Summary

Flexible Plastic Packaging Market Size
The global flexible plastic packaging market size was valued at $266.40 billion in 2024 and is projected to reach $373.64 billion by 2030, growing at a CAGR of 5.8% during the forecast period.

Flexible Plastic Packaging Market Overview
Flexible plastic packaging refers to a versatile and adaptable form of packaging made from various types of flexible plastic materials. Unlike rigid packaging, such as glass or metal, flexible plastic packaging can easily conform to the shape of the product it contains, providing a lightweight and cost-effective solution. This type of packaging is commonly used for a wide range of products, including food items, beverages, personal care products, and pharmaceuticals. Flexible plastic packaging offers several advantages, including its ability to extend the shelf life of perishable goods, reduce transportation costs due to its lightweight nature, and provide convenience to consumers with features like resealable closures and easy-to-open designs. It is available in various forms, such as pouches, bags, wraps, and films, contributing to its widespread use in the packaging industry.

Flexible Plastic Packaging Market Dynamics
• The flexible plastic packaging market is expected to witness significant growth in the future due to growing demand for convenient and lightweight packaging solutions and increasing preference for flexible plastic packaging due to its cost-effectiveness.
• Additionally, the expansion of the food and beverage industry and advancements in packaging technologies are the prominent factors driving the growth of the flexible plastic packaging market.
• However, the environmental concerns regarding the disposal and recyclability of flexible plastic packaging and regulatory pressures and bans on single-use plastics in various regions are restraining the market growth.
• On the contrary, the expansion of the e-commerce sector and technological innovations are creating opportunities for market growth

Impact of COVID-19 on the Flexible Plastic Packaging Market
The increased demand for packaged food and essential goods during lockdowns bolstered the market as consumers turned to convenient and safely packaged products. However, disruptions in the global supply chain, workforce limitations, and economic uncertainties posed significant challenges for manufacturers. The hospitality and foodservice sectors, major consumers of flexible plastic packaging, experienced downturns due to restrictions, impacting the demand. Safety concerns also influenced packaging preferences, with an inclination towards single-use and sealed packaging. Despite the hurdles, the pandemic highlighted the essential role of packaging in preserving product integrity and hygiene. As the world navigates through recovery, the flexible plastic packaging market is adapting to evolving consumer behaviors, with an increased focus on sustainable solutions and innovations to meet changing demands in a post-pandemic landscape.

By End User, the Food and Beverage Segment is projected to be the Largest Segment in the Flexible Plastic Packaging Market
The food and beverage segment is projected to be the largest segment in the flexible plastic packaging market during the forecast period owing to the factors such as resealable closures, easy-to-open designs, and extended shelf life of flexible plastic packaging in this sector. The versatility of flexible plastic materials allows for the creation of packaging solutions that cater to the diverse needs of the food and beverage industry. The lightweight nature of flexible plastic packaging not only reduces transportation costs but also enhances convenience for both manufacturers and consumers. Flexible plastic packaging emerged as a reliable and practical choice, meeting the increased demand for single-use and sealed packaging options. The ability of flexible plastic to adapt to different product shapes and sizes further solidifies its position in the food and beverage market. Overall, the dynamic and functional attributes of flexible plastic packaging align with the evolving needs of the food and beverage industry, driving its significant demand and widespread adoption.

By Geography, Asia Pacific Region Holds the Dominant Position in the Market Revenue
Asia Pacific region holds the dominant position in the market revenue. This region encompasses countries like India, China, Japan, Australia, South Korea, and the rest of Asia Pacific. In particular, India, China, and Japan are projected to witness substantial growth in the flexible plastic packaging market, driven by expanding infrastructure projects and strong economic development. Additionally, the region's increasing population provides a large consumer base for fast-moving consumer goods (FMCG) and the food and beverage industry, which is expected to boost the growth of flexible plastic packaging.

Key Target Audience:
• Flexible Plastic Packaging Manufacturers
• Flexible Plastic Packaging Suppliers
• Government Regulatory Authorities
• Waste Management and Recycling Entities

List of the Key Players Profiled in the Report Includes:
• Amcor plc
• Bemis Company Inc
• Sealed Air Corporation
• Berry Global Inc
• Constantia Flexibles
• Coveris Holdings S.A
• Huhtamaki Group
• Mondi Group
• Sonoco Products Company
• Transcontinential Inc
• Ampac Holding

Recent Developments:
• In August 2023, Amcor has confirmed its agreement to acquire Phoenix Flexibles, a move aimed at bolstering its presence in the rapidly growing Indian market. With the inclusion of Phoenix Flexibles' well-resourced and strategically positioned production facility, Amcor's capacity is set to significantly expand, meeting the ongoing robust demand and delivering substantial returns to shareholders. Moreover, the acquisition grants access to advanced film technology, facilitating local manufacturing of a wider array of sustainable packaging solutions. It also equips Amcor with enhanced capabilities to diversify its product portfolio within lucrative high-value segments.
• In September 2022, Berry Global Group has entered into a partnership with Mars, Incorporated, to offer sustainable packaging solutions. In this collaborative effort, Berry Global is supplying Mars with polyethylene terephthalate jars designed for the packaging of Mars' widely consumed pantry-sized treats. These recyclable jars boast a lighter weight compared to traditional alternatives and incorporate 15% post-consumer resin, contributing to environmental sustainability. This collaboration underscores a shared commitment to eco-friendly practices in packaging, aligning with the growing emphasis on sustainable solutions in the consumer goods industry.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:
• Pouches
• Bags
• Films & Wraps
• Rollstocks
• Other Types

Market by, Printing Technology:
• Flexography
• Digital Printing
• Rotogravure
• Other Printing Technologies

Market by, Material:
• Plastic Films
• Paper
• Bioplastics
• Aluminum Foil

Market by, End User:
• Food and Beverage
• Healthcare
• Cosmetics
• Other End Users

Market by, Geography:
The flexible plastic packaging market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

What Can be Explored with this Research Report:
• Understand the key trends that will drive the market and the challenges it faces in the current market scenario
• Identify growth opportunities
• Porter’s five force analysis
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth
• Historical and forecast size of the market in terms of revenue (USD Million)
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted

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Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges
4.5 Impact of COVID-19 on Flexible Plastic Packaging Market

5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global Flexible Plastic Packaging Market by, Type
6.1 Overview
6.2 Pouches
6.3 Bags
6.4 Films & Wraps
6.5 Rollstocks
6.5 Other Types

7 Global Flexible Plastic Packaging Market by, Printing Technology
7.1 Overview
7.2 Flexography
7.3 Digital Printing
7.4 Rotogravure
7.5 Other Printing Technologies

8 Global Flexible Plastic Packaging Market by, Material
8.1 Overview
8.2 Plastic Films
8.3 Paper
8.4 Bioplastics
8.5 Aluminum Foil

9 Global Flexible Plastic Packaging Market by, End User
9.1 Overview
9.2 Food and Beverage
9.3 Healthcare
9.4 Cosmetics
9.5 Other End Users

10 Global Flexible Plastic Packaging Market by, Geography
10.1 Overview
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 UK
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Australia
10.4.6 New Zealand
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 UAE
10.6.2 Saudi Arabia
10.6.3 Qatar
10.6.4 Iran
10.6.5 South Africa
10.6.6 Rest of Middle East & Africa

11 Key Developments

12 Company Profiling
12.1 Amcor plc
12.1.1 Business Overview
12.1.2 Product/Service Offering
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Activities
12.2 Bemis Company Inc
12.3 Sealed Air Corporation
12.4 Berry Global Inc
12.5 Constantia Flexibles
12.6 Coveris Holdings S.A
12.7 Huhtamaki Group
12.8 Mondi Group
12.9 Sonoco Products Company
12.10 Transcontinential Inc
12.11 Ampac Holding