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Rising Pharmaceutical Industry Growth Fuels Demand For Flexible Plastic Packaging Market Emerges as a Core Driver of the Flexible Plastic Packaging Market in 2025
Flexible Plastic Packaging
What Is the Expected CAGR for the Flexible Plastic Packaging Market Through 2025?
The market size of flexible plastic packaging has significantly expanded in the past few years. The market is projected to escalate from $173.29 billion in 2024 to $182.07 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.1%. Factors contributing to the increase during the historic period include consumer convenience, focus on sustainability, expansion of food and beverage sectors, enhancement of shelf appeal and branding, plus advancement in transport and logistics.
What's the Projected Size of the Global Flexible Plastic Packaging Market by 2029?
Anticipated robust expansion is expected in the flexible plastic packaging market in the coming years. The market will surge to $238.1 billion by 2029, with a compound annual growth rate (CAGR) of 6.9%. This projected growth during the forecast period is due to factors such as e-commerce and home delivery, convenience features, personalization and customization, diminished food waste, and growth in emerging markets. Key trends predicted for the forecast period encompass an intensified focus on health and hygiene, advanced barrier materials, alternatives to single-use plastic, digital printing and labeling, and technological progress.
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Top Growth Drivers in the Flexible Plastic Packaging Industry: What's Accelerating the Market?
The surge in the pharmaceutical sector is projected to boost the flexible plastic packaging market's expansion. The pharmaceutical sector has a primary focus on drug research, development, production, and distribution for disease prevention, diagnosis, treatment, and cure. This sector's escalating demand is credited to various key factors like an aging populace, the widespread nature of chronic illnesses, advancements in medical technology, improved healthcare access, and a rising health and wellness consciousness. Flexible plastic packaging, used extensively in the pharmaceutical industry for packaging items like blister packs, pouches, and sterile bags, provides protection, prolongs shelf life, and simplifies usage. In August 2024, the Government of Canada, a Canada-based federal administration, noted that in 2022 pharmaceutical trade domestic exports increased to 12.79, with imports climbing to 30.21 in 2022. Hence, the pharmaceutical industry's expansion is a primary driver for the disintegration tester market's growth.
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What Trends Will Shape the Flexible Plastic Packaging Market Through 2029 and Beyond?
Introducing unique packaging designs to appeal to a bigger consumer crowd and grow the firm's consumer foundation is an emerging trend in the flexible plastic packaging sector. Companies in the flexible packaging industry are centring their efforts on creating inventive and eco-friendly packaging methods for their end-users. To illustrate, in April 2024, Amcor, a leading English packaging solutions firm, unveiled packaging for its Eco Protect diapers which comprised 30% recycled materials. These packs consist of post-consumer used content, offering a greener packaging alternative for the hypoallergenic diapers manufactured with certified, plant-based fibers.
What Are the Main 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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Which Top Companies are Driving Growth in the Flexible Plastic Packaging Market?
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
Which Regions Will Dominate the Flexible Plastic Packaging Market Through 2029?
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.
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