Flexible Packaging Market to reach US$ 154.8 Bn by 2030 growing at CAGR of 5.2%,” according to ChemView Consulting’s Analyst.

According to a research survey conducted by ChemView Consulting, in 2022, the Global Flexible Packaging Market was worth US$ 103.2 Bn and is expected to grow at a CAGR of 5.2% over the forecast period. The market is expected to hit US$ 154.8 Bn by 2030 end.

The increased demand for packaged food, along with the ease of use and cost-effectiveness of flexible packaging, is driving market expansion. Flexible packaging combines the advantages of plastic, paper, and aluminum foil without losing printability, durability, barrier protection, freshness, or ease of use. Furthermore, because of its considerable energy and environmental benefits, flexible packaging is becoming increasingly popular.

ChemView Consulting has analysed that the growing customer preference for on-the-go and online food delivery drives global demand for flexible plastic packaging. Flexible plastic packaging is widely used in e-commerce shopping because it is waterproof, robust, lightweight, and easily recyclable.

Manufacturers’ development of new packaging types such as biodegradable films, collapsible pouches, bag-in-box, and others will expand the flexible plastic packaging market.

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Segments Covered in Report

By Material:

  • Oil Base Polymers
  • Bio-Plastics

By Product:

  • Pouches
  • Bags & Sacks
  • Tubes
  • Sleeve Labels
  • Films & Wraps

By Packaging:

By End-Use:

  • Food
  • Beverages
  • Personal Care
  • Homecare
  • Pharmaceuticals
  • Industrial Packaging
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways

  • Based on material, bans on non-biodegradable and single-use plastics in many countries, as well as government programs encouraging the use of bio-plastics, are generating chances for market expansion. The continued emphasis on eco-friendly packaging options and recycling requirements will drive sales of bio-plastics.
  • Based on product, Flexible plastic films and wraps are lightweight, robust, and offer great protection to many objects, particularly when traveling. The rising trend of on-the-go meals will continue to drive flexible plastic film packaging sales.
  • Based on end-use, The rise in demand for packaged food and the establishment of restaurants are likely to produce the greatest need over the projection period. Expansion of the food service industry will also continue to be a key development driver. The continued emphasis on lightweight yet durable packaging solutions will drive demand for flexible packaging in the food industry.
  • Based on region, Asia Pacific region held the greatest market share in 2021. Factors such as a better global economy, increased labor, and increased domestic demand for ready-to-eat and convenience food items are projected to drive the flexible plastic packaging industry.

Competition Summary

Key companies covered in the market study are Amcor Ltd, Constantia Flexibles Group GmbH, Berry Global Group, Inc, Huhtamäki Oyj, Sonoco Products Company, Bemis Company, Inc., Sealed Air Corporation, AR Packaging Group AB, Mondi Group, DS Smith Plc, CCL Industries Inc and Uflex Ltd.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

  • Full-time research experts and subject matter experts
  • In-house primary research team
  • The in-house data visualization team
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