What Is The Current and Historic Market Size Analysis Of The Flexible Plastic Packaging Market?
The flexible plastic packaging market has seen considerable growth due to a variety of factors.
• The market size for flexible plastic packaging has shown considerable growth in the past few years. The growth forecasts predict an increase from $173.29 billion in 2024 to $182.07 billion in 2025, with a compound annual growth rate of 5.1%.
The increase during the historic period may be ascribed to factors such as consumer convenience, rising sustainability issues, growth in the food and beverages sector, attractive shelf display and branding, as well as improvements in transportation and logistics.
What Are The Predictions for The Flexible Plastic Packaging Market Size In The Coming Years?
The flexible plastic packaging market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, substantial growth is projected for the flexible plastic packaging market, which is anticipated to reach $238.1 billion by 2029, expanding at a compound annual growth rate (CAGR) of 6.9%.
Various factors such as e-commerce and home delivery, convenient features, customization and personalization, food waste reduction, and growth in emerging markets can be credited for this growth during the forecasted period. Key trends for the period include a heightened emphasis on health and hygiene, advanced barrier materials, alternatives to single-use plastics, digital printing and labeling, and technological progressions.
What Are The Essential Drivers Behind The Growth Of The Flexible Plastic Packaging Market?
The rise in the pharmaceutical sector is predicted to fuel the expansion of the flexible plastic packaging market. The pharmaceutical industry primarily involves the study, development, manufacturing, and distribution of drugs and medicines for disease prevention, diagnosis, treatment, and cure. The surging demand in the pharmaceutical industry can be linked to factors such as the aging populace, increasing incidence of chronic illnesses, innovation in medical technology, improved healthcare accessibility, and heightened awareness about health and wellness. Flexible plastic packaging, used commonly in the pharmaceutical industry for packaging items like blister packs, pouches, and sterile bags, offers protection, enhances shelf life, and simplifies usage. As an example, the Government of Canada reported in August 2024 that domestic exports in the pharmaceutical trade in 2022 rose to 12.79, while imports increased to 30.21 in 2022. Therefore, the rise in the pharmaceutical sector is contributing to the growth of the disintegration tester market.
How Is The Global Flexible Plastic Packaging Market Divided Into Key Segments?
The flexible plastic packaging market covered in this report is segmented –
1) By Type: Stand-Up Pouches, Flat Pouches, Rollstock, Gusseted Bags, Wicketed Bags, Wraps, Other Types
2) By Technology: Flexography, Rotogravure, Digital Printing, Other Technologies
3) By Application: Food, Beverage, Pharma And Health Care, Personal Care And Cosmetics, Other Applications
Subsegments:
1) By Stand-Up Pouches: Zippered Stand-Up Pouches, Spout Stand-Up Pouches
2) By Flat Pouches: Heat-Sealed Flat Pouches, Ziplock Flat Pouches
3) By Rollstock: Printed Rollstock, Non-Printed Rollstock
4) By Gusseted Bags: Bottom Gusseted Bags, Side Gusseted Bags
5) By Wicketed Bags: Wicketed Polyethylene Bags, Wicketed Paper Bags
6) By Wraps: Stretch Wraps, Shrink Wraps
7) By Other Types: Vacuum Bags, Bubble Mailers
Pre-Book The Flexible Plastic Packaging Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Future Of The Price Market?
The trend of introducing creative packaging to garner more client attention and increase the business's consumer demographic is significant in the flexible plastic packaging arena. Firms in this sector are centered on producing innovative and environment-friendly packaging answers for ultimate consumers. For instance, in April 2024, Amcor, a leading England-based packaging solutions company, rolled out packaging for its Eco Protect diapers that incorporated 30% recycled materials. The bags have post-consumer recycled content, offering a greener packaging option for the hypoallergenic diapers manufactured with authenticated, plant-based fibers.
Who Are the Key Players in the Flexible Plastic Packaging Market?
Major companies operating in the flexible plastic packaging market include:
• Constantia Flexibles International GmbH
• Amcor Ltd.
• Berry Global Inc.
• Clondalkin Group Holdings BV
• ProAmpac Holdings Inc.
• Coveris Flexibles UK Ltd.
• Bemis Company Inc.
• Bischof + Klein SE & Co KG
• Aluflexpack AG
• Cosmo Films Ltd.
• C-P Flexible Packaging
• Novolex Holdings LLC
• Swisspac USA
• Ultimate Packaging Pty Ltd.
• Mondi Group plc
• Sonoco Products Company
• Sealed Air Corporation
• TC Transcontinental Inc.
• Huhtamaki Oyj
• WestRock Company
• DS Smith plc
• Silgan Holdings Inc.
• Uflex Ltd.
• Winpak Ltd.
• Glenroy Inc.
• Printpack Inc.
• Schur Flexibles Group
• Huhtamaki PPL Ltd.
• Novolex Holdings Inc.
• InterFlex Group Europe Ltd.
• American Packaging Corporation
What are the Regional Insights into the Flexible Plastic Packaging Market?
Asia-Pacific was the largest region in the flexible plastic packaging market in 2024. The regions covered in the flexible plastic packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
