REPORT HIGHLIGHT
Flexible Plastic Pouches Market size was valued at USD 55,008.1 Million in 2022, expanding at a CAGR of 6.9% from 2023 to 2030.
Flexible plastic pouches are a type of packaging produced from flexible materials such as plastic films, laminates, or a combination of materials. Because of their lightweight nature, durability, and adaptability to diverse packaging demands, these pouches have grown in favor in recent years. Flexible pouches are becoming increasingly used in industry. It is a container designed to improve the packing of liquids and viscous materials. Flexible packaging is more advantageous in terms of logistics. It offers the advantage of being lighter when empty, making them easier to store. While flexible plastic pouches have numerous advantages in terms of storage, transportation, and design options, it is important to address the associated environmental issues. Manufacturers are increasingly examining and producing sustainable alternatives, as well as improving recycling procedures.
Flexible Plastic Pouches Market - Market Dynamics:
- An increase in demand for packaged food and beverages is expected to boost the growth of the market
- In developing countries, urbanization and the rise of the middle class have increased demand for packaged goods. As these populations acquire greater access to global products, the demand for flexible packaging solutions is expected to rise. As the lives of individuals become busier, there is a greater need for accessible, on-the-go food and beverage options. Flexible plastic pouches are lightweight and frequently resalable, making them great for carrying snacks and drinks on the go. The Waste and Resources Action Programme predicted that Plastic packaging in the UK accounts for nearly 70% of our plastic waste, making packaging the primary focus in the UK. The world produces 141 million tonnes of plastic packaging a year. The growing popularity of health-related items such as superfoods, supplements, and organic foods provides an opportunity for customized flexible packaging solutions. However, Stricter regulations governing food safety, plastic consumption, and product labeling all pose obstacles for organizations.
Flexible Plastic Pouches Market - Key Insights:
- As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.9% over the forecast period (2023-2030)
- Based on material type segmentation, Polyethylene was predicted to show maximum market share in the year 2022
- Based on type segmentation, Flat pouches were the leading type in 2022
- Based on application segmentation, Food and beverages were the leading type in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Flexible Plastic Pouches Market- Segmentation Analysis:
- The Global Flexible Plastic Pouches Market is segmented on the basis of type, material, application, and region.
- The market is divided into two categories based on Type: Flat pouches and Stand-up pouches. flat pouches dominate the market. The flexible plastic pouches market, with a focus on flat pouches, has been significantly expanding due to the increased demand for lightweight, durable, and cost-effective packaging solutions across a variety of industries.
- The market is divided into two categories based on material: Polyethylene, Polypropylene, and others. The polyethylene sector dominates the market and is likely to maintain its dominance during the forecast period. Although polyethylene remains a preferred material for flexible pouches due to its various advantages, the industry is undergoing a transformation. As environmental issues gain importance, there is a greater emphasis on sustainable and innovative polyethylene solutions.
- The market is divided into three categories based on application: Food and beverages, Personal care and home care, Health care, and Others. Food and beverages dominate the market. Because of the many advantages these pouches have over conventional packaging, especially in the context of the food and beverage industry, the flexible plastic pouch market has experienced tremendous growth.
Flexible Plastic Pouches Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. Asia Pacific is expected to dominate the growth of the market, due to the Rapid pace of industrialization and urbanization and also increased demand for packaged food and expansion of the food and beverages industry. As urban areas grow in population and work schedules become more engaged, there is an increase in demand for convenient and fast meal options, which are frequently packaged in flexible pouches. China's urbanization rate of permanent residence hit 64.72 percent in 2021, according to the country's top economic planner. Europe is expected to drive market growth during the forecast period, due to the rise in population, high availability of packaging materials, and technological developments.
Flexible Plastic Pouches Market- Competitive Landscape:
The flexible plastic pouches market is one of the most important categories in the packaging industry. The device's appeal has grown because of its ease of use, versatility, and small weight. Consumer demand, technological innovation, environmental initiatives, and competitive strategies are driving the flexible plastic pouches market. As brands and manufacturers negotiate the changing terrain, those who can successfully balance innovation, sustainability, and cost-efficiency will likely prosper. The increasing popularity of convenience foods and beverages, the expansion of e-commerce and online shopping, and the need for sustainable packaging solutions are all anticipated to increase demand for flexible plastic pouches in the future years. Major players are merging or acquiring smaller players to broaden their portfolios and expand their geographical reach. For Example, on October 25, 2022, Berry Global announced its collaboration with film converter and manufacturer, Printpack, leveraging its independent strengths in film manufacturing and conversion to create packaging solutions that support increased customer demand for more sustainable packaging.
Recent Developments:
On May 2, 2023, Sealed Air Corporation announced it had officially changed its corporate brand to SEE, taking the next step in reinventing the company. Sealed Air has evolved its corporate and iconic brands to SEE, showcasing a market-driven, customer-first, solutions company. SEE partners with customers to deliver packaging solutions integrating Automation, Digital, and Sustainability, creating significant value for their businesses.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL FLEXIBLE PLASTIC POUCHES MARKET KEY PLAYERS
- Berry Global Inc.
- Mondi
- Huhtamaki
- Sealed Air Corp.
- Sonoco Products Company
- Smurfit Kappa
- Amcor Plc
- GogllioSpA
- Constantia Flexibles
- ProAmpac
GLOBAL FLEXIBLE PLASTIC POUCHES MARKET, BY TYPE
- Flat pouches
- Stand-up pouches
GLOBAL FLEXIBLE PLASTIC POUCHES MARKET, BY MATERIAL
- Polyethylene
- Polypropylene
- others
GLOBAL FLEXIBLE PLASTIC POUCHES MARKET, BY APPLICATION
- Food and beverages
- Personal care and home care
- Health care
- Others
GLOBAL FLEXIBLE PLASTIC POUCHES MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA