Global Flexible Plastic Packaging Market Analysis by Size, Share Growth, Demand, Trends & Overview
The?global flexible plastic packaging market ?is expected to grow at a steady rate during the forecast period. The global flexible plastic packaging market is driven by the increasing demand from various end-user industries such as food & beverage, healthcare, cosmetic & personal care, among others. Additionally, associated benefits such as affordability, convenience, durability, and light-weight, among others associated with flexible plastic packaging are further expected to propel the market growth through 2028. Furthermore, increased adoption of sustainable packaging solutions along with new product launches by the major players operating in the market is expected to create lucrative opportunities for growth over the next few years. However, stringent regulations pertaining to the use of plastics in certain countries can hamper the market growth during the forecast period. Also, the sudden outbreak of the pandemic COVID-19 has led to the shutdown of the manufacturing, production, and processing of plastics thereby negatively impacting the market growth.
The global flexible plastic packaging market is segmented based on type, base resin, printing technology, end-user industry, company, and region. Based on type, the market can be fragmented into stand-up pouches, flat pouches, roll stocks, gusseted bags, wicket bags, wraps, and others. The stand-up pouches segment is expected to dominate the market since they are portable, easy to use, offer high clarity, and act as excellent barriers to the outside environment.?Based on the end-user industry, the market can be categorized into food & beverage, dairy products, healthcare, personal care, pharmaceuticals, and others. The food & beverage segment is expected to dominate the market since flexible packaging solutions help increase the shelf life of food products and protect the food items from any type of contamination risk.
Regionally, the flexible plastic packaging market?has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the market share in the overall flexible plastic packaging market owing to the well-established flexible plastic packaging market in the region. While Asia Pacific is expected to register significant growth in the market owing to the increasing demand from various end-user industries in the region.
The major players operating in the flexible plastic packaging market are Amcor Limited, Bemis Company, Inc., Sealed Air Corporation, Sonoco Products Company, Coveris Holdings SA, Berry Plastics Group, Inc., ProAmpac, Sigma Plastics Group, Constantia Flexibles Group, Mondi plc, Sonoco, Jindal Polyfilms Ltd., Huhthamaki Group, Supreme Plastics Ltd, Novolex and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
The Objective of the Study:
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels, and presence of all major players across the globe.
TechSci Research calculated the market size of the global flexible plastic packaging market?using?a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute
Details
Base Year
2022
Historical Data
2018?– 2021
Estimated Year
2023
Forecast Period
2024 – 2028
Quantitative Units
Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023E-2028F
Report coverage
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
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Segments covered
·?????????Type
·?????????Base Resin
·?????????Printing Technology
·?????????End User Industry
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Kuwait; Brazil, Argentina, Colombia;
Key companies profiled
Amcor Limited, Bemis Company, Inc., Sealed Air Corporation, Sonoco Products Company, Coveris Holdings SA, Berry Plastics Group, Inc., ProAmpac, Sigma Plastics Group, Constantia Flexibles Group, Mondi plc, Sonoco, Jindal Polyfilms Ltd., Huhthamaki Group, Supreme Plastics Ltd, Novolex.
Customization scope
10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
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Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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Report Scope:
In this report, the global flexible plastic packaging market?has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles:?Detailed analysis of the major companies present in the global flexible plastic packaging market.