The Business Research Company’s report on the Flexible Packaging Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the flexible packaging industry?
The rising number of online food outlets is expected to propel the growth of the flexible packaging market going forward. Online food outlets refer to digital platforms or services that allow customers to order food and beverages for delivery or pickup. The rise of online food outlets is due to increasing consumer preference for convenience and advancements in digital technology. With busy lifestyles, more people prefer ordering food online rather than cooking or dining out, as it saves time and offers a wide range of choices at their fingertips. Flexible packaging helps online food outlets ensure freshness, spill resistance, and cost-effective delivery solutions, enhancing customer satisfaction and brand value. For instance, in December 2024, according to Agriculture and Agri-Food Canada, a Canada-based government department, online ordering for cafés and bars increased from 25.7% in 2021 to 25.9% in 2022. Therefore, the rising number of online food outlets is driving the growth of the flexible packaging market.
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What is the estimated market size of the flexible packaging sector by 2029, based on current forecasts?
The flexible packaging market size has grown strongly in recent years. It will grow from $287.27 billion in 2024 to $311.15 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increasing food security concerns, rising e-commerce activities, increasing disposable income, rising consumption of food eaten, and increased popularity of online purchasing.
The flexible packaging market size is expected to see strong growth in the next few years. It will grow to $423.04 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to the rising need for enhanced convenience, increasing need to maintain environmental sustainability, growing purchasing power, growing focus on sustainability, and rising number of online food outlets. Major trends in the forecast period include 3D automated packaging solutions, eco-friendly materials, strategic collaboration, new packaging solutions, and smart packaging solutions.
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Who are the top players in the flexible packaging market?
Major companies operating in the flexible packaging market are Paramount Global Inc., Henkel Limited., Amcor Plc, Mondi Group, Sonoco Products Company, Sealed Air Corp, Huhtamaki Oyj, Constantia Flexibles Group, ProAmpac Holdings, ePac Holdings LLC., LC Packaging International BV, TCPL Packaging Ltd., Guala Pack S.p.a., Resinex, Terinex Flexibles Ltd, Parkside Flexibles Ltd., Eagle Flexible Packaging Inc., FENTON PACKAGING LIMITED, WZ Packaging Ltd, Harkwell Labels Ltd., Norpol Packaging Ltd, Shako Flexipack Private Limited. , SPP Printed Packaging, Tyler Packaging Ltd.
What are the major trends in the flexible packaging market?
Major companies operating in the flexible packaging market are focusing on developing innovative products, such as paper-based flexible packaging, to promote sustainability and minimize plastic waste. Paper-based flexible packaging consists of lightweight, versatile materials primarily made from paper, often combined with coatings or laminates to improve durability, barrier protection, and heat sealability. For instance, in April 2024, Parkside Flexible, a UK-based packaging company, launched its Recoflex range of recyclable, paper-based flexible packaging materials. This range offers durability, barrier performance, and heat sealability for various market applications and is available in single-ply and laminated formats with multiple specifications.
Which geography holds the highest flexible packaging market share?
Asia-Pacific was the largest region in the flexible packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the flexible packaging market?
The flexible packaging market covered in this report is segmented –
1) By Product: Bags, Pouches, Rollstock, Films And Wraps, Other Products
2) By Material: Plastics, Paper, Metal, Bioplastics
3) By Printing Technology: Flexography, Digital Printing, Other Printing Technologies
4) By Application: Food, Beverages, Pharmaceutical And Healthcare, Personal Care And Cosmetics, Other Applications
Subsegments:
1) By Bags: Stand-Up Bags, Flat Bags, Gusseted Bags, Retort Bags, Vacuum Bags
2) By Pouches: Stand-Up Pouches, Flat Pouches, Spouted Pouches, Zipper Pouches, Retort Pouches
3) By Rollstock: Printed Rollstock, Unprinted Rollstock, Laminated Rollstock, High-Barrier Rollstock
4) By Films and Wraps: Shrink Films, Stretch Films, Barrier Films, Biodegradable Films, Heat-Sealable Wraps
5) By Other Products: Sachets, Lidding Films, Blister Packaging Films, Stick Packs
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How is the flexible packaging market defined, and what are its core characteristics?
Flexible packaging refers to lightweight, adaptable packaging materials that quickly change shape without breaking. It combines multiple layers of materials to provide durability, product protection, and extended shelf life. This packaging solution is widely used across industries due to its cost efficiency, sustainability, and convenience.
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