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Flexible Packaging Market to Surge with 4.5% CAGR, Global Revenue to USD 424.16 billion by 2034

12-10-2024 12:16 PM CET | Chemicals & Materials

Press release from: Polaris Market Research & Consulting

Flexible Packaging Market to Surge with 4.5% CAGR, Global

๐…๐ฅ๐ž๐ฑ๐ข๐›๐ฅ๐ž ๐๐š๐œ๐ค๐š๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The flexible packaging market size was valued at USD 272.87 billion in 2024. It is projected to grow to USD 424.16 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2025 to 2034.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:

Flexible packaging refers to packaging created from pliable materials that can be easily formed or adapted. This packaging option comprises bags, pouches, films, envelopes, and wraps. It is recognized for its adaptability, affordability, and effectiveness in safeguarding items while minimizing material usage and waste. It merges the finest attributes of plastic, film, paper, and aluminum foil to provide a wide array of protective features while reducing the package's weight. This packaging type is widely employed in numerous sectors, including food and beverages, cosmetics, consumer products, and pharmaceuticals.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/flexible-packaging-market/request-for-sample

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

โ— In the twenty-first century, packaging has grown increasingly efficient, eco-friendly, and economical. Due to hectic lifestyles, today's consumers are more frequently choosing pre-packaged meals offered in adaptable and convenient packaging.
โ— Flexible packaging is in harmony with the concepts of a circular economy. Compared to standard packaging, it uses resources more efficiently and produces fewer greenhouse gas emissions. It likewise provides numerous advantages, such as resilience, versatility, and efficient use of space.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:
In this extremely competitive market, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Here is the list of the leading companies operating in the flexible packaging market:

โ€ข Amcor Limited
โ€ข Mondi Group
โ€ข Berry Plastics Corporation
โ€ข Sonoco Products Company
โ€ข American Packaging Corporation
โ€ข Novolex Holding Inc.
โ€ข Bemis Company Inc
โ€ข Constantia Flexibles International GmbH
โ€ข Ampac Holding
โ€ข Sigma Plastics Group

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž:
https://www.polarismarketresearch.com/industry-analysis/flexible-packaging-market/inquire-before-buying

๐†๐ž๐จ๐ ๐ซ๐š๐ฉ๐ก๐ข๐œ๐š๐ฅ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

๐…๐ฅ๐ž๐ฑ๐ข๐›๐ฅ๐ž ๐๐š๐œ๐ค๐š๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข Based on type, the pouches segment accounted for the largest revenue share of the flexible packaging market. Pouches are easy to use and available in a diverse range of sizes and formats. Also, they are heat-sealable and usually considered a cost-effective alternative to glass and metal containers.
โ€ข By end use analysis, the food and beverage segment dominated the market in 2024 owing to the convenience of ready-to-eat foods and growing purchasing power of individuals.
โ€ข Asia Pacific dominated the flexible packaging market share in 2024. The growing purchasing power enabled consumers to buy products from a sizable number of retail facilities.
โ€ข North America is anticipated to witness the highest CAGR from 2025 to 2034. The presence of several leading players and the introduction of favorable government initiatives drive the market growth in the region.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐“๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž:
https://www.polarismarketresearch.com/industry-analysis/flexible-packaging-market

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The flexible packaging market is mainly segmented based on type, material, end use, and region. Based on type analysis, in 2024, the pouches segment held the largest revenue share. Pouches are small, disposable bags typically made from plastic films, aluminum-coated films, or vapor-coated films.

Moreover, according to end-use analysis, in 2024, the food and beverage segment led the global market due to the ease of access to convenience foods and consumers' growing buying power.

Flexible Packaging Market, Type Outlook (Revenue - USD Billion, 2020-2034)
โ€ข Bags
โ€ข Pouches
โ€ข Wraps
โ€ข Others

Flexible Packaging Market, Material Outlook (Revenue - USD Billion, 2020-2034)
โ€ข Paper
โ€ข Plastic
โ€ข Flexible Foam
โ€ข Aluminum Foil
โ€ข Bioplastics
โ€ข Others

Flexible Packaging Market, End-use Outlook (Revenue - USD Billion, 2020-2034)
โ€ข Food and Beverage
โ€ข Healthcare
โ€ข Retail
โ€ข Consumer Goods
โ€ข Others

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Fatty Acid Market: https://www.polarismarketresearch.com/industry-analysis/fatty-acid-market

Ethylene Market: https://www.polarismarketresearch.com/industry-analysis/ethylene-market

Polysilicon Market: https://www.polarismarketresearch.com/industry-analysis/polysilicon-market

Fluoropolymers Market: https://www.polarismarketresearch.com/industry-analysis/fluoropolymers-market

Complex Fertilizers Market: https://www.polarismarketresearch.com/industry-analysis/complex-fertilizers-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐ˆ๐ง๐œ:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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