Flexible Plastic Packaging Global Market Report 2022, By Type, By Technology, By Application

Major players in the flexible plastic packaging market are Constantia Flexibles, Amcor Limited, Berry Global Inc, Clondalkin Group Holdings BV, ProAmpac, Coveris, Bemis Company Inc, Bischof + Klein Se & Co Kg, Aluflexpack Ag, Cosmo Films Limited, and C-P Flexible Packaging.

The global flexible plastic packaging market is expected to grow from $151.92 billion in 2021 to $158.88 billion in 2022 at a compound annual growth rate (CAGR) of 4.6%. The market is expected to grow to $191.56 billion in 2026 at a compound annual growth rate (CAGR) of 4.8%.

The flexible plastic packaging market consists of sales of flexible packaging by entities (organizations, sole traders, and partnerships) that manufacture flexible plastic packaging. Flexible packaging is economical and convenient way to package, preserve, and distribute food items, pharmaceuticals, cosmetic & personal care items, consumer storage and other consumables. Flexible plastic packaging involves various types of plastic material used for packaging different products such as snacks, beverages, vegetables, and others. Plastic materials used in flexible plastic packaging include polyethylene, polypropylene, polystyrene, and polyvinyl chloride among others.

The main types of flexible plastic packaging include stand-up pouches, flat pouches, roll stock, gusseted bags, wicketed bags, wraps, others. Stand-up pouches are also known as doypack and are soft-sided containers that stand up on their own without any support. The technologies used in flexible plastic packaging includes flexography, rotogravure, digital printing and others. The flexible plastic packaging is used to pack a variety of items such as food, beverage, pharms & health care, personal care & cosmetics.

Asia Pacific was the largest region in the flexible plastic packaging market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing consumption of processed and packaged food will drive the growth of the flexible plastic packaging market in the forecast 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. Therefore, high consumption of processed and packaged food propelled the demand for flexible plastic packaging during the period.

Rise in environmental concerns limited the growth of the flexible plastic packaging market during the historic period. Non-recyclable plastic bags have become a leading source of pollution globally. There are concerns about plastic in waste and in marine litter. Heaps of plastic litters have been found on several beaches across the world, clogs city sewers and fuels a massive flow of plastic waste, killing wildlife including sea animals. In response, many countries have instituted stringent rules to control the use of plastic bags. China, for example, has issued complete bans on plastic bags. These concerns proved to be a challenge to the flexible plastic packaging industry.

The launch of innovative packaging to attract more customers and expand the customer base of the company is a key trend in flexible plastic packaging. The companies operating in the flexible packaging market are focusing on manufacturing innovative and sustainable packaging solutions for end-users. For example, in February 2021, FreeForm Packaging AB, a Sweden-based packaging company launched one-sided stretchable paper laminate which is based on 85% paper. Stretchable paper laminate has two layers of fiber form, a thin layer of polyethylene is present on one of the layers which protects packaging and content.

In March 2019, C-P Flexible Packaging, a USA-based innovative custom manufacturer and printer of flexible packaging, pouches, bags, shrink sleeves, and roll-fed labels acquired Flexo Transparent LLC for an undisclosed amount. This acquisition will substantially increase the range of product offerings and manufacturing capabilities to strengthen the value of C-P Flexible Packaging. Additionally, the acquisition also focuses on expanding C-P Flexible Packaging presence in the Northeast USA. Flexo Transparent LLC is a USA-based company engaged in manufacturing and selling flexible plastic packaging products.

The countries covered in the flexible plastic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.