Flexible Packaging Market Size, Share & Industry Analysis, By Material (Plastics, Paper, Aluminum), By Product (Seals, High Barrier Films, Pouches & Bags, Lids and Labels, Others) and regional forecast 2023-2030

Region : Global | Report ID: FBI104897 | Status : Ongoing

KEY MARKET INSIGHTS

Packaging is one of the surging industries in the world. Almost all the products that are sold come in sorts of packaging that include plastic, paper and even metal packaging depending upon the product. Flexible Packaging is one of the important types of packaging. Products and consumer goods are susceptible to damage, biological contamination, degradation and can easily be disturbed by external factors. Packaging materials includes seals, caps, pouches, and others while another type of packaging includes cartons, boxes, corrugated papers and boards. Increasing awareness in consumer and increasing expenditure on healthcare is likely to boost the market.

The increasing demand from packaging sector shall foster the market growth. Increasing demand for food and beverages shall substantially drive the flexible packaging market. Moreover, exceptional properties of flexible packaging materials like cost-effectiveness, high adaptability, and availability in various sizes and shapes is boosting the market growth.

However, the blister type of packaging materials contains aluminum sheets and plastic that often gets converted in microplastic which cannot be recycled. Thus, the growth of the flexible packaging market is expected to limit due to the disposability issue of certain materials like plastics and aluminum foils.

Key Market Driver -

Increasing demand from packaging industry.

Key Market Restraint -

Disposability of plastics.

Market Segmentation:

Based on material, the market is segmented into plastic, paper, and aluminum. Based on product, the market is segmented into seals, high barrier films, pouches & bags, lids & labels and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

the global Flexible Packaging market consists of global & regional players operating. some of the key players in the material market include Amcor Plc, Mondi Plc, Coveris Holdings S.A, Datwyler Holdings, Aptar Group, Inc., Constantia Flexibles Group Gmbh, Berry Global, Inc., CCL Industries Inc., Westrock Company, Honeywell International, Catalent, Inc., Huhtamaki Oyj, Winpak Ltd., Reynolds Group Holdings, Becton Dickinson & Company, Sealed Air Corporation and other.

Key Insights

New Advancements in Production Technologies

Key Trends in the Flexible Packaging market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America hold the largest share in the flexible packaging market attributed to the large manufacturing base. However, Asia Pacific is anticipated to surpass North America by value and volume due to the high demand from China and India. Additionally, the highly growing packaging industry in the region is estimated to create a positive impact on the regional market. Europe is estimated to show significant growth attributed to the increase in disposable income. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.

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Segmentation

ATTRIBUTES	DETAILS
By Material	Plastics Paper Aluminum
By Product	Seals High Barrier Films Pouches & Bags Lids and Labels Others
By Geography	North America (U.S., Canada) Europe (UK, Germany, France, Italy, and Rest of Europe) Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific) Latin America (Mexico, Brazil, Argentina and Rest of Latin America) Middle East & Africa (Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa)

Flexible Packaging Industry Developments

In December 2020, Graham Partner completed the acquisition with Berry Global Group for the flexible packaging converting.

In November 2019, Amcor invested over 10 million Euros for production of cast films to support manufacturing of durable, low cost medical device packaging.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2022
HISTORICAL DATA: 2019-2021

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