PUBLISHER: Lucintel | PRODUCT CODE: 1418544
PUBLISHER: Lucintel | PRODUCT CODE: 1418544
Flexible Plastic Packaging Trends and Forecast
The future of the global flexible plastic packaging market looks promising with opportunities in the food, beverage, pharmaceutical & healthcare, and personal care & cosmetic markets. The global flexible plastic packaging market is expected to reach an estimated $165.5 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing demand from end-use industries and e-commerce sales, cost-effectiveness and extended product shelf life, and flexible plastics can be readily shaped into various pouches, bags, wraps, and films adapting to diverse product types and packaging needs.
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Flexible Plastic Packaging by Segment
The study includes a forecast for the global flexible plastic packaging by packaging type, material, technology, end use, and region.
List of Flexible Plastic Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies flexible plastic packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the flexible plastic packaging companies profiled in this report include-
Flexible Plastic Packaging Market Insights
Lucintel forecasts that pouch is expected to witness the highest growth over the forecast period because they are simple to use, heat sealable, and available in a variety of sizes and forms.
APAC is expected to witness highest growth over the forecast period due to the region's expanding population provides a large client base for fast-moving consumer items and food and drinks.
Features of the Global Flexible Plastic Packaging Market
Market Size Estimates: Flexible plastic packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Flexible plastic packaging market size by packaging type, material, technology, end use, and region in terms of value ($B).
Regional Analysis: Flexible plastic packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different packaging type, material, technology, end use, and regions for the flexible plastic packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the flexible plastic packaging market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the flexible plastic packaging market size?
Answer: The global flexible plastic packaging market is expected to reach an estimated $165.5 billion by 2030.
Q2. What is the growth forecast for flexible plastic packaging market?
Answer: The global flexible plastic packaging market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the flexible plastic packaging market?
Answer: The major drivers for this market are increasing demand from end-use industries and e-commerce sales, cost-effectiveness and extended product shelf life, and flexible plastics can be readily shaped into various pouches, bags, wraps, and films adapting to diverse product types and packaging needs.
Q4. What are the major segments for flexible plastic packaging market?
Answer: The future of the global flexible plastic packaging market looks promising with opportunities in the food, beverage, pharmaceutical & healthcare, and personal care & cosmetic markets.
Q5. Who are the key flexible plastic packaging market companies?
Answer: Some of the key flexible plastic packaging companies are as follows.
Q6. Which flexible plastic packaging market segment will be the largest in future?
Answer: Lucintel forecasts that pouch is expected to witness the highest growth over the forecast period because they are simple to use, heat sealable, and available in a variety of sizes and forms.
Q7. In flexible plastic packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the region's expanding population provides a large client base for fast-moving consumer items and food and drinks.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.