Uploaded on Mar 7, 2022
Flexible packaging is a packaging film that is produced from flexible materials which can be used to package different shapes and sizes of the product. It is made up of paper, plastic, foil, sheet, laminated sheet, and metal sheet.
Global Flexible Packaging Market increasing demand with key Players - Amcor Limited, Bemis Company.
Global Flexible Packaging Market increasing demand with key Players - Amcor Limited,
Bemis Company.
Market Overview:
Flexible packaging is a packaging film that is produced from flexible materials which can be used
to package different shapes and size of the product. It is made up of paper, plastic, foil, sheet,
laminated sheet, and metal sheet. They ensure protection from damage during transportation and
storage. They increase shelf-life of the product and also reduce the production waste as it offers the
least packaging possible. Flexible packaging uses fewer materials than rigid containers and also
consumed less energy during production. Furthermore, it releases fewer greenhouse emissions
which make a better solution for a sustainable environment.
The global flexible packaging market is projected to surpass US$ 400 billion by the end of
2027, in terms of revenue, growing at CAGR of 5.4% during the forecast period (2019 to
2027).
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Market Drivers
The rising demand for flexible packaging in the primary packaging of the product is expected to
accelerate market growth. The prime function of primary packaging is to protect the product from
any damage and contamination. Flexible packaging has all sorts of properties that exactly meet with
the primary packaging such as lightweight, low contamination, high barrier, and keeps the product
completely sealed off from the environment. Thus, flexible packaging across primary packaging is
expected to augment the market growth.
Shifting preferences for flexible packaging over rigid packaging due to sustainability advantage is
expected to fuel the market growth of flexible packaging. Flexible packaging offers a number of
sustainability advantages such as less consumption of raw material, reduced energy usage, low
greenhouse emission, and low waste produced as compared to conventional packaging formats.
This makes them an ideal choice of materials across the packaging industry and is highly preferred.
Market Opportunities
Increasing addition of layers into a flexible packaging structure in order to improve the functionality
and economic viability of the flexible packaging is expected to offer immense growth opportunities.
Moreover, the increasing advent of a new product such as high-temperature retort pouch, vacuum
pouch, and stand-up pouches is encouraging flexible packaging manufacturer to introduce materials
with advanced and improved properties this will favor the market growth.
Bio-based flexible packaging is gaining popularity in the market and this is expected to open new
avenues to the market of flexible packaging. For instance, in July 2019, DOMO Chemicals, an
engineering company, has introduced a new name for the business known as cfp flexible packaging
S.p.A. The purpose of introducing new business to produce sustainable and innovative films for
flexible packaging and other technical applications
Market Taxonomy
By Product Type
• Stand-up Pouches
• Vacuum Pouches
• Retort Pouches
• Converted Roll Stock
• Gusseted Bags
• Wicketed Bags
• Laminated Tubes
• Squeezable Bottles
• Others
By Material Type
• Polymer
• Polyethylene
• LDPE
• HDPE
• LLDPE
• Polypropylene
• BOPP
• Cast polypropylene
• BOPET
• Polyamide
• Poly Vinyl Chloride
• Ethylene Vinyl Alcohol
• Poly Styrene
• Paper
• Aluminum
• Cellulosic
By Application
• Consumer Goods
• Food & Beverages
• Dairy Products
• Bakery & Confectionery
• Ready-to-Eat Food Products
• Frozen & Chilled Food
• Tea
• Others
• Personal Care
• Pharmaceuticals
• Tobacco
• Others
• Industrial and Institutional
Key players operating in the global flexible packaging market are Amcor Limited, Bemis
Company, Sealed Air Corporation, Berry Plastics Group, Inc., Mondi Group, Sonoco Products Co.,
Huhtamäki Oyj, Constantia Flexibles Gmbh, Ampac Holdings, Llc, Bischof + KleinInternational,
Wipak Group, AR Packaging, Goglio Group, Schur Flexibles, Clondalkin Group, Flair Flexible
Packaging Solution Cellpack Packaging, and Südpack Verpackungen.
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