Flexible Paper Packaging Market to See Significant Expansion by 2031 Driven by Consumer Preferences for Lightweight and Recyclable Materials

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Flexible Paper Packaging Market Size, Share & Trends Analysis Report By Packaging Type (Pouches, Roll-Stocks, Shrink Sleeves, Wraps), Printing Technology (Flexography, Rotogravure, Digital Printing), Embellishing Type (Hot Foil, Cold Foil), And Application (Food, Beverages, Wines & Spirits, Healthcare, Beauty & Personal Care)- Market Outlook And Industry Analysis 2031"

The global flexible paper packaging market is estimated to reach over USD 88.21 billion by 2031, exhibiting a CAGR of 3.71% during the forecast period.

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Flexible packaging refers to packaging solutions made from non-rigid materials that offer cost-effective and customizable options. Unlike rigid packaging, flexible packaging does not maintain a fixed structure but instead conforms to the shape of the items it contains. Available in various materials, shapes, and sizes, flexible packaging can be produced in either formed or unformed configurations. Unformed products are typically delivered on rolls and sent to co-packers for shaping and filling, while formed products are pre-shaped and can be filled and sealed internally.

The adaptability of flexible packaging materials allows for the creation of unique and tailored designs. In addition, the convenient, lightweight, and re-sealable features, combined with the lower environmental impact compared to rigid packaging alternatives, are expected to drive the demand for flexible paper packaging, thereby fostering market growth.

List of Prominent Players in the Flexible Paper Packaging Market:
• Amcor limited
• Mondi Group
• Sonico products company
• Sealed air corporation
• Huhtamaki OYJ
• Sappi Global
• DS Smith
• Coveris Holdings SA
• Sabert
• Wihuri
• Visy Proprietary Limited
• Tupperware Brands
• Silgan
• Reynolds Packaging
• Jujo Thermal
• Linpac Packaging
• Dart Container Corporation
• D&W Fine Pack
• Genpak

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Market Dynamics:
Drivers:
The global flexible paper packaging market is experiencing revenue growth primarily due to the increased focus on reducing production time and energy consumption. Flexible packaging materials require less base material than rigid alternatives and are easier to form. Additionally, these materials are designed to be reusable and recyclable, contributing to sustainability efforts. Flexible packaging also offers opportunities for innovative and distinct packaging shapes, enhancing visual appeal and providing substantial marketing value. Furthermore, flexible packaging provides effective protection for products, shielding them from moisture, UV radiation, mildew, dust, and other environmental contaminants that can degrade quality and reduce shelf life.

Challenges:
The growth of the global flexible paper packaging market is hindered by several limitations, including poor resistance to high temperatures. Furthermore, the visibility of flexible packaging has attracted criticism, which may restrict its adoption. A significant concern is that flexible paper packaging often ends up in landfills, where its degradation process is slow, occupying more space than plastic of the same weight. Additionally, paper-based flexible packaging is frequently laminated with materials such as resin coatings, plastic, or metal, making it non-recyclable. The use of multi-layer packaging with combinations such as paper-plastic-metal further complicates recycling processes and impedes market growth.

Regional Trends:
The North American flexible paper packaging market is anticipated to capture a substantial market share in terms of revenue and is projected to grow at a high compound annual growth rate (CAGR) in the near future. This growth is driven by increasing disposable incomes, shifting consumer lifestyles, and rising demand for convenience foods, such as dairy products, grains, fruits and vegetables, bakery goods, and ready-to-eat items. Additionally, the growing popularity of these products in developing and underdeveloped regions is contributing to market expansion. The Asia-Pacific region is also expected to experience rapid growth, with China leading the market due to factors such as low labor costs, increasing disposable incomes, easy access to raw materials, and enhanced production capabilities for flexible paper packaging.

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Recent Developments:
• In January 2022, Amcor launched a new paper-based packaging platform. AmFiber products provide customers with superior performance and differentiation across a wide range of applications. AmFiber technologies strive to reinvent the capabilities of traditional paper packaging by delivering a broader range of features and functional benefits to match consumers' changing needs.

Segmentation of Flexible Paper Packaging Market-
By Packaging Type-
• Pouches
• Roll-stocks
• Shrink sleeves
• Wraps
• Others
By Printing Technology-
• Flexography
• Rotogravure
• Digital Printing
• Others
By Embellishing Type-
• Hot Foil
• Cold Foil
• Others
By Application-
• Food
• Other Beverages
• Wines & spirits
• Healthcare
• Beauty & personal care
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.