Flexible Packaging Market PPT 2023: Size, Growth, Demand and Forecast Till 2028

Author: Elena Anderson Marketing Manager

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Global Flexible Packaging Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Flexible Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 023-2028

," the global flexible packaging market size reached US$ 130.6 Billion in 2022.

Flexible packaging is an economical packaging solution designed for protecting a product against external factors, such as moisture, dust, and ultraviolet (UV) rays. They are made of non-rigid materials, like foil, polyethylene, paper, polyvinyl chloride, plastic, and polyester, that can be molded into varying sizes and shapes. Some of the commonly acquired flexible packaging forms are pouches, roll stocks, sachets, paper bags, bubble wraps, and stock bags. They exhibit durability, enhanced safety, extended shelf life, are environment friendly, and offer ease of transportation and handling. Consequently, flexibles packaging solutions are extensively utilized in industries that require versatile packaging and branding, such as food and beverage (F&B), personal care, and pharmaceuticals.

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Global Flexible Packaging Market Trends:

A steadily increasing demand for lightweight packaging solutions across industries represents one of the key factors driving the global flexible packaging market growth. In line with this, flexible packaging solutions are cost-effective, durable, and convenient to use, which is contributing to their demand significantly. Rising environmental consciousness is acting as another major growth-inducing factor. Since flexible packaging is sustainable and recyclable and reduces product wastage, it is being widely preferred across end use industries as an ideal packaging solution.

Moreover, due to the COVID-19 pandemic and the consequent lockdowns, there is a growing preference for packed products through online retail channels. Individuals are increasingly expending on packed goods, including daily groceries, food items, and personal hygiene products, to reduce contact, which, in turn, is contributing to the market growth. Other factors, such as advancements in the packaging technology and rising utilization of flexible packaging in the nutraceutical sector, are creating a positive outlook for the market further.

Looking forward, the market value is projected to reach US$ 167.2 Billion by 2028, expanding at a CAGR of 4.1% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/flexible-packaging-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Product Type:

• Printed Rollstock

• Preformed Bags and Pouches

• Others

Breakup by Raw Material:

• Plastic

• Paper

• Aluminium Foil

• Cellulose

Breakup by Printing Technology:

• Flexography

• Rotogravure

• Digital

• Others

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Breakup by Application:

• Food & Beverages

• Pharmaceuticals

• Cosmetics

• Others

Regional Insights:

• Asia Pacific

• Europe

• North America

• Middle East and Africa

• Latin America

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Competitive Landscape with Key Players:

• Amcor Limited

• Bemis Company

• Berry Global Group, Inc

• Mondi Limited

• Sealed Air

• Aluflexpack AG

• Bak Ambalaj Sanayi

• Constantia Flexibles

• Clondalkin Group

• Danaflex Group

• DS Smith Plc

• Glenroy, Inc

• Huhtamaki PPL Limited

• Printpack, Inc

• ProAmpac Intermediate, Inc

1. What was the size of the global flexible packaging market in 2022?

2. What is the expected growth rate of the global flexible packaging market during 2023-2028?

3. What are the key factors driving the global flexible packaging market?

4. What has been the impact of COVID-19 on the global flexible packaging market?

5. What is the breakup of the global flexible packaging market based on the product type?

6. What is the breakup of the global flexible packaging market based on raw material?

7. What is the breakup of the global flexible packaging market based on the printing technology?

8. What is the breakup of the global flexible packaging market based on the application?

9. What are the key regions in the global flexible packaging market?

10. Who are the key players/companies in the global flexible packaging market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/flexible-packaging-market/toc

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