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PUBLISHER: Grand View Research | PRODUCT CODE: 1404712
PUBLISHER: Grand View Research | PRODUCT CODE: 1404712
Flexible Packaging Market Size, Share & Trends Analysis Report By Material (Plastics, Paper, Metal, Bioplastics), By Product (Pouches, Bags), By Application (Food & Beverage, Pharmaceutical), By Region, And Segment Forecasts, 2024 - 2030
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Flexible Packaging Market Growth & Trends:
The global flexible packaging market size is expected to reach USD 373.34 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.7% from 2024 to 2030.This market growth is owing to the growing importance of increasing food shelf life and growing adoption of sustainable and cost-effective packaging by end-users.
The shelf life of food products depends on factors such as storage conditions, packaging material, and exposure to microorganisms, oxygen, light, and moisture. The flexible packaging consists of plastic films with high barrier properties. The high-barrier properties efficiently block the transmission of moisture, light, and oxygen from contacting sensitive foods. Furthermore, the reseal closure products featured flexible packaging that allow users to securely close the bags or pouches, ensuring the freshness of the packaged food products over several uses.
In addition, flexible packaging consumes less energy compared to rigid packaging during manufacturing and transportation. According to the Flexible Packaging Association, 50% less energy is required to produce a flexible pouch compared to a rigid container of a similar size. In addition, flexible packaging weighs lighter compared to rigid packaging, thus resulting in less fuel consumption during transportation. According to the Flexible Packaging Association, one truckload of flexible pouches can hold the same amount of product as 26 truckloads of rigid containers.
The industry players are adopting several strategies including partnerships, expansions, mergers & acquisitions, joint ventures, new product launches, and partnership agreements to increase the customer base and individual market share. For instance, in May 2023, Amcor plc inked an agreement to acquire New Zealand-based automated protein packaging machines manufacturer, Moda Systems. This acquisition is expected to provide Amcor plc with a new option related to equipment in automated protein products packaging, making it the only flexible packaging manufacturer to own high-speed rotary equipment for packaging fresh meat.
Flexible Packaging Market Report Highlights:
- The rapid growth of e-commerce sector globally creates opportunities for flexible packaging manufacturers to cater to the specific needs of online retail businesses. Companies that develop packaging solutions to protect products during transit, reduce damage, and improve unboxing experiences can gain a competitive advantage in the e-commerce market
- The growing number of medical device manufacturers and ongoing research on new packaging materials is driving the market for medical flexible packaging. The strong healthcare infrastructure coupled with growing healthcare spending in the public sector is expected to have a positive impact on market demand
- The pouches segment is expected to grow at a CAGR of 5.2% over the forecast period 2024-2030. This is owing to the pouches being resealable and a cost-effective alternative to metal, cardboard, and glass containers for packaging solutions
- Food & beverage was the largest application segment, accounting for 55.9% of global volume share in 2023. Growing demand for packaged foods, including ready-to-eat meals, frozen meals, snack foods, and cake mixes, is expected to force flexible packaging manufacturers to increase production capacity, thus augmenting market for flexible packaging demand over the forecast period
- Asia Pacific recorded a higher market share in 2023 owing to factors such as rising population, rising income levels, and changing lifestyles are expected to drive consumption of the packaged food cosmetics, and pharmaceutical products resulting in increased demand for flexible packaging solutions
- Several key companies are collaborating to strengthen their market positions in the flexible packaging industry. For instance, in June 2023, Coveris acquired Poland-based D.K. LAMIN, a manufacturer of flexible packaging laminated films and converted products. With an emphasis on value-added medical packaging, home and personal care food, and pet food, D.K. LAMIN's experience and product offerings integrate with Coveris' existing product portfolio, particularly complementing its pet food growth goal
Product Code: 978-1-68038-504-5
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Research Methodology
- 1.2 Research Assumptions
- 1.3 Market Segmentation
- 1.4 Information Procurement
- 1.4.1 Purchased Database
- 1.4.2 Gvr's Internal Database
- 1.4.3 Secondary Sources
- 1.4.4 Third Party Perspective
- 1.4.5 Primary Research
- 1.5 Information Analysis & Data Analysis Models
- 1.6 Market Formulation And Data Visualization
- 1.7 List Of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segmental Outlook
- 2.3 Competitive Outlook
Chapter 3 Global Flexible Packaging Market Variables, Trends, And Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Packaging Market Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Industry Value Chain Analysis
- 3.3.1 Raw Material Trends
- 3.3.1.1 Aluminum Foil
- 3.3.1.2 Kraft Paper
- 3.3.2 Raw Material Price Analysis
- 3.3.2.1 Aluminum Foil
- 3.3.2.2 Kraft Paper
- 3.3.1 Raw Material Trends
- 3.4 Technology Overview
- 3.4.1 Lamination
- 3.4.2 Coextrusion
- 3.4.3 Technology Trends
- 3.4.3.1 Smart Packaging
- 3.4.3.2 Use of Sustainable Materials
- 3.4.4 Manufacturing Trends
- 3.5 Regulatory Framework
- 3.5.1 Standard And Codes
- 3.5.2 Safety
- 3.6 De-Aluminum Bags & Their Impact On The Environment
- 3.6.1 Regulations On De-Aluminum, By Institutions
- 3.6.1.1 Food And Drug Administration (FDA) In The United States
- 3.6.1.2 European Food Safety Authority (EFSA)
- 3.6.1.3 Consumer Product Safety Commission (CPSC)
- 3.6.1 Regulations On De-Aluminum, By Institutions
- 3.7 Market Dynamics
- 3.7.1 Market Driver Impact Analysis
- 3.7.1.1 Growing Importance Of Increasing Food Shelf Life And Reducing Food Wastage
- 3.7.1.2 Growing Adoption Of Sustainable And Cost-Effective Packaging By End Users
- 3.7.2 Market Restraint Analysis
- 3.7.2.1 Fluctuations In Raw Materials Prices
- 3.7.3 Market Opportunities Analysis
- 3.7.3.1 Growth Of E-Commerce Sector
- 3.7.4 Market Challenges Analysis
- 3.7.4.1 Natural Disasters And Large-Scale Animal Health Issues Affecting The Food Industry
- 3.7.1 Market Driver Impact Analysis
- 3.8 Business Environment Analysis
- 3.8.1 Industry Analysis - Porter's Five Forces Model
- 3.8.2 Pestle Analysis - Macro Economic Environment Analysis
- 3.9 Impact Of The Covid-19 Pandemic On The Flexible Packaging Market
- 3.10 Eastern European Geopolitical Implication Overview
- 3.11 Looming Inflation Concerns, Economic Slowdown, And Its Impact On The Market
Chapter 4 Flexible Packaging Market: Material Estimates & Trend Analysis
- 4.1 Material Movement Analysis & Market Share, 2022 & 2030
- 4.1.1 Flexible Packaging Market Estimates & Forecast, By Material (USD Billion)
- 4.1.2 Plastic
- 4.1.3 Paper
- 4.1.4 Metal
- 4.1.5 Bioplastic
Chapter 5 Flexible Packaging Market: Product Estimates & Trend Analysis
- 5.1 Product Movement Analysis & Market Share, 2022 & 2030
- 5.2 Flexible Packaging Market Estimates & Forecast, By Product (USD Billion)
- 5.2.1 Pouches
- 5.2.1.1 Retort Pouches
- 5.2.1.2 Refill Pouch
- 5.2.2 Bags
- 5.2.3 Films & Wraps
- 5.2.3.1 Stretch And Shrink Labels
- 5.2.4 Others
- 5.2.1 Pouches
Chapter 6 Flexible Packaging Industry Market: Application Estimates & Trend Analysis
- 6.1 Application Movement Analysis & Market Share, 2022 & 2030
- 6.2 Flexible Packaging Market Estimates & Forecast, By Application (USD Billion)
- 6.2.1 Food & Beverage
- 6.2.2 Pharmaceutical
- 6.2.3 Cosmetics
- 6.2.4 Others
Chapter 7 Global Flexible Packaging Market: Regional Estimates & Trend Analysis
- 7.1 Flexible Packaging Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2 U.S.
- 7.2.2.1 U.S. Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.3 Canada
- 7.2.3.1 Canada Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.4 Mexico
- 7.2.4.1 Mexico Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3 Europe
- 7.3.1 Europe Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2 Germany
- 7.3.2.1 Germany Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3 UK
- 7.3.3.1 UK Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.4 France
- 7.3.4.1 France Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.5 Italy
- 7.3.5.1 Italy Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.6 Spain
- 7.3.6.1 Spain Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2 China
- 7.4.2.1 China Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3 India
- 7.4.3.1 India Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.4 Japan
- 7.4.4.1 Japan Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5 Australia
- 7.4.5.1 Australia Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.6 South Korea
- 7.4.6.1 South Korea Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.7 Thailand
- 7.4.7.1 Thailand Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.8 Indonesia
- 7.4.8.1 Indonesia Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.9 Singapore
- 7.4.9.1 Singapore Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.10 Vietnam
- 7.4.10.1 Vietnam Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.11 Myanmar
- 7.4.11.1 Myanmar Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.12 Malaysia
- 7.4.12.1 Malaysia Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5 Central & South America
- 7.5.1 Central & South America Flexible Packaging Market Estimates & Forecasts, 2018-2030 (USD Million)
- 7.5.2 Brazil
- 7.5.2.1 Brazil Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5.3 Argentina
- 7.5.3.1 Argentina Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6 Middle East & Africa
- 7.6.1 Middle East & Africa Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2 South Africa
- 7.6.2.1 South Africa Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3 Saudi Arabia
- 7.6.3.1 Saudi Arabia Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Chapter 8 Flexible Packaging Market - Competitive Landscape
- 8.1 Recent Developments & Impact Analysis, By Key Market Participants
- 8.2 Vendor Landscape
- 8.2.1 List Of Key Distributors & Channel Partners
- 8.2.2 List Of Potential Customers
- 8.3 Company Categorization
- 8.4 Participant's Overview
- 8.5 Financial Performance
- 8.6 Product Benchmarking
- 8.6.1. Amcor plc
- 8.6.2. Mondi Group
- 8.6.3. Huhtamaki Flexible Packaging
- 8.6.4. Sonoco Products Company
- 8.6.5. SEE
- 8.6.6. Constantia Flexibles
- 8.6.7. Bemis Manufacturing Company
- 8.6.8. UKrMetal
- 8.6.9. ProAmpac
- 8.6.10. Wipak Group
- 8.6.11. Berry Global Inc
- 8.6.12. FlexPak Services
- 8.6.13. Transcontinental Inc.
- 8.6.14. Coveris
- 8.6.15. DS Smith
- 8.6.16. American Packaging Corporation
- 8.6.17. InterFlex Group
- 8.6.18. FLEX-PACK ENGINEERING, INC.
- 8.6.19. Innovia Films
- 8.6.20. Cosmo Films
- 8.6.21. Novolex
- 8.6.22. Sigma Plastics Group
- 8.6.23. Graphic Packaging International, LLC
- 8.6.24. Bischof+Klein SE & Co. KG
- 8.6.25. Sudpack
- 8.7 Competitive Dynamics
- 8.7.1 Company Market Positioning
- 8.7.2 Company Market Share Analysis
- 8.7.4 Company Heat Map Analysis & Benchmarking
- 8.7.5 Strategy Mapping
- 8.7.5.1 Expansion
- 8.7.5.2 Collaboration
- 8.7.5.3 Mergers & Acquisition
- 8.7.5.4 New Product/Facility Launches
- 8.7.5.5 Research & Development
- 8.7.5.6 Others
Product Code: 978-1-68038-504-5
List of Tables
- Table 1 Flexible Packaging Market Revenue Estimates and Forecast, By Material, 2018 - 2030 (USD Billion)
- Table 2 Flexible Packaging Market Revenue Estimates and Forecast, By Product, 2018 - 2030 (USD Billion)
- Table 3 Flexible Packaging Market Revenue Estimates and Forecast, by Application, 2018 - 2030 (USD Billion)
- Table 4 Recent Developments & Impact Analysis, By Key Market Participants
- Table 5 Company Heat Map Analysis & Benchmarking
- Table 6 Key Companies Undergoing Expansions
- Table 7 Key Companies Undergoing Collaborations
- Table 8 Key Companies Undergoing Collaborations
- Table 9 Key Companies Launching New Products
- Table 10 Key Companies Undertaking R&D Activities
List of Figures
- Fig. 1 Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Primary Research Pattern
- Fig. 4 Primary Research Process
- Fig. 5 Market Research Approaches - Bottom-Up Approach
- Fig. 6 Market Research Approaches - Top-Down Approach
- Fig. 7 Market Research Approaches - Combined Approach
Fig. 8 Global Flexible Packaging Market: Market Outlook (USD Billion)
Fig. 9 Global Flexible Packaging Market: Segmental Outlook (USD Billion) (1/2)
Fig. 10 Global Flexible Packaging Market: Segmental Outlook (USD Billion) (2/2)
- Fig. 11 Global Flexible Packaging Market: Competitive Outlook
- Fig. 12 Global Packaging Market, 2022 (USD Billion)
- Fig. 13 Global Flexible Packaging: Penetration & Growth Prospect Mapping
- Fig. 14 Global Flexible Packaging Market: Value chain analysis
- Fig. 15 Global Aluminum Foil Price Trend in USD/kg, 2017 to 2022
- Fig. 16 Global Kraft Paper Price Trend in USD/kg, 2017 to 2022
- Fig. 17 Flexible Packaging Market: Extrusion Lamination Manufacturing Process Diagram
- Fig. 18 Flexible Packaging Market: Adhesive Lamination Manufacturing Process Diagram
- Fig. 19 Canada Multilayer Flexible Packaging Market: Coextrusion Manufacturing Process Diagram
- Fig. 20 Flexible Packaging Market Dynamics
- Fig. 21 Flexible and Rigid Packaging Comparison
- Fig. 22 Crude Oil Prices -WTI and Brent, 2017-2022 (USD/Barrel)
- Fig. 23 Aluminum Prices, 2020-2022 (USD/mt)
- Fig. 24 Porter's Five Forces
- Fig. 25 PESTEL Analysis
- Fig. 26 Flexible Packaging Industry Market, by Material: Key Takeaways
- Fig. 27 Flexible Packaging Market, by Material: Market Share, 2022 & 2030
- Fig. 28 Flexible packaging market estimates & forecasts, by Metal, 2018 - 2030 (USD Billion)
- Fig. 29 Flexible packaging market estimates & forecasts, by paper, 2018 - 2030 (USD Billion)
- Fig. 30 Flexible packaging market estimates & forecasts, by metal, 2018 - 2030 (USD Billion)
- Fig. 31 Flexible packaging market estimates & forecasts, by bioMetal, 2018 - 2030 (USD Billion)
- Fig. 32 Flexible Packaging Market, by Product: Key Takeaways
- Fig. 33 Flexible Packaging Market, by Product: Market Share, 2022 & 2030
- Fig. 34 Flexible packaging market estimates & forecasts, by pouches, 2018 - 2030 (USD Billion)
- Fig. 35 Flexible packaging market estimates & forecasts, by retort pouches, 2018 - 2030 (USD Billion)
- Fig. 36 Flexible packaging market estimates & forecasts, by refill pouch, 2018 - 2030 (USD Billion)
- Fig. 37 Flexible packaging market estimates & forecasts, by bags, 2018 - 2030 (USD Billion)
- Fig. 38 Flexible packaging market estimates & forecasts, by films & wraps, 2018 - 2030 (USD Billion)
- Fig. 39 Flexible packaging market estimates & forecasts, by stretch and shrink labels, 2018 - 2030 (USD Billion)
- Fig. 40 Flexible packaging market estimates & forecasts, by others, 2018 - 2030 (USD Billion)
- Fig. 41 Flexible Packaging Industry Market, by Application: Key Takeaways
- Fig. 42 Flexible Packaging Market, by Application: Market Share, 2022 & 2030
- Fig. 43 Flexible packaging market estimates & forecasts, in food & beverages, 2018 - 2030 (USD Billion)
- Fig. 44 Flexible packaging market estimates & forecasts, in pharmaceutical, 2018 - 2030 (USD Billion)
- Fig. 45 Flexible packaging market estimates & forecasts, in cosmetics, 2018 - 2030 (USD Billion)
- Fig. 46 Flexible packaging market estimates & forecasts, in others, 2018 - 2030 (USD Billion)
- Fig. 47 Flexible Packaging Market Revenue, by Region, 2022 & 2030, (USD Billion)
- Fig. 48 Regional Marketplace: Key Takeaways (1/3)
- Fig. 49 Regional Marketplace: Key Takeaways (2/3)
- Fig. 50 Regional Marketplace: Key Takeaways (3/3)
- Fig. 51 North America flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 52 U.S. Flexible Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 53 Canada flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 54 Mexico flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 55 Europe flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 56 Germany flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 57 UK flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 58 France flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 59 Italy flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 60 Spain flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 61 Asia Pacific flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 62 China flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 63 India flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 64 Japan flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 65 Australia flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 66 South Korea flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 67 Middle East & Africa flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 68 South Africa flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 69 Saudi Arabia flexible packaging market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 70 Key Company Categorization
- Fig. 71 Company Market Positioning Analysis
- Fig. 72 Company Market Positioning Analysis
- Fig. 73 Strategic Framework
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