| According to IMARC Group’s latest report, titled “Flexible Packaging Market Size: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. the global flexible packaging market size reached US$ 124.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 162.4 Billion by 2027, exhibiting at a CAGR of 4.5% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Flexible packaging is primarily manufactured by using easily reformed materials that could be molded into different shapes. It is usually made by combining numerous materials, such as high-quality paper, film, aluminum foil, etc. These materials can be shaped into pouches, bags, liners, overwraps, etc. Consequently, flexible packaging is extensively used across diverse sectors, food processing, consumer products, cosmetics, pharmaceuticals, etc.
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Market Trends
The increasing demand for processed food items due to the on-the-go consumption habits is further augmenting the adoption of flexible packaging in the food sector. Furthermore, the rising consumer awareness towards several benefits of flexible packaging pertaining to food safety, effective permeability, longer shelf life, convenience, etc., is also propelling the market growth. The market is further catalyzed by numerous technological advancements leading to emergence of innovative and advanced product variants. A significant growth in the pharmaceutical and nutraceutical sectors are also bolstering the demand for flexible packaging. In the coming years, the growing popularity of sustainable and recyclable packaging alternatives will continue to spur the growth of the global flexible packaging market.
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List of Key Companies Covered in this Market Report:
Amcor (NYSE: AMCR)
Bemis Company
Berry Global
Mondi (LON: MNDI)
Sealed Air (NYSE: SEE)
Aluflexpack novi
Bak Ambalaj Sanayi
Constantia Flexibles
Clondalkin Group
Danaflex
DS Smith (LON: SMDS)
Glenroy
Huhtam�ki (HEL: HUH1V)
Printpack and ProAmpac.
The report has segmented the market on the basis of product type, raw material, printed technology, application and geography.
Breakup by Product Type
Printed Rollstock
Preformed Bags and Pouches
Others
Breakup by Raw Material
Plastic
Paper
Aluminium Foil
Cellulose
Breakup by Printing Technology
Flexography
Rotogravure
Digital
Others
Breakup by Application
Food and Beverages
Pharmaceuticals
Cosmetics
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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