Flexible Packaging Market by Material Type (Plastics, Flexible Foam, Paper, Aluminum Foils and Other Material Types); By Product Type (Stand-Up Pouches, Flat Pouches, Rollstock, Gusseted Bags, Wicketed Bags, Wraps and Other Product Types); By Printing Technology (Flexography, Rotogravure, Digital, and Others); By Application (Food And Beverage Packaging, Pharmaceutical Products, Personal Care Products, Agricultural Products, Tobacco Products and Other Applications); By Geography (North America, Asia-Pacific, Europe, South America and RoW), Industry Trends, Estimation & Forecast, 2017 – 2025
Flexible Packaging Market is expected to grow with a CAGR of XX% during the forecast period of 2018 to 2025.
Flexible packaging are bags, pouches, envelopes, wraps, and sachets prepared of easily yielding materials which, when filled and sealed, attains pliable shape. The flexible packaging is mainly composed of papers, plastics, and metals as the key components of flexible packaging products, which are made from film, foil, paper sheeting, laminated paper, and plastic layers. They find a range of application in the food, pharmaceutical, personal care, and many other sectors.
The emergence of bio-based and biodegradable plastics in food packaging, food service ware, shopping bags, fibers/nonwovens, and agricultural applications and increased food consumption to generate huge demands for flexible packaging are the major factors driving the growth of the global flexible packaging market. According to NCBI, total world population reached 7 billion just after 2010 and is expected to count 9 billion by 2045. This, in turn, will raise global food consumption and will ultimately raise the packaged food industry. Moreover, surging demands for consumer-friendly packages, and novel product designs working toward gaining consumer awareness, while lessening waste and reducing costs also propels the market growth.
Packaging materials are largely visible to the consumer, and there are extreme growing pressures from consumers, governments regulators, packaged product dealers, NGO’s and environmental federations for the development of environmentally friendly or green materials, packaging designs and end-of-life processes to enhance packaging sustainability by reducing its social and environmental impacts. Therefore, stringent regulatory protocols are imposed on the packaging industry which may hinder the market to grow. Furthermore, improved packaging practices and advancement in the processing technologies in the US and European countries such as the UK and Germany are expected to pose numerous growth opportunities for the market in the coming future.
Flexible packaging market is segmented on the basis of material type, product type, printing technology, application, and geography. By material type, the market is segmented into plastics, flexible foam, paper, aluminum foils, and other material types. Plastic generated the maximum revenue in the year 2017 and is expected to continue its dominance in the coming years. The high growth is attributed to the wide usage of plastics flexible packaging in the food and beverage industry.
On the basis of product type, the segmentation includes stand-up pouches, flat pouches, roll stock, gusseted bags, wicketed bags, wraps, and other product types. Flexography, rotogravure, digital and others (screen, offset, letterpress, etc.) are categorized in the printing technology segment. The application segment can be classified into food and beverage packaging, pharmaceutical products, personal care products, agricultural products, tobacco products and other applications (sporting goods and household products). Among application segment, food & beverage was the leading application driven by factors such as rising demand for packaged foods and the presence of foods manufacturers along with growing R&D expenditure to develop innovative products.
Geographical coverage has been considered for each of the major regions including North America, Europe, Asia-Pacific, South America and Rest of the World.
Market Players and Competitive Analysis
The report presents a detailed analysis of major players operating in the flexible packaging market. Few of them include Bemis Company, Inc., Mondi Group, Sonoco Products Company, Huhtamaki Group, Amcor Limited, Constantia Flexibles, Ampac Holdings LLC, Sealed Air Corporation, Berry Plastics Corporation, and Clondalkin among others.
Flexible packaging is one of the trending markets which is expected to grow rapidly in the coming years. Key players are developing highly advanced products to sustain in their competitive market. For instance, in the year 2018, Sonoco Products Company has launched new see-through ‘ClearGuard’ flexible pouch. It revolutionizes the fruit sauce industry by packaging the fruit product in transparent packaging, thus promoting safety, faith, and transparency by letting consumers to view the product before consuming.
Flexible Packaging Market Segmentation
By Material Type
- Flexible Foam
- Aluminum Foils
- Other Material Types
By Product Type
- Stand-up Pouches
- Flat Pouches
- Gusseted Bags
- Wicketed Bags
- Other Product Types
By Printing Technology
- Others (Screen, Offset, Letter Press, etc.)
- Food and Beverage Packaging
- Pharmaceutical Products
- Personal Care Products
- Agricultural Products
- Tobacco Products
- Other Applications (Sporting Goods and Household Products)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- South America
- Rest of South America
- Rest of the World
- Middle East
Table of Content
Flexible Packaging Market Key Players
- Bemis Company, Inc.
- Mondi Group
- Sonoco Products Company
- Huhtamaki Group
- Amcor Limited
- Constantia Flexibles
- Ampac Holdings LLC
- Sealed Air Corporation
- Berry Plastics Corporation
What Information does this report contain?
What was the market size of the Flexible Packaging Market in 2017 and the expected market size by 2025, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2017 – 2025)?
• Which are the leading companies in the Flexible Packaging Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?
You may also like
Household Range Hood Market by Product Type (Wall Mount Hoods, Island Mount Hoods, Under Cabinet Type Hoods, Downdraft Ventilation Hoods, Ventilator Power Pack Hoods, and Others); By Mode of Sale (Online, Offline); By Geography (North America, Asia-Pacific, Europe, South America, and RoW), Industry Trends, Estimation & Forecast, 2018 – 2026