Global Flexible Packaging Market

Flexible Packaging – A Global Market Overview

Published Date: Jan 2025

Report Code: PKG030

Pages: 288

Charts: 230

Flexible Packaging Market Trends and Outlook

The Flexible Packaging refers to the industry segment focused on producing packaging materials made from flexible substrates like plastics, paper, aluminum foil, and laminates. These materials are used to create pouches, bags, wraps, and sachets, offering versatility, lightweight properties, and cost-effectiveness. Flexible packaging is widely adopted across industries such as food and beverages, pharmaceuticals, personal care, and consumer goods due to its convenience, extended shelf life, and reduced environmental footprint. Its adaptability to various shapes and sizes and enhanced sustainability appeal are driving its rapid growth globally.

Global Flexible Packaging Market Size

Flexible Packaging demand is estimated at US$266.7 billion in 2024 and projected to post a CAGR of 4.8% between 2024 and 2030 to reach US$353.8 billion by 2030. Increasing demand for lightweight, cost-effective, and eco-friendly packaging solutions across industries like food, pharmaceuticals, and personal care are some of the key driving factors for the flexible packaging market growth. Rising consumer preferences for convenient, resealable, and portable packaging have spurred innovation in flexible formats. The focus on reducing carbon footprints and adopting recyclable materials, coupled with technological advancements in printing and barrier properties, further propels the market. Additionally, the expansion of e-commerce and increasing consumption of packaged goods in emerging markets contribute to the growing demand for flexible packaging.

Flexible Packaging Regional Market Analysis

The Asia Pacific region holds the dominant position in the Flexible Packaging market, accounting for 38.7% in 2024, due to its large manufacturing base, cost-effective labor, and abundant availability of raw materials. The region's strong presence in the food and beverage, pharmaceutical, and consumer goods industries fuels demand for flexible packaging solutions. Rapid economic development and the increasing adoption of modern retail formats in countries like China, India, and Japan further strengthen its dominance. Additionally, significant investments in innovation and infrastructure by key players in the region support sustained leadership in the global flexible packaging market.

Asia-Pacific region is projected to be the fastest-growing market, with a CAGR of 5.6% during the forecast period 2024-2030. This growth is driven by rapid urbanization, population growth, and the expanding middle class in countries like China, India, and Southeast Asia. The increasing consumption of packaged foods, beverages, and personal care products drives demand for flexible packaging in these emerging economies. Additionally, the booming e-commerce sector, supported by improved logistics and distribution networks, has amplified the need for lightweight and durable packaging. Government initiatives to promote sustainable and cost-effective packaging solutions further accelerate market growth in the region.

Global Flexible Packaging Market by Region

Flexible Packaging Market Analysis by Product

Pouches is the leading Product in the Flexible Packaging market, with an estimated share of 38.9% in 2024, because they combine functionality, convenience, and cost efficiency. Their space-saving design reduces transportation costs, and their adaptability to various product types-from liquids to solids-makes them highly desirable. Moreover, advancements in barrier technologies have made pouches a reliable solution for preserving product quality and freshness, further boosting their popularity.

Pouches are also expected to record the fastest CAGR of 5.2% during the 2024-2030 forecast period due to their versatility, lightweight design, and ability to enhance product shelf life. They cater to a wide range of industries, such as food and beverages, pharmaceuticals, and personal care, offering features like resealable closures, spouts, and transparency. Additionally, pouches align with sustainability trends by using less material than rigid alternatives and supporting innovations in recyclable and biodegradable options.

Flexible Packaging Market Analysis by Material

The Plastic segment led the market with a 70.2% share in 2024, due to its durability, flexibility, and cost-effectiveness. It offers excellent barrier properties, protecting products from moisture, light, and contamination. The versatility of plastic allows it to be used for a wide variety of products, and innovations in recyclable and lightweight plastic solutions continue to reinforce its market dominance.

Bioplastic segment is expected to register the fastest CAGR of 5.8% during the forecast period 2024-2030, due to its increasing consumer and regulatory emphasis on sustainability. Derived from renewable sources like corn or sugarcane, bioplastics reduce dependency on fossil fuels and have a smaller carbon footprint. Many companies are transitioning to bioplastic packaging to meet eco-conscious consumer demand and comply with stricter environmental regulations, driving their rapid growth.

Flexible Packaging Market Analysis by Application

Food & Beverages is the leading Application in the Flexible Packaging market, with an estimated share of 60.3% in 2024, due to its extended shelf life, convenience, and cost efficiency. Flexible packaging offers excellent barrier properties, keeping products fresh and safe from external factors like moisture and contamination. Its lightweight, easy-to-use design caters to consumer preferences for portable, resealable, and sustainable packaging. With the growing demand for processed and ready-to-eat foods, flexible packaging continues to play a crucial role in this sector.

Pharmaceutical & Healthcare is expected to record the fastest CAGR of 5.7% during the 2024-2030 forecast period due to rising demand for secure, lightweight, and tamper-proof solutions to preserve drug efficacy. Flexible packaging, such as blister packs, sachets, and pouches, offers superior protection against moisture, oxygen, and contamination. Additionally, the increasing focus on personalized medicine, unit-dose packaging, and compliance with stringent regulatory standards is driving its adoption in the pharmaceutical industry.

Global Flexible Packaging Market by application

Flexible Packaging Market Report Scope

This global report on Flexible Packaging analyzes the market based on Product, Material, and Application for global and regional markets for 2021-2030 period with projections from 2024 to 2030 in terms of value in US$. In addition to providing profiles of major companies operating in this space, the latest corporate and industrial developments have been covered to offer a clear panorama of how and where the market is progressing.

Key Metrics

Historical Period:2021-2023
Base Year: 2024
Forecast Period:2024-2030
Units:Value market in US$
Companies Mentioned: 10+

Flexible Packaging Market by Geographic Region

  • North America (The United States, Canada, and Mexico)
  • Europe (France, Germany, Italy, Spain, the United Kingdom & Rest of Europe)
  • Asia-Pacific (Australia, China, India, Japan, South Korea & Rest of Asia-Pacific)
  • South America (Argentina, Brazil & Rest of South America)
  • Middle East & Africa (South Africa, Saudi Arabia & Rest of Middle East & Africa)

Flexible Packaging Market by Product

  • Pouches
  • Bags
  • Films & Wraps
  • Others

Flexible Packaging Market by Material

  • Plastic
  • Paper
  • Metal
  • Bioplastic

Flexible Packaging Market by Application

  • Food & Beverages
  • Pharmaceutical & Healthcare
  • Personal Care & Cosmetics
  • Others

Flexible Packaging Market Frequently Asked Questions (FAQs)

The global Flexible Packaging market is likely to grow at a CAGR of 4.8% during the 2024-2030 analysis period.

Based on the Application, Food & Beverages are estimated to dominate the market revenue share in 2024.

Pouches is the largest Product for the Flexible Packaging market.

Asia-Pacific is the fastest-growing region for the Flexible Packaging market.

In 2024, Asia Pacific accounted for the largest market share in the Flexible Packaging market.

Some factors driving demand for the Flexible Packaging market include its lightweight nature, cost-effectiveness, and growing consumer preference for convenient, sustainable, and innovative packaging solutions.

The global market size for Flexible Packaging is estimated to be US$266.7 billion in 2024 and US$353.8 billion by 2030.

The Flexible Packaging market report covers key segments which are Product, Material, Application and Region.

PART A: GLOBAL MARKET PERSPECTIVE
1. INTRODUCTION

  • Product Outline
  • Flexible Packaging Defined
  • Flexible Packaging Product
    • Pouches
    • Bags
    • Films & Wraps
    • Others
  • Flexible Packaging Material
    • Plastic
    • Paper
    • Metal
    • Bioplastic
  • Flexible Packaging Application
    • Food & Beverages
    • Pharmaceutical & Healthcare
    • Personal Care & Cosmetics
    • Others

2. Key Market Trends
3. Key Global Players

  • Amcor plc
  • Berry Global Inc.
  • Mondi Group
  • Sealed Air Corporation
  • Huhtamaki Oyj
  • Constantia Flexibles
  • Sonoco Products Company
  • ProAmpac LLC
  • Coveris Management GmbH
  • UFlex Limited
  • Sigma Plastics Group Inc.
  • Wipf AG

4. Key Business & Product Trends
5. Global Market Overview

  • Global Flexible Packaging Market Overview by Product
    • Flexible Packaging Product Market Overview by Global Region
      • Pouches
      • Bags
      • Films & Wraps
      • Others
  • Global Flexible Packaging Market Overview by Material
    • Flexible Packaging Material Market Overview by Global Region
      • Plastic
      • Paper
      • Metal
      • Bioplastic
  • Global Flexible Packaging Market Overview by Application
    • Flexible Packaging Applications Market Overview by Global Region
      • Food & Beverages
      • Pharmaceutical & Healthcare
      • Personal Care & Cosmetics
      • Others

PART B: REGIONAL MARKET PERSPECTIVE

  • Global Flexible Packaging Market Overview by Geographic Region

REGIONAL MARKET OVERVIEW
6. North America

  • North American Flexible Packaging Market Overview by Geographic Region
  • North American Flexible Packaging Market Overview by Product
  • North American Flexible Packaging Market Overview by Material
  • North American Flexible Packaging Market Overview by Application
  • Country-wise Analysis of North American Flexible Packaging Market
    • The United States
      • United States Flexible Packaging Market Overview by Product
      • United States Flexible Packaging Market Overview by Material
      • United States Flexible Packaging Market Overview by Application
    • Canada
      • Canadian Flexible Packaging Market Overview by Product
      • Canadian Flexible Packaging Market Overview by Material
      • Canadian Flexible Packaging Market Overview by Application
    • Mexico
      • Mexican Flexible Packaging Market Overview by Product
      • Mexican Flexible Packaging Market Overview by Material
      • Mexican Flexible Packaging Market Overview by Application

7. Europe

  • European Flexible Packaging Market Overview by Geographic Region
  • European Flexible Packaging Market Overview by Product
  • European Flexible Packaging Market Overview by Material
  • European Flexible Packaging Market Overview by Application
  • Country-wise Analysis of European Flexible Packaging Market
    • France
      • French Flexible Packaging Market Overview by Product
      • French Flexible Packaging Market Overview by Material
      • French Flexible Packaging Market Overview by Application
    • Germany
      • German Flexible Packaging Market Overview by Product
      • German Flexible Packaging Market Overview by Material
      • German Flexible Packaging Market Overview by Application
    • Italy
      • Italian Flexible Packaging Market Overview by Product
      • Italian Flexible Packaging Market Overview by Material
      • Italian Flexible Packaging Market Overview by Application
    • Spain
      • Spanish Flexible Packaging Market Overview by Product
      • Spanish Flexible Packaging Market Overview by Material
      • Spanish Flexible Packaging Market Overview by Application
    • The United Kingdom
      • United Kingdom Flexible Packaging Market Overview by Product
      • United Kingdom Flexible Packaging Market Overview by Material
      • United Kingdom Flexible Packaging Market Overview by Application
    • Rest of Europe
      • Rest of Europe Flexible Packaging Market Overview by Product
      • Rest of Europe Flexible Packaging Market Overview by Material
      • Rest of Europe Flexible Packaging Market Overview by Application

8. Asia-Pacific

  • Asia-Pacific Flexible Packaging Market Overview by Geographic Region
  • Asia-Pacific Flexible Packaging Market Overview by Product
  • Asia-Pacific Flexible Packaging Market Overview by Material
  • Asia-Pacific Flexible Packaging Market Overview by Application
  • Country-wise Analysis of Asia-Pacific Flexible Packaging Market
    • Australia
      • Australian Flexible Packaging Market Overview by Product
      • Australian Flexible Packaging Market Overview by Material
      • Australian Flexible Packaging Market Overview by Application
    • China
      • Chinese Flexible Packaging Market Overview by Product
      • Chinese Flexible Packaging Market Overview by Material
      • Chinese Flexible Packaging Market Overview by Application
    • India
      • Indian Flexible Packaging Market Overview by Product
      • Indian Flexible Packaging Market Overview by Material
      • Indian Flexible Packaging Market Overview by Application
    • Japan
      • Japanese Flexible Packaging Market Overview by Product
      • Japanese Flexible Packaging Market Overview by Material
      • Japanese Flexible Packaging Market Overview by Application
    • South Korea
      • South Korean Flexible Packaging Market Overview by Product
      • South Korean Flexible Packaging Market Overview by Material
      • South Korean Flexible Packaging Market Overview by Application
    • Rest of Asia-Pacific
      • Rest of Asia-Pacific Flexible Packaging Market Overview by Product
      • Rest of Asia-Pacific Flexible Packaging Market Overview by Material 
      • Rest of Asia-Pacific Flexible Packaging Market Overview by Application

9. South America

  • South American Flexible Packaging Market Overview by Geographic Region
  • South American Flexible Packaging Market Overview by Product
  • South American Flexible Packaging Market Overview by Material
  • South American Flexible Packaging Market Overview by Application
  • Country-wise Analysis of South American Flexible Packaging Market
    • Argentina
      • Argentina Flexible Packaging Market Overview by Product
      • Argentina Flexible Packaging Market Overview by Material
      • Argentina Flexible Packaging Market Overview by Application
    • Brazil
      • Brazilian Flexible Packaging Market Overview by Product
      • Brazilian Flexible Packaging Market Overview by Material
      • Brazilian Flexible Packaging Market Overview by Application
    • Rest of South America
      • Rest of South America Flexible Packaging Market Overview by Product
      • Rest of South America Flexible Packaging Market Overview by Material
      • Rest of South America Flexible Packaging Market Overview by Application

10. Middle East & Africa

  • Middle East & Africa Flexible Packaging Market Overview by Geographic Region
  • Middle East & Africa Flexible Packaging Market Overview by Product
  • Middle East & Africa Flexible Packaging Market Overview by Material
  • Middle East & Africa Flexible Packaging Market Overview by Application
  • Country-wise Analysis of Middle East & Africa Flexible Packaging Market
    • South Africa
      • South Africa Flexible Packaging Market Overview by Product
      • South Africa Flexible Packaging Market Overview by Material
      • South Africa Flexible Packaging Market Overview by Application
    • Saudi Arabia
      • Saudi Arabia Flexible Packaging Market Overview by Product
      • Saudi Arabia Flexible Packaging Market Overview by Material
      • Saudi Arabia Flexible Packaging Market Overview by Application
    • Rest of Middle East & Africa
      • Rest of Middle East & Africa Flexible Packaging Market Overview by Product
      • Rest of Middle East & Africa Flexible Packaging Market Overview by Material 
      • Rest of Middle East & Africa Flexible Packaging Market Overview by Application

PART C: GUIDE TO THE INDUSTRY
PART D: ANNEXURE
1. RESEARCH METHODOLOGY
2. FEEDBACK

Amcor plc
Berry Global Inc.
Mondi Group
Sealed Air Corporation
Huhtamaki Oyj
Constantia Flexibles
Sonoco Products Company
ProAmpac LLC
Coveris Management GmbH
UFlex Limited
Sigma Plastics Group Inc.
Wipf AG

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