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Flexible Packaging - Global Strategic Business Report

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    Report

  • 938 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338418

Global Flexible Packaging Market to Reach $360.2 Billion by 2030

The global market for Flexible Packaging estimated at US$192.9 Billion in the year 2022, is projected to reach a revised size of US$360.2 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030. Plastic, one of the segments analyzed in the report, is projected to record 8.1% CAGR and reach US$233.4 Billion by the end of the analysis period. Growth in the Paper segment is estimated at 7.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $46.5 Billion, While China is Forecast to Grow at 9.9% CAGR

The Flexible Packaging market in the U.S. is estimated at US$46.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$85.6 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.

Select Competitors (Total 349 Featured)

  • Ball Corporation
  • Cascades, Inc.
  • Bischof + Klein SE & Co. KG
  • Ab Rani Plast Oy
  • Achaika Plastics SA
  • Anchor Packaging, Inc.
  • Carton Pack SpA
  • Consolidated Container Company
  • C-P Flexible Packaging
  • Amerplast Ltd.
  • Aeroflex USA, Inc.
  • AR Packaging Group AB
  • Bryce Corporation
  • Aluflexpack
  • Advanced Packaging Technology

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Flexible Packaging Market

What is the estimated value of the Flexible Packaging Market?

The Flexible Packaging Market was estimated to be valued at $192.9 Billion in 2022.

What is the growth rate of the Flexible Packaging Market?

The growth rate of the Flexible Packaging Market is 8.1%, with an estimated value of $360.2 Billion by 2030.

What is the forecasted size of the Flexible Packaging Market?

The Flexible Packaging Market is estimated to be worth $360.2 Billion by 2030.

Who are the key companies in the Flexible Packaging Market?

Key companies in the Flexible Packaging Market include Ball Corporation, Cascades, Inc., Bischof + Klein SE & Co. KG, Ab Rani Plast Oy, Achaika Plastics SA, Anchor Packaging, Inc., Carton Pack SpA, Consolidated Container Company, C and P Flexible Packaging.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Packaging Industry Confronts Testing Times Amidst the COVID-19 Pandemic
  • Pandemic-Induced Changes Impact Flexible Packaging Market
  • Changing Industry Landscape
  • Flexible Packaging Emerges to Address Food Safety Concerns Amidst the Pandemic
  • Flexible Packaging - Global Key Competitors Percentage Market Share in 2022 (E)
  • An Introduction to Flexible Packaging
  • Flexible Packaging Materials
  • Plastic Film
  • Types of Plastic Films
  • Paper
  • Aluminum Foil
  • Flexible Packaging Formats
  • Major End-Use Markets of Flexible Packaging
  • Global Market Prospects & Outlook
  • Pouches Preferred for Packaging of Food & Agricultural Products
  • Food & Beverage: The Leading Application Segment
  • Emerging Economies Spearhead Growth in Flexible Packaging Market
  • Competition
  • Competition Drives M&A Activity in Flexible Packaging Market
  • World Brands
  • Recent Market Activity
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Key Attributes of Flexible Packaging Drive Adoption in Various End-Use Industries
  • Sustained Demand from Food Sector Provides Healthy Growth Opportunities for Flexible Packaging Market
  • Rising Consumer Focus on Convenience & Consequent Rise in Sales of Packaged Foods Drive Market Gains
  • Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
  • Flexible Packaging Ensures Increased Food Hygiene & Food Safety
  • Popular Types of Flexible Packaging Solutions for Food Industry
  • Plastic Packaging Continues to Find Favor in F&B Industry
  • Food Consumption Patterns to Influence Market Prospects
  • Snacking Culture Pushes Up Demand for Flexible Packaging
  • Global Snack Foods Sales in US$ Billion for the Years 2020, 2022, 2024 and 2026
  • Changing Consumer Preferences Influence Packaging Design Changes
  • Flexible Packaging Solutions for the Beverage Industry
  • Non-Food Flexible Packaging Solutions: Trends in Manufacturing Sector Determine Growth
  • Industrial Manufacturing Activity to Influence Growth Trends
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Pharmaceutical Industry: A Promising Application for Flexible Packaging
  • Flexible Packaging for Healthcare Market Breakdown by End-Use (in %): 2020
  • Common Flexible Packaging Solutions Use in Pharma Industry
  • Demand Grows for Integrated and Flexible Packaging Solutions in Pharma Industry
  • Novel Packaging Solutions Transform Pharmaceutical Industry
  • Pharmaceutical Packaging Sector Remains Stable Amidst COVID-19 Outbreak
  • Pharmaceutical Packaging Players Gear Up with Sterile, Antiviral Packaging to Deal with COVID-19 Challenge
  • Plastic Packaging for Pharma Products
  • Beauty and Personal Care Industry Emerges as a Promising End-Use Market for Flexible Packaging Solutions
  • Personal Care Companies Show Inclination Towards Sustainable Flexible Packaging Products
  • Cosmetics Industry Increasingly Chooses Flexible Packaging Solutions
  • Personal Care Industry Comes Under Stress during the Pandemic, Impacting Flexible Packaging Market
  • Global Personal Care Market Growth Outlook (in %) for Years 2019 through 2025
  • Pet Food: Potential Opportunities for Flexible Packaging Market
  • Global Pet Food Market: Sales in US$ Million by Region/Country for Years 2020 and 2027
  • Customized Packaging - A Key Trend
  • Single Serve Packaging: Driven by Convenience
  • Innovations in Flexible Packaging for Pet Food
  • Rise in Consumer Electronics Sales Augur Well for the Market
  • Global Opportunity for Consumer Electronics (In US$ Million) for Years 2020, 2022, 2024, 2026 and 2028
  • Plastic Flexible Packaging Captures a Significant Share of the Global Market
  • Global Flexible Plastic Packaging Market by Application (in %) for 2020
  • Pollution Concerns Impact Flexible Plastic Packaging Market
  • Paper Emerges as a Sustainable Flexible Packaging Option
  • Food Industry Remains the Prime Market for Flexible Paper Packaging
  • Flexible Aluminum Packaging Market: An Overview
  • Laminated Aluminum Foil
  • Bioplastics Flexible Packaging: A Mix of Performance and Sustainability
  • BOPP Film Market Benefits from Flexible Packaging Demand
  • Global BOPP Films Market Breakdown by Type (in %) for 2020
  • Sustainability Emerges as a Key Factor Influencing Growth in Flexible Packaging Market
  • Forms of Sustainable Flexible Packaging
  • Material Options for Compostable and Biodegradable Flexible Packaging
  • Standup Pouches Market: Poised for Growth
  • Snacking Trend Boosts Stand-up Pouches Market
  • Growth of Aseptic Packaging Presents Favorable Outlook
  • Lightweight Plastic Contribute to the Growth of Standup Pouches Market
  • Food Application to Drive Gains in Standup Pouches
  • E-Commerce Boom Presents Opportunity for Flexible Packaging Market
  • Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
  • Digitalization Catches Up Flexible Packaging
  • Appealing Colors & Unique Designs Enhance Flexible packaging
  • An Overview of Future Trends in the Flexible Packaging Market
  • Emphasis on Packaging Convenience & Packaging Individualization
  • Growing Role of Technology
  • Product Marketing and Market Competition
  • Changes in Shopping Patterns and Consumer Lifestyle
  • Rising Importance of Sustainable Packaging
  • PU Adhesives Augment Flexible Packaging
  • Compostable Packaging Makes its Mark
  • Packaging Design Trends to Impact Market
  • Innovations in Flexible Packaging Materials to Boost Growth
  • A Review of Innovative & Sustainable Flexible Packaging Solutions
  • Developments in Sachet & Pouch Production
  • Market to Benefit from Pouch Packaging Innovations
  • Advancing Digital Printing Technology: Significant Impact on Flexible Packaging Market
  • Innovations in Materials Recycling
  • Though Difficult to Recycle, Flexible Packaging Continues to be ‘Green’ Solution
  • Complications with Recycling Flexible Packaging
  • Favorable Demographic & Economic Trends Strengthen Market Prospects
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Urbanization Trend
  • World Urban Population in Thousands: 1950-2050P
  • Burgeoning Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Challenges Facing the Flexible Packaging Industry
  • Lack of Adequate Recycling Infrastructure Facilities: A Key Challenge
  • Plastic Packaging Remains a Major Environmental Concern
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Flexible Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Flexible Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Flexible Packaging by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Plastic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Plastic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Plastic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Paper by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Paper by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Paper by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Other Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Food & Beverages by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Cosmetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Cosmetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Cosmetics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 25: World Flexible Packaging Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Market Overview
  • US Packaging Market: Breakdown of Value Sales by Segment for 2020
  • Pouches Remain a Popular Flexible Packaging Product
  • Food Industry: The Largest End-Use Market for Flexible Packaging Solutions
  • Plastic Films, Foils, & Paper: Popular Materials of Choice
  • Versatility and Flexibility Hold The Key to Growth
  • CANADA
  • Market Overview
  • JAPAN
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • COVID-19 Pandemic Spurs Use of Flexible Packaging Solutions
  • EUROPE
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Market Overview
  • FRANCE
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • Market Overview
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Market Overview
  • AUSTRALIA
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • Market Overview
  • INDIA
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • Market Overview
  • Plastic: The Widely Used Material
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • Flexible Packaging Market in Thailand: Overview
  • An Insight into Indonesian Flexible Packaging Market
  • LATIN AMERICA
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • Market Overview
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • Market Overview
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • Market Overview
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • Market Overview
  • UNITED ARAB EMIRATES
  • Market Overview
  • REST OF MIDDLE EAST
  • AFRICA
  • Flexible Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Ball Corporation
  • Cascades, Inc.
  • Bischof + Klein SE & Co. KG
  • Ab Rani Plast Oy
  • Achaika Plastics SA
  • Anchor Packaging, Inc.
  • Carton Pack SpA
  • Consolidated Container Company
  • C-P Flexible Packaging
  • Amerplast Ltd.
  • Aeroflex USA, Inc.
  • AR Packaging Group AB
  • Bryce Corporation
  • Aluflexpack
  • Advanced Packaging Technology