Converted Flexible Packaging Market Scope
Converted flexible packaging refers to the process of converting raw materials, such as films, papers, and foils, into flexible packaging products. These products include pouches, bags, wraps, and other forms that provide a flexible and adaptable solution for packaging various goods. The global converted flexible packaging market is a complex and diverse landscape, driven by a multitude of factors.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Amcor (Australia), Sealed Air (United States), Berry Global Group (United States), Mondi PLC (Austria), Sonoco Products Company (United States), Uflex Ltd (India), ProAmpac LLC (United States), Huhtamaki Oyj (Finland), Bio-Flex Packaging Ltd (United Kingdom) and ePac Flexible Packaging (United States) |
CAGR | % |
The market is home to a diverse range of players, from global giants like Amcor, Bemis Company, and Sealed Air to regional and niche players. Competition is fierce, with companies vying for differentiation through innovation, sustainability initiatives, and value-added services. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Converted Flexible Packaging market throughout the predicted period.
Amcor (Australia), Sealed Air (United States), Berry Global Group (United States), Mondi PLC (Austria), Sonoco Products Company (United States), Uflex Ltd (India), ProAmpac LLC (United States), Huhtamaki Oyj (Finland), Bio-Flex Packaging Ltd (United Kingdom) and ePac Flexible Packaging (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Constantia Flexibles Group GmbH (Austria), Eagle Flexible Packaging (United States), Bischof+Klein SE & Co. KG (Germany) and Others.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Converted Flexible Packaging market by Type and Region with country level break-up.
On the basis of geography, the market of Converted Flexible Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In June 2023, Constantia Flexibles completed the acquisition of Drukpol Flexo, a renowned packaging company based in Poland. The acquisition by Constantia Flexibles enhances global reach and bolsters a more sustainable product portfolio, emphasizing growth in the European flexo printing platform.
In June 2023, SABIC, a prominent petrochemical manufacturer, collaborated with Polivouga to introduce the TRUCIRCLETM project, focusing on recycling post-consumer plastic waste retrieved from areas up to 50 kilometers inland. This initiative led to the creation of the world's inaugural frozen food packaging utilizing SABIC's certified circular polyethylene derived from ocean-bound plastic feedstock.
Influencing Trend:
Integration of smart technologies for tracking and information
Market Growth Drivers:
Increased demand for convenient packaging solutions and Surge in online retail and the need for robust packaging solutions
Challenges:
Fluctuations in raw material prices impacting production costs
Restraints:
Limited infrastructure for recycling certain packaging materials
Opportunities:
Rising demand for health-conscious and sustainable packaging and Growing need for flexible and secure pharmaceutical packaging
Key Target Audience
Potential Investors, End Users, Raw Material Suppliers, Market Research Organizations and Others