Home > Polymers & Advanced Materials > Flexible Packaging Market

Flexible Packaging Market Size By Material (Polymer [PE, PP, PET], Paper, Aluminum, Cellulosic), By Product (Pillow Pouches, Stand-up Pouches, Four Side Seal Pouches), By Application (Food & Beverage, Personal Care, Healthcare, Industrial), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016-2024

  • Report ID: GMI1145
  • Base Year: 2015
  • Report Format: PDF

Industry Trends

Global Flexible Packaging Market size was valued at over $150 billion in 2015 and is anticipated to witness over 5% CAGR up to 2024. Rising e-commerce industry is anticipated to propel the product application scope over the projected timeframe.

Flexible Packaging Market Overview

Get more details on this report - Request Free Sample PDF

Growing demand for packaging solutions across food & beverage, healthcare and personal care industries that ensures enhanced protection, handling convenience, and packaging design options is anticipated to drive the market demand. Factors such as ability of flexible packages to shape into pouch, bag, liner or overwrap will provide lucrative opportunities for industry participants. Food & beverage, and personal care companies demand for packages that adds value and marketability to their products. In addition, strong appeal for lighter-weight packaging will further propel flexible packaging product over the projected timeframe.

Increasing investment to support innovations in flexible packaging will support the overall market share expansion. New innovations and technology have enabled flexible packaging manufacturers to develop packages that ensures food safety, extend shelf life and provide barrier against moisture and heat. Key aspects such as ease of use, reseal ability and superior printing advantages will further propel the overall flexible packaging market growth. Additionally, ability of flexible packages to create shelf appeal and provide efficient product to package ratio will further offer growth prospects for industry expansion.

Global ecommerce industry was valued over USD 2.4 trillion in 2017 and registered growth of over 18% in 2018. Increase in online sales volume has escalated the demand for flexible packages as they are able to support huge range of product sizes and shapes. Strong demand for light packaging to reduce the transportation cost is further expected to support the flexible packaging market share.

Growing environmental concerns have triggered a paradigm shift towards sustainable packaging options. Production process of flexible packaging offers various ecofriendly solutions such as less waste, fewer natural resources for production, reduced water and energy consumption and less greenhouse gas emission. Efficiency of flexible packages to conserve resources and reduce environmental pollution will further provide positive outlook for flexible packaging market development as carbon neutral footprint is becoming part of business zeitgeist.

Stringent government norms and regulations regarding use of thermoplastic polymer will influence the flexible packaging market trends. For instance, under section 409 of the federal food, drug and cosmetic act, FDA regulates packaging materials with an aim to nullify negative effect of material on food item. Materials that are classified as safe (GRAS) substance under the above-mentioned act can be used for packaging purpose. Growing material cost, labor cost, and processing cost will hamper the market growth.

Market, By Material

Polymers accounted for more than 70% of the total industry share in 2015. Key benefits such as lightweight, low cost, high strength to weight ratio, and recyclable property have augmented the material demand. In addition, polymers ability to ensure product integrity will further accentuate the segment growth for the projected timeframe. Positive application outlook for meat, snack, baked goods, medical application pouches, and boil-in bag packaging owing to low temperature performance and durability will fuel the segment growth.

Aluminium material is anticipated to witness significant gains over 5.2% by 2024. Key benefits including chemical inertness along with resistance to gases and vapours fueling the material demand. Advantages such as decorative potential and high-resolution printability will further support the application scope as it offers distinctive visual appearance and easy brand recognition. Growing application of aluminium foil in confectionary segment for wrapping chocolates and sweets is likely to support the segment growth. Also, versatility of aluminum foil to support complicated product shapes will further augment the overall flexible packaging market.

Market, By Product

Flexible Packaging Market by Product

Get more details on this report - Request Free Sample PDF

Pillow pouches registered sales of over $55 billion in 2015. Versatile design options that can easily accommodate products in solid, liquid and powder form fueling the segment growth. Convenience features such as tear notches, and resealable feature, will also upsurge the product demand over the projected period. Flexographic printing, low-cost and convenience are certain key factors that will further boost the segment growth.

Stand up pouches will witness over 6% CAGR up to 2024. Key aspects such as structural and functional stability, accessibility, and superior protection against vapor, odour moisture and pest fuelling product demand. Strong visual shelf appeal and low cost is anticipated to fuel product adoption rate among manufacturers and end users. Stand up pouches can be displayed via optional round and sombrero shaped hanged holes which can help to influence consumer sale at point of sale counter.

Market, By Application

Flexible Packaging Market by Application

Get more details on this report - Request Free Sample PDF

Food & beverage application is expected to hold over 55% market share by 2024. Growing demand for packages that ensures nutrient and flavor fortification will support the segment growth for the projected timeframe. In addition, flexible packaging ensures that beverages are bottled efficiently so that they remain fresh and odor free. Stringent government regulations coupled with increasing consumer awareness pertaining to food safety and hygiene will propel the product adoption rate.

Healthcare will witness gains at over 6.5% up to 2024. Growing demand for high barrier packages to minimize product contamination from dust and ensure patients safety and health is further expected to support the growth of flexible packaging market. Flexible packaging ensures medical equipment’s remain sterile and medicines are dispensed accurately. Increasing concern pertaining to medical devices storage will support product demand as these devices need advance packaging solutions in a bid to increase their shelf life.

Regional Insights

Asia Pacific led by China, Japan, India and South Korea is expected to register CAGR over 6.5% up to 2024. Easy availability of raw material coupled with low-cost labour and improved production facilities will create new growth opportunities for industry participants. Also, increasing disposable income, retail sector expansion with emergence of hypermarkets and supermarkets is likely to support overall industry. Favorable government policies & plans for production and use of thermoplastic polymers will further support the flexible packaging market development over the projected timeframe.

Europe Flexible Packaging Industry by application

Get more details on this report - Request Free Sample PDF

Europe accounted for over 30% market share in 2015. European market dominated by Germany, UK and France is largely influenced by changing consumer preferences and need for prolonged shelf life of food & beverage products in colder regions. Increasing personal care expenditures in Germany, UK, France and Italy is likely to support product demand across healthcare sector. However, stringent government regulations with ban on certain materials used for manufacturing pouches might lay pressures on manufacturers and may hinder the flexible packaging market growth.

Competitive Market Share

Global flexible packaging market share is fragmented due to presence of multinational, large regional, and medium players. Key industry players include Amcor Limited, Sonoco Products Company, Huhtamaki Group, Bemis Company and Constantia Flexibles Group. Mergers & acquisitions, strategic collaborations, portfolio expansion and material innovation are among the major strategies adopted by the industry participants for enhancing their market share. For instance, in August 2018, Amcor announced that it will acquire Bemis Corporation. This acquisition will help Amcor to acquire all processing and production plants of Bemis which will help Amcor to enhance its overall market share.

Industry Background

Global flexible packaging industry is driven by rapid technological development and innovations. Strong R&D investments & technological innovations are boosting overall industry growth. Transition towards higher consumption of food & beverages due to growing disposable income in low and middle level income countries will substantially impact the product sales. Growth of online shopping and growing presence of hypermarkets and supermarkets will further aid in overall industry growth. Industrialization and rising food service industry in emerging economies including China, and India will further provide strong business outlook.

Flexible packaging market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2013 to 2024, for the following segments:

By Material

  • Polymer
    • Polyethylene
    • Polypropylene
    • Polyethylene terephthalate
    • Others
  • Paper
  • Aluminium
  • Cellulosic

By Product

  • Pillow pouches
  • Stand-up Pouches
  • Four side seal pouches
  • Others

By Application

  • Food & beverage
  • Personal care
  • Healthcare
  • Industrial
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Netherlands
  • Asia Pacific
    • China
    • India
    • South Korea
    • Japan
    • Indonesia
    • Malaysia
    • Australia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
Authors: Kunal Ahuja, Amit Rawat

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights Inc., the flexible packaging business is expected to hit at $250 billion (USD) by 2024.

Based on material, the polymers segment held highest share in 2015 and is anticipated to exhibit a remarkable growth rate during the forecast period.

Asia Pacific region maintain its dominance throughout the forecast period.

Ampac Holdings, LLC, Constantia Flexibles Group GmbH, Amcor Limited, Bemis Company, Inc., Coveris Holdings S.A., Mondi Group are among the top contributors in the industry.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Published Date: Jan 2017
  • Companies covered: 21
  • Tables & Figures: 259
  • Countries covered: 24
  • Pages: 230

Get a report that explains COVID-19 impact on this market

 Request Free Sample

Budget constraints? Get in touch with us for special pricing

Request Discount