USD 285.0 billion
Flexible Packaging Market Size, Share, and Growth Analysis
Flexible Packaging Market By Material (Plastic, Paper), By Packaging Type (Pouches, Bags), By Printing Technology (Flexography, Rotogravure), By Application (Food, Beverages), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2190 |
Region:
Global |
Published Date: March, 2025
Pages:
184
|Tables:
59
|Figures:
75
Format -
Flexible Packaging Market Insights
Flexible Packaging Market size was valued at USD 285.0 billion in 2023 and is poised to grow from USD 298.39 billion in 2024 to USD 430.89 billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).
Flexible packaging solutions are packaging products that are easy to handle and do not risk breakage when handled incorrectly. Rapidly increasing demand for novel packaging solutions from the food and beverage industry is projected to bolster the global flexible packaging market growth over the coming years. Rising emphasis on sustainability is also estimated to create new opportunities for flexible packaging companies in the future. Rapidly expanding e-commerce industry and high demand for convenience and portability from consumers are also estimated to benefit the demand for flexible packaging in the long run. However, volatile raw material pricing, challenges in recycling, and regulatory compliance issues are slated to be the key constraints for market growth in the future.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Paper
Fastest Growth
Plastic
Growth Rate
4.7% CAGR
Global Flexible Packaging Market ($ Bn)
Country Share for Asia Pacific Region(%)
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Flexible Packaging Market Segments Analysis
Global Flexible Packaging Market is segmented by Material, Packaging Type, Printing Technology, Application and region. Based on Material, the market is segmented into Plastic, Paper and Metal. Based on Packaging Type, the market is segmented into Pouches, Bags, Rollstock, Films & Wraps and Other Packaging Types. Based on Printing Technology, the market is segmented into Flexography, Rotogravure, Digital Printing and Other Printing Technologies. Based on Application, the market is segmented into Food, Beverages, Pharmaceutical & Healthcare, Personal Care & Cosmetics and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Packaging Type
Pouches are projected to emerge as the dominant segment across the forecast period in the global flexible packaging market. These are usually packaging solutions made from single-use plastic that can be discarded after a use and often are branded as easily recyclable as well. Low costs and easy transportation are key factors that help this segment’s high market share.
Meanwhile, the demand for films and wraps is projected to increase at a robust pace across the forecast period and beyond. High versatility of flexible films and wraps is fuelling their popularity across multiple industry verticals. Easy production through extrusion and growing demand for flexible films and wraps are slated to help this segment boost market development at a notable pace in the long run.
Analysis by Application
Most flexible packaging is projected to be used for food and beverage applications in the future. Growing demand for convenience and packaged food products around the world owing to adoption of hectic lifestyles by people is contributing to the high market share of this segment. Moreover, high demand for innovative packaging solutions and the need for attractive packaging is also expected to govern flexible packaging sales in this segment going forward.
However, the use of flexible packaging is slated to soar high in pharmaceutical applications in the future. Flexible packaging takes up less space and allows for safe transport of medications in form of powder, liquid, tablets, and capsules. Moreover, the rising demand for lightweight and compact packaging solutions in the healthcare space is increasing rapidly thereby promoting the demand for flexible packaging as well.
Global Flexible Packaging Market By Material type (%)
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Flexible Packaging Market Regional Insights
The robust increase in e-commerce activity in the Asia Pacific region allows it to account for a dominant share of the global flexible packaging market. Rapidly increasing urbanization and industrialization are also estimated to contribute to the global flexible packaging market growth. Rapidly evolving consumer preferences and high investments in the development of novel packaging solutions are also helping this region create new opportunities for flexible packaging companies. India, Japan, and China will be the most opportune markets in this region.
The North American regional market accounts for the second-largest share of the global flexible packaging market. High consumption of packaged food and beverages coupled with high adoption of advanced packaging solutions are projected to help this region’s second-largest share. The United States is slated to lead the demand for flexible packaging in this region followed by Canada. Growing emphasis on sustainability will also favor flexible packaging demand in this region.
Global Flexible Packaging Market By Geography
- Largest
- Fastest
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Flexible Packaging Market Dynamics
Flexible Packaging Market Drivers
High Demand for Convenient Packaging
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Manufacturers around the world are focusing on opting for convenient packaging solutions for their products to maximize their sales and improve market share as well. Flexible packaging allows them to achieve just that without compromising on packaging of the product thereby driving market growth.
Adoption of Hectic Lifestyles
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People around the world have opted to busy and hectic lifestyles, which has led to high consumption of packaged and convenience food products. Flexible packaging is an excellent way to pack these food and beverages, which also creates new opportunities for market growth.
Flexible Packaging Market Restraints
Volatile Raw Material Pricing
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Raw materials used to manufacture flexible packaging are subject to multiple factors such as trade regulation, political tensions, economic uncertainty, etc. This introduces fluctuations in raw material pricing and impedes market growth potential going forward.
Recylcing Challenges
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Flexible packaging products can be a major challenge for recycling companies owing to the use of multiple layers and laminates to make them more attractive or secure. In a world where sustainability is of paramount importance, recycling issues lead to hampered flexible packaging adoption.
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Flexible Packaging Market Competitive Landscape
Flexible packaging companies are focusing on experimenting with the use of new sustainable materials to comply with modern standards and satisfy the demand for sustainable packaging solutions. Providing custom and branded flexible packaging will also be a key trend that market players should target in the future. Flexible packaging companies can also explore the use of advanced packaging technologies and machinery to maximize their efficiency and boost sales.
Top Player’s Company Profiles
- Berry Global Inc. (US)
- Constantia Flexibles Group GmbH (Austria)
- Coveris Holdings S.A. (Luxembourg)
- Huhtamaki Oyj (Finland)
- Sealed Air Corporation (US)
- Mondi Group (Austria)
- UFlex Limited (India)
- ProAmpac Holdings Inc. (US)
- Sigma Plastics Group Inc. (US)
- Winpak Ltd. (Canada)
- Glenroy, Inc. (US)
- Gualapack S.p.A. (Italy)
- Wipak Group (Finland)
- Bischof & Klein SE & Co. KG (Germany)
- Dow Chemical Company (US)
- Transcontinental Inc. (Canada)
- NOVUS HOLDINGS LTD. (South Africa)
- COSMO FILMS LIMITED (India)
- WIHURI GROUP (Finland)
Recent Developments
- Recently in July 2024, Mondi announced the launch of its new FlexiBag Reinforced product geared towards the pet food industry. The new solution has enhanced mechanical properties and is fully recyclable to comply with modern sustainability mandates and preferences.
- Back in August 2023, Sealed Air announced the acquisition of Liquibox to bolster its presence in the global flexible packaging market. The acquisition cost Sealed Air a whopping USD 1.15 billion but was expected to help its Cryovac brand grow in the long run.
- Amcor announced that it had signed an agreement to acquire India-based Phoenix Flexibles back in August 2023. This move was to strengthen Amcor’s presence in the Indian market as demand for flexible packaging in the country reached new heights.
Flexible Packaging Key Market Trends
- Rising Adoption of Sustainable Packaging Materials: Flexible packaging companies should focus utilizing sustainable packaging materials to stand out from the competition and maximize their sales. Imposition of stringent mandates to regulate waste from packaging will bolster the demand for sustainable and eco-friendly flexible packaging solutions.
Flexible Packaging Market SkyQuest Analysis
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, growing demand for convenient packaging solutions around the world is slated to primarily augment the demand for flexible packaging across the forecast period. However, volatile raw material pricing and challenges in recycling are slated to impede flexible packaging market growth potential going forward. The Asia Pacific region is slated to spearhead flexible packaging demand owing to booming e-commerce activity and evolving consumer preferences in countries such as China and India. Developing sustainable flexible packaging will be the prime focus of new as well as leading flexible packaging companies in the long run.
Rapidly increasing urbanization and industrialization coupled with evolving consumer preferences are also estimated to uplift the global flexible packaging market growth in the future. On the flip side, the scarcity of raw materials required to manufacture flexible packaging products is predicted to be a key challenge for market growth over the coming years. On the back of a strong manufacturing sector, the Asia Pacific region is slated to hold sway over the global flexible packaging demand outlook through 2031 with China and India leading market growth. Flexible packaging market players are forecasted to focus on the integration of active packaging features to create new growth opportunities in the market going forward.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 285.0 billion |
| Market size value in 2032 | USD 430.89 billion |
| Growth Rate | 4.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Flexible Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Flexible Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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 Flexible Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
Flexible Packaging Market Report Snapshots
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