The Global Flexible Paper Packaging Market Size is valued at 66.11 billion in 2023 and is predicted to reach 87.89 billion by the year 2031 at a 3.77% CAGR during the forecast period for 2024-2031.
Flexible packaging is a type of packaging that is more adjustable and cost-effective. It is a relatively recent approach in the packaging business that is popular due to its low cost and excellent efficiency. The pharmaceutical industry's increased use of aluminum foils, blister plastic films, and pouches is driving the flexible packaging market expansion.
The widespread use of paper and plastic films to replace glass and rigid polymers in blister material has resulted in the multiple uses of paper and plastic films. Because of their inexpensive cost, lidding films are often utilized in blister packs, followed by aluminum foil. Cosmetics and personal care products, food and drinks, and pharmaceutical goods manufacturers focus on automating packaging functions for offerings and products.
Demand for packaging solutions is increasing due to the introduction of automatic packaging equipment, which raises the need for flexible packaging among significant worldwide end users.
However, the COVID-19 outbreak harmed various businesses, including beverages, pharmaceuticals, and food. Because of the lockdown, transportation and material supply were mainly hampered, and food outlets and restaurants were closed, reflecting the market's expansion. Several industrial units were forced to shut down due to insufficient finances, workers, and raw supplies. The flexible packaging market revenue is expected to increase following the pandemic emergency.
The flexible paper packaging market is segmented on the basis of packaging type, printing technology, embellishing type, and application. Based on packaging type, the market is segmented as pouches, roll-stocks, shrink sleeves, wraps, and others. The printing technology segment includes flexography, rotogravure, digital printing, and others. By embellishing type, the market is segmented into hot foil, cold foil, and others. The applications segment includes food, other beverages, wines & spirits, healthcare, beauty & personal care, and others.
The hot coil category is expected to hold a significant share of the global flexible paper packaging market in 2024. The hot coil decoration is widely employed in a wide range of end-use verticals. Hot foil is also known as hot stamping foil, and it is a technique for transferring foils to a heated surface. The section is widely used for food and beverage packaging, such as wine and liquor bottles, premium chocolate, and other luxury goods, as well as electronics, greeting cards, business cards, artwork, and business cards. As a result, these variables increase segment demand in diverse applications, resulting in segment growth.
The food segment is projected to grow at a rapid rate in the global flexible paper packaging market. Flexible packaging was first used in the food industry, and the availability of easy packaging in ready-to-eat foods, snacks, frozen dinners, and cake mixes has increased. Flexible packaging is commonly used to encapsulate food and beverage items of any size or form. Flexible packaging is available in pouches, wraps, and flexible containers for both main and secondary applications.
The North American flexible paper packaging market is expected to record the highest market share in terms of revenue in the near future. E-commerce, digital printing, and sustainability are driving revenue growth. The North American Flexible Paper Packaging Market is expected to expand over the forecast period, owing to the presence of key industry players such as Bemis Company, Inc., Sonoco Products Company, Berry Plastics Group, Inc., Innovia Films, Printpack, FlexPak Services LLC, Sealed Air Corporation, and Transcontinental Inc. Additionally, over the projected period, the Asia Pacific flexible paper packaging market is expected to develop at the quickest Rate. Increasing disposable income, changing lifestyles, and growing customer need for simple packaging solutions are the primary factors driving APAC market growth. Increasing investment in various end-user sectors in the region, including healthcare, food and beverage, boosts demand for flexible packaging.
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 66.11 Bn |
|
Revenue forecast in 2031 |
USD 87.89 Bn |
|
Growth rate CAGR |
CAGR of 3.75% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, Volume (Tons), and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Packaging Type, Printing Technology, Embellishing Type, And Application |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Amcor Limited, Mondi group, Sonico products company, Sealed air corporation, Huhtamaki OYJ, Sappi global, DS Smith, Coveris Holdings SA, Sabert, and Wihuri. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Flexible Paper Packaging Market Snapshot
Chapter 4. Global Flexible Paper Packaging Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Packaging Type Estimates & Trend Analysis
5.1. by Packaging Type & Market Share, 2023 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Packaging Type:
5.2.1. Pouches
5.2.2. Rollstock
5.2.3. Shrink Sleeves
5.2.4. Wraps
5.2.5. Others
Chapter 6. Market Segmentation 2: by Printing Technology Estimates & Trend Analysis
6.1. by Printing Technology & Market Share, 2023 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Printing Technology:
6.2.1. Rotogravure
6.2.2. Flexography
6.2.3. Digital Printing
6.2.4. Others
Chapter 7. Market Segmentation 3: by Embellishing Type Estimates & Trend Analysis
7.1. by Embellishing Type & Market Share, 2023 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Embellishing Type:
7.2.1. Hot Coil
7.2.2. Cold Coil
7.2.3. Others
Chapter 8. Market Segmentation 4: by Application Estimates & Trend Analysis
8.1. by Application & Market Share, 2023 & 2031
8.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
8.2.1. Food
8.2.2. Wines & Spirits
8.2.3. Beverages
8.2.4. Healthcare
8.2.5. Beauty & Personal Care
8.2.6. Others
Chapter 9. Flexible Paper Packaging Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Packaging Type, 2023-2031
9.1.2. North America Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Printing Technology, 2023-2031
9.1.3. North America Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Embellishing Type, 2023-2031
9.1.4. North America Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2023-2031
9.1.5. North America Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2023-2031
9.2. Europe
9.2.1. Europe Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Packaging Type, 2023-2031
9.2.2. Europe Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Printing Technology, 2023-2031
9.2.3. Europe Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Embellishing Type, 2023-2031
9.2.4. Europe Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2023-2031
9.2.5. Europe Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2023-2031
9.3. Asia Pacific
9.3.1. Asia Pacific Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Packaging Type, 2023-2031
9.3.2. Asia Pacific Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Printing Technology, 2023-2031
9.3.3. Asia-Pacific Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Embellishing Type, 2023-2031
9.3.4. Asia-Pacific Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2023-2031
9.3.5. Asia Pacific Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2023-2031
9.4. Latin America
9.4.1. Latin America Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Packaging Type, 2023-2031
9.4.2. Latin America Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Printing Technology, 2023-2031
9.4.3. Latin America Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Embellishing Type, 2023-2031
9.4.4. Latin America Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2023-2031
9.4.5. Latin America Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2023-2031
9.5. Middle East & Africa
9.5.1. Middle East & Africa Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Packaging Type, 2023-2031
9.5.2. Middle East & Africa Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Printing Technology, 2023-2031
9.5.3. Middle East & Africa Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Embellishing Type, 2023-2031
9.5.4. Middle East & Africa Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2023-2031
9.5.5. Middle East & Africa Flexible Paper Packaging Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2023-2031
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Amcor limited
10.2.2. Mondi Group
10.2.3. Sonico products company
10.2.4. Sealed air corporation
10.2.5. Huhtamaki OYJ
10.2.6. Sappi Global
10.2.7. DS Smith
10.2.8. Coveris Holdings SA
10.2.9. Sabert
10.2.10. Wihuri
10.2.11. Visy Proprietary Limited
10.2.12. Tupperware Brands
10.2.13. Silgan
10.2.14. Reynolds Packaging
10.2.15. Jujo Thermal
10.2.16. Linpac Packaging
10.2.17. Dart Container Corporation
10.2.18. D&W Fine Pack
10.2.19. Genpak
10.2.20. Other Prominent Players
Flexible Paper Packaging Market By Packaging Type-
Flexible Paper Packaging Market By Printing Technology-
Flexible Paper Packaging Market By Embellishing Type-
Flexible Paper Packaging Market By Application-
Flexible Paper Packaging Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
