Flexible Plastic Packaging Market Size and Growth (2023 – 2032)
The global flexible plastic packaging market size is estimated to grow from USD 178.60 billion in 2022 to reach an estimated USD 289.52 billion by 2032, growing at a 5.0% CAGR between 2023 and 2032.
Unlock Infinite Advantages: Subscribe to Annual Membership
Report Highlights: Important Revelations
- Global flexible plastic packaging sector is poised for growth, starting at a value of USD 178.60 billion in 2022.
- The market is expected to surge, reaching an estimated value of USD 289.52 billion by 2032.
- This expansion is registered at a consistent CAGR of 5.0% over the period from 2023 to 2032.
- Asia Pacific’s leading role in the flexible plastic packaging market.
- Anticipated growth of flexible plastics in North America.
- Creative uses of polyethylene in flexible plastic packaging.
- Rising popularity of flexible pouches in the flexible plastic packaging sector.
- Food and beverage industry as key consumers of flexible plastic packaging.
Packaging materials composed of various flexible plastic materials that may conform to the shape of the item being packaged are referred to as flexible plastic packaging. It consists of a variety of plastic packaging shapes, mostly meant for home use, that are flexible or semi-flexible, like bags, films, pouches, and tubes. Because of their cost-effectiveness and versatility in the supply chain, plastic polymers generated from fossil hydrocarbons are commonly used to create these packaging solutions.
There are significant economic and ecological benefits to switching from rigid to flexible packaging formats. Because of its decreased weight and lower material consumption, flexible packaging improves supply chain efficiency and reduces costs. The transition to flexible packaging can result in significant environmental benefits, with potential material and energy savings reaching 50% when compared to rigid packaging options.
Two of the most common polymers used in flexible packaging are linear low-density polyethylene (LLDPE) and low-density polyethylene (LDPE). In Australia, almost 223,000 tonnes of LDPE packaging were used; 32 percent of this amount was recycled, according to data from the Plastics and Chemicals Industries Association (PACIA). The market for flexible plastic packaging is witnessing a surge in the significance of sustainability measures, as recycling programmes seek to reduce ecological footprints and foster circular economies.
Flexible Plastic Packaging Market TOC
Introduction
- Research Objective
- Scope of the Study
- Definition and Taxonomy
Research Methodology
- Research Approach
- Data Sources
- Assumptions
Executive Summary
- Synopsis
- Analyst Recommendations
Market Overview
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Value chain analysis
- Raw Material Sourcing
- Manufacturing Process
- Logistics & Transportation
- Buyer Preferences
- Trends
- Market Trends
- Technological Trends
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitute
- Threat of New Entrants
- Degree of Competition
- PESTLE Analysis for 5 Leading Countries
- Regulatory Framework for Leading Countries/Regions
- Supply Demand Analysis
- Production & Consumption Statistics
- Export Import Statistics
- Price Trend Analysis
Global Flexible Plastic Packaging Market Assessment
- Overview
- Global Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By Material Type (2021 – 2033)
- Polyethylene
- PVC
- Polypropylene
- Polystyrene
- Others
- Global Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By Packaging Type (2021 – 2033)
- Pouches
- Bags
- Sachets
- Films
- Wraps
- Containers
- Global Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By End Use Type (2021 – 2033)
- Food and Beverage
- Pharmaceutical
- Personal care & Cosmetics
- Industrial
- Global Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By Region Type (2021 – 2033)
- Asia Pacific
- North America
- Europe
- LAMEA
Asia Pacific Flexible Plastic Packaging Market Assessment
- Overview
- Asia Pacific Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By Material Type (2021 – 2033)
- Polyethylene
- PVC
- Polypropylene
- Polystyrene
- Others
- Asia Pacific Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By Packaging Type (2021 – 2033)
- Pouches
- Bags
- Sachets
- Films
- Wraps
- Containers
- Asia Pacific Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By End Use Type (2021 – 2033)
- Food and Beverage
- Pharmaceutical
- Personal care & Cosmetics
- Industrial
North America Flexible Plastic Packaging Market Assessment
- Overview
- North America Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By Material Type (2021 – 2033)
- Polyethylene
- PVC
- Polypropylene
- Polystyrene
- Others
- North America Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By Packaging Type (2021 – 2033)
- Pouches
- Bags
- Sachets
- Films
- Wraps
- Containers
- North America Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By End Use Type (2021 – 2033)
- Food and Beverage
- Pharmaceutical
- Personal care & Cosmetics
- Industrial
Europe Flexible Plastic Packaging Market Assessment
- Overview
- Europe Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By Material Type (2021 – 2033)
- Polyethylene
- PVC
- Polypropylene
- Polystyrene
- Others
- Europe Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By Packaging Type (2021 – 2033)
- Pouches
- Bags
- Sachets
- Films
- Wraps
- Containers
- Europe Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By End Use Type (2021 – 2033)
- Food and Beverage
- Pharmaceutical
- Personal care & Cosmetics
- Industrial
LAMEA Flexible Plastic Packaging Market Assessment
- Overview
- LAMEA Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By Material Type (2021 – 2033)
- Polyethylene
- PVC
- Polypropylene
- Polystyrene
- Others
- LAMEA Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By Packaging Type (2021 – 2033)
- Pouches
- Bags
- Sachets
- Films
- Wraps
- Containers
- LAMEA Flexible Plastic Packaging Market Size Value (US$) and Volume (Billion Tons), By End Use Type (2021 – 2033)
- Food and Beverage
- Pharmaceutical
- Personal care & Cosmetics
- Industrial
Company Profile
- Sealed Air Corporation
- Company Overview
- Geographic Footprints
- Financial Performance
- Product Portfolio
- SWOT Analysis
- R&D Efforts
- Recent Developments & Strategic Collaborations
- Product Launch/M&A/Technical Collaboration
- Mondi Group
- Berry Global Group
- Amcor Ltd.
- Constantia Flexibles Group GmbH
- DS Smith Plc
- Bemis Company
- Oyj Huhtamäki
- Sonoco Products Company
- CCL Industries
- AR Packaging Group AB