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.
Recent Developments:
- In January 2022, Amcor launched a new paper-based packaging platform. AmFiber products provide customers with superior performance and differentiation across a wide range of applications. AmFiber technologies strive to reinvent the capabilities of traditional paper packaging by delivering a broader range of features and functional benefits to match consumers' changing needs.
Competitive Landscape:
Some of the Flexible Paper Packaging Market players are:
- Amcor limited.
- Mondi Group
- Sonico products company
- Sealed air corporation
- Huhtamaki OYJ
- Sappi Global
- DS Smith
- Coveris Holdings SA
- Sabert
- Wihuri
- Visy Proprietary Limited
- Tupperware Brands
- Silgan
- Reynolds Packaging
- Jujo Thermal
- Linpac Packaging
- Dart Container Corporation
- D&W Fine Pack
- Genpak
Market Segmentation:
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.
Based On Embellishing Type, The Hot Coil Segment Is Accounted As A Substantial Contributor To The Flexible Paper Packaging Market
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 Witnessed Growth At A Rapid Rate
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 America Flexible Paper Packaging Market Holds A Significant Revenue Share In The Region
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.
Flexible Paper Packaging Market Report Scope:
|
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. |
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