Flexible Plastic Packaging Market Size

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).

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. '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)'

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.

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.

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.