Press release
Flexible Plastic Packaging Market Size Forecasted To Achieve $238.1 Billion By 2029 With Steady Growth
Flexible Plastic Packaging Market Share
What Is the Flexible Plastic Packaging Market Size and Projected Growth Rate?
There has been robust growth in the flexible plastic packaging market size in recent years. There is an expected increase from $173.29 billion in 2024 to a whopping $182.07 billion in 2025, signifying a compound annual growth rate (CAGR) of 5.1%. Factors that contributed to this growth during the historic period include customer convenience, issues related to sustainability, expansion in the food and beverage industry, shelf appeal, branding, as well as transportation and logistics.
In the next few years, the flexible plastic packaging market is projected to experience robust growth, with its size reaching $238.1 billion in 2029, reflecting a compound annual growth rate (CAGR) of 6.9%. Factors such as the rise of e-commerce and home delivery, convenient features, customization and personalization, reduction in food wastage and the emergence of new markets are expected to fuel this growth in the forecast period. Some significant trends anticipated during this period include a heightened focus on health and hygiene, the use of advanced barrier materials, alternatives to single-use plastics, advancements in digital printing and labeling, and technological innovation.
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What Are the Major Segments in the Flexible Plastic Packaging Market?
The flexible plastic packaging market covered in this report is segmented -
1) By Type: Stand-Up Pouches, Flat Pouches, Rollstock, Gusseted Bags, Wicketed Bags, Wraps, Other Types
2) By Technology: Flexography, Rotogravure, Digital Printing, Other Technologies
3) By Application: Food, Beverage, Pharma And Health Care, Personal Care And Cosmetics, Other Applications
Subsegments:
1) By Stand-Up Pouches: Zippered Stand-Up Pouches, Spout Stand-Up Pouches
2) By Flat Pouches: Heat-Sealed Flat Pouches, Ziplock Flat Pouches
3) By Rollstock: Printed Rollstock, Non-Printed Rollstock
4) By Gusseted Bags: Bottom Gusseted Bags, Side Gusseted Bags
5) By Wicketed Bags: Wicketed Polyethylene Bags, Wicketed Paper Bags
6) By Wraps: Stretch Wraps, Shrink Wraps
7) By Other Types: Vacuum Bags, Bubble Mailers
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What Are The Driving Flexible Plastic Packaging Market Evolution?
The escalation seen in the pharmaceutical industry is predicted to contribute to the expansion of the flexible plastic packaging market in the future. Essentially, the pharmaceutical industry is invested in the research, production, distribution, and development of drugs and medications used to prevent, diagnose, treat, and eradicate diseases. The surge in demand in pharmaceutical sectors is credited to various factors like a growing elderly population, increasing occurrence of chronic diseases, advancements in medical technology, improved access to healthcare, and increased health and wellness awareness. As for flexible plastic packaging, it's extensively used in the pharmaceutical industry for packaging products like blister packs, pouches, and sterile bags, providing protection, an extended shelf life, and easy usage. For instance, the Government of Canada reported in August 2024 that domestic drug exports increased to 12.79 in 2022, while imports escalated to 30.21 the same year. Thus, this upturn in the pharmaceutical industry is fostering the growth of the disintegration tester market.
Which Firms Dominate The Flexible Plastic Packaging Market Segments?
Major companies operating in the flexible plastic packaging market include Constantia Flexibles International GmbH, Amcor Ltd., Berry Global Inc., Clondalkin Group Holdings BV, ProAmpac Holdings Inc., Coveris Flexibles UK Ltd., Bemis Company Inc., Bischof + Klein SE & Co KG, Aluflexpack AG, Cosmo Films Ltd., C-P Flexible Packaging, Novolex Holdings LLC, Swisspac USA, Ultimate Packaging Pty Ltd., Mondi Group plc, Sonoco Products Company, Sealed Air Corporation, TC Transcontinental Inc., Huhtamaki Oyj, WestRock Company, DS Smith plc, Silgan Holdings Inc., Uflex Ltd., Winpak Ltd., Glenroy Inc., Printpack Inc., Schur Flexibles Group, Huhtamaki PPL Ltd., Novolex Holdings Inc., InterFlex Group Europe Ltd., American Packaging Corporation
What Trends Are Expected to Dominate the Flexible Plastic Packaging Market in the Next 5 Years?
Companies in the flexible plastic packaging industry are primarily focused on implementing novel packaging designs as a stratagem to captivate more clients and expand their consumer network. This is a noteworthy trend in the sector. Their primary target is to come up with sustainable and creative packing options for the end-users. For instance, Amcor, a renowned packaging solution provider based in England, introduced packaging material for the company's Eco Protect diapers in April 2024. These packages, which contain 30% recycled materials and post-consumer recycled content, offer a more environmentally friendly packaging solution for hypoallergenic diapers, which are produced from certified plant-based fibers.
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Which Is The Largest Region In The Flexible Plastic Packaging Market?
Asia-Pacific was the largest region in the flexible plastic packaging market in 2024. The regions covered in the flexible plastic packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Flexible Plastic Packaging Market?
2. What is the CAGR expected in the Flexible Plastic Packaging Market?
3. What Are the Key Innovations Transforming the Flexible Plastic Packaging Industry?
4. Which Region Is Leading the Flexible Plastic Packaging Market?
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