The Rise of Flexible Paper Packaging: Market Analysis and Growth Opportunities | Expert Review

Flexible paper packaging is a sustainable and versatile solution in the packaging industry. It combines paper, films, and coatings to provide durability, barrier properties, and functionality. Its need arises from increasing consumer demand for sustainable options, its versatility for various product types, its eco-friendliness compared to plastics, and its ability to provide barrier protection and cost-effectiveness.

The global flexible paper packaging market size is projected to grow from USD 64.4 billion in 2021 to USD 79.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast year. According to the Flexible Packaging Association, flexible packaging?is any package or any part of a package whose shape can be readily changed. Flexible paper packaging is lighter in weight, cost-efficient, and uses less material as compared to other forms of packaging.

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Browse?236 market data Tables and?34 Figures spread through?190 Pages and in-depth TOC on?"Flexible Paper Packaging Market by Packaging Type (Pouches, Roll Stock, Shrink Sleeves, Wraps), Printing Technology (Rotogravure, Flexography, Digital Printing), embellishing type (Hot Coil, Cold Coil), Application, and Region - Global Forecast to 2026"

Flexible Paper Packaging Market Key Players

The flexible paper packaging market has thousands of companies which thrive in their domestic market. A few of the major players are as Amcor Limited (Australia), Mondi Group (UK), Sonoco Products Company (US), 希悦尔 (US), Huhtamaki OYJ (Finland), Sappi Global (South Africa), DS Smith (UK), Coveris UK Holding SA (UK), Sabert Corporation (US), Wihuri (Finland), among others. These players have adopted various growth strategies, such as mergers & acquisitions, investments & expansions, agreements, partnerships & joint ventures, and new product developments, to increase their market shares and enhance their product portfolios.

Amcor Limited?was formerly known as Australian Paper Manufacturers (APM) and changed its name to Amcor Limited in May 1986. The company is a global packaging manufacturer that offers innovative packaging solutions for healthcare and medical devices. It offers #plastic, #packaging film, metal, and glass packaging for several industries such as #beverage, #food, #medical, household, industrial goods, #pharmaceuticals, and tobacco. Amcor classifies its operations into two segments: flexibles and rigid plastics. The company offers flexible paper packaging under the flexibles segment. Amcor’s flexibles business has a global presence and is one of the world’s largest developers and suppliers of flexible packaging and specialty folding cartons.?

In terms of value & volume, pouches is estimated to lead the flexible paper packaging market in 2020

Pouches are projected to dominate the market for flexible paper packaging by 2026, in terms of value. The increased use of pouches is subjected to pouches being versatile, lightweight, and easy to transport. There is an increasing demand for pouches from the food packaging and e-commerce industries.

Flexography is estimated to be the largest segment in the flexible paper packaging market

Flexography, by printing technology, accounted for the greatest demand for flexible paper packaging in 2020, in terms of value and volume. The growth of this segment is mainly attributed to the high demand for flexible paper packaging due to the fact that inks used in flexography are low viscosity, which enables the print to dry quickly and speeds up the printing process, thus saving the cost of production.

Hot Coil is estimated to be the largest segment in the flexible paper packaging market in 2020.

Hot Coil, by embellishing type, accounted for the greatest demand for flexible paper packaging in 2020, in terms of value and volume. Hot foil embellishment is utilized across a wide range of industry sectors, but account for the highest share in the food and beverages (particularly confectionary such as premium chocolate, wine and liquor bottles, and other premium foods), cosmetics, electronics, banknotes, business cards, and greeting cards and artwork.

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Food segment is estimated to be the largest segment in the flexible paper packaging market in 2020.

Food, by accounted for application, the greatest demand for flexible paper packaging in 2020, in terms of value and volume. The growth of this segment is mainly attributed to the high demand for flexible paper packaging as changing lifestyles and busy schedules of the working population. Flexible paper packaging also reduces leakage and extends the shelf-life of products. Food products are the largest consumers flexible plastic packaging owing to their convenience and portability. The primary functions of food & beverage packaging are the reduction of food loss and increasing the shelf-life of food products.

The APAC region is projected to account for the largest share in the flexible paper packaging market during the forecast period.

The APAC region is projected to lead the flexible paper packaging market in terms of both value and volume from 2021 to 2026. Growing population and rapid urbanization are among the key factors propelling industry expansion in the region, during the forecast period. Growing food and beverage industry, in several APAC countries, are fueling the flexible paper packaging demand in the region.