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Global Flexible Packaging Market Size, Share and Industry Analysis Report by Material (Polymer [Polyester, Polyethylene, Polystyrene, Polypropylene], Paper, Aluminum, Cellulosic), Product (Pillow Pouches, Stand-up Pouches, Four Side Seal Pouches) and Application (Food & Beverage, Personal Care, Healthcare, Industrial), Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI1145
  • Published Date: May 2022
  • Report Format: PDF

Industry Overview

Flexible Packaging Market size is anticipated to grow over USD 390 billion by 2028 and is estimated to grow at over 5.5% CAGR between 2022 and 2028 owing to the rapid development of processed and packed food industry along with growing consumer awareness regarding the importance of safe food storage practices.

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The rapidly increasing population is projected to maximize the overall food product demand to cater to the needs of billions. To revolutionize the food service sector, manufacturers rely on modern and advanced packaging techniques assisting the market inclination. The harmful effects and potential hazard from the consumption of synthetic preservative has led to the rapid increase in demand for eco-friendly and sustainable flexible smart packaging.

This has led to a switch from traditional rigid packaging to flexible packaging for the purpose of food storage and preservation. Moreover, innovations in flexible packaging by key market players to improve performance and product functionality will encourage the manufacturers to align with flexible packaging and further boost the flexible packaging market growth.

Favorable government schemes and programs to promote the flexible packaging market growth

Based on material the polymer segment dominates the global market and is projected to surpass USD 290 billion by 2028, growing at a CAGR of over 5% from 2022 to 2028. It is further branched into polyester, polyethylene, polystyrene, polypropylene. Polymer films are widely used in the industry as it can be converted into a wide range of shapes and sizes, with a wide range of performance characteristics. Plastics are more flexible, durable, and cost-effective materials than others, which is why they now dominate the flexible packaging market.

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Favorable schemes & initiatives undertaken by governments along with manufacturers and suppliers of different countries across the world to encourage advanced packaging materials further raising the product demand. The expansion of the retail industry and the thriving e-commerce industry are demanding additional packaging materials that influence the market value of polymers, enhancing the flexible packaging demand.

The growing demand for packaged food and cost-effectiveness of pouches are expected to boost the demand for pillow pouches

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By product type, the pillow pouches segment is expected to reach over USD 140 billion by 2028 at a growth rate of over 5% in the forecast period. The introduction of innovative consumer products and delicate food products has granted the pillow poches to witness a heavy demand. Growth in the alcohol and dairy beverages industries have promoted the rise in the pillow pouch product owing to their high malleable and low weight traits. Market penetration of food segments including coffee, tea, sauces, soft drinks, and candies will assist in the rapid market inclination on a global scale.

The surge in processed food and beverages will further supplement the flexible packaging market. Increased demand for pharmaceutical and medical supplements will facilitate the demand for the pillow product. Rapid technological developments & innovations in agrochemicals, nutraceuticals, beverage and alcohol sectors will effectively increase the production of innovative flexible packaging materials during the forecast period. Rising ecological concerns and the emergence of cold supply chain for shelf-life enhancement are expected to increase the overall flexible packaging market share.

The growing demand from food & beverages industry owing to increasing consumption of RTC and RTE food

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The food and beverage applications segment is projected to surpass USD 225 billion by the end of 2028 with a CAGR of over 5.5% in the forecast timeline. The increasing spending on ready to cook (RTC) and ready-to-eat (RTE) food products and the growing trend of online food delivery are driving their demand for flexible packaging in food & beverages industry.

The rise in organized stores and the development of the e-commerce sector throughout the F&B packaging sector is growing exponentially. Extensive research focuses on the importance, type of product, and use of food & beverage packaging. Proper packaging can enhance the freshness and appearance of products. It is an important part of the successful launch of a new product and serves as a link between manufacturers and customers.

During the COVID-19 pandemic, people stocked up essential items in large quantities as they were instructed to stay at homes; thus, requiring large quantities of plastic packaging. Furthermore, consumers were shopping online more than ever before, ordering fresh food products, daily staples, and convenience food items.

Robust developments in the food processing sector and rising demand & popularity of the e-commerce industry in the Asia Pacific

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Asia Pacific is expected to witness the highest growth over the forecast timeframe owing to robust developments in the food processing sector and rapidly rising economies including China, India, Japan and South Korea. In addition, the growing middle-class population, the adoption of these products to improve product quality, growing demand for sustainable agricultural solutions, improved knowledge of manufacturers and increased promotion of flexible packaging are expected to fuel the product demand in the regional economy.

The rising demand & popularity of the e-commerce industry has boosted the consumption of flexible packaging in the region. Also, the growing need to increase the pharmaceutical output is among the prominent factors driving the flexible packaging market growth in this region.

Supporting regulations regarding intelligent packaging and cold chain supply along with various incidences showing efficient supply and storage to encourage the use of flexible packaging in food processes, propelling the market inclination in the region. Favorable government schemes and awareness campaigns to promote the growth of the high quality and enhanced productivity in Asia Pacific will promote market upscaling.

Increasing investments in R&D and product innovations by industry participants to accelerate market competitiveness

Key players in the flexible packaging industry are Bemis, Ampac holdings LLC, Amcor Limited, Constantia Flexibles GROUP Gmbh, Sonoco Products Company, Mondi Group, Coveris Holdings S.A., Sealed Air Corporation, Clondalkin Group Holdings B.V., Wipak Group, Hon Bischof + Klein International, Loba Goglio Group, Plater AR Packaging, Schur Flexibles, Flair Flexible Packaging Solution, Südpack Verpackungen, Cellpack Packaging, ExxonMobil Chemical, ACTEGA GmbH, and Berry Plastic Group.

The companies are engaged in extensive research & development to develop innovative products to improve the quality & quantity of poultry meat yield. For instance, In February 2022, ProAmpac has acquired Belle-Pak Packaging a manufacturer of flexible packaging products. This strategy helps ProAmpac expands its growing presence in Canada and extends its reach in high-growth e-commerce, healthcare and logistics end markets.

In April 2022, Amcor announced the addition of new, more sustainable High Shield laminates to its pharmaceutical packaging portfolio. This new product is low carbon, recycle-ready packaging, and providing the high barrier and performance requirements needed for the industry.

In April 2021, Constantia Flexibles signed an agreement to acquire the packaging producer Propak, prominent player in the European packaging industry. This strategy supports Constantia Flexibles to elevates as one of the main players in the European snacks market.

The global flexible packaging market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons & revenue in USD Million from 2022 to 2028 for the following segments:

By Material

  •  Polymer
    • Polyester
    • Polyethylene
    • Polystyrene
    • Polypropylene
  • Paper
  • Aluminum
  • Cellulosic

By Product

  • Pillow Pouches
  • Stand up Pouches
  • Four Side Seal Pouches
  • Others

By Application

  • Food and Beverage
  • Personal Care
  • Healthcare
  • Industrial
  • Others

The above information has been provided for the following countries:

By Region

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


Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Flexible packaging market share is expected to cross USD 390 billion by 2028 and is anticipated to expand at a CAGR of 5.5% from 2022 to 2028 considering the rising consumer awareness regarding the significance of safe food storage practices.
The market share from food and beverage application is expected to surpass USD 225 billion until 2028 owing to the increasing spending on ready-to-eat and ready to cook food products.
Asia Pacific flexible packaging market size is expected to record substantial growth through 2028 driven by the presence of rapidly growing economies such as South Korea, Japan, India, and China.
Key participants in the flexible packaging industry comprise Wipak Group, Sealed Air Corporation, Coveris Holdings S.A., Flair Flexible Packaging Solution, Amcor Limited, Berry Plastic Group, Cellpack Packaging, and others.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 20
  • Tables & Figures: 285
  • Countries covered: 24
  • Pages: 300
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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