Global Flexible Packaging Market Report 2023 to 2028: Key Players Include Amcor, Berry Global, Mondi, Sealed Air and TC Transcontinental Packaging - ResearchAndMarkets.com

The "Flexible Packaging Market - Global Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global flexible packaging market is expected to grow at a CAGR of 5.12% during 2023-2028. In the aftermath of COVID-19, the flexible packaging market witnessed a supply chain disruption because of a voluntary shutdown of factories or authorities enforcing lockdown.

In some cases, though, the workforce at the supplier location had been reduced to ensure a certain amount of work was carried out to deliver smaller batches of materials required at the converter's place.

The high prices of premium categories of F&B products are expected to be majorly impacted, while the reasonably priced essential F&B products are expected to see higher demand. In Italy, the post-COVID-19 situation prompted the packaging vendors to reassess and revisit their inventories. The packaging vendors have re-strategized their supply chain by reducing dependence on cross-border suppliers as there exists a fear of trade route blockade.

As some end-use applications have flourished, the demand for flexible packaging has been affected due to less consumption. Medicines, dairy products, food, sanitizers, face masks, disinfectants, and others have been in high demand. These products also require packaging, particularly flexible packaging, thereby increasing demand for flexible packs in the flexible packaging market.

Recent Developments In The Global Flexible Packaging Market

• In September 2022, Amcor announced an investment of around USD 45 million in ePac Flexible Packaging, digitally based flexible packaging with high quality and short run length.
• In August 2022, Berry Global launched top-selling thermoformed and injection stretch blow-molded food packs in recycled PET (rPET) form.
• In June 2021, Mondi and one of the Dutch cheese packaging companies, Hazeleger, developed a mono-material solution for packaging Westland Kaas Maaslander cheese slices. These packings have the properties of being lightweight and easily recyclable.

Key Questions Answered:

1. How big is the flexible packaging market?

2. What is the growth rate of the flexible packaging market?

3. Which are the key players in the global flexible packaging market?

4. Which region holds the most significant global flexible packaging market share?

5. What are the rising trends in the flexible packaging market?

Market Dynamics

Opportunities & Trends

• Increased Focus on Sustainable Flexible Packaging
• Usage of High-Barrier Plastic Packaging Materials
• Increasing Adoption of Flexible Packaging Over Rigid Packaging
• Growing E-Commerce Industry
• Shift from Frozen Packaging to Modified Atmospheric Packaging Products

Growth Enablers

• Increasing Demand from Healthcare
• Demand for Lightweight Products
• Increase in Pouch Packaging Across End-Users
• Increase in Processed and Packaged Food
• Increase in Shelf Life
• Rising Awareness of Cosmetics & Personal Care

Restraints

• Recycling Challenges with Flexible Packaging Products
• Higher Operational Costs
• Fragmented Marketplace
• Rising Raw Material Costs
• Slow Economic Growth in 2020

Market Segmentation

by Material

• Flexible Plastic
• PE (Polyethylene)
• BOPP (Biaxially Oriented Polypropylene)
• CPP (Cast Polypropylene)
• BOPET (Biaxially-oriented Polyethylene Terephthalate)
• PA (Polyamide)
• PET (Polyethylene Terephthalate)
• PVC (Polyvinyl Chloride)
• EVOH (Ethylene-Vinyl Alcohol)
• Others
• Flexible Paper
• Foil

by Application

• Consumer Packaging
• Industrial Packaging

by Consumer Flexible Packaging End-Users

• Bakery & Confectionery
• Meat, Poultry & Seafood
• Dairy
• Ready-To-Eat (RTE)
• Healthcare
• Frozen Food
• Tea & Coffee
• Personal Care
• Petfood
• Other end-users

by Product

• Bags and Sacks
• Pouches
• Others

by Printing

• Flexography Printing
• Rotogravure Printing

by Geography

• North America
• US
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Benelux
• Austria
• Scandinavia
• Switzerland
• Rest of Europe
• APAC
• China
• India
• Australia
• Japan
• South Korea
• New Zealand
• Rest of APAC
• Latin America
• Brazil
• Mexico
• Argentina
• Chile
• Rest of Latin America
• Middle East & Africa
• Turkey
• Egypt
• Saudi Arabia
• South Africa
• UAE
• Rest of the Middle East & Africa

Key Company Profiles

• Amcor
• Berry Global
• Mondi
• Sealed Air
• TC Transcontinental Packaging
• Sonoco
• Huhtamaki
• Constantia Flexibles
• Ahlstrom
• Greif
• WestRock
• Smurfit Kappa
• Alu Flex Pack
• Aptar Group

Other Prominent Vendors

• Alinvest
• Aran Group
• Aluberg
• American Packaging Corporation
• Bischof + Klein
• Bioplast
• Carcano
• Danaflex
• Printpack
• ProAmpac
• Wipak Group
• Saica Flex
• Etapak (Baski Ambalaj)
• Innovia Films
• UFlex
• International Paper
• Reynolds Group
• Novolex
• Sigma Plastics
• Glenroy
• Symetal
• Krajcar Packaging
• ITP
• Gascogne Flexible
• Schur Flexibles
• Schmid Folien
• RKW Group
• Pouch Partners
• Perlen Packaging
• Goglio Packaging
• Kleiner Flexible Packaging
• Winpak
• Stora Enso
• Global-Pak
• Di Mauro
• Eurofoil
• Gerosa Group
• LEEB Flexibles
• PolyPak
• PPG
• Walki
• All4Labels
• SIG Combibloc Group
• Ringmetall SE
• The Reflex Group
• DazPak Flexible Packaging
• Supack
• Coveris
• Wipf AG
• Clondalkin Packaging
• Korozo Group
• Grupo Lantero
• Gualapack Group

For more information about this report visit https://www.researchandmarkets.com/r/wfiyb8

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