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Increasing Demand for Processed Foods Boosts the Flexible Paper Packaging Market: A Comprehensive Market Analysis, Forecast and Key Trends (2024-2029)
Flexible Paper Packaging Market Insights
What Is The Projected Market Size Of The Global Flexible Paper Packaging Market And Its Growth Rate?
• The flexible paper packaging market has witnessed considerable growth recently.
• The market size is projected to grow from $66.48 billion in 2024 to $70.3 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%.
• The anticipated growth can be attributed to consumer preference for convenience, regulatory shifts toward eco-friendly solutions, and urbanization.
• The market size is further expected to grow significantly in the coming years, reaching $88.75 billion in 2029 at a CAGR of 6.0%. The growth factors include innovations in material science, e-commerce expansion, reduced packaging waste, and resilience requirements in supply chain.
What Is Driving The Growth In The Flexible Paper Packaging Market?
The surge in demand for processed food is expected to drive the flexible paper packaging market. Processed food refers to any food product that has undergone numerous mechanical or chemical processes to alter or preserve it. These food products frequently come packaged in boxes or bags and have multiple ingredients. In order to preserve these in-demand processed food products, flexible paper packaging is used to enclose them and protect them from tampering or contamination. For instance, as per data shared by the National Association of Convenience Stores Company in 2024, total US convenience industry sales reached $859.8 billion in 2023, indicating strong demand for processed food and resultant growth for the flexible paper packaging market.
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Who Are the Key Players Driving Flexible Paper Packaging Market Growth?
The major companies operating in the flexible paper packaging market include:
• Amcor Limited
• Mondi PLC
• Sonoco Products Company
• Huhtamaki Oyj
• Sappi Limited
• DS Smith PLC
• Coveris Holding SA
• Sabert Corporation
• Wihuri International Oyj
• Nippon Paper Industries Co. Ltd.
What Are The Key Trends In The Flexible Paper Packaging Market?
Key trends in the flexible paper packaging market include:
• Circular economy initiatives
• Innovations in barrier coatings
• Focus on convenience and portability
• Reduced packaging waste
• Evolving design trends
• Technological advancements in printing
• Collaborations and partnerships
What Are The Segments Of The Global Flexible Paper Packaging Market?
The flexible paper packaging market covered in this report is segmented by:
• Packaging Type: Pouches, Rollstock, Shrink Sleeves, Wraps, Other Packaging Types
• Printing Technology: Rotogravure, Flexography, Digital Printing, Other Printing Technologies
• Application: Food, Spirits, Other Beverages, Healthcare, Beauty And Personal Care, Other Applications
Which Region Leads The Flexible Paper Packaging Market?
North America was the largest region in the flexible paper packaging market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period, covering countries across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Flexible Paper Packaging Market Global Market Report?
- Market Size Analysis: Analyze the Flexible Paper Packaging Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Flexible Paper Packaging Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Flexible Paper Packaging Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Flexible Paper Packaging Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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