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Flexible Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region

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    Report

  • 220 Pages
  • July 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5849792

Flexible packaging formats, including pouches, films, and bags, continue to be highly preferred among brands, primarily for the packaging of food products. The global market for flexible packaging is expected to witness stable growth between 2021 and 2025, fueled by the rapidly expanding end-use base, according to a forthcoming study by the analyst. With a growing demand for functional and tangible packaging from customers and a focus on efficient, shipping-friendly product protection and supply chain efficacy from companies, the demand for flexible packaging solutions is poised to thrive

Flexible packaging represents one of the fastest-growing segments of the global packaging industry, benefiting significantly from technological innovations and attractive economics. As sustainability concerns gain prominence, packaging companies are shifting away from conventional rigid packaging solutions and embracing innovative and environmentally-friendly alternatives. With more companies adopting a customer-centric approach, flexible packaging formats are gaining prominence in the global market. The expansion of e-commerce and advancements in digital printing technology are expected to further drive market growth.

F&B Applications Contribute Over 50% of Global Revenue

The food and beverage (F&B) industry accounts for more than half of the total market revenue, showcasing its dominance in the global market. The convenience, high performance, marketability, and storage efficiency of flexible packaging formats have contributed to their popularity in both food and non-food applications. Lightweight bags and pouches are projected to gain traction for unit packaging in segments such as bakery, frozen food, meat and poultry, and confectionery. Due to their cost-effectiveness, ease of use, functionality, safety, moisture and heat barrier properties, extended shelf-life, permeability, and adaptability, flexible packaging formats are also extensively used for products with higher liquid content. Their durability and appealing aesthetics add to the overall market attractiveness of flexible packaging solutions. Non-food application areas include healthcare, beauty and personal care, and insulation.

Versatility of Pouches Remains Desired

The unprecedented growth of retail categories like ready-to-eat/ready-to-drink, freezer-to-microwave, and boil-in-bag products is expected to bolster the demand for flexible packaging formats such as pouches, bags, and liners. Pouches, in particular, will witness significant growth due to their high performance compared to commodity counterparts. The versatility of pouches, including greater food safety, reliable air-tight closures, and easy handling, will drive their adoption in the retail sector, especially as they can stand upright on store shelves. The customizable nature of pouches will further contribute to their growing popularity in the flexible packaging market.

Asia Pacific Promises Maximum Growth Opportunity

Asia Pacific leads the global flexible packaging market, generating over a third of the total market revenue. The region's growth is driven by the rapid expansion of e-commerce, booming processed and packaged food sectors, and a thriving retail industry. The emergence of numerous smaller packaging units, particularly in fast-developing economies, supports market growth. The rising demand for medical, pharmaceutical, and related packaging solutions throughout the region is also expected to uphold the flexible packaging market during the forecast period.

Competition Analysis

Key players in the flexible packaging landscape are focused on strategic acquisitions, mergers, and partnerships. Amcor acquired Bemis Company Inc. in 2019, while Constantia Flexibles Group acquired a majority of shares in Creative Polypack Limited in 2018. Leading market players covered in the flexible packaging market report include Mondi Group, Amcor PLC, UFlex Limited, Eagle Flexible Packaging, Constantia Flexibles Group GmbH, Bemis Company, Inc., Wheel Flexible Packaging, Ampac Holdings, Sanjeev Flexi-Pack Pvt. Ltd., Sonoco Products Company, Sealed Air Corporation, ProAmpac, Coveris Holdings S.A., and Clondalkin Group Holdings B.V.

The global flexible packaging market is set for stable growth driven by increasing adoption, technological innovations, and the demand for sustainable packaging solutions.

Table of Contents

1. Executive Summary
1.1. Global Flexible Packaging Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Global Packaging Market - Overview
2.8. Economic Analysis
2.9. PESTLE
3. Production Output and Trade Statistics, 2019 - 2022
3.1. Regional Production Statistics
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East & Africa
4. Price Trends Analysis and Future Projects, 2019 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Material
4.4. By Region
5. Global Flexible Packaging Market Outlook, 2019 - 2030
5.1. Global Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.1.1. Key Highlights
5.1.1.1. Plastic
5.1.1.1.1. PP
5.1.1.1.2. PE
5.1.1.1.3. PVC
5.1.1.1.4. PET
5.1.1.1.5. EVA
5.1.1.1.6. BOPP
5.1.1.1.7. Misc.
5.1.1.2. Aluminum Foil
5.1.1.3. Paper
5.1.1.4. Misc.
5.2. Global Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.2.1. Key Highlights
5.2.1.1. Food
5.2.1.2. Beverage
5.2.1.3. Medical & Pharmaceutical
5.2.1.4. Consumer Products
5.2.1.5. Personal Care
5.2.1.6. Pet Food
5.2.1.7. Baby Food
5.2.1.8. Retail (Non-food)
5.2.1.9. Industrial Applications
5.2.1.10. Misc. (Tobacco, etc.)
5.3. Global Flexible Packaging Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. North America Flexible Packaging Market Outlook, 2019 - 2030
6.1. North America Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.1.1. Key Highlights
6.1.1.1. Plastic
6.1.1.1.1. PP
6.1.1.1.2. PE
6.1.1.1.3. PVC
6.1.1.1.4. PET
6.1.1.1.5. EVA
6.1.1.1.6. BOPP
6.1.1.1.7. Misc.
6.1.1.2. Aluminum Foil
6.1.1.3. Paper
6.1.1.4. Misc.
6.2. North America Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.2.1. Key Highlights
6.2.1.1. Food
6.2.1.2. Beverage
6.2.1.3. Medical & Pharmaceutical
6.2.1.4. Consumer Products
6.2.1.5. Personal Care
6.2.1.6. Pet Food
6.2.1.7. Baby Food
6.2.1.8. Retail (Non-food)
6.2.1.9. Industrial Applications
6.2.1.10. Misc. (Tobacco, etc.)
6.3. North America Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S.
6.3.1.2. Canada
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Flexible Packaging Market Outlook, 2019 - 2030
7.1. Europe Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.1.1. Key Highlights
7.1.1.1. Plastic
7.1.1.1.1. PP
7.1.1.1.2. PE
7.1.1.1.3. PVC
7.1.1.1.4. PET
7.1.1.1.5. EVA
7.1.1.1.6. BOPP
7.1.1.1.7. Misc.
7.1.1.2. Aluminum Foil
7.1.1.3. Paper
7.1.1.4. Misc.
7.2. Europe Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.2.1. Key Highlights
7.2.1.1. Food
7.2.1.2. Beverage
7.2.1.3. Medical & Pharmaceutical
7.2.1.4. Consumer Products
7.2.1.5. Personal Care
7.2.1.6. Pet Food
7.2.1.7. Baby Food
7.2.1.8. Retail (Non-food)
7.2.1.9. Industrial Applications
7.2.1.10. Misc. (Tobacco, etc.)
7.3. Europe Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.3.1. Key Highlights
7.3.1.1. Germany
7.3.1.2. France
7.3.1.3. U.K.
7.3.1.4. Italy
7.3.1.5. Spain
7.3.1.6. Russia
7.3.1.7. Rest of Europe
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Flexible Packaging Market Outlook, 2019 - 2030
8.1. Asia Pacific Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.1.1. Key Highlights
8.1.1.1. Plastic
8.1.1.1.1. PP
8.1.1.1.2. PE
8.1.1.1.3. PVC
8.1.1.1.4. PET
8.1.1.1.5. EVA
8.1.1.1.6. BOPP
8.1.1.1.7. Misc.
8.1.1.2. Aluminum Foil
8.1.1.3. Paper
8.1.1.4. Misc.
8.2. Asia Pacific Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.2.1. Key Highlights
8.2.1.1. Food
8.2.1.2. Beverage
8.2.1.3. Medical & Pharmaceutical
8.2.1.4. Consumer Products
8.2.1.5. Personal Care
8.2.1.6. Pet Food
8.2.1.7. Baby Food
8.2.1.8. Retail (Non-food)
8.2.1.9. Industrial Applications
8.2.1.10. Misc. (Tobacco, etc.)
8.3. Asia Pacific Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.3.1. Key Highlights
8.3.1.1. China
8.3.1.2. Japan
8.3.1.3. South Korea
8.3.1.4. India
8.3.1.5. Southeast Asia
8.3.1.6. Rest of Asia Pacific
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Flexible Packaging Market Outlook, 2019 - 2030
9.1. Latin America Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.1.1. Key Highlights
9.1.1.1. Plastic
9.1.1.1.1. PP
9.1.1.1.2. PE
9.1.1.1.3. PVC
9.1.1.1.4. PET
9.1.1.1.5. EVA
9.1.1.1.6. BOPP
9.1.1.1.7. Misc.
9.1.1.2. Aluminum Foil
9.1.1.3. Paper
9.1.1.4. Misc.
9.2. Latin America Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.2.1. Key Highlights
9.2.1.1. Food
9.2.1.2. Beverage
9.2.1.3. Medical & Pharmaceutical
9.2.1.4. Consumer Products
9.2.1.5. Personal Care
9.2.1.6. Pet Food
9.2.1.7. Baby Food
9.2.1.8. Retail (Non-food)
9.2.1.9. Industrial Applications
9.2.1.10. Misc. (Tobacco, etc.)
9.3. Latin America Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Flexible Packaging Market Outlook, 2019 - 2030
10.1. Middle East & Africa Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.1.1. Key Highlights
10.1.1.1. Plastic
10.1.1.1.1. PP
10.1.1.1.2. PE
10.1.1.1.3. PVC
10.1.1.1.4. PET
10.1.1.1.5. EVA
10.1.1.1.6. BOPP
10.1.1.1.7. Misc.
10.1.1.2. Aluminum Foil
10.1.1.3. Paper
10.1.1.4. Misc.
10.2. Middle East & Africa Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.2.1. Key Highlights
10.2.1.1. Food
10.2.1.2. Beverage
10.2.1.3. Medical & Pharmaceutical
10.2.1.4. Consumer Products
10.2.1.5. Personal Care
10.2.1.6. Pet Food
10.2.1.7. Baby Food
10.2.1.8. Retail (Non-food)
10.2.1.9. Industrial Applications
10.2.1.10. Misc. (Tobacco, etc.)
10.3. Middle East & Africa Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC
10.3.1.2. South Africa
10.3.1.3. Rest of Middle East & Africa
10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Company Profiles
11.3.1. Berry Global Inc.
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
11.3.2. Amcor
11.3.3. Mondi Group
11.3.4. Crown Holdings, Inc.
11.3.5. WestRock
11.3.6. Constantia Flexibles
11.3.7. Sealed Air
11.3.8. Ball Corp
11.3.9. Clondalkin Group
11.3.10. Tetra Pak International S.A.
11.3.11. International Paper Co.
11.3.12. Huhtamäki Oyj
11.3.13. Sonoco
11.3.14. Oji Holdings
11.3.15. Stora Enso
11.3.16. Coveris Holding S.A
11.3.17. PKGMAKER
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Berry Global Inc.
  • Amcor
  • Mondi Group
  • Crown Holdings, Inc.
  • WestRock
  • Constantia Flexibles
  • Sealed Air
  • Ball Corp
  • Clondalkin Group
  • Tetra Pak International S.A.
  • International Paper Co.
  • Huhtamäki Oyj
  • Sonoco
  • Oji Holdings
  • Stora Enso
  • Coveris Holding S.A
  • PKGMAKER

Methodology

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