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Flexible Packaging Market - By Material (Polymer [Polyester, Polyethylene, Polystyrene, Polypropylene], Paper, Aluminum, Cellulosic), Product (Pillow, Stand-up) and Application (Food & Beverage, Personal Care, Healthcare, Industrial) ) - Global Forecast to 2032

  • Report ID: GMI1145
  • Published Date: Mar 2023
  • Report Format: PDF

Industry Statistics

Flexible Packaging Market size exceeded USD 285 billion in 2022 and is poised to observe more than 5.2% CAGR from 2023 to 2032.

Flexible Packaging Market

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Growing consumption of ready-to-eat and packed foods and changing eating habits of millennials will impact the demand for flexible packaging solutions. The advancements in the food processing sector have enabled the production of new types of packaged food products. The availability of local and exotic goods with long shelf lives is transforming customer food-buying behavior, driving market expansion in North America. The introduction of multiple technologies and ongoing research activities for food storage is anticipated to expand product penetration in the food and beverage sector.

Stringent regulations on polymer usage and recyclability could impede the growth of the global flexible packaging market. Polymers are extensively used across many industries including consumer products, packaging and coatings, medical equipment, electrical and electronics, building materials, and agriculture. Governing bodies and authorities have levied stringent rules and regulations on the usage of polymers used across multiple applications which could impact innovation in the flexible packaging sector.

Usage of polyethylene in food packaging to foster product demand

Flexible packaging market revenue from the polyethylene material segment is set to cross USD 156 billion by 2032. This growth is credited to the growing popularity as a substitute for glass and metals. Polymers such as polyvinyl chloride, polypropylene, polyethylene, and polyethylene terephthalate are used in antimicrobial food and beverage packaging. Polymers are helpful in food and carbonated drinks packaging due to their barrier capabilities which preserve the products’ freshness, lengthens their shelf life, and guard against contamination.

Ease of pillow pouches packaging to accelerate product adoption

Flexible Packaging Market By Product

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The pillow pouches segment is predicted to reach USD 175 billion by 2032. The pillow pouches segment is anticipated to grow owing to the rising demand for packaged foods and the affordability of these pouches. They are becoming more popular in the beverage sector for packaging alcohol because of their malleability and lightweight nature. The demand for easy-to-use packing solutions should drive the adoption of these bags. The growing trend of food consumption on the go is expected to fuel market development.

Home delivery of food & beverage products to surge demand for flexible packaging solutions

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market size of flexible packaging surpassed USD 285 billion in 2022 and is poised to witness more than 5% CAGR from 2023 to 2032.

The food & beverage segment is forecasted to record more than 5.4% growth rate from 2023 to 2032 due to the rising consumption of processed and packed foods and drinks across the globe.

Asia Pacific market is expected to reach USD 222 billion by 2032 owing to the emergence of new products, particularly in the frozen food category across the region.

Coveris Holdings S.A, Bemis, Sealed Air Corporation, Clondalkin Group Holdings B.V, ACTEGA GmbH, Loba Goglio Group, Plater AR Packaging, Schur Flexibles, and Flair Flexible Packaging Solution are some of the key players in the global market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 290
  • Countries covered: 24
  • Pages: 300
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