About Flexible Packaging
Flexible packaging is one of the fastest growing markets of the packaging industry. It combines the best quality of plastic, paper & aluminum foil and film to provide a broad range of protective properties. Flexible packaging is used for consumer and institutional products and in various industrial applications for presentation, protection, identification, containment, convenience, and compliance for a product during storage, transportation, display and usage. To ensuring food safety and extending shelf life, it hiking food & beverage sector growth in countries such as India, China, Brazil, Japan and many others are also supposed to bring growth opportunities for the very market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 9.3% |
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the manufacturing process of the product. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Flexible Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ampac Holdings, LLC (United States), Amcor Limited (Australia), Sealed Air Corporation (United States), Huhtamaki Group (United Kingdom), Clondalkin Group Holdings B.V. (Netherlands), Bemis Company, Inc. (United States), Constantia Flexibles Group GmbH (Germany), Mondi Group (Austria), Coveris Holdings S.A. (Austria) and Sonoco Products Company (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Flexible Packaging market by Type (Pouches, Rollstock, Wraps, Bags, Films and Others) and Region.
On the basis of geography, the market of 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). If we see Market by Industry Vertical, the sub-segment i.e. Food & Beverages will boost the Flexible Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Polymer will boost the Flexible Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Printing Technology, the sub-segment i.e. Flexographic Printing will boost the Flexible Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The emergence of bio-based and biodegradable films
Market Growth Drivers:
Increasing demand for packed food across the world., Booming retail-sector, The demand for small packs has given an impetus to the flexible pouch segment, Increasing Industrial Demand for Down Gauging and Increased Food Consumption to Generate Huge Demands for Flexible Packaging
Challenges:
Higher inflation rates and inadequate supply chain
Restraints:
Various countries ban of plastic packaging
Opportunities:
Growing retail e-commerce sales in developing economies are augmenting the market growth in the region.
Market Leaders and their expansionary development strategies
In April 2023, Amcor, a plastics packaging company has placed its first commercial order of certified-circular polymers leveraging ExxonMobil's Exxtend technology for advanced recycling for use in packaging for the Australian and New Zealand market.
In August 2023, Mitsui Chemicals Tohcello and Mitsui Chemicals launched of pilot testing this month for horizontally recycling printed BOPP film back into new flexible packaging film. The technologies and operational infrastructure for the horizontal recycling of flexible packaging materials, as well as leverage network growth in the flexible packaging materials industry to advance and expand the horizontal recycling of flexible packaging film.
The necessity for labeling of the products to list the nutrient information, due to the laws implemented by FDA, has further laid emphasis on flexible packaging and functional coatings in the packaging systems. Health-focused and organic food consumers are other unnoticed heavy users of flexible packaging, particularly in the segments of fresh fruits, health bars, salads, and other health-related products.
Key Target Audience
Flexible Packaging Manufacturers, Importers and Exporters of Flexible Packaging, Traders, Distributors, and Suppliers of Flexible Packaging and End users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.