paper Packaging Market Size And Growth
…..
27. Flexible Paper Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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