PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1108389
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1108389
Europe Flexible Packaging Market, By Material, By Product Type, By Application, By Country, Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Europe Flexible Packaging Market to Projected to Cross USD 71.3 Billion by 2028
Europe Flexible Packaging Market is flourishing owing to the technological innovation, sustainability concerns, and appealing economics along with the growing market demand for customer-friendly packages and enhanced product protection…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Europe Flexible Packaging Market was worth USD 47.62 billion in the year 2021. The market is projected to grow at a CAGR of 6.1%, earning revenues of around USD 71.37 billion by the end of 2028. The Europe Flexible Packaging Market is booming because of the expanding food and beverage industry along with the increasing demand for processed food and beverages. Moreover, the flexible packaging innovations by key market players to improve performance and product functionality will encourage manufacturers to align with flexible packaging, boosting flexible packaging market growth. Also, increased demand for pharmaceuticals and medical supplements supports market growth. Furthermore, Europe Flexible Packaging Market is one of the most emerging markets that grow continuously owing to the rapid technological developments and innovations in the agrochemicals, nutraceuticals, beverage, and alcohol sectors that effectively increase the production of innovative flexible packaging materials. However, recycling plastic packaging waste is a complex process that necessitates cutting-edge infrastructure. It is a time-consuming process that necessitates the expertise of personnel. This may act as a huge restraining factor for market growth.
Growing New and sustainable Flexible Plastic Packaging Solutions
Manufacturers have been encouraged to develop new packaging options as a result of dynamic industry changes such as the implementation of new regulatory initiatives. Growing environmental concerns about the use of biodegradable plastics in flexible packaging have also pushed manufacturers to develop safe and secure sustainable packaging options. Manufacturers are considering sustainable packaging solutions that require fewer materials and energy to manufacture a package, reduce transportation expenses, and offer a longer shelf-life to the product to reduce cost pressure and maintain the integrity of product packages. As a result, the Europe Flexible Packaging is predicted to develop at a significant rate during the forecast period (2022-2028).
Increasing Government Support for Sustainable Packaging
To reduce waste, governments across Europe are encouraging the use of sustainable packaging. For instance, the United Kingdom surpassed China to become the world leader in sustainable packaging in 2018. With an investment of USD 80 million, the government challenged innovators to create packaging that will reduce the environmental impact of harmful plastics. Additionally, the Packaging and Packaging Waste Directive was established in Europe with two main goals in mind: to help prevent trade barriers and to reduce the environmental impact of packaging waste. Manufacturers are shifting their strategies toward circularity and leveraging new plastic technologies to develop recyclable and sustainable solutions in response to stringent government regulations, changing consumer preferences, and environmental pressures.
Challenge: Recycling and environmental concerns
Recycling and environmental concerns associated with flexible plastic packaging act as a major restraining factor for market growth. According to the research, at least 1 million tonnes of plastic leak into the ocean each year, which is equivalent to emptying one garbage truck into the ocean every minute. This rate is expected to rise to two per minute by 2030 and four per minute by 2050, threatening the ecosystem. Plastic accounts for approximately 90% of all trash in the oceans. According to estimates, flexible plastic packaging accounts for the lion's share. As a result, recycling has become a major challenge in the flexible plastic packaging industry, providing re-use value and resulting in less waste.
Segmental Coverage
Based on application, the Europe Flexible Packaging Market is segmented into Food and Beverages, Medical and Pharmaceutical, Personal Care and Cosmetic, Industrial, and Others. The Food and Beverages segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). This is due to the increased spending on bakery and cereal bars, ready-to-cook meals and coffee or hot chocolate sticks and pouches, dehydrated and instant food (soup, gravy & sauce packets, rice, and food mixes), snack foods & nuts, spice foods, chocolates & sweets, ice-cream novelties, and others. This is expected to boost the growth of the Europe Flexible Packaging Market during the forecast period (2022-2028).
Impact of COVID-19 on Europe Flexible Packaging PCB Market
Due to the covid-19 pandemic, restaurants have shifted to take-out and food deliveries during lockdowns, increasing demand for packaged food such as frozen meat, fish, and so on, necessitating the use of flexible packaging. Furthermore, the use of at-home refill packaging for home and personal care products has opened up a new market for flexible plastic refill pouches that reduce shipping weight and parcel size in transit. Furthermore, the COVID-19 pandemic has accelerated E-commerce growth, with many European consumers preferring online shopping over lockdown. Furthermore, as consumer concerns about packaging have grown as a result of E-commerce, there has been an increase in demand in the region for sustainable, flexible packaging
Competitive Landscape
The leading market players in the Europe Flexible Packaging Market are Amcor Plc, Berry Global Group Inc., Mondi Group, Sealed Air Corporation, Constantia Flexibles, Coveris Holding SA, Transcontinental Inc., HuhtamakiOyj, Sonoco Products Company, Ahlstrom-MunksjoOyj, Greif, Inc., Westrock Company, AptarGroup, Inc.. FlexPak Services LLC, Al Invest Bridlicnaa.s. The Europe Flexible Packaging Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.
Don't miss the business opportunity in the Europe Flexible Packaging Market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Europe Flexible Packaging Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Europe Flexible Packaging Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
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Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. Europe Flexible Packaging Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Advancement/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
5. Europe Flexible Packaging Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Material
- 5.2.1.1. Plastics
- 5.2.1.2. Paper
- 5.2.1.3. Aluminum Foils
- 5.2.1.4. Others
- 5.2.2. By Product Type
- 5.2.2.1. Pouches
- 5.2.2.2. Bags
- 5.2.2.3. Films and Wraps
- 5.2.2.4. Others
- 5.2.3. By Application
- 5.2.3.1. Food and Beverages
- 5.2.3.2. Medical and Pharmaceutical
- 5.2.3.3. Personal Care and Cosmetic
- 5.2.3.4. Industrial
- 5.2.3.5. Others
- 5.2.4. By Country
- 5.2.4.1. Germany
- 5.2.4.2. United Kingdom
- 5.2.4.3. Italy
- 5.2.4.4. France
- 5.2.4.5. Spain
- 5.2.4.6. Rest of Europe
- 5.2.1. By Material
6. Germany Flexible Packaging Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Material
- 6.2.2. By Product Type
- 6.2.3. By Application
7. United Kingdom Flexible Packaging Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Material
- 7.2.2. By Product Type
- 7.2.3. By Application
8. Italy Flexible Packaging Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Material
- 8.2.2. By Product Type
- 8.2.3. By Application
9. France Flexible Packaging Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Material
- 9.2.2. By Product Type
- 9.2.3. By Application
10. Spain Flexible Packaging Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Material
- 10.2.2. By Product Type
- 10.2.3. By Application
11. Rest of Europe Flexible Packaging Market
- 11.1. Market Size & Forecast by Value, 2018-2028
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Material
- 11.2.2. By Product Type
- 11.2.3. By Application
12. Competitive Landscape
- 12.1. List of Key Players and Their Offerings
- 12.2. Market Share Analysis, 2021
- 12.3. Competitive Benchmarking, By Operating Parameters
- 12.4. Key Strategic Development (Merger, Acquisition, Partnership.)
13. Impact of Covid-19 on Europe Flexible Packaging Industry
14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 14.1. Amcor Plc
- 14.2. Berry Global Group Inc.
- 14.3. Mondi Group
- 14.4. Sealed Air Corporation
- 14.5. Constantia Flexibles
- 14.6. Coveris Holding SA
- 14.7. Transcontinental Inc.
- 14.8. HuhtamakiOyj
- 14.9. Sonoco Products Company
- 14.10. Ahlstrom-MunksjoOyj
- 14.11. Greif, Inc.
- 14.12. Westrock Company
- 14.13. AptarGroup, Inc.
- 14.14. FlexPak Services LLC
- 14.15. Al Invest Bridlicnaa.s.
15. Key Strategic Recommendations
List of Figures
- Figure 1 Europe Flexible Packaging Segmentation
- Figure 2 Europe Flexible Packaging Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Europe Flexible Packaging Market Size, By Value (USD Million), 2018-2028
- Figure 5 Europe Flexible Packaging Market Share, By Material, By Value, 2018-2028
- Figure 6 Europe Flexible Packaging Market Share, By Product Type, By Value, 2018-2028
- Figure 7 Europe Flexible Packaging Market Share, By Application, By Value, 2018-2028
- Figure 8 Europe Flexible Packaging Market Share, By Country, By Value, 2018-2028
- Figure 9 Germany Flexible Packaging Market Size, By Value (USD Million), 2018-2028
- Figure 10 Germany Flexible Packaging Market Share, By Material, By Value, 2018-2028
- Figure 11 Germany Flexible Packaging Market Share, By Product Type, By Value, 2018-2028
- Figure 12 Germany Flexible Packaging Market Share, By Application, By Value, 2018-2028
- Figure 13 United Kingdom Flexible Packaging Market Size, By Value (USD Million), 2018-2028
- Figure 14 United Kingdom Flexible Packaging Market Share, By Material, By Value, 2018-2028
- Figure 15 United Kingdom Flexible Packaging Market Share, By Product Type, By Value, 2018-2028
- Figure 16 United Kingdom Flexible Packaging Market Share, By Application, By Value, 2018-2028
- Figure 17 Italy Flexible Packaging Market Size, By Value (USD Million), 2018-2028
- Figure 18 Italy Flexible Packaging Market Share, By Material, By Value, 2018-2028
- Figure 19 Italy Flexible Packaging Market Share, By Product Type, By Value, 2018-2028
- Figure 20 Italy Flexible Packaging Market Share, By Application, By Value, 2018-2028
- Figure 21 France Flexible Packaging Market Size, By Value (USD Million), 2018-2028
- Figure 22 France Flexible Packaging Market Share, By Material, By Value, 2018-2028
- Figure 23 France Flexible Packaging Market Share, By Product Type, By Value, 2018-2028
- Figure 24 France Flexible Packaging Market Share, By Application, By Value, 2018-2028
- Figure 25 Spain Flexible Packaging Market Size, By Value (USD Million), 2018-2028
- Figure 26 Spain Flexible Packaging Market Share, By Material, By Value, 2018-2028
- Figure 27 Spain Flexible Packaging Market Share, By Product Type, By Value, 2018-2028
- Figure 28 Spain Flexible Packaging Market Share, By Application, By Value, 2018-2028
- Figure 29 Rest of Europe Flexible Packaging Market Size, By Value (USD Million), 2018-2028
- Figure 30 Rest of Europe Flexible Packaging Market Share, By Material, By Value, 2018-2028
- Figure 31 Rest of Europe Flexible Packaging Market Share, By Product Type, By Value, 2018-2028
- Figure 32 Rest of Europe Flexible Packaging Market Share, By Application, By Value, 2018-2028
List of Tables
- Table 1 Europe Flexible Packaging Market Size, By Material, By Value, 2018-2028
- Table 2 Europe Flexible Packaging Market Size, By Product Type, By Value, 2018-2028
- Table 3 Europe Flexible Packaging Market Size, By Application, By Value, 2018-2028
- Table 4 Europe Flexible Packaging Market Size, By Country, By Value, 2018-2028
- Table 5 Germany Flexible Packaging Market Size, By Material, By Value, 2018-2028
- Table 6 Germany Flexible Packaging Market Size, By Product Type, By Value, 2018-2028
- Table 7 Germany Flexible Packaging Market Size, By Application, By Value, 2018-2028
- Table 8 United Kingdom Flexible Packaging Market Size, By Material, By Value, 2018-2028
- Table 9 United Kingdom Flexible Packaging Market Size, By Product Type, By Value, 2018-2028
- Table 10 United Kingdom Flexible Packaging Market Size, By Application, By Value, 2018-2028
- Table 11 Italy Flexible Packaging Market Size, By Material, By Value, 2018-2028
- Table 12 Italy Flexible Packaging Market Size, By Product Type, By Value, 2018-2028
- Table 13 Italy Flexible Packaging Market Size, By Application, By Value, 2018-2028
- Table 14 France Flexible Packaging Market Size, By Material, By Value, 2018-2028
- Table 15 France Flexible Packaging Market Size, By Product Type, By Value, 2018-2028
- Table 16 France Flexible Packaging Market Size, By Application, By Value, 2018-2028
- Table 17 Spain Flexible Packaging Market Size, By Material, By Value, 2018-2028
- Table 18 Spain Flexible Packaging Market Size, By Product Type, By Value, 2018-2028
- Table 19 Spain Flexible Packaging Market Size, By Application, By Value, 2018-2028
- Table 20 Rest of Europe Flexible Packaging Market Size, By Material, By Value, 2018-2028
- Table 21 Rest of Europe Flexible Packaging Market Size, By Product Type, By Value, 2018-2028
- Table 22 Rest of Europe Flexible Packaging Market Size, By Application, By Value, 2018-2028
- Table 23 Amcor Plc Company Overview
- Table 24 Amcor Plc Financial Overview
- Table 25 Berry Global Group Inc. Company Overview
- Table 26 Berry Global Group Inc. Financial Overview
- Table 27 Sealed Air Corporation Company Overview
- Table 28 Sealed Air Corporation Financial Overview
- Table 29 Constantia Flexibles Company Overview
- Table 30 Constantia Flexibles Financial Overview
- Table 31 Transcontinental Inc. Company Overview
- Table 32 Transcontinental Inc. Financial Overview
- Table 33 Sonoco Products Company Company Overview
- Table 34 Sonoco Products Company Financial Overview
- Table 35 Ahlstrom-MunksjoOyj Company Overview
- Table 36 Ahlstrom-MunksjoOyj Financial Overview
- Table 37 Greif, Inc. Company Overview
- Table 38 Greif, Inc. Financial Overview
- Table 39 Westrock Company Company Overview
- Table 40 Westrock Company Financial Overview
- Table 41 AptarGroup, Inc. Company Overview
- Table 42 AptarGroup, Inc. Financial Overview
- Table 43 FlexPak Services LLC Company Overview
- Table 44 FlexPak Services LLC Financial Overview
- Table 45 Al Invest Bridlicnaa.s. Company Overview
- Table 46 Al Invest Bridlicnaa.s. Financial Overview
