The new report by Expert Market Research titled, ‘Global Flexible Packaging Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global flexible packaging market, assessing the market based on its segments like product type, raw material, printing technology, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 106.3 Billion
- Forecast CAGR (2021-2026): 4.25%
- Forecast Market Size (2026): USD 136.5 Billion
The global flexible packaging market is being driven by the rise in popularity of flexible packaging products in the industry and the rising demand from end-user segments due to the product’s cost efficiency and convenience. Also, many advancements have been made to change the product and material in order to better respond to the growing demand from developing regions. Flexible packaging items, especially pouches, are becoming more popular due to their widespread use in almost all end-use industries. Also, biodegradable product technologies are propelling the industry forward as customers become more environmentally aware. The packaging industry is moving toward flexible packaging, owing to its multi-fold energy and environmental advantages.
Industry Definition and Major Segments
Any package or part of a package whose shape can be easily modified is considered flexible packaging. Bags, pouches, shrink films, tubes, sleeves, and carded packaging are all examples of flexible packaging.
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Based on product type, the market is divided into:
- Printed Rollstock
- Preformed Bags and Pouches
On the basis of raw material, the industry is segmented into:
- Aluminium Foil
On the basis of printing technology, the market is divided into:
The industry is divided on the basis of application into:
- Food and Beverages
The regional markets can be divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The flexible packaging industry is growing due to an increase in demand for snack and convenience meals in small or single-serving sizes. Flexible packaging combines the benefits of plastic, paper, and aluminium foil without compromising the product’s freshness, barrier protection, durability, printability, or ease of use. The market will rise during the forecast period due to the advantages of flexible packaging. Increased spending on bakery and cereal bars, ready-to-eat meals, coffee or hot chocolate sticks and pouches, dried and quick food, and other items will boost the flexible packaging market’s growth. Increased income levels, urbanisation, lifestyle changes, increased internet penetration, and rapid economic development are all likely to fuel market expansion in the future.
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Key Market Players
The major players in the market are Amcor plc, Berry Global Inc., Sealed Air, Mondi plc, DS Smith, and Huhtamaki, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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