USD 261.5 billion
Report ID:
SQMIG15H2105 |
Region:
Global |
Published Date: May, 2025
Pages:
195
|Tables:
120
|Figures:
73
Global Converted Flexible Packaging Market size was valued at USD 261.5 billion in 2023 and is poised to grow from USD 273.01 billion in 2024 to USD 385.28 billion by 2032, growing at a CAGR of 4.4% during the forecast period (2025-2032).
Growing demand for packaged and processed food products, rising emphasis on sustainability, growth of the e-commerce industry, advancements in printing and barrier materials, and increasing use in healthcare products are slated to bolster the adoption of converted flexible packaging going forward.
As urbanization and busy lifestyles increase globally, consumer preference for convenient, ready-to-eat, and processed foods is rising, which cements the demand for converted flexible packaging. Sustainability pressures are pushing brands to adopt lightweight, recyclable, and resource-efficient packaging solutions. The rapid expansion of e-commerce and direct-to-consumer (D2C) models has transformed packaging requirements, especially for food, personal care, and pharmaceuticals, which boosts converted flexible packaging market growth through 2032. Innovations in digital and flexographic printing are making flexible packaging more visually appealing and brand-centric. Adoption of converted flexible packaging for medical devices, over-the-counter drugs, and pharmaceutical products due to its sterility, compliance, and ease of use is also rising rapidly.
On the contrary, recycling challenges and limited infrastructure, volatility in raw material prices, product integrity issues in extreme conditions, and packaging waste policies are anticipated to hamper the global converted flexible packaging market penetration across the study period.
How Smart and Digital Technologies are Improving Converted Flexible Packaging?
Digital printing is revolutionizing converted flexible packaging by enabling high-resolution, customizable designs with lower lead times and setup costs. This supports SKU proliferation, seasonal campaigns, and personalized packaging in industries like food, beverages, and cosmetics. Additionally, smart packaging features such as QR codes, NFC tags, and thermochromic inks are being integrated to boost traceability, interactivity, and brand engagement. These technologies allow real-time tracking, anti-counterfeiting, and consumer data collection. As brands seek to improve customer experience and supply chain visibility, the fusion of digital printing with smart technologies is becoming a strategic asset in driving competitive differentiation and consumer loyalty.
Market snapshot - 2025-2032
Global Market Size
USD 261.5 billion
Largest Segment
Plastic
Fastest Growth
Biodegradable Materials
Growth Rate
4.4% CAGR
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Global Converted Flexible Packaging Market is segmented by Material Type, Product Type, End Use Industry, Process Type, Barrier Level and region. Based on Material Type, the market is segmented into Glass, Metal, Paper and Plastic. Based on Product Type, the market is segmented into Bags, Cartons, Flexible Films, Labels and Pouches. Based on End Use Industry, the market is segmented into Food And Beverage, Industrial, Personal Care and Pharmaceutical. Based on Process Type, the market is segmented into Coating, Extrusion, Lamination and Printing. Based on Barrier Level, the market is segmented into High Barrier, Low Barrier and Medium Barrier. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The plastic segment is slated to spearhead the global converted flexible packaging market revenue generation potential going forward. Excellent moisture resistance, lightweight, and durable characteristics of plastic make it a preferred material for different types of packaging solutions. Robust barrier protection and tamper resistance offered by plastic is also helping cement the dominance of this segment.
On the other hand, the demand for biodegradable materials is slated to rise at a robust pace as per this global converted flexible packaging industry analysis. High emphasis on sustainability and bans on use of plastic are slated to help this segment generate new opportunities. Advancements in material science and technology also help boost business scope via this segment.
The food and beverages segment is forecasted to hold the highest global converted flexible packaging market share going forward. Surging demand for convenience and on-the-go food products is expected to help this segment maintain its dominant stance. High-barrier flexible films, vacuum-sealed pouches, and resealable bags are some of the popularly used flexible packaging solutions in this industry.
Meanwhile, the demand for converted flexible packaging in the pharmaceutical segment is slated to rise at an impressive pace over the coming years. Rapidly increasing pharmaceutical manufacturing and need for secure, tamper-evident packaging are helping generate new moneymaking opportunities via this industry.
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Rapid urbanization, expanding middle-class income, and rising demand for convenient packaged goods are primarily cementing the high share of Asia Pacific on a global level. Surge in consumption of food, pharmaceuticals, and personal care products in Asian countries is also slated to create new opportunities for market players. Strong growth in e-commerce and organized retail are also contributing to the dominance of this region in terms of converted flexible packaging demand. Foreign direct investment and the expansion of multinational FMCG brands into Asian countries can also boost business scope.
High precision, compact designs, and environmental responsibility are key factors characterizing the demand for converted flexible packaging in Japan. The country is a global leader in packaging machinery, supporting high-quality production. Consumers demand hygienic, resealable, and space-efficient formats, especially for on-the-go consumption. Japan’s cultural attention to packaging detail continues to drive innovation and consumer loyalty in flexible formats.
Dynamic e-commerce landscape, beauty industry, and tech-savvy consumer base are boosting the adoption of converted flexible packaging in South Korea. K-food and K-beauty exports are driving up the demand for functional and visually appealing converted flexible packaging solutions. QR code-enabled smart packaging for authenticity and consumer engagement is gaining popularity. With a fast-paced lifestyle, demand for microwavable and ready-meal flexible packaging formats is rising. South Korea’s design-centric culture supports high adoption of value-added features such as matte finishes and tactile coatings.
Prioritization of convenience and sustainability by North American consumers is pushing brands toward recyclable and compostable packaging formats. Presence of mature food, healthcare, and retail sectors are also responsible for boosting the demand for converted flexible packaging in this region. Resealable pouches, barrier films, and stand-up bags for snacks, meats, and pharmaceuticals are highly popular in North America. Strict FDA regulations and a strong emphasis on shelf-life and hygiene improvement are also making this region the fastest expanding one in the world.
High consumer preference for convenience, on-the-go formats, and sustainable packaging allow United States to emerge as a major market for converted flexible packaging companies. Stand-up pouches, barrier films, and resealable bags are the most widely used converted flexible packaging solutions. Increasing pressure for environmental compliance is steering the market toward mono-materials, compostables, and post-consumer recycled content within flexible formats. Expansion of pharmaceutical sector, rise in e-commerce activity, and growing demand for packaged and convenience foods are also helping cement the dominance of the United States in North America.
Government initiatives promoting circular packaging systems and reduced single-use plastics adoption are key factors influencing converted flexible packaging adoption in Canada. High preference for resealable and recyclable pouches for snacks, dairy, and frozen foods among consumers in the country is also driving revenue. Use of converted flexible packaging that is compliant with regulations and child-resistant is gaining traction in healthcare and cannabis packaging applications. Demand for premium, custom-printed flexible packaging formats is slated to expand the business scope of market players in the long run.
Europe is an established market for converted flexible packaging providers owing to high emphasis on sustainability, regulatory compliance, and circular economy goals by Europeans. High preference for premium, eco-friendly packaging, especially for organic and gourmet products among consumers is also expected to favor the adoption of converted flexible packaging. Innovation in biodegradable materials and compostable laminates are also expected to expand the business scope for market players in the long run.
The excellent balance of functionality, sustainability, and cost efficiency offered by converted flexible packaging is making it highly popular in the United Kingdom. Food, beverage, healthcare, and pet care sectors are estimated to bring in the most revenue for converted flexible packaging companies operating in the country. Flexible formats like stand-up pouches, flow wraps, and sachets are slated to be highly popular among British consumers. The U.K. Plastics Pact and Extended Producer Responsibility legislation are reshaping packaging design and offering new opportunities for packaging innovators.
Strong environmental policies, high-quality manufacturing standards, and a demand for recyclable, multi-functional packaging influence the adoption of converted flexible packaging in Germany. The Green Dot system and strict waste segregation laws influence design choices, favoring mono-materials and compostable films. Automation in packaging lines allows for cost-effective production of pouches, wraps, and blister packs. The country’s leading position in machinery manufacturing also boosts domestic output.
Emphasis on luxury presentation and sustainability is slated to influence the market for converted flexible packaging in France. High-end food, wine, and beauty brands are investing in the adoption of converted flexible packaging to preserve quality and improve aesthetics of their offerings. Government-led plastic bans and recycling mandates are steering companies toward recyclable mono-materials and paper-based composites. Boutique brands increasingly use flexible pouches for artisanal and organic offerings. Customization and elegant design are highly crucial in determining the success of converted flexible packaging brands operating in the country.
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Sustainability and Shift Toward Lightweight Materials
Cost Efficiency and Versatility Over Rigid Packaging
Product Integrity Concerns in Extreme Conditions
Regulatory Compliance and Packaging Waste Policies
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Converted flexible packaging manufacturers should focus on product innovation to stand out from the competition. Use of attractive printing and other technologies to make packaging more attractive and aesthetic can also help create new opportunities for companies as per this global converted flexible packaging market analysis. Investing in emerging countries is also expected to be a popular strategy in the long run.
Converted flexible packaging startups have a wide scope from innovation from materials to form factor, which is why the startup landscape for this industry is highly rewarding. Here are a couple of startups that are slated to change the future of flexible packaging.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, high emphasis on sustainability and versatility over rigid packaging are slated to boost the sales of converted flexible packaging solutions in the long run. However, regulatory concerns over packaging waste and product integrity concerns in extreme environments are expected to hurt the demand for converted flexible packaging in the future. The Asia Pacific region is forecasted to account for a dominant share of global converted flexible packaging demand outlook owing to high demand for convenient packaged goods backed by rapid urbanization. Expansion into emerging markets and development of packaging solutions with mono-materials are slated to be key trends driving the converted flexible packaging sector through 2032.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 261.5 billion |
Market size value in 2032 | USD 385.28 billion |
Growth Rate | 4.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Converted Flexible Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Converted Flexible Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Converted Flexible Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Converted Flexible Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Converted Flexible Packaging Market size was valued at USD 260.09 Billion in 2023 and is poised to grow from USD 269.8 Billion in 2024 to USD 358.03 Billion by 2032, growing at a CAGR of 3.6% during the forecast period (2025-2032).
Converted flexible packaging manufacturers should focus on product innovation to stand out from the competition. Use of attractive printing and other technologies to make packaging more attractive and aesthetic can also help create new opportunities for companies as per this global converted flexible packaging market analysis. Investing in emerging countries is also expected to be a popular strategy in the long run. 'Mondi', 'Ahlstrom', 'Amcor', 'CCL Industries', 'Berry Global', 'Coveris', 'Glenroy', 'Winpak', 'Sealed Air', 'Hood Packaging', 'Clondalkin Group', 'Smurfit Kappa', 'Constantia Flexibles', 'Groupe Guillin', 'ProAmpac', 'Avery Dennison'
Growing eco-consciousness among consumers has led to increased sustainability pressures on packaging companies. Use of lightweight, recyclable, and resource-efficient packaging solutions is rising rapidly across different industry verticals. Converted flexible packaging uses less raw material and energy during production compared to rigid alternatives, reducing environmental impact. Flexible pouches, wraps, and sachets also reduce transportation emissions due to lower weight and space optimization. Regulatory frameworks such as the EU’s Circular Economy Action Plan are also expected to bolster the global converted flexible packaging market outlook.
Surge in Adoption of Mono-Material and Recyclable Structures: Converted flexible packaging manufacturers are estimated to invest in mono-material packaging solutions to improve recyclability. Brands are replacing multi-layer, hard-to-recycle laminates with single-polymer films like polyethylene or polypropylene. These structures maintain essential barrier properties while aligning with circular economy goals. Mono-material pouches, wraps, and sachets offer manufacturers a cost-effective and compliant solution for both food and non-food applications, which makes this an indispensable converted flexible packaging market trend for the future.
Why is Asia Pacific at the Helm of Global Converted Flexible Packaging Demand?
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Report ID: SQMIG15H2105
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