2. Berry Global Inc
3. Sonoco Products Company
4. Sealed Air Corporation
5. Amcor Plc
Flexible packaging is the type of packaging that allows the most customizable options as per the requirements of the customers. Flexible packaging is considered the most economical packaging; it is the most cost-effective method of packaging. It is the new method of packaging and is popular in the market because of its characteristics. Flexible packaging uses a variety of materials, which include foils, plastics, and paper. These materials are used to make pouches and bags. Flexible packaging is used in various industries, such as food, beverages, pharmaceuticals, personal care and others. The flexible packaging method is the most convenient method for all industries for protecting, handling, and safe transportation of products. Flexible packaging uses less material than rigid packaging. Flexible packaging reduces energy consumption, increases the quality of the products and provides a better shelf life for the products. Shelf life is an important aspect for every product. Industries are more commonly using flexible packaging for the safe handling and transportation of products. Flexible packaging is considered the most environmentally friendly packaging. Flexible packaging is a lighter option than the other packaging materials. Flexible packaging is made from easily yielding materials. Flexible packaging is considered primary packaging without any fixed shape and is designed to hold products, goods, solids, liquids, creams, pastes, or powders. It is easy to carry and transport. Flexible packaging has witnessed immense growth in the past few years as well as in the forecast period because of certain factors such as technological advancement, lower cost, and lower material consumption. Based on region, the flexible packaging solutions market is segmented into five major regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
According to the report title, “Global Flexible Packaging Market Outlook, 2027”, publish by Bonafide research, the market was value at around USD 242 Billion in 2021 and it is anticipated to grow with the CAGR of more than 4.5%from 2022 to 2027. Increasing demand for ready-to-eat meals, packaged foods, fruit juices, water, meat, and seafood requires the proper packaging for handling and transportation. Import-export activities require the proper packaging. The Asia-Pacific region has been the dominating market in the flexible packaging market in the past years as well as in the forecast period. The Asia-Pacific flexible packaging market will be on an up-surging trend because of the rising demand in the packaged food market. Rising investments in the packaging market will lead to high demand for the flexible packaging market in the region.
According to the report, based on material type, the market is segmented into plastic, paper, aluminum foil, and other materials. The plastic packaging segment covers the largest portion of the market in flexible packaging. Plastic packaging is estimated to cover the market share of more than 65% in the forecasted period. Plastic packaging is very convenient and easy to handle and carry. Plastic packaging delivers effective packaging and it uses fewer materials in packaging. Nowadays, paper packaging is also considered more eco-friendly and sustainable packaging. Based on the application, the market is segmented into food, beverage, pharmaceuticals, personal care, and others. The food industry has been witnessing immense growth in the flexible packaging market. Growth in demand for snacks and convenience, ready-to-eat foods, coffee, juices, etc. will lead to high demand for the flexible packaging market in the forecast period. Based on the packaging type, the market is segmented into bags, wraps, pouches, and others. The pouches segment covers the largest market share in the global flexible packaging market. Innovation in consumer products is the main factor that is increasing the demand for the pouches segment.
The COVID-19 pandemic has severely disrupted the world economy and international trade. Under the impact of the COVID-19 pandemic situation, every industry is affected. In the beginning of the pandemic, the flexible packaging industry is affected, but after that an increase in the demand for flexible plastic packaging for food, beverage, and pharmaceutical applications for product packaging, will lead to the growth of the flexible packaging market.
Major Companies present in the market:
Amcor Plc, Berry Global Group Inc., Mondi Group, Sealed Air Corporation, Constantia Flexibles, Coveris Holding SA, Transcontinental Inc., HuhtamäkiOyj, Sonoco Products Company, Ahlstrom-MunksjöOyj, Greif, Inc., Westrock Company, AptarGroup, Inc., FlexPak Services LLC, Al Invest Bridlicnaa.s., Aran Group., Alubergs.p.a., Danaflex Group, Bischof + Klein SE & Co. KG, Glenroy, Inc., Clondalkin Group Holdings BV, ProAmpac Intermediate, Inc.
Considered in this report
• Geography: Global
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027
Aspects covered in this report
• Global Flexible Packaging market with its value and forecast along with its segments
• Region-wise flexible packaging market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Regions covered in the report
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)
Types of Material in the report:
• Aluminum Foil
By End-Use in the report:
• Personal care
Types of Packaging in the report:
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to flexible packaging industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.