Non-rigid plastic packaging that changes shape based on the product being packaged
Market Overview
Applications: Food, household products, medical products, personal care products, and other industries
Driven by convenience, sustainability, and technological advancements
CAGR: 3.60% during the forecast period
Market Value & Growth Projections
Market Value & Growth Projections
Market Statistics
Global Market Size (2023):
USD 91,410 million
Projected Value (2032):
USD 125,669.97 million
North America Market Size (2023):
USD 25,314.8 million
North America CAGR: 3.09%
Key Market Drivers:
Increased demand in food industry for convenience and sustainability
Growing preference for lightweight and cost-effective packaging
Technological advancements in materials and printing
Innovation in recyclable and biodegradable solutions
Market Segmentation
By Type
By Application
Pouches
Bags
Films
Other
Food
Drinks
Personal Care and Cosmetics
Pharmaceutical
Key Market Players
Sonoco Products Company Schur
Mondi Group
Regional Market Analysis
North America: Steady growth with focus on innovation and sustainability; Market Size (2023): USD 25,314.8 million
Europe: Characterized by stringent ecofriendly regulations and high consumer awareness
Asia-Pacific: Significant growth potential driven by expanding food & beverage sectors
Middle East & Africa: Evolving market with shift toward sustainable solutions
South & Central America: Rising disposable income increasing consumption of packaged goods
