Flexible Plastic Pouches Market

Flexible Plastic Pouches Market is predicted to reach at USD 74,265 Million by 2028 at a CAGR of 6.5% during the forecast period

Introduction of the Flexible Plastic Pouches Market Report

Flexible Pouches are customizable as they can be transformed into any size and shape. Flexible plastic pouches are single-use bags used to package everything from snack food to industrial liquids. Flexible Plastic Pouches have a much lower carbon footprint than alternative packaging materials such as glass, metal, and cardboard containers. These bags are flexible, portable, resaleable, environment friendly, and cheaper.

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Market Dynamic

Key Drivers and Emerging Trends

Growing demand for convenient, lightweight, and cheaper packaging solutions across food and beverage industry is one of the major factors fueling the flexible plastic poches market. With the growing health awareness and growing prominence of convenient packaging, the demand for flexible plastic pouches in pharmaceuticals packaging have increased, driving the market growth. Moreover, the increasing use of flexible plastic pouches for the packaging of several food & beverage products including tea, coffee, frozen food, dried food & mixes, sauces & condiments, owing to the long-term storage offered by these pouches to secure the content of package, which will further strengthen the market size. Factors including expansion in e-commerce sales, aesthetic appeal, enlarged shelf-life, and growing demand from several ed-use industries are projected to bolster the market growth. Additionally, increasing investment by leading market players in research and development activities to expand their product portfolio will augment the market growth. Rising adoption of flexible plastic pouches has bolstered their demand owing to the lower carbon discharge than the alternative packaging materials. However, strict regulations imposed regarding flexible plastic packaging may impede the Flexible Plastic Pouches Market size.

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Type- Segment Analysis

Flat pouches are projected to expand at a faster CAGR over the coming years, owing to their availability in different colours which help companies in marketing by allowing them to include important information. Moreover, as per the Flexible Plastic Pouches Market Global Forecast, the cost-effective and aesthetic displays offered by the flat pouches will further contribute to the market growth.

Material- Segment Analysis

Polypropylene segment is estimated to witness a faster CAGR in the coming years, owing to its unique properties including better transparency, elongation, and low-cost production. The growing use of polypropylene in chips packaging and reusable woven bags for shopping because of the chemical resistance properties and high melting point will augment the market growth.
Besides, polyethylene material is predicted to hold a larger share over the upcoming years, owing to its vast availability, high chemical resilience, and cost-efficiency. In addition, the flexibility of polyethylene makes it an ideal material for packaging which further stimulates the segment’s growth.

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Regional – Segment Analysis

Asia Pacific is forecast to dominate the market over the upcoming years, primarily because of the accelerating per capita income and growing demand for pliable packaging solutions. In addition, the growing adoption of flexible plastic pouches in food & beverages, chemicals, cosmetics, health, beauty industry, growing awareness about hygiene and changing lifestyle of consumers has bolstered the regional growth. Other factors which include increasing demand for packaged food, rising population, and technological innovations are projected to boost the regional growth.

Top Market Players

Several leading companies in the market include Berry Global Inc., Mondi, Sealed Air Corp, Sonoco Products Company, Smurfit Kappa, Constantia Flexibles, Bemis Company Inc., Amcor Plc, Uflex, Huhtamaki, and among others.

Key Developments:

• • In 2021, Uflex entered into a partnership with Mespack, manufacturer of flexible packaging and custom injection molded parts, to launch 100 percent recyclable mono-polymer hot-fill pouches.
  • In 2021, Uflex has partnered with Mespack, manufacturer of flexible packaging, end-of-line, and soluble pods equipment and Hoffer Plastics, manufacturer of custom injection molded parts, to develop 100 percent recyclable mono-polymer hot-fill pouches.
  • In 2020, Sealed Air Corp. collaborated with Plastic Energy, an industry-leading company in advanced recycling technology. The company also made an equity investment in Plastic Energy Global, the parent company of Plastic Energy.
  • In 2020. Mondi decided to merge with Austrian meat producer Hütthaler to launch a completely recyclable thermoforming film made from a mono-material for their meat and sausage products. The film helps to protect the food and extend its shelf life.
  • In 2020, PPC Flexible Packing launches new plant-based bio-pouch which is recyclable and compostable pouches. It will biodegrade in industrial composting facilities per conditions set by ASTM D6400.

Segments covered in the Report:

The Flexible Plastic Pouches Market has been segmented based on Type, Material, and Region. Based on type, the market is segmented into Flat pouches, Stand-up Pouches. Based on material, market is segmented into Polyethylene, Polypropylene.

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Key questions answered in this research report:

• • At what pace is global flexible plastic pouches market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in flexible plastic pouches market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global flexible plastic pouches market?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What is the various material of global flexible plastic pouches market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Flexible Plastic Pouches Market by Type

• • Flat pouches
  • Stand-up Pouches

Global Flexible Plastic Pouches Market by Materials

• • Polyethylene
  • Polypropylene
  • Poly Vinyl Chloride
  • Biaxiallyoriented Polyethylene Terephthalate
  • Ethylene Vinyl Alcohol
  • Polyamide
  • Polystyrene
  • Bioplastics

Global Flexible Plastic Pouches Market by Region

• • North America Flexible Plastic Pouches Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Material
    • US Market All-Up
    • Canada Market All-Up
  • Europe Flexible Plastic Pouches Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Material
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Flexible Plastic Pouches Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Material
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Flexible Plastic Pouches Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Material
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Flexible Plastic Pouches market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Berry Global Inc.
  • Mondi
  • Sealed Air Corp
  • Sonoco Products Company
  • Smurfit Kappa
  • Constantia Flexibles
  • Bemis Company Inc.
  • Amcor Plc
  • Uflex
  • Huhtamaki