Market Research Report
Flexible Packaging Market by Material, Packaging Type, and End-Use Industry : Global Opportunity Analysis and Industry Forecast, 2021-2030
|Flexible Packaging Market by Material, Packaging Type, and End-Use Industry : Global Opportunity Analysis and Industry Forecast, 2021-2030|
Published: July 1, 2021
Allied Market Research
Content info: 230 Pages
Delivery time: 2-3 business days
The global flexible packaging market was valued at $182.3 billion in 2020, and is projected to reach $325.6 billion by 2030, growing at a CAGR of 6.2% from 2021 to 2030.
The characteristics of plastics and films, including enhanced protection against force and pressure, food safety, and help increase shelf life of product, are combined in flexible packaging. These versatile packaging supplies functional solution that requires minimal production costs. From consumer goods to electronics and cosmetics to medical supplies, flexible packaging is an important component in the supply chain of many industries and products. Flexible packaging adds value and marketability of both food and non-food products by combining the finest qualities of plastic, film, paper, and aluminum foil to provide a wide range of protective properties with the least amount of material.
Increase in demand for snack and convenience foods in small or single size portions. The packaging industry is moving toward flexible packaging, owing to its multi-fold energy and environmental advantages. Flexible packaging combines the qualities of plastic, paper, and aluminum foil without sacrificing the freshness, barrier protection, durability, printability, or simplicity of use of the product. With these advantages of flexible packaging, the market is expected to grow during the forecast period. However, recycling of plastic packaging waste is a complex process that requires state-of-the-art infrastructural facilities. It is a time-consuming process that needs personnel expertise. This may hamper the growth of the flexible packaging market.
The global flexible packaging market is segmented on the basis of material, packaging type, end-use industry, and region. On the basis of material, the market is segmented into paperboard, plastic (polyethylene, polypropylene, polyethylene terephthalate, and others), aluminum foil, and others. By packaging type, it is fragmented into stand-up pouch, films, bag-in-box, and others. On the basis of end-use industry, the market is segmented into food & beverage, personal care, pharmaceutical, household care, industrial, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounts for the largest share of the market, followed by LAMEA and Europe.
Major players operating in the global flexible packaging market include Berry Global Inc., Amcor Plc, FlexPak Services LLC, Mondi Group, Sealed Air Corporation, Constantia Flexibles, Transcontinental Inc., Coveris Holding SA, Huhtamaki, and Sonoco.
By Packaging Type
By Packaging Type
TABLE 140.REST OF ASIA-PACIFIC FLEXIBLE PACKAGING MARKET, BY MATERIAL, 2021-2030 (KILOTONS)