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

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

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.