Flexible Packaging Market

Flexible Packaging Market Size Survey Report – In a Glance

As per the survey report on global Flexible Packaging Market, the market is projected to foresee a CAGR of 5.6% between 2024-2033, and further generate a market size of USD 410.2 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 291.7 billion revenue.

• The global Flexible Packaging Market is projected to grow on account of growing e commerce sector.
• In Japan, the growth of retail sector can be attributed to the increased innovation in the Flexible Packaging Market.
• KDMI analyst’s growth analysis foresees high raw material cost to challenge the market growth.
• Asia Pacific, having the highest market share in the Flexible Packaging Market, is projected to dominate the global market.

Flexible Packaging Market Analysis

Flexible packaging, any packaging type or a segment of package that readily changes its shape while in use or when filled, is generated from plastic, film, paper or aluminum foil, or any other mix of such materials, and comprises pouches, wraps, liners and other flexible products. The rapid rise in the e-commerce industry is one of the significant growth factors of the flexible packaging market. Worldwide B2C ecommerce revenue is anticipated to grow to USD 5.5 trillion by 2027 at a stable CAGR of 14.4% and the global B2B ecommerce market is expected to be worth USD 36 trillion by 2026. Heavy sectors such as energy, advanced manufacturing, professional business services and advanced manufacturing segments push the majority of the B2B sales value. Amcor plc, Berry Global Inc, and Mondi Group are significant players in the global market for Flexible Packaging.

Analyst’s Observation on Japan Flexible Packaging Market Survey

The application of flexible packaging is driven by its extraordinary capacity to minimize material usage, carbon footprints and energy consumption. The retail sector is the biggest consumer of the flexible packaging product and manufacturers have a vital role in producing such products. The Japanese retail sales have increased by 2.8% yearly as of November 2024, up from a downwardly reviewed 1.3% growth in October, beating the market anticipation of 1.7%. The retail scenery in Japan has travelled a long way from early marketplaces to big channels of shopping malls and departmental stores. Rengo, Toppan and Howa are some of the significant manufacturers in the Japanese Flexible Packaging Market.

Flexible Packaging Market Growth Driver & Market Restraint

Growth Driver

Demand for sustainable packaging:

Flexible packaging mostly leads to less volume of fossil fuel application, greenhouse gas release and water application compared to other packaging types because of being lightweight. Flexible packaging is responsible for saving a higher volume of resources than its consumption throughout its life cycle because it uses fewer materials resulting in less packaging waste to gather, categories and recycle. 71% of consumers are making an active choice of sustainably packaged products. In 2023, the worldwide sustainable packaging market was worth approximately 271.86 billion and is anticipated to surpass 393 billion by 2028. The sustainable plastic packaging market alone is anticipated to reach 143 billion by 2030. The global rise in demand for sustainable packaging propels the growth of the market size of the flexible packaging market.

Market Restraint

High raw material cost:

The raw material prices such as paper, metals and plastics are now expensive for generating several flexible packaging products. The supply dearth has led to an increase in polypropylene’s cost. It is the chief ingredient in bottles, resins and packaging films. The mix of high material cost and restricted availability has negative impacts on the competitiveness of the business within the flexible packaging industry.

Flexible Packaging Market Segmentation

Our experts at KD Market Insights have segmented the global Flexible Packaging Market research report as:

Flexible Packaging Market Regional Synopsis

Asia Pacific dominates the Flexible Packaging market due to its growing application in the pharmaceutical sector. Investment from venture capital and private equity firms in the pharmaceutical sector in China hit a record USD 2 billion in 2021. China has the quest to become the number one drugmaker in the world, and the expanding biotech organizations propel drug development in the country. With a growth rate of 10 to 12%, the pharmaceutical market is anticipated to reach USD 100 billion by 2025, driven by its strong national manufacturing base. The biotechnology sector in India has expanded 13-fold over the previous decade, from USD 10 billion in 2014 to above USD 130 billion in 2024. In the financial year 2023, the Indian pharma market registered a yearly growth of nearly 5%, reaching USD 49.78 billion. The growth of the personal care industry is another growth driver of the flexible packaging market. The personal care sector in China has witnessed constant growth over all channels and as of 2024. China is gaining on the US in cosmetic sales and is now the residence of the world’s 2nd largest beauty market & is anticipated to reach 1.2 billion by 2030.

Asia Pacific is the fastest-growing region due to the increasing application of flexible packaging in the food sector & beverage sectors. Flexible packaging shields and safeguards against external contaminants while maintaining the safety and hygiene of the food. The food & beverage sector of China in 2019 was around USD 595 billion, a 7.8% increase in 2018. The food & beverage of China is the world’s fastest and largest growing by maintaining an annual growth rate of above 10% for the previous 20 years. The Indian food & beverage sector is one of the largest in the world contributing around 3% of the region’s GDP. Further, India is the 2nd largest manufacturer of food worldwide, and it drives the growth of the food & beverage sector in the country. Further, the ageing population of Japan is the reason for the availability of Japanese pouch meals and all retail preferences.

Regional Company Names

• Berry Global Group Plc
• WestRock Company
• Sonoco Kappa group
• Sealed Air
• ProAmpac

Flexible Packaging Market Competitive Landscape

Some of the key players who top the global Flexible Packaging Market share:

• Amcor plc
• Berry Global Inc.
• Mondi Group
• Sealed Air Corporation
• Huhtamaki Oyj
• Coveris Holdings S.A.
• Sonoco Products Company
• Constantia Flexibles Group GmbH
• Winpak Ltd.
• ProAmpac LLC

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Flexible Packaging Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Material
      2. By Type
      3. By Application
      4. By Region
5. Market Segmentation by Material
   1. Plastic
   2. Paper
   3. Aluminum Foil
   4. Bioplastics
   5. Others
6. Market Segmentation by Type
   1. Pouches
   2. Bags
   3. Films & Wraps
   4. Others (Labels, Liners)
7. Market Segmentation by Application
   1. Food & Beverages
   2. Healthcare
   3. Personal Care
   4. Industrial
   5. Others (Pet Food, Household Products)
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application 
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Material, Type and Application  
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Material, Type and Application  
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Amcor plc
      2. Berry Global Inc.
      3. Mondi Group
      4. Sealed Air Corporation
      5. Huhtamaki Oyj
      6. Coveris Holdings S.A.
      7. Sonoco Products Company
      8. Constantia Flexibles Group GmbH
      9. Winpak Ltd.
      10. ProAmpac LLC
      11. Others
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References