Flexible Packaging Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Chemicals & Materials


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Flexible Packaging Demand Mostly Reliant on Cost-effectiveness and Convenience

The global packaging industry has witnessed exponential growth in recent years, especially since the creation of flexible films. Flexible packaging allows packaging to take shape as per the product or as desired to suit the said requirements. This kind of packaging is often found in non-rigid structures such as tubes, pouches, shrink films, bags, and carded packaging.

The flexible packaging industry is one of the most vibrant segments of the packaging industry, owing to its increased functional benefits. Ease of handling and storage, convenience, and overall cost savings are some of the major factors that have contributed to the flexible packaging’s continued success. The global flexible packaging market has cemented itself in the packaging industry with its positive attributes and numerous technical developments. Apart from this, cost, source reduction advantages, and performance coupled with the high barrier resins and value-added features have tremendously contributed to the growth of the flexible packaging over the rigid packaging.

Evolving Landscape of Food and Beverage Industry to Benefit Flexible Packaging Market

The evolving food and beverage industry is expected to contribute more than 50% of the total demand for flexible packaging globally. The majority of the key players operating in the food and beverage industry are shifting towards the utilization of flexible packaging units as a replacement for traditional rigid packaging formats to provide improved storage efficiency, marketability, and source reduction. Additionally, convenience features and the utilization of high-performance materials are expected to aid gains in terms of volume, as these additions can make flexible packaging formats more competitive in more demanding applications, as compared to rigid packaging formats.

The emergence of dual-income families, shrinking household sizes, and the amplifying snacking trend are some of the demographic factors that have further promoted the demand for flexible packaging in the food and beverage industry. Pouches and lightweight bags are expected to witness increased demand for the unit packaging of different food products including frozen food, baked goods, meat and poultry, candies, and many others. The global food and beverage industry is also witnessing a major shift towards flexible packaging formats for products that contain high liquid contents, right from soups to cocktails. Convenience and ease of use, extended shelf life, food safety, environmental friendliness, branding functionality, and adaptability are the competitive benefits offered by flexible packaging formats to food and beverage brands across the market.

Pouches Segment to Dominate Global Flexible Packaging Market

By product type, the pouches segment is expected to witness the fastest gains in the forecast period, owing to the emerging trends that favor high-performance pouches over commodity types. Pouches are one of the most versatile flexible packaging formats in different industrial applications that can stand upright on shelves and providing the intended air-tight closures, ease of handling, and food safety.

The increasing demand for pouches is also triggered by its ability to provide multiple layers of protection that are customizable to accommodate a variety of products. Majority of the companies operating in the food and beverage industry are increasingly adopting the use of pouches, so as to ensure food safety and extended shelf life. Pouches also offer the flexibility of being tailored to offer customized sizes, styles, and designs to attract customers. These are the major factors contributing to the high growth rate of pouches in the global flexible packaging market.

Asia Pacific Anticipated to Hold Potential Opportunities for Flexible Packaging Market

Asia Pacific is expected to dominate the global packaging industry, accounting for more than 35% of the global share in the flexible packaging market. This can be attributed to the rapid pace of urbanization, dynamically growing middle class, economic growth, rising disposable income, booming e-commerce, and increased preference for ready-to-eat meals and smaller packaging units, especially in the developing countries such as India, China, Japan, and few others. The aging demographic in these countries are expected to trigger the growth in pharmaceutical, medical, and hospital packaging.

The increasingly sophisticated and growing flexible packaging industry and upstream supply base have heightened the expectations for flexible packaging in these countries. According to the IBEF, India is a high potential market for the processed food industry owing to its large population, which further stimulates the demand for flexible packaging. The well-organized retail industry, the emergence of hypermarkets/supermarkets, and the supporting government policies are the factors that will further boost the development of flexible packaging market in this country.

Competitive Landscape: Slightly Fragmented Market Structure  

Some of the key players operating in the flexible packaging market are Amcor PLC, Ampac Holdings, Wheel Flexible Packaging, Eagle Flexible Packaging, Sanjeev Flexi-Pack Pvt. Ltd., UFlex Limited, Constantia Flexibles Group GmbH, Sonoco Products Company, Bemis Company, Inc., Mondi Group, Coveris Holdings S.A., Clondalkin Group Holdings B.V., Sealed Air Corporation, ProAmpac, and few others. Majority of the key players are focusing on business expansion through different strategies including acquisitions, partnerships, mergers product-development strategies.

Some key developments witnessed in the flexible packaging market are:

  • In June 2019, Amcor announced the acquisition of Bemis Company Inc. to strengthen its position in the global packaging industry.
  • In 2018, Constantia Flexibles Group announced the acquisition of majority of shares of Creative Polypack Limited. Creative Polypack limited is one of the India’s leading organization’s operating in the flexible packaging market. With this acquisition, the company strengthened its position in the Asian packaging market.

Regional Classification of the Global Flexible Packaging Market is Listed Below:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

 Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Flexible Packaging Market

  • Flexible Packaging Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2019 - 2022
  • Volume Consumption at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
     1.1. Global Flexible Packaging Market Snapshot
     1.2. Key Market Trends
     1.3. Future Projections
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
                    2.2.1.1. Driver A
                    2.2.1.2. Driver B
                    2.2.1.3. Driver C
            2.2.2. Restraints
                    2.2.2.1. Restraint 1
                    2.2.2.2. Restraint 2
            2.2.3. Market Opportunities Matrix
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
            2.5.1. Pre-covid and Post-covid Scenario
            2.5.2. Supply Impact
            2.5.3. Demand Impact
     2.6. Government Regulations
     2.7. Global Packaging Market - Overview
     2.8. Economic Analysis
     2.9. PESTLE

3. Production Output and Trade Statistics, 2019 - 2022
     3.1. Regional Production Statistics
            3.1.1. North America
            3.1.2. Europe
            3.1.3. Asia Pacific
            3.1.4. Latin America
            3.1.5. Middle East & Africa

4. Price Trends Analysis and Future Projects, 2019 - 2030
     4.1. Key Highlights
     4.2. Prominent Factors Affecting Prices
     4.3. By Material
     4.4. By Region

5. Global Flexible Packaging Market Outlook, 2019 - 2030
     5.1. Global Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            5.1.1. Key Highlights
                    5.1.1.1. Plastic
                             5.1.1.1.1. PP
                             5.1.1.1.2. PE
                             5.1.1.1.3. PVC
                             5.1.1.1.4. PET
                             5.1.1.1.5. EVA
                             5.1.1.1.6. BOPP
                             5.1.1.1.7. Misc.
                    5.1.1.2. Aluminum Foil
                    5.1.1.3. Paper
                    5.1.1.4. Misc.
     5.2. Global Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            5.2.1. Key Highlights
                    5.2.1.1. Food
                    5.2.1.2. Beverage
                    5.2.1.3. Medical & Pharmaceutical
                    5.2.1.4. Consumer Products
                    5.2.1.5. Personal Care
                    5.2.1.6. Pet Food
                    5.2.1.7. Baby Food
                    5.2.1.8. Retail (Non-food)
                    5.2.1.9. Industrial Applications
                    5.2.1.10. Misc. (Tobacco, etc.)
     5.3. Global Flexible Packaging Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            5.3.1. Key Highlights
                    5.3.1.1. North America
                    5.3.1.2. Europe
                    5.3.1.3. Asia Pacific
                    5.3.1.4. Latin America
                    5.3.1.5. Middle East & Africa
            5.3.2. BPS Analysis/Market Attractiveness Analysis

6. North America Flexible Packaging Market Outlook, 2019 - 2030
     6.1. North America Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            6.1.1. Key Highlights
                    6.1.1.1. Plastic
                             6.1.1.1.1. PP
                             6.1.1.1.2. PE
                             6.1.1.1.3. PVC
                             6.1.1.1.4. PET
                             6.1.1.1.5. EVA
                             6.1.1.1.6. BOPP
                             6.1.1.1.7. Misc.
                    6.1.1.2. Aluminum Foil
                    6.1.1.3. Paper
                    6.1.1.4. Misc.
     6.2. North America Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            6.2.1. Key Highlights
                    6.2.1.1. Food
                    6.2.1.2. Beverage
                    6.2.1.3. Medical & Pharmaceutical
                    6.2.1.4. Consumer Products
                    6.2.1.5. Personal Care
                    6.2.1.6. Pet Food
                    6.2.1.7. Baby Food
                    6.2.1.8. Retail (Non-food)
                    6.2.1.9. Industrial Applications
                    6.2.1.10. Misc. (Tobacco, etc.)
     6.3. North America Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            6.3.1. Key Highlights
                    6.3.1.1. U.S.
                    6.3.1.2. Canada
            6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Flexible Packaging Market Outlook, 2019 - 2030
     7.1. Europe Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            7.1.1. Key Highlights
                    7.1.1.1. Plastic
                             7.1.1.1.1. PP
                             7.1.1.1.2. PE
                             7.1.1.1.3. PVC
                             7.1.1.1.4. PET
                             7.1.1.1.5. EVA
                             7.1.1.1.6. BOPP
                             7.1.1.1.7. Misc.
                    7.1.1.2. Aluminum Foil
                    7.1.1.3. Paper
                    7.1.1.4. Misc.
     7.2. Europe Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            7.2.1. Key Highlights
                    7.2.1.1. Food
                    7.2.1.2. Beverage
                    7.2.1.3. Medical & Pharmaceutical
                    7.2.1.4. Consumer Products
                    7.2.1.5. Personal Care
                    7.2.1.6. Pet Food
                    7.2.1.7. Baby Food
                    7.2.1.8. Retail (Non-food)
                    7.2.1.9. Industrial Applications
                    7.2.1.10. Misc. (Tobacco, etc.)
     7.3. Europe Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            7.3.1. Key Highlights
                    7.3.1.1. Germany
                    7.3.1.2. France
                    7.3.1.3. U.K.
                    7.3.1.4. Italy
                    7.3.1.5. Spain
                    7.3.1.6. Russia
                    7.3.1.7. Rest of Europe
            7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Flexible Packaging Market Outlook, 2019 - 2030
     8.1. Asia Pacific Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            8.1.1. Key Highlights
                    8.1.1.1. Plastic
                             8.1.1.1.1. PP
                             8.1.1.1.2. PE
                             8.1.1.1.3. PVC
                             8.1.1.1.4. PET
                             8.1.1.1.5. EVA
                             8.1.1.1.6. BOPP
                             8.1.1.1.7. Misc.
                    8.1.1.2. Aluminum Foil
                    8.1.1.3. Paper
                    8.1.1.4. Misc.
     8.2. Asia Pacific Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            8.2.1. Key Highlights
                    8.2.1.1. Food
                    8.2.1.2. Beverage
                    8.2.1.3. Medical & Pharmaceutical
                    8.2.1.4. Consumer Products
                    8.2.1.5. Personal Care
                    8.2.1.6. Pet Food
                    8.2.1.7. Baby Food
                    8.2.1.8. Retail (Non-food)
                    8.2.1.9. Industrial Applications
                    8.2.1.10. Misc. (Tobacco, etc.)
     8.3. Asia Pacific Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            8.3.1. Key Highlights
                    8.3.1.1. China
                    8.3.1.2. Japan
                    8.3.1.3. South Korea
                    8.3.1.4. India
                    8.3.1.5. Southeast Asia
                    8.3.1.6. Rest of Asia Pacific
            8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Flexible Packaging Market Outlook, 2019 - 2030
     9.1. Latin America Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            9.1.1. Key Highlights
                    9.1.1.1. Plastic
                             9.1.1.1.1. PP
                             9.1.1.1.2. PE
                             9.1.1.1.3. PVC
                             9.1.1.1.4. PET
                             9.1.1.1.5. EVA
                             9.1.1.1.6. BOPP
                             9.1.1.1.7. Misc.
                    9.1.1.2. Aluminum Foil
                    9.1.1.3. Paper
                    9.1.1.4. Misc.
     9.2. Latin America Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            9.2.1. Key Highlights
                    9.2.1.1. Food
                    9.2.1.2. Beverage
                    9.2.1.3. Medical & Pharmaceutical
                    9.2.1.4. Consumer Products
                    9.2.1.5. Personal Care
                    9.2.1.6. Pet Food
                    9.2.1.7. Baby Food
                    9.2.1.8. Retail (Non-food)
                    9.2.1.9. Industrial Applications
                    9.2.1.10. Misc. (Tobacco, etc.)
     9.3. Latin America Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            9.3.1. Key Highlights
                    9.3.1.1. Brazil
                    9.3.1.2. Mexico
                    9.3.1.3. Rest of Latin America
            9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Flexible Packaging Market Outlook, 2019 - 2030
     10.1. Middle East & Africa Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            10.1.1. Key Highlights
                    10.1.1.1. Plastic
                             10.1.1.1.1. PP
                             10.1.1.1.2. PE
                             10.1.1.1.3. PVC
                             10.1.1.1.4. PET
                             10.1.1.1.5. EVA
                             10.1.1.1.6. BOPP
                             10.1.1.1.7. Misc.
                    10.1.1.2. Aluminum Foil
                    10.1.1.3. Paper
                    10.1.1.4. Misc.
     10.2. Middle East & Africa Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            10.2.1. Key Highlights
                    10.2.1.1. Food
                    10.2.1.2. Beverage
                    10.2.1.3. Medical & Pharmaceutical
                    10.2.1.4. Consumer Products
                    10.2.1.5. Personal Care
                    10.2.1.6. Pet Food
                    10.2.1.7. Baby Food
                    10.2.1.8. Retail (Non-food)
                    10.2.1.9. Industrial Applications
                    10.2.1.10. Misc. (Tobacco, etc.)
     10.3. Middle East & Africa Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
            10.3.1. Key Highlights
                    10.3.1.1. GCC
                    10.3.1.2. South Africa
                    10.3.1.3. Rest of Middle East & Africa
            10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
     11.1. Company Market Share Analysis, 2021
     11.2. Competitive Dashboard
     11.3. Company Profiles
            11.3.1. Berry Global Inc.
                    11.3.1.1. Company Overview
                    11.3.1.2. Product Portfolio
                    11.3.1.3. Financial Overview
                    11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
            11.3.2. Amcor
            11.3.3. Mondi Group
            11.3.4. Crown Holdings, Inc.
            11.3.5. WestRock
            11.3.6. Constantia Flexibles
            11.3.7. Sealed Air
            11.3.8. Ball Corp
            11.3.9. Clondalkin Group
            11.3.10. Tetra Pak International S.A.
            11.3.11. International Paper Co.
            11.3.12. Huhtamäki Oyj
            11.3.13. Sonoco
            11.3.14. Oji Holdings
            11.3.15. Stora Enso
            11.3.16. Coveris Holding S.A
            11.3.17. PKGMAKER

12. Appendix
     12.1. Research Methodology
     12.2. Report Assumptions
     12.3. Acronyms and Abbreviations

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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