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Growth Of Online Food Outlets Driving Demand For The Market Due To Convenience And Food Safety Needs: Key Factor Driving The Growth In The Flexible Packaging Market
The Flexible Packaging Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Flexible Packaging Market Size During the Forecast Period?
The size of the flexible packaging market has seen significant growth recently. Its size is expected to expand from $287.27 billion in 2024 to $311.15 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. Factors contributing to the growth during the historic period include heightened concerns over food security, surge in e-commerce, escalation in disposable income, increase in consumption of ready-to-eat meals, and a growing trend for online shopping.
The size of the flexible packaging market is projected to experience significant expansion in the coming years, surging to $423.04 billion by the year 2029 at a compound annual growth rate of 8.0%. This anticipated growth during the forecast period is primarily due to several factors including the heightened requirement for improved convenience, the crucial need to ensure environmental sustainability, increased purchasing power, intensified focus on sustainability, and the upward trend of online food outlets. Key trends expected to emerge during this forecast period encompasses 3D automated packaging innovations, environment-friendly materials, strategic partnerships, novel packaging solutions, and intelligent packaging solutions.
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What Are the High-Growth Segments in the Flexible Packaging Market?
The flexible packaging market covered in this report is segmented -
1) By Product: Bags, Pouches, Rollstock, Films And Wraps, Other Products
2) By Material: Plastics, Paper, Metal, Bioplastics
3) By Printing Technology: Flexography, Digital Printing, Other Printing Technologies
4) By Application: Food, Beverages, Pharmaceutical And Healthcare, Personal Care And Cosmetics, Other Applications
Subsegments:
1) By Bags: Stand-Up Bags, Flat Bags, Gusseted Bags, Retort Bags, Vacuum Bags
2) By Pouches: Stand-Up Pouches, Flat Pouches, Spouted Pouches, Zipper Pouches, Retort Pouches
3) By Rollstock: Printed Rollstock, Unprinted Rollstock, Laminated Rollstock, High-Barrier Rollstock
4) By Films and Wraps: Shrink Films, Stretch Films, Barrier Films, Biodegradable Films, Heat-Sealable Wraps
5) By Other Products: Sachets, Lidding Films, Blister Packaging Films, Stick Packs
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What Key Drivers Are Expected to Influence Future Flexible Packaging Market Growth?
The growth of the flexible packaging market is predicted to be accelerated by the burgeoning number of online food outlets. These are digital services or platforms which allow consumers to order food and drinks for either delivery or pickup. The increase in such outlets is attributed to the growing preference of consumers for convenience, coupled with advancements in digital technology. Given their hectic lifestyles, more individuals are opting to order food online instead of cooking or eating out. This saves them time and provides a wealth of options at their disposal. Flexible packaging aids online food outlets in maintaining the freshness of their products, ensuring spill resistance, and providing cost-effective delivery solutions, thus bolstering customer satisfaction and brand value. For example, Agriculture and Agri-Food Canada, a government department based in Canada, reported that from December 2024, the percentage of online orders for cafés and bars saw an increase from 25.7% in 2021 to 25.9% in 2022. Consequently, the growing number of online food outlets is fuelling the expansion of the flexible packaging market.
Which Companies Hold the Largest Share Across Different Flexible Packaging Market Segments?
Major companies operating in the flexible packaging market are Paramount Global Inc., Henkel Limited., Amcor Plc, Mondi Group, Sonoco Products Company, Sealed Air Corp, Huhtamaki Oyj, Constantia Flexibles Group, ProAmpac Holdings, ePac Holdings LLC., LC Packaging International BV, TCPL Packaging Ltd., Guala Pack S.p.a., Resinex, Terinex Flexibles Ltd, Parkside Flexibles Ltd., Eagle Flexible Packaging Inc., FENTON PACKAGING LIMITED, WZ Packaging Ltd, Harkwell Labels Ltd., Norpol Packaging Ltd, Shako Flexipack Private Limited. , SPP Printed Packaging, Tyler Packaging Ltd.
What Trends Are Driving Growth in The Flexible Packaging Market?
Leading businesses in the flexible packaging marketplace are prioritizing the development of inventive products, namely paper-based flexible packaging, to support ecological sustainability and mitigate plastic pollution. Paper-based flexible packaging is comprised mainly of paper and is a lightweight and multipurpose material often mixed with laminate or coating to enhance sturdiness, heat sealability, and barrier protection. For instance, in April 2024, Parkside Flexible, a packaging firm based in the UK, introduced its innovative Recoflex series of recyclable, paper-based flexible packaging materials. This series provides durable, barrier-efficient, and heat-sealable solutions for a variety of market operations, and it is accessible in laminated formats and single-ply with a range of specifications.
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What Are the Emerging Geographies for The Flexible Packaging Market Growth?
Asia-Pacific was the largest region in the flexible packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Flexible Packaging Market?
2. What is the CAGR expected in the Flexible Packaging Market?
3. What Are the Key Innovations Transforming the Flexible Packaging Industry?
4. Which Region Is Leading the Flexible Packaging Market?
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