The global flexible packaging market size was US$ 161.3 billion in 2021. The global flexible packaging market is forecast to grow to US$ 228.5 billion by 2030 by growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Hot drinks, beauty, home care, and personal care products require flexible packaging. The growing demand for these products will fuel the growth of the global flexible packaging market.

The food industry is witnessing a surging demand for sustainable packaging that assures transparency and food safety. Thus, it will benefit the flexible packaging market during the study period.

Flexible packaging products find their wide applications in the healthcare and personal care segment. The growing demand for novel drugs will drive the overall flexible packaging market forward. In addition, increasing demand for personal care products will accelerate the growth of the flexible packaging market globally.

The challenges associated with the recycling of flexible packaging products may limit the growth of the market. On the contrary, stringent regulations aiming to lower the use of plastics will offer lucrative growth opportunities for the flexible packaging market. For instance, the European Commission is planning to make use of recyclable and reusable plastic-based packaging. Thus, the rising focus of governments towards promoting sustainable solutions will fuel the growth of the global sustainable packaging market.

COVID-19 Impact Analysis

The food and Beverage segment holds a significant share in the flexible packaging industry. However, the wake of the COVID-19 pandemic caused supply chain disruptions because of the shutdown of factories. The demand for food items, beverages, and healthcare products surged during the pandemic. Thus, the global flexible packaging market witnessed significant growth in the healthcare and food and beverage sectors.

Regional Analysis

Globally, the Asia-Pacific flexible packaging market is forecast to grow at the highest CAGR. It is owing to the rapid growth of end-use industries of flexible packaging, such as food and beverages and medical. Growing healthcare expenditure and rising demand for packed food products will drive this regional market forward. Furthermore, the growing demand for high-quality products with longer shelf life will offer ample growth opportunities for the flexible packaging market. Furthermore, growing initiatives to curb the use of plastics will be opportunistic for the Asia-Pacific flexible packaging market.

Competitors in the Market

Amcor
Berry Global Inc.
Mondi
Sonoco
Sealed Air Corporation
Huhtamaki
Coveris
Transcontinental Inc
Clondalkin
Other Prominent Players
Market Segmentation

The global flexible packaging market segmentation focuses on Material, Product, Printing, Application, End-User, and Region.

By Material Outlook

Flexible Plastic
PE
BOPP
CPP
BOPET
PA
PET
PVC
EVOH
Others
Flexible Paper
Foil
By Product Outlook

Bags
Pouches
Others
By Printing Outlook

Flexographic
Rotogravure
Others
By Application Outlook

Consumer Packaging
Industrial Packaging
By End-User Outlook

Bakery and Confectionery
Meat, Poultry, and Seafood
Dairy
RTE
Frozen Food
Tea and Coffee
Others
Healthcare
Personal Care
Petfood
By Regional Outlook

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America