Flexible Plastic Packaging Market

Flexible plastic packaging market is predicted to witness a higher CAGR over the forecast period. Increasing consumer income, rising e-commerce activities, and the drift towards modern retailing are some of the major factors driving the Flexible plastic packaging market size.

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Major Flexible plastic packaging market Drivers

The flexible plastic packaging market is driven by their growing demand in pharmaceutical industry, owing to the increasing health awareness among consumers and growing demand for convenient packaging. With the expansion of e-commerce platforms, the demand for flexible plastic packaging has significantly increased as they are durable, lightweight, and waterproof, driving the market growth. Besides, the flexible plastic packaging plays a crucial role in the food & beverage industry. The long-term storage offered by this packaging makes them suitable for products like tea, sauces & condiments, beverages & juices, coffee, frozen items etc., which is forecast to augment the market share. Increasing investment by the leading players in research and development activities, such as Introduction of new recyclable, sustainable, plastic packaging options to cater the environmental laws in order to fulfill the consumer needs and customization in flexible plastic packaging to merchandise products to improve user experience will offer enormous opportunities to the market.

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Type Insights – Segment Analysis

Stand-up pouches are projected to witness a significant growth over the forthcoming years, owing to their growing demand by packaged beverages producers. Further, the increasing adoption of stand-up pouches across various end-use industries including healthcare, cosmetics & toiletries, and food & beverage, owing to their cost efficiency, storage convenience, and lighter weight, will drive the segment’s size.

Application – Segment Analysis

Healthcare industry is predicted to lead the market over the forecast period, owing to the increasing application of flexible packaging in the industry to prevent drugs. Further, flexible packaging in healthcare helps with product differentiation and improving the look of overall package which drives the segment’s size.

With the growing need to prevent food & beverages from contamination, the demand for flexible packaging in food & beverage industry has increased. Thus, helping the industry witness a higher CAGR over the upcoming years.

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Regional – Segment Analysis:

Asia Pacific is predicted to hold the largest share during the upcoming years, owing to the rising disposable income, changing consumer preferences, and increasing internet access. The growing demand for flexible plastic packaging in the pharmaceutical, food and beverage, and cosmetics industries owing to their functional properties such as strength, lightweight, safety, and convenience is further projected to expand the regional growth.

Top Market Players

Additionally, the report has also covered profiles of the major companies active in the field, including Amcor Limited, Sealed Air Corporation, Constantia Flexibles Group GmBH, Mondi Group, Bemis Company Inc., Huhtamaki Oyj, Berry Plastics Group Inc., Reynolds Group Holdings, Wipak, Coveris Holdings S.A. and ProAmpac.

Key Developments:

• • For instance, in 2021, KM Packaging launched a new compostable product range made from bio-plastic packaging materials. Its C-range includes shrink wrap, stretch wrap, adhesive tape, nets and bags. This will expand KM’s product portfolio of sustainable flexible packaging solutions and reach wider customer base.
  • In 2021 – Berry Global merged with LyondellBasell to advance the objective of sourcing 100% of its customer-driven packaging by 2026. The collaboration encourages the selection of plastic-lined paper cups with confined recyclability to single-substrate, clear plastic drink cups that more consumers will be able to recycle.
  • In 2021 -Coveris, established a new cereal liner solution with its technical expertise. The Cereal+ liner is created to deliver packer performance, enlarged shelf life and is made from recyclable polyethylene and provides product protection, freshness, and shelf life for cereals and dry foods packed in bag-in-box films.

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Market Segmentation

Global Flexible Plastic Packaging Market by Type

• Stand-Up Pouches

• Flat Pouches

• Rollstock

• Gusseted Bags

• Wicketed Bags

• Wraps

• Others

Global Flexible Plastic Packaging Market by Material

• Plastic Films

• Paper

• Aluminium Foil

• Bioplastics

Global Flexible Plastic Packaging Market By Application

• Food & Beverages

• Healthcare

• Cosmetics & Toiletries

• Others

Global Flexible Plastic Packaging Market by Region

• North America Flexible Plastic Packaging Market (Option 1: As a part of the free 25% customization)

  • By Type
  • By Material
  • By Application
  • US Market All-Up
  • Canada Market All-Up

• Europe Flexible Plastic Packaging Market (Option 2: As a part of the free 25% customization)

  • By Type
  • By Material
  • By Application
  • 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 Packaging Market (Option 3: As a part of the free 25% customization)

  • By Type
  • By Material
  • By Application
  • China Market All-Up
  • India Market All-Up
  • Japan Market All-Up
  • Rest of APAC Market All-Up

• RoW Flexible Plastic Packaging Market (Option 4: As a part of the free 25% customization)

  • By Type
  • By Material
  • By Application
  • 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

Global Flexible Plastic Packaging Market Competitive Landscape

• Major Players and their Business Strategies

• New product launches

• Mergers and acquisitions

• Collaborations, partnerships, agreements and joint ventures