USD 188.6 billion
Global Flexible Plastic Packaging Market Size, Share, Growth Analysis, By Product (Pouches, Films & Wraps), By Material (Polyethylene (PE), Polyamide (PA)), By Application (Food, Pharmaceutical & Healthcare), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG15H2072 |
Region:
Global |
Published Date: January, 2025
Pages:
178
|Tables:
97
|Figures:
76
Flexible Plastic Packaging Market Insights
Global Flexible Plastic Packaging Market size was valued at USD 188.6 billion in 2023 and is poised to grow from USD 196.52 billion in 2024 to USD 277.33 billion by 2032, growing at a CAGR of 4.4% during the forecast period (2025-2032).
Rapidly expanding e-commerce industry around the world and growing demand for convenience food and beverages are primarily driving the sales of flexible plastic packaging. Growing investments in the development of novel packaging solutions to meet the evolving needs of different industry verticals are also expected to create new opportunities for flexible plastic packaging providers going forward. Rising emphasis on sustainability is also estimated to create new opportunities for flexible plastic packaging companies in the future. Evolving consumer preferences and their inclination towards flexible packaging are also expected to bolster the demand for flexible plastic packaging in the long run. On the contrary, complexity in recycling, fluctuations in raw material pricing, availability of alternative packaging solutions, and environmental concerns for plastic waste are slated to be key restraints impeding the global flexible plastic packaging market outlook across the study period and beyond.
Market snapshot - (2025-2032)
Global Market Size
Largest Segment
Pouches
Fastest Growth
Films & Wraps
Growth Rate
4.4% CAGR
Global Flexible Plastic PackagingMarket ($ Bn)
Country Share for Asia Pacific Region (%)
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Flexible Plastic Packaging Market Segmental Analysis
The global flexible plastic packaging market is segmented into material, product, application, and region. Based on material, the market is segmented into Polyethylene (PE), Polypropylene (PP), Polyamide (PA), Polyvinyl Chloride (PVC), Polystyrene (PS), and others. Based on product, the market is segmented into pouches, rollstock, bags, films & wraps, and others. Based on application, the market is segmented into food, beverages, pharmaceutical & healthcare, personal care & cosmetics, and others. By region, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.
Analysis by Packaging Type
Pouches are projected to account for a substantial chunk of the global flexible plastic packaging market share in the future. Extensive use of pouches in multiple industry verticals to package liquids, powders, and even solids in some cases is allowing this segment to hold sway over others. High versatility and customization scope also presents new opportunities for flexible plastic packaging companies developing pouches. Less space taken by pouches also makes them highly efficient for storage and transportation applications as well. Moreover, the availability of easy and low-cost manufacturing for pouches is also slated to cement the high share of this segment in the long run.
Meanwhile, the demand for films and wraps is slated to rise at a notable pace over the coming years. Rising use of films and wraps in packaging to protect products from moisture, light, and gas is expected to help bolster their demand in the future. High scope of recyclability is another factor favoring the sales of films and wraps going forward. Shrink wraps and bubble wraps are forecasted to be extensively used to provide protective packaging for multiple products. Wide availability of films and wraps in multiple shapes, sizes, and colors also improves their versatility in packaging applications through 2031 and beyond.
Analysis by Material
Polyethylene (PE) segment is forecasted to hold sway over the global flexible plastic packaging industry in the future. Abundant availability of raw materials required to manufacture polyethylene packaging solutions is expected to be the prime factor contributing to its dominance going forward. Excellent barrier properties of polyethylene, high versatility in packaging, and ease of processing are some other factors that are helping this material to be used extensively in the global flexible plastic packaging market. High chemical resistance of polyethylene is also estimated to help bolster its adoption to produce different types of flexible plastic packaging products.
On the other hand, the demand for polyamide (PA) in flexible plastic packaging is expected to rise at an impressive pace over the coming years. High heat resistance, transparency, and the ability to preserve freshness of food products are some key factors promoting the adoption of polyamide in flexible plastic packaging going forward. PA 6 and PA 6-6 are expected to be the most widely used polyamides in the packaging industry in the future. High puncture resistance and protection offered by polyamide material packaging is also expected to offer new opportunities for flexible plastic packaging providers via this segment in the long run.
Global Flexible Plastic PackagingMarket By Packaging Type
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Flexible Plastic Packaging Market Regional Insights
The robust increase in e-commerce activity in the Asia Pacific region allows it to account for a dominant global flexible plastic packaging market share. Growing disposable income of people, rising demand for sustainable packaging solutions, and presence of multiple packaging companies are helping this region hold sway over others. China and India are slated to emerge as the most opportune markets for flexible plastic packaging providers in the Asia Pacific region going forward. Evolving consumer preferences and the changing eating habits of people in this region are also expected to impact the demand for flexible plastic packaging over the coming years.
North America is expected to hold the second-largest share of the global flexible plastic packaging market size in the future. The presence of leading e-commerce companies, surging demand for customized packaging solutions, and high consumption of packaged and convenience food products are slated to help create new opportunities in this region. Growing adoption of advanced packaging technologies in this region is also slated to promote the sales of flexible plastic packaging through 2031. The United States is slated to spearhead revenue generation for flexible plastic packaging providers in this region followed by Canada.
Global Flexible Plastic PackagingMarket By Region
- Largest
- Fastest
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Flexible Plastic Packaging Market Dynamics
Drivers
High Demand for Lightweight Packaging
- Flexible plastic is highly durable for packaging applications yet has a very low weight as compared to other materials. Moreover, the low cost and easy handling of flexible plastic packaging also helps in reducing transportation costs and help companies stay aligned with their sustainability goals. Food & beverage, healthcare, and personal care industries are leading the global flexible plastic packaging market growth.
Boom in e-Commerce Activity
- Demand for convenience coupled with increased internet penetration around the world has helped the e-commerce industry to flourish. Flexible plastics, such as pouches and films, provide versatility and ensure product safety during transit, making them a popular choice in online retail. Growing need for durable product packaging for e-commerce products is also expected to drive market development.
Restraints
Volatile Raw Material Pricing
- Raw materials used to manufacture flexible plastic packaging are subject to multiple factors such as changes in trade regulations, political tensions, economic uncertainty, etc. These factors introduce fluctuations in raw material pricing and availability that translates into slowed growth of the global flexible plastic packaging industry in the long run.
Complexity in Recycling
- Flexible plastics are made up of multiple layers and this results in complications of the recycling process. The lack of robust recycling infrastructure in certain regions limits their end-of-life recovery, negatively impacting the market's reputation. In a world where sustainability is becoming increasingly important, recycling issues are slated to hamper flexible plastic packaging adoption.
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Flexible Plastic Packaging Market Competitive Landscape
Flexible plastic packaging companies are focusing on experimenting with the use of new sustainable materials to comply with modern sustainability standards and regulations. Providing custom and aesthetic flexible plastic packaging should help companies expand their revenue generation potential. Flexible plastic packaging companies can invest in advanced packaging technologies and machinery to maximize their efficiency and productivity.
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)
- Schur Flexibles Group (Austria)
- Dow Chemical Company (US)
- Transcontinental Inc. (Canada)
- NOVUS HOLDINGS LTD. (South Africa)
- COSMO FILMS LIMITED (India)
- WIHURI GROUP (Finland)
Recent Developments
- In July 2024, Mondi, a renowned name in the sustainable packaging business announced the launch of its new FlexiBag Reinforced product. The new offering features enhanced mechanical properties and is fully recyclable to comply with modern sustainability norms as it is specifically designed for use in the pet food industry.
- In December 2023, Mars China, the Chinese division of international chocolate manufacturer announced the launch of Snickers in mono-material flexible packaging. The company made this move to align with the principle of ‘Designed for Recycling’ and meet relevant Chinese standards.
- In June 2024, INEOS Olefins & Polymers Europe announced the launch of a pilot line for recyclable flexible packaging film production. The new blown film line is in INEOS’s R&D center in Brussels, Belgium to reduce landfill waste due to plastic packaging.
Flexible Plastic Packaging Key Market Trends
- Rising Demand for Recyclable Packaging Materials: Flexible plastic packaging companies are estimated to focus on the development of flexible plastics that can be easily recycled. Innovations in mono-material flexible plastics can make this possible. Companies are investing in closed-loop systems and recyclable packaging to meet sustainability targets and consumer demands.
- Customizable and Aesthetic Packaging Solutions: Flexible plastic packaging manufacturers are expected to invest heavily in the research and development of customizable and aesthetic packaging solutions in the future. Growing number of brands focusing on creative packaging and marketing to stand out from the competition are expected to help this flexible plastic packaging market trend become a prominent one through 2031 and beyond.
Flexible Plastic 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 plastic packaging across the forecast period. However, fluctuations in raw material pricing and challenges in recycling are slated to impede flexible plastic packaging market growth potential going forward. The Asia Pacific region is slated to spearhead flexible plastic packaging demand owing to booming e-commerce activity and evolving consumer preferences in countries such as China and India. Developing recyclable flexible plastic packaging will be the prime focus of new as well as leading flexible plastic packaging companies in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 188.6 billion |
| Market size value in 2032 | USD 277.33 billion |
| Growth Rate | 4.4% |
| 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 Plastic 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 Plastic 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 Plastic 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 Plastic 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 Plastic Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Flexible Plastic 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.
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