Flexible Packaging Market

The global flexible packaging market is estimated to be valued at USD 298.11 Bn in 2024, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. Flexible packaging refers to packages or pouches produced using various materials like plastics, paper, aluminum foil, or cellophane that are suitable for packaging consumer goods, food, pharmaceuticals, and several industrial products. Flexible packaging provides consumer convenience as they allow re-sealing and dispensing of contents efficiently. They extend shelf life while protecting products from damage and contamination. The growing demand from end-use industries like food, beverages, personal care, and pharmaceuticals is expected to drive the global flexible packaging market during the forecast period. Market Dynamics:

Increasing demand from the food industry for lightweight, tamper-proof, and easy-to-carry packaging solutions is expected to drive the market over the forecast period. The growing demand for smaller pack sizes suitable for on-the-go consumption backed by changing consumer lifestyles and increased snacking trends are anticipated to propel the flexible packaging market. However, concerns regarding harmful impacts of plastics waste on the environment are expected to restrain the market growth. Development of bio-based and sustainable flexible packaging using renewable resources can create opportunities for manufacturers. The implementation of stringent regulations aimed at polystyrene plastic disposal and recycling may challenge industry players to develop affordable green alternatives.

 Key Features of the Study:

• This report provides an in-depth analysis of the global flexible packaging market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global flexible packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Amcor plc, Mondi Group, Huhtamaki Flexible Packaging, Sonoco Products Company, SEE, Constantia Flexibles, Bemis Manufacturing Company, UKrMetal, ProAmpac, Berry Global Inc, FlexPak Services, Transcontinental Inc., Coveris, DS Smith, American Packaging Corporation, InterFlex Group, FLEX-PACK ENGINEERING, INC., Innovia Films, Cosmo Films, and Novolex
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global flexible packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global flexible packaging market

Detailed Segmentation-

• By Material:
• • Plastic
  • Paper
  • Metal
  • Bioplastics
  • Others
• By Product Type:
• • Stand-up Pouches
  • Vacuum Pouches
  • Retort Pouches
  • Converted Roll Stock
  • Gusseted Bags
  • Wicketed Bags
  • Laminated Tubes
  • Squeezable Bottles
  • Others
• By Age Group:
• • Food & Beverage
  • Pharmaceutical
  • Cosmetics
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Amcor plc
  • Mondi Group
  • Huhtamaki Flexible Packaging
  • Sonoco Products Company
  • SEE
  • Constantia Flexibles
  • Bemis Manufacturing Company
  • UKrMetal
  • ProAmpac
  • Berry Global Inc
  • FlexPak Services
  • Transcontinental Inc.
  • Coveris
  • DS Smith
  • American Packaging Corporation
  • InterFlex Group
  • FLEX-PACK ENGINEERING, INC.
  • Innovia Films
  • Cosmo Films
  • Novolex