Flexible Packaging Market Size to cross $180 Billion by 2024 – Arizton

Flexible Packaging Market Size to cross $180 Billion by 2024 - Arizton

The global flexible packaging market is expected to grow at a CAGR of over 3% during the period 2018–2024.

Application Insights

Consumer packaging accounted for a major share of the global flexible packaging market in 2018. Pouches, blister packs, and strip packs, among others, are the major product categories that cater to the consumer market and are sold at retail stores. The consumer packaging segment is growing at a moderate pace on account of increased consumption and per capita income.

End-user Insights

The F&B industry dominates the market for flexible packaging. The US, China, and India together accounted for a share of over 30% in global consumer spending in 2018 and are expected to drive the flexible packaging market demand in the food industry during the forecast period. Around 15% of the household expenditure was spent on food and beverages in these countries.

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 The following factors are likely to contribute to the growth of flexible packaging market during the forecast period: 

  • Increased focus on sustainable flexible packaging
  • Usage of high barrier plastic packing materials
  • Increase in pouch packing across various end-users

 Base Year:                  2018

Forecast Year:           2019–2024

The study considers the present scenario of the global flexible packaging market and its market dynamics for the period 2018−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent companies operating in the global flexible packaging market.

Key Vendors

  • Amcor
  • Edgewell
  • Berry Global
  • Mondi
  • Sealed Air
  • TC Transcontinental
  • Sonoco
  • Huhtamaki 

Other Prominent Vendors

  • American Packaging Corp.
  • Bischof + Klein
  • Constantia Flexibles
  • Glenroy
  • Global-Pak
  • Greif
  • Innovia Films
  • International Paper
  • Novolex
  • Printpack
  • ProAmpac
  • Reynolds Group
  • RPC Group
  • Sigma Plastics
  • Smurfit Kappa
  • Stora Enso
  • Uflex
  • WestRock
  • Winpak

Market Segmentation by Material

  • Flexible Plastic
  • Flexible Paper
  • Foil

Market Segmentation by Product

  • Bags and Sacks
  • Pouches
  • Others

Market Segmentation by Printing

  • Flexographic
  • Rotogravure
  • Others

Market Segmentation by Application

  • Consumer Packaging
  • Industrial Packaging

Market Segmentation by End-user

  • F&B
  • Medical
  • Personal Care
  • Petfood
  • Others

Market Segmentation by Geography

  • APAC
    • China
    • India
    • Australia
    • Japan
    • South Korea
    • New Zealand
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
  • North America
    • US
    • Canada
  • Latin America
    • Argentina
    • Brazil
    • Chile
    • Mexico
  • MEA
    • Turkey
    • Saudi Arabia
    • Egypt
    • South Africa
    • UAE

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Source : Flexible Packaging Market – Global Outlook And Forecast 2019-2024 by Arizton Advisory & Intelligence

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