Flexible Packaging Market Size, Share, Growth, Analysis & Forecast Report by 2027

Flexible packaging is a means of packaging products using non-rigid materials, which allow for more economical and customizable options. It is a relatively new method in the packaging market and has grown popular due to its high efficiency and cost-effective nature.??

Key features of flexible packaging include its ability to adapt to different shapes and sizes, providing an efficient and customizable solution for packaging needs. The materials used in flexible packaging often incorporate barrier properties, protecting the contents from external elements like moisture, light, and air, thereby extending the shelf life of products.?

At a predicted CAGR of 4.8% from 2021 to 2026, the size of the global Flexible Packaging Market is expected to increase from USD 248.9 billion in 2022 to USD 315.5 billion by 2027.?

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What is sample of flexible packaging???

Flexible packaging refers to packaging materials that are made from flexible or easily yielding materials such as plastic, film, paper, or foil. Here's a sample of flexible packaging:?

• Stand-up Pouch: This is a popular type of flexible packaging that stands upright when filled, often used for products like snacks, coffee, pet food, and more. Stand-up pouches can have various features like resealable zippers, spouts, or tear notches for easy opening.?
• ?Plastic Bags: Plastic bags come in various forms such as flat bags, gusseted bags, or resealable zipper bags. They are used for packaging a wide range of products including food items, pharmaceuticals, apparel, and electronics.?
• ?Flexible Film: Flexible films are thin sheets of material typically made from plastics like polyethylene, polypropylene, or polyester. They are used to wrap products or as inner liners in packaging applications such as shrink wrap, stretch wrap, or laminated films.?
• ?Sachets: Sachets are small packets made from flexible materials often used for single-use packaging of products like condiments, sauces, personal care products, or pharmaceuticals.?
• Wrappers: Flexible wrappers are used for packaging items like candy bars, chewing gum, or individual portions of food items. They are often made from materials like wax paper, foil, or thin plastic film.?
• Vacuum-sealed Bags: These are used for packaging perishable items like meat, cheese, or seafood. Vacuum-sealed bags help extend the shelf life of products by removing air and creating a tight seal.?
• Retort Pouches: Retort pouches are designed for the packaging of ready-to-eat meals or pre-cooked foods. They are made from materials that can withstand high temperatures during the retort sterilization process.?These are just a few examples of flexible packaging, which is versatile and widely used across various industries due to its lightweight, cost-effectiveness, and ability to conform to different shapes and sizes of products.?

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?Recent Developments?

• In October 2022, For the relaunch of its premium Appetitt brand, Mondi Group worked with renowned Norwegian pet food company Felleskj?pet to transition to recyclable high-barrier packaging.?
• In September 2022, Huhtamaki Oyj invested in the sustainable packaging fund run by Emerald Technology Ventures AG, which focuses on cutting-edge sustainable packaging technologies.?
• In September 2022, Sonoco Products Company has acquired. S.P. Holding, Skjern A/S, a leading producer of high-grade paperboard from 100% recycled paper for rigid paper containers, tubes and cores, and other applications.?

Flexible Packaging Market Key Players?

• Huhtamaki Oyj (Finland)?
• Berry Global Group Inc. (US)?
• Amcor Limited. (Australia)?
• Mondi Group. (UK)?
• Sonoco Products Company (US).?

Huhtamaki Oyj (Finland) offers packaging solutions for food & beverages, personal care & household, and healthcare industries. It offers customized designs, standardized products, and total packaging systems and solutions. The company operates through four business segments, namely, North America, flexible packaging, Foodservice Europe-Asia-Oceania, and fiber packaging. It serves packaging products to the cosmetics market through its flexible packaging segment. The company has a strong foothold globally, with 114 locations in 38 countries.?

Berry Global Group Inc (US) is a well-known international provider of plastic packaging goods with a focus on consumer-oriented end markets. The four business divisions are engineered materials; consumer packaging international; consumer packaging North America; and health, hygiene, & specialty. The company sells its products predominantly into stable, consumer-oriented end markets, such as the healthcare, personal care, and food & beverage industry.?

Conclusion?

In conclusion, flexible packaging offers a compelling combination of versatility, sustainability, and cost-effectiveness. As consumer preferences and environmental considerations continue to shape the packaging landscape, the adoption of flexible packaging is likely to remain a prominent trend in the industry.?

Flexible packaging stands out as a versatile, cost-effective, and sustainable solution in the packaging industry. Its adaptability to various shapes, lightweight nature, extended shelf life, and reduced environmental impact make it a preferred choice. With innovative features, cost savings, and alignment with consumer preferences, flexible packaging is poised to continue its prominence as a responsive and eco-friendly packaging option in the evolving market.?