Flexible Packaging Demand Mostly Reliant on Cost-effectiveness and Convenience

The global packaging industry has witnessed exponential growth in recent years, especially since the creation of flexible films. Flexible packaging allows packaging to take shape as per the product or as desired to suit the said requirements. This kind of packaging is often found in non-rigid structures such as tubes, pouches, shrink films, bags, and carded packaging.

The flexible packaging industry is one of the most vibrant segments of the packaging industry, owing to its increased functional benefits. Ease of handling and storage, convenience, and overall cost savings are some of the major factors that have contributed to the flexible packaging’s continued success. The global flexible packaging market has cemented itself in the packaging industry with its positive attributes and numerous technical developments. Apart from this, cost, source reduction advantages, and performance coupled with the high barrier resins and value-added features have tremendously contributed to the growth of the flexible packaging over the rigid packaging.

Evolving Landscape of Food and Beverage Industry to Benefit Flexible Packaging Market

The evolving food and beverage industry is expected to contribute more than 50% of the total demand for flexible packaging globally. The majority of the key players operating in the food and beverage industry are shifting towards the utilization of flexible packaging units as a replacement for traditional rigid packaging formats to provide improved storage efficiency, marketability, and source reduction. Additionally, convenience features and the utilization of high-performance materials are expected to aid gains in terms of volume, as these additions can make flexible packaging formats more competitive in more demanding applications, as compared to rigid packaging formats.

The emergence of dual-income families, shrinking household sizes, and the amplifying snacking trend are some of the demographic factors that have further promoted the demand for flexible packaging in the food and beverage industry. Pouches and lightweight bags are expected to witness increased demand for the unit packaging of different food products including frozen food, baked goods, meat and poultry, candies, and many others. The global food and beverage industry is also witnessing a major shift towards flexible packaging formats for products that contain high liquid contents, right from soups to cocktails. Convenience and ease of use, extended shelf life, food safety, environmental friendliness, branding functionality, and adaptability are the competitive benefits offered by flexible packaging formats to food and beverage brands across the market.

Pouches Segment to Dominate Global Flexible Packaging Market

By product type, the pouches segment is expected to witness the fastest gains in the forecast period, owing to the emerging trends that favor high-performance pouches over commodity types. Pouches are one of the most versatile flexible packaging formats in different industrial applications that can stand upright on shelves and providing the intended air-tight closures, ease of handling, and food safety.

The increasing demand for pouches is also triggered by its ability to provide multiple layers of protection that are customizable to accommodate a variety of products. Majority of the companies operating in the food and beverage industry are increasingly adopting the use of pouches, so as to ensure food safety and extended shelf life. Pouches also offer the flexibility of being tailored to offer customized sizes, styles, and designs to attract customers. These are the major factors contributing to the high growth rate of pouches in the global flexible packaging market.

Asia Pacific Anticipated to Hold Potential Opportunities for Flexible Packaging Market

Asia Pacific is expected to dominate the global packaging industry, accounting for more than 35% of the global share in the flexible packaging market. This can be attributed to the rapid pace of urbanization, dynamically growing middle class, economic growth, rising disposable income, booming e-commerce, and increased preference for ready-to-eat meals and smaller packaging units, especially in the developing countries such as India, China, Japan, and few others. The aging demographic in these countries are expected to trigger the growth in pharmaceutical, medical, and hospital packaging.

The increasingly sophisticated and growing flexible packaging industry and upstream supply base have heightened the expectations for flexible packaging in these countries. According to the IBEF, India is a high potential market for the processed food industry owing to its large population, which further stimulates the demand for flexible packaging. The well-organized retail industry, the emergence of hypermarkets/supermarkets, and the supporting government policies are the factors that will further boost the development of flexible packaging market in this country.

Competitive Landscape: Slightly Fragmented Market Structure

Some of the key players operating in the flexible packaging market are Amcor PLC, Ampac Holdings, Wheel Flexible Packaging, Eagle Flexible Packaging, Sanjeev Flexi-Pack Pvt. Ltd., UFlex Limited, Constantia Flexibles Group GmbH, Sonoco Products Company, Bemis Company, Inc., Mondi Group, Coveris Holdings S.A., Clondalkin Group Holdings B.V., Sealed Air Corporation, ProAmpac, and few others. Majority of the key players are focusing on business expansion through different strategies including acquisitions, partnerships, mergers product-development strategies.

Some key developments witnessed in the flexible packaging market are:

In June 2019, Amcor announced the acquisition of Bemis Company Inc. to strengthen its position in the global packaging industry.

In 2018, Constantia Flexibles Group announced the acquisition of majority of shares of Creative Polypack Limited. Creative Polypack limited is one of the India’s leading organization’s operating in the flexible packaging market. With this acquisition, the company strengthened its position in the Asian packaging market.

Regional Classification of the Global Flexible Packaging Market is Listed Below:

North America

U.S.
Canada

Europe

Germany
France
Spain
U.K.
Italy
Russia
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Flexible Packaging Market

Flexible Packaging Market by Product/Technology/Grade, Application/End-user, and Region
Executive Summary (Opportunity Analysis and Key Trends)
Historical Market Size and Estimates, Value and Volume, 2019 - 2022
Volume Consumption at Regional and Country Level, 2023 - 2030
Market Dynamics and Economic Overview
Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
Regional and Product/Grade/Application/End-user Price Trends Analysis
Value Chain and Five Force’s Analysis
Regional/Sub-region/Country Market Size and Trend Analysis
Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
1.1. Global Flexible Packaging Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
  2.2.1.2. Driver B
  2.2.1.3. Driver C
  2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
  2.5.1. Pre-covid and Post-covid Scenario
  2.5.2. Supply Impact
  2.5.3. Demand Impact
2.6. Government Regulations
2.7. Global Packaging Market - Overview
2.8. Economic Analysis
2.9. PESTLE

3. Production Output and Trade Statistics, 2019 - 2022
3.1. Regional Production Statistics
  3.1.1. North America
  3.1.2. Europe
  3.1.3. Asia Pacific
  3.1.4. Latin America
  3.1.5. Middle East & Africa

4. Price Trends Analysis and Future Projects, 2019 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Material
4.4. By Region

5. Global Flexible Packaging Market Outlook, 2019 - 2030
5.1. Global Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  5.1.1. Key Highlights
  5.1.1.1. Plastic
5.1.1.1.1. PP
5.1.1.1.2. PE
5.1.1.1.3. PVC
5.1.1.1.4. PET
5.1.1.1.5. EVA
5.1.1.1.6. BOPP
5.1.1.1.7. Misc.
  5.1.1.2. Aluminum Foil
  5.1.1.3. Paper
  5.1.1.4. Misc.
5.2. Global Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  5.2.1. Key Highlights
  5.2.1.1. Food
  5.2.1.2. Beverage
  5.2.1.3. Medical & Pharmaceutical
  5.2.1.4. Consumer Products
  5.2.1.5. Personal Care
  5.2.1.6. Pet Food
  5.2.1.7. Baby Food
  5.2.1.8. Retail (Non-food)
  5.2.1.9. Industrial Applications
  5.2.1.10. Misc. (Tobacco, etc.)
5.3. Global Flexible Packaging Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  5.3.1. Key Highlights
  5.3.1.1. North America
  5.3.1.2. Europe
  5.3.1.3. Asia Pacific
  5.3.1.4. Latin America
  5.3.1.5. Middle East & Africa
  5.3.2. BPS Analysis/Market Attractiveness Analysis

6. North America Flexible Packaging Market Outlook, 2019 - 2030
6.1. North America Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  6.1.1. Key Highlights
  6.1.1.1. Plastic
6.1.1.1.1. PP
6.1.1.1.2. PE
6.1.1.1.3. PVC
6.1.1.1.4. PET
6.1.1.1.5. EVA
6.1.1.1.6. BOPP
6.1.1.1.7. Misc.
  6.1.1.2. Aluminum Foil
  6.1.1.3. Paper
  6.1.1.4. Misc.
6.2. North America Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  6.2.1. Key Highlights
  6.2.1.1. Food
  6.2.1.2. Beverage
  6.2.1.3. Medical & Pharmaceutical
  6.2.1.4. Consumer Products
  6.2.1.5. Personal Care
  6.2.1.6. Pet Food
  6.2.1.7. Baby Food
  6.2.1.8. Retail (Non-food)
  6.2.1.9. Industrial Applications
  6.2.1.10. Misc. (Tobacco, etc.)
6.3. North America Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  6.3.1. Key Highlights
  6.3.1.1. U.S.
  6.3.1.2. Canada
  6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Flexible Packaging Market Outlook, 2019 - 2030
7.1. Europe Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  7.1.1. Key Highlights
  7.1.1.1. Plastic
7.1.1.1.1. PP
7.1.1.1.2. PE
7.1.1.1.3. PVC
7.1.1.1.4. PET
7.1.1.1.5. EVA
7.1.1.1.6. BOPP
7.1.1.1.7. Misc.
  7.1.1.2. Aluminum Foil
  7.1.1.3. Paper
  7.1.1.4. Misc.
7.2. Europe Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  7.2.1. Key Highlights
  7.2.1.1. Food
  7.2.1.2. Beverage
  7.2.1.3. Medical & Pharmaceutical
  7.2.1.4. Consumer Products
  7.2.1.5. Personal Care
  7.2.1.6. Pet Food
  7.2.1.7. Baby Food
  7.2.1.8. Retail (Non-food)
  7.2.1.9. Industrial Applications
  7.2.1.10. Misc. (Tobacco, etc.)
7.3. Europe Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  7.3.1. Key Highlights
  7.3.1.1. Germany
  7.3.1.2. France
  7.3.1.3. U.K.
  7.3.1.4. Italy
  7.3.1.5. Spain
  7.3.1.6. Russia
  7.3.1.7. Rest of Europe
  7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Flexible Packaging Market Outlook, 2019 - 2030
8.1. Asia Pacific Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  8.1.1. Key Highlights
  8.1.1.1. Plastic
8.1.1.1.1. PP
8.1.1.1.2. PE
8.1.1.1.3. PVC
8.1.1.1.4. PET
8.1.1.1.5. EVA
8.1.1.1.6. BOPP
8.1.1.1.7. Misc.
  8.1.1.2. Aluminum Foil
  8.1.1.3. Paper
  8.1.1.4. Misc.
8.2. Asia Pacific Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  8.2.1. Key Highlights
  8.2.1.1. Food
  8.2.1.2. Beverage
  8.2.1.3. Medical & Pharmaceutical
  8.2.1.4. Consumer Products
  8.2.1.5. Personal Care
  8.2.1.6. Pet Food
  8.2.1.7. Baby Food
  8.2.1.8. Retail (Non-food)
  8.2.1.9. Industrial Applications
  8.2.1.10. Misc. (Tobacco, etc.)
8.3. Asia Pacific Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  8.3.1. Key Highlights
  8.3.1.1. China
  8.3.1.2. Japan
  8.3.1.3. South Korea
  8.3.1.4. India
  8.3.1.5. Southeast Asia
  8.3.1.6. Rest of Asia Pacific
  8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Flexible Packaging Market Outlook, 2019 - 2030
9.1. Latin America Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  9.1.1. Key Highlights
  9.1.1.1. Plastic
9.1.1.1.1. PP
9.1.1.1.2. PE
9.1.1.1.3. PVC
9.1.1.1.4. PET
9.1.1.1.5. EVA
9.1.1.1.6. BOPP
9.1.1.1.7. Misc.
  9.1.1.2. Aluminum Foil
  9.1.1.3. Paper
  9.1.1.4. Misc.
9.2. Latin America Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  9.2.1. Key Highlights
  9.2.1.1. Food
  9.2.1.2. Beverage
  9.2.1.3. Medical & Pharmaceutical
  9.2.1.4. Consumer Products
  9.2.1.5. Personal Care
  9.2.1.6. Pet Food
  9.2.1.7. Baby Food
  9.2.1.8. Retail (Non-food)
  9.2.1.9. Industrial Applications
  9.2.1.10. Misc. (Tobacco, etc.)
9.3. Latin America Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  9.3.1. Key Highlights
  9.3.1.1. Brazil
  9.3.1.2. Mexico
  9.3.1.3. Rest of Latin America
  9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Flexible Packaging Market Outlook, 2019 - 2030
10.1. Middle East & Africa Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  10.1.1. Key Highlights
  10.1.1.1. Plastic
10.1.1.1.1. PP
10.1.1.1.2. PE
10.1.1.1.3. PVC
10.1.1.1.4. PET
10.1.1.1.5. EVA
10.1.1.1.6. BOPP
10.1.1.1.7. Misc.
  10.1.1.2. Aluminum Foil
  10.1.1.3. Paper
  10.1.1.4. Misc.
10.2. Middle East & Africa Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  10.2.1. Key Highlights
  10.2.1.1. Food
  10.2.1.2. Beverage
  10.2.1.3. Medical & Pharmaceutical
  10.2.1.4. Consumer Products
  10.2.1.5. Personal Care
  10.2.1.6. Pet Food
  10.2.1.7. Baby Food
  10.2.1.8. Retail (Non-food)
  10.2.1.9. Industrial Applications
  10.2.1.10. Misc. (Tobacco, etc.)
10.3. Middle East & Africa Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  10.3.1. Key Highlights
  10.3.1.1. GCC
  10.3.1.2. South Africa
  10.3.1.3. Rest of Middle East & Africa
  10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Company Profiles
  11.3.1. Berry Global Inc.
  11.3.1.1. Company Overview
  11.3.1.2. Product Portfolio
  11.3.1.3. Financial Overview
  11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
  11.3.2. Amcor
  11.3.3. Mondi Group
  11.3.4. Crown Holdings, Inc.
  11.3.5. WestRock
  11.3.6. Constantia Flexibles
  11.3.7. Sealed Air
  11.3.8. Ball Corp
  11.3.9. Clondalkin Group
  11.3.10. Tetra Pak International S.A.
  11.3.11. International Paper Co.
  11.3.12. Huhtamäki Oyj
  11.3.13. Sonoco
  11.3.14. Oji Holdings
  11.3.15. Stora Enso
  11.3.16. Coveris Holding S.A
  11.3.17. PKGMAKER

12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Flexible Packaging Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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