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Flexible Packaging Market Size
- Report ID: GMI1145
- Published Date: Mar 2023
- Report Format: PDF
Flexible Packaging Market Size
Flexible Packaging Market was valued at USD 300.6 billion in 2023 and is poised to observe more than 5.2% CAGR from 2024 to 2032.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Flexible Packaging Market Size in 2023: | USD 300.6 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.2% |
| 2032 Value Projection: | USD 474.1 Billion |
| Historical Data for: | 2018 to 2023 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 290 |
| Segments covered: | Material, Product, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Flexible Packaging Market Scope
