Flexible Packaging Market Size, Share & Trends Report

Flexible Packaging Market Size, Share & Trends Analysis Report By Material (Plastics, Paper, Metal, Bioplastics), By Product (Pouches, Bags), By Application (Food & Beverage, Pharmaceutical), By Region, And Segment Forecasts, 2024 - 2030

Report ID: 978-1-68038-504-5
Number of Pages: 155
Format: Electronic (PDF)

Historical Range: 2018 - 2022
Industry: Bulk Chemicals

Market Segmentation

Flexible Packaging Material Outlook (Revenue, USD Billion, 2018 - 2030)
- Plastic
- Paper
- Metal
- Bioplastic
Flexible Packaging Product Outlook (Revenue, USD Billion, 2018 - 2030)
- Pouches
  - Retort Pouches
  - Refill Pouches
- Bags
- Films & Wraps
  - Stretch & Shrink Labels
- Others
Flexible Packaging Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Food & Beverage
- Pharmaceutical
- Cosmetics
- Others
Flexible Packaging Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
  - North America Flexible Packaging Market, By Material
  - North America Flexible Packaging Market, By Product
    - Pouches
      - Retort Pouches
      - Refill Pouches
    - Bags
    - Films & Wraps
      - Stretch & Shrink Labels
    - Others
  - North America Flexible Packaging Market, By Application
  - U.S.
    - U.S. Flexible Packaging Market, By Material
    - U.S. Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - U.S. Flexible Packaging Market, By Application
  - Canada
    - Canada Flexible Packaging Market, By Material
    - Canada Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Canada Flexible Packaging Market, By Application
  - Mexico
    - Mexico Flexible Packaging Market, By Material
    - Mexico Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Mexico Flexible Packaging Market, By Application
- Europe
  - Europe Flexible Packaging Market, By Material
  - Europe Flexible Packaging Market, By Product
    - Pouches
      - Retort Pouches
      - Refill Pouches
    - Bags
    - Films & Wraps
      - Stretch & Shrink Labels
    - Others
  - Europe Flexible Packaging Market, By Application
  - Germany
    - Germany Flexible Packaging Market, By Material
    - Germany Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Germany Flexible Packaging Market, By Application
  - France
    - France Flexible Packaging Market, By Material
    - France Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - France Flexible Packaging Market, By Application
  - UK
    - UK Flexible Packaging Market, By Material
    - UK Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - UK Flexible Packaging Market, By Application
  - Italy
    - Italy Flexible Packaging Market, By Material
    - Italy Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Italy Flexible Packaging Market, By Application
  - Spain
    - Spain Flexible Packaging Market, By Material
    - Spain Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Spain Flexible Packaging Market, By Application
- Asia Pacific
  - Asia Pacific Flexible Packaging Market, By Material
  - Asia Pacific Flexible Packaging Market, By Product
    - Pouches
      - Retort Pouches
      - Refill Pouches
    - Bags
    - Films & Wraps
      - Stretch & Shrink Labels
    - Others
  - Asia Pacific Flexible Packaging Market, By Application
  - China
    - China Flexible Packaging Market, By Material
    - China Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - China Flexible Packaging Market, By Application
  - India
    - India Flexible Packaging Market, By Material
    - India Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - India Flexible Packaging Market, By Application
  - Japan
    - Japan Flexible Packaging Market, By Material
    - Japan Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Japan Flexible Packaging Market, By Application
  - Australia
    - Australia Flexible Packaging Market, By Material
    - Australia Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Australia Flexible Packaging Market, By Application
  - South Korea
    - South Korea Flexible Packaging Market, By Material
    - South Korea Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - South Korea Flexible Packaging Market, By Application
  - Thailand
    - Thailand Flexible Packaging Market, By Material
    - Thailand Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Thailand Flexible Packaging Market, By Application
  - Indonesia
    - Indonesia Flexible Packaging Market, By Material
    - Indonesia Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Indonesia Flexible Packaging Market, By Application
  - Singapore
    - Singapore Flexible Packaging Market, By Material
    - Singapore Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Singapore Flexible Packaging Market, By Application
  - Vietnam
    - Vietnam Flexible Packaging Market, By Material
    - Vietnam Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Vietnam Flexible Packaging Market, By Application
  - Myanmar
    - Myanmar Flexible Packaging Market, By Material
    - Myanmar Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Myanmar Flexible Packaging Market, By Application
  - Malaysia
    - Malaysia Flexible Packaging Market, By Material
    - Malaysia Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Malaysia Flexible Packaging Market, By Application
- Central & South America
  - Central & South America Flexible Packaging Market, By Material
  - Central & South America Flexible Packaging Market, By Product
    - Pouches
      - Retort Pouches
      - Refill Pouches
    - Bags
    - Films & Wraps
      - Stretch & Shrink Labels
    - Others
  - Central & South America Flexible Packaging Market, By Application
  - Brazil
    - Brazil Flexible Packaging Market, By Material
    - Brazil Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Brazil Flexible Packaging Market, By Application
  - Argentina
    - Argentina Flexible Packaging Market, By Material
    - Argentina Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Argentina Flexible Packaging Market, By Application
- Middle East & Africa
  - Middle East & Africa Flexible Packaging Market, By Material
  - Middle East & Africa Flexible Packaging Market, By Product
    - Pouches
      - Retort Pouches
      - Refill Pouches
    - Bags
    - Films & Wraps
      - Stretch & Shrink Labels
    - Others
  - Middle East & Africa Flexible Packaging Market, By Application
  - South Africa
    - South Africa Flexible Packaging Market, By Material
    - South Africa Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - South Africa Flexible Packaging Market, By Application
  - Saudi Arabia
    - Saudi Arabia Flexible Packaging Market, By Material
    - Saudi Arabia Flexible Packaging Market, By Product
      - Pouches
        
        Retort Pouches
        
        Refill Pouches
      - Bags
      - Films & Wraps
        
        Stretch & Shrink Labels
      - Others
    - Saudi Arabia Flexible Packaging Market, By Application

Flexible Packaging Market Dynamics

Driver: Growing Importance Of Increasing Food Shelf Life And Reducing Food Wastage

Food wastage is a major concern today globally. The primary reasons for food wastage are spoiled food due to improper packaging and excessive food production beyond consumption requirements. Although the latter one, i.e., the gap between excessive production and consumption requirements depends on the consumer level, the lack of adequate food packaging systems often results in food being dumped into landfills. According to The World Bank Group report on Solid Waste Management 2050, food waste accounts for over 44.0% of the overall solid waste dumped into landfills annually. According to the Flexible Packaging Association, nearly 34.7 million tons of all produced food is sent to landfills annually. Food waste generates 27.0 million tons of carbon dioxide. In addition, there are other indirect effects of food production on the environment, which include the greenhouse gases generated from cattle breeding, farm machinery, vehicles that transport food, and nutrient runoff from fertilizers that often lead to water pollution.

Extending food shelf life is necessary to reduce the amount of food waste dumped in landfills. The term "shelf life" describes the period any food product can be stored without becoming unfit for consumption. Oxygen and moisture affect the freshness of food products, thereby rendering them unsafe for consumption due to mold formation on food products. The shelf life of food products depends on factors such as storage conditions, packaging material, and exposure to microorganisms, oxygen, light, and moisture. The flexible packaging consists of plastic films with high barrier properties.

Driver: Growing Adoption Of Sustainable And Cost-Effective Packaging By End Users

Traditional rigid packaging consists of glass, metal, and plastic-based packaging containers. Glass and metals are fully recyclable and some types of plastics are recyclable. However, the recyclability of materials is just one of the parameters of a packaging product’s life cycle assessment. Cost-effectiveness is a term being used across the packaging sector, wherein emphasis is being given to considering the other aspects that can impact the packaged product cost. The overall cost of the packaged product is not just limited to the packaging cost and the cost of contents within it but also includes the logistics cost, fuel surcharges, and material handling.

These parameters have a significant impact on the total cost of packaging. The impact of these parameters is reflected in the cost of goods the consumers purchase. This is mostly related to traditional rigid packaging. End users such as food & beverage manufacturers, pharmaceutical companies, chemical companies, and cosmetics companies, among others, cannot pass on this cost to the consumers since it can impact their market position and change consumer preference.

Restraint: Fluctuations In Raw Materials Prices

Plastic resins used for producing plastic films, kraft paper, and aluminum foil are the key raw materials used in manufacturing flexible packaging materials. Plastic resins are derived from crude oil and therefore, any price fluctuation related to crude oil is expected to affect the raw material pricing, further restricting the consumption of plastics in flexible packaging. Fluctuating reseller margins coupled with the unavailability of raw materials contribute to price escalation. The wide supply-demand gap is contributing to price volatility.

The sales and profitability of a manufacturer are dependent on the availability and cost of raw materials, labor, and other inputs. Raw material contributes significantly to the final product cost. According to the information provided by the Sonoco Products Company, most raw materials used by flexible packaging manufacturers are purchased from third parties. Major raw materials are plastic resin, recovered paper, and aluminum. Prices and availability of these raw materials are subject to substantial fluctuations that are beyond the control of their suppliers due to factors such as resource availability, currency, and commodity price fluctuations, changing economic conditions, inflation, tariffs, transportation costs, weather conditions, and natural disasters, war, political unrest, and instability, such as the ongoing military conflict between Russia and Ukraine, and other factors impacting supply and demand pressures.

What Does This Report Include?

This section will provide insights into the contents included in this flexible packaging market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Flexible packaging market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Flexible packaging market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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