IMARC Group's report titled "Flexible Packaging Market Report by Product Type (Printed Rollstock, Preformed Bags and Pouches, and Others), Raw Material (Plastic, Paper, Aluminium Foil, Cellulose), Printing Technology (Flexography, Rotogravure, Digital, and Others), Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Others), and Region 2024-2032". The global flexible packaging market size reached US$ 136.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 190.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.

Factors Affecting the Growth of Flexible Packaging Industry:

  • Push Toward Sustainability:

The emphasis on sustainability has emerged as a major catalyst in the flexible packaging industry. With a growing consciousness about the environment, both consumers and businesses are actively searching for packaging alternatives that minimize their ecological impact. Flexible packaging presents numerous benefits in this context. Firstly, it generally necessitates fewer resources for production when compared to conventional rigid packaging materials like glass or metal. This decrease in material usage results in reduced energy consumption and emissions during the manufacturing process. Furthermore, advancements in material science have paved the way for the creation of environmentally friendly options such as bio-based plastics and recyclable laminates, further mitigating the environmental consequences of flexible packaging.

  • Convenience and Consumer Preferences:

The importance of convenience cannot be overstated when it comes to influencing the flexible packaging market. In today's fast-paced society, consumers value convenience and user-friendly features when making purchasing decisions. Flexible packaging addresses these needs by providing resealable closures, easy-to-open designs, and portion control options. These characteristics not only improve the overall user experience but also contribute to consumer satisfaction, driving the demand for products packaged in flexible formats. Additionally, the lightweight and space-saving qualities of flexible packaging make it perfect for on-the-go consumption, catering to the demands of busy lifestyles. Furthermore, the adaptability of flexible packaging allows for a variety of shapes and sizes, enabling brands to stand out on store shelves and cater to diverse consumer preferences. Consequently, manufacturers are increasingly embracing flexible packaging to leverage evolving consumer behaviors and gain a competitive advantage in the market.

  • Cost Efficiency and Supply Chain Optimization:

The adoption of flexible packaging solutions is driven by the significant factors of cost efficiency and supply chain optimization. Flexible packaging often provides lower production costs compared to rigid packaging alternatives. This is due to reduced material usage, faster processing times, and lighter weight, resulting in lower transportation expenses. Moreover, the flexible nature of these packaging formats allows for more efficient use of storage space, leading to reduced warehousing costs and improved inventory management. Additionally, advancements in printing technologies enable high-quality graphics and branding on flexible packaging, eliminating the need for additional labeling or secondary packaging. This streamlines the production process and reduces overall expenses.

Leading Companies Operating in the Global Flexible Packaging Industry:

  • Amcor Limited
  • Bemis Company
  • Berry Global Group, Inc
  • Mondi Limited
  • Sealed Air
  • Aluflexpack AG
  • Bak Ambalaj Sanayi
  • Constantia Flexibles
  • Clondalkin Group
  • Danaflex Group
  • DS Smith Plc
  • Glenroy, Inc
  • Huhtamaki PPL Limited
  • Printpack, Inc.
  • ProAmpac Intermediate, Inc.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/flexible-packaging-market/requestsample

Flexible Packaging Market Report Segmentation:   

By Product Type:

  • Printed Rollstock 
  • Preformed Bags and Pouches
  • Others

Printed rollstock dominates the market due to its versatility, cost-effectiveness, and ability to cater to various industries' packaging needs.

By Raw Material:

  • Plastic
  • Paper
  • Aluminium Foil
  • Cellulose

Plastic holds maximum number of shares due to its versatility, durability, and cost-effectiveness, making it suitable for a wide range of packaging applications across various industries.   

By Printing Technology:

  • Flexography
  • Rotogravure
  • Digital
  • Others

Flexography represents the largest segment due to its versatility, cost-effectiveness, and ability to efficiently print on a wide range of flexible packaging substrates.

By Application:

  • Food and Beverages
  • Pharmaceuticals
  • Cosmetics
  • Others

Food and beverages dominate the market due to the essential need for packaging to preserve freshness, maintain product quality, and provide convenience to consumers in this industry.

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Global Flexible Packaging Market Trends:

Ongoing innovation and technological progress are key factors driving the growth of the flexible packaging market. Research and development activities lead to the introduction of new materials, manufacturing methods, and packaging styles, which improve the effectiveness and attractiveness of flexible packaging solutions. State-of-the-art barrier technologies play a crucial role in prolonging the shelf life of perishable items, maintaining product freshness, and reducing food wastage. Moreover, advancements in printing technologies result in visually appealing designs that boost brand visibility and consumer interaction. The incorporation of smart packaging elements like RFID tags and QR codes also opens up possibilities for interactive experiences and enhanced supply chain transparency.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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