Press release
Flexible Industrial Packaging Market Set to Reach USD 43.0 Billion by 2034 Amid Rising Sustainability Demand
Flexible Industrial Packaging Market
Asia Pacific leads the global market, supported by strong industrial output and a well-established manufacturing base. Latin America emerges as the fastest-growing region due to rising infrastructure investments and a booming e-commerce landscape.
Get Free Sample Report and Related Graphs & Charts @https://www.reportsanddata.com/sample-enquiry-form/17826
Flexible industrial packaging is essential for transportation, storage, and protection of goods, especially across the food, beverage, chemical, pharmaceutical, and construction industries. Demand for more durable and sustainable solutions has significantly influenced the adoption of biodegradable and recyclable materials.
Sustainability and E-commerce Fueling Growth
A strong push toward sustainable packaging is shaping the market, with demand for eco-friendly materials rising by 18% in 2024, according to the Ellen MacArthur Foundation. Leading companies such as Amcor, Mondi Group, and Berry Global are responding by investing in greener materials and expanding globally.
The growing e-commerce sector is also a key driver. Online retail is projected to grow by 14% annually, contributing to a 20% increase in flexible packaging demand. The packaging is crucial for protecting goods in transit and ensuring consumer satisfaction.
Simultaneously, industrialization in emerging markets is pushing demand higher. The World Bank reports a 10% annual rise in industrial output in developing countries, further boosting the need for reliable, efficient packaging solutions.
Challenges: Raw Materials and Regulations
While the market shows strong promise, it faces challenges such as volatile raw material prices and tightening environmental regulations. Prices of key inputs like polyethylene and polypropylene rose by 12% in 2024, driven by global supply disruptions and oil price fluctuations. Manufacturers are seeking alternatives and improving supply chain resilience to offset these pressures.
Regulatory changes, such as the EU's Single-Use Plastics Directive, have increased production costs by up to 15% for some manufacturers, particularly in Europe. These policies are prompting companies to rethink product design and invest in innovation.
To Get Detailed Information About This Report@ https://www.reportsanddata.com/report-detail/flexible-industrial-packaging-market
Technology and Innovation on the Rise
To counter cost and efficiency challenges, the industry is turning to technological innovation. AI-driven pricing models have improved margins by 2-3%, and there's been a 12% rise in R&D investments targeting sustainable packaging materials and smarter production processes.
Market Segmentation Highlights
By Product Type: Bags are the most popular product, accounting for 40% of the market in 2024, with consistent demand across industries.
By Material: Plastic remains dominant with a 60% share, though biodegradable materials are gaining traction with a projected 8% CAGR through 2034.
By Application: The food & beverage sector leads demand, capturing 35% of the market in 2024, driven by the need for hygienic and efficient packaging of consumables.
Volume and Price Outlook
The market volume is expected to grow from 5 million tons in 2024 to 8 million tons by 2034, with a volume CAGR of 4.5%. Although growth in volume is slightly slower than in value, it indicates a shift toward higher-value, premium packaging solutions.
Prices have been fluctuating due to cost drivers like energy and logistics. In 2024 alone, prices rose by 8%, with global variations based on regional cost structures and regulatory burdens.
Flexible Industrial Packaging Competitive Strategies
Amcor
Mondi Group
Berry Global
Greif Inc.
Sealed Air Corporation
Smurfit Kappa Group
DS Smith
Huhtamaki
Sonoco Products Company
Uflex Ltd.
Click here to Buy Now @https://www.reportsanddata.com/checkout-form/17826
Strategy
Top players in the Flexible Industrial Packaging Market are competing through innovation in sustainable materials, strategic partnerships, and geographic expansion. Companies like Amcor and Mondi Group are investing in R&D to develop eco-friendly packaging solutions. Strategic partnerships are enhancing product offerings and expanding market reach. Geographic expansion into emerging markets is a key strategy for capturing growth opportunities.
Flexible Industrial Packaging Market Segmentation
By Product Type
Bags
Pouches
Sacks
Wraps
Others
By Material
Plastic
Paper
Metal
Biodegradable
By Application
Food & Beverage
Pharmaceuticals
Chemicals
Construction
Others
By End User
Manufacturing
Retail
Logistics
Agriculture
Request Customization Of The Report @https://www.reportsanddata.com/request-customization-form/17826
Read Similar Reports By Reports and Data:
Ai In Drug Discovery Market
https://www.reportsanddata.com/report-detail/ai-in-drug-discovery-market
Respiratory Diagnostics Market
https://www.reportsanddata.com/report-detail/respiratory-diagnostics-market
Veterinary Equipment Disposables Market
https://www.reportsanddata.com/report-detail/veterinary-equipment-disposables-market
Preparative Process Chromatography Market
https://www.reportsanddata.com/report-detail/preparative-process-chromatography-market
Radiotherapy Monitoring Devices Market
https://www.reportsanddata.com/report-detail/radiotherapy-monitoring-devices-market
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Flexible Industrial Packaging Market Set to Reach USD 43.0 Billion by 2034 Amid Rising Sustainability Demand here
News-ID: 4104721 • Views: …
More Releases from Reports And Data
Global Automotive Variable Geometry Turbocharger Market Insight, Growth, Industr …
The automotive variable geometry turbocharger (VGT) market is an important segment within the automotive turbocharger industry, focused on advanced turbocharging technology that adjusts turbine geometry to optimize exhaust flow and boost pressure. VGTs enhance engine performance, improve fuel efficiency, and reduce emissions, making them essential in modern internal combustion engines-particularly in downsized gasoline and diesel engines. This technology supports automakers' efforts to meet stringent fuel economy and emission regulations while…
Global Automotive Vacuum Pump Market Size, Growth, Industry Trends | Reports and …
The automotive vacuum pump market is a significant segment within the automotive components industry, focusing on pumps that generate vacuum pressure essential for various vehicle functions such as brake boosters, engine control, HVAC systems, and emission control. These pumps improve vehicle safety, performance, and efficiency and are critical in modern internal combustion engine (ICE) vehicles as well as in hybrid and electric vehicles (EVs), especially as engine downsizing and electrification…
Global Automotive Tie Rod Assembly Market Set for Rapid Growth - Reports and Dat …
The automotive tie rod assembly market is a key segment within the automotive steering system components industry, focusing on the manufacture and supply of tie rod assemblies that are essential for precise steering control, vehicle stability, and safety. Tie rod assemblies connect the steering gear to the wheels and play a crucial role in translating driver steering input into wheel movement. These assemblies are widely used across passenger cars, light…
Global Automotive Transmission Valve Spool Market Insight, Growth, Industry Tren …
The automotive transmission valve spool market is a vital segment within the automotive transmission components industry, focusing on manufacturing and supplying valve spools that control hydraulic fluid flow inside transmission systems. These valve spools are critical for enabling smooth gear shifts, optimizing transmission performance, and enhancing overall vehicle efficiency and reliability. They are widely used across automatic and advanced transmission systems in passenger cars, commercial vehicles, and increasingly in hybrid…
More Releases for Flexible
Flexible Super Capacitor Market
Flexible Super Capacitor Market Overview
Flexible super capacitor usually consists of flexible electrode with superior electrochemical properties, compatible electrolyte and separator in a flexible assembly.
This report provides a deep insight into the global Flexible Super Capacitor market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis,…
The Future is Flexible: Opportunities and Challenges in the Flexible Substrate I …
The global Flexible Substrate market is estimated to attain a valuation of US$ 28.7 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 18.9% during the forecast period, 2022-2031.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of…
Global Flexible Honeycomb Market, Global Flexible Honeycomb Industry, Covid-19 I …
The Flexible Honeycomb market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Flexible Honeycomb Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Flexible Honeycomb market. The report focuses on well-known providers in the global…
ASEAN Flexible Packaging Market: Rising Urban Population to Fuel Demand for Flex …
Already making up almost half of the retail packaging industry, the flexible packaging market is set to rise exponentially. In the Association of Southeast Asian Nations (ASEAN) in particular, the market is scaling new highs, thus connoting the presence of several large players. In a recent study, Transparency Market Research (TMR) finds that the vendor landscape of the ASEAN flexible packaging market exhibits the presence of numerous players. While none…
Flexible Glass for Flexible Electronics Market Trends and Segments 2016-2026
Glass is a non-crystalline solid which is mostly transparent and has technological, practical and decorative usage in things like window panes, electronic devices, tableware, Containers & so many. The oldest type of glass is based on the chemical compound silica which is the primary constituent of sand as well. Moving on to Flexible glass for flexible electronics, which is an ultra-thin glass with flexible and stretching feature along with all…
Flexible Glass for Flexible Electronics Market Growth, Forecast and Value Chain …
Glass is a non-crystalline solid which is mostly transparent and has technological, practical and decorative usage in things like window panes, electronic devices, tableware, Containers & so many. The oldest type of glass is based on the chemical compound silica which is the primary constituent of sand as well. Moving on to Flexible glass for flexible electronics, which is an ultra-thin glass with flexible and stretching feature along with all…
