Overview and Scope
Flexible plastic packaging refers to a technique for packing goods that makes
use of flexible materials and is relatively new in the field of packaging
solutions. It has gained popularity because of its high efficiency and
economical nature. Plastic materials used in flexible plastic packaging include
polyethylene, polypropylene, polystyrene, and polyvinyl chloride, among others.
Sizing and Forecast
The flexible plastic packaging market size has grown strongly in recent years.
It will grow from $166.01 billion in 2023 to $174.42 billion in 2024 at a
compound annual growth rate (CAGR) of 5.1%. The
growth in the historic period can be attributed to consumer convenience,
sustainability concerns, food and beverage industry growth, shelf appeal and
branding, transportation and logistics.
The flexible plastic packaging market size is expected to see strong growth in
the next few years. It will grow to $219.18 billion in 2028 at a compound
annual growth rate (CAGR) of 5.9%. The
growth in the forecast period can be attributed to e-commerce and home
delivery, convenience features, customization and personalization, reduction of
food waste, emerging market growth. Major trends in the forecast period include
increasing health and hygiene focus, advanced barrier materials, single-use
plastic alternatives, digital printing and labeling, technological
advancements.
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Segmentation & Regional Insights
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, Pharms & Health Care, Personal Care
& Cosmetics, Other Applications
Asia-Pacific was the largest region in the flexible plastic packaging market in
2023. 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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Major Driver Impacting Market Growth
The increase in consumption of processed and packaged food is drove the growth
of the flexible plastic packaging market in the historic period. Packaged foods
are food products that have been frozen, canned, cooked, packaged, or changed
in nutritional composition and are preserved or fortified in different ways.
Food brands are adopting flexible plastic packaging it consists of different
types of packages that are easily molded. For instance, in December 2021,
According to the Agricultural and Processed Food Products Export Development
Authority (APEDA), an-Indian-based government agency, processed food products
exports increased from $11,671 million to $ 13,261 million in 2021-22.
Therefore, high consumption of processed and packaged food propelled the demand
for flexible plastic packaging during the period.
Key Industry Players
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
The flexible plastic packaging market report table of contents includes:
1. Executive Summary
2. Flexible
Plastic Packaging Market Characteristics
3. Flexible
Plastic Packaging Market Trends And Strategies
4. Flexible
Plastic Packaging Market - Macro Economic Scenario
5. Global
Flexible Plastic Packaging Market Size and Growth
.
31. Global Flexible Plastic Packaging Market Competitive Benchmarking
32. Global
Flexible Plastic Packaging Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Flexible Plastic Packaging Market
34.
Flexible Plastic Packaging Market Future Outlook and Potential Analysis
35.
Appendix
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