Flexible Packaging Market – Rising Demand in End-use Industries like Cosmetic & Personal Care, Food & Beverage, and Pharmaceutical is Expected to Lead the Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 4.3% from 2022 to 2028

Flexible Packaging
  • Flexible Packaging Market

As stated in our extensive report; the Global Flexible Packaging Market accounted forUSD 248.5 Billionin 2021.

The COVID-19 outbreak has hampered the Global Flexible Packaging Market due to a disrupted supply chain and low production rate. In addition, the closing of manufacturing plants and reduced production affected the market growth during the COVID-19 period. However, there has been the slightest spike in demand for these Flexible Packaging as people preferred to purchase online more. The online sales of daily need products, groceries, and other stuff were purchased in bulk to stock up for later use. In addition, the Flexible Packaging was the most preferred packaging style for these online sold products. This has surged the demand for Flexible Packaging, which further led to the Global Flexible Packaging Market growth during the pandemic.

The increasing customer preference for re-closable packaging and stand-up pouches is a Flexible Packaging Market trend. The novel advancements in the Flexible Packaging include collapsible bags, compostable films, bag-in-box, and many others. Such novel packaging styles are expected to boost global demand for Flexible Packaging. All the competitive market players are endeavoring to bring novel innovations in the Flexible Packaging. For instance, KM packaging, one of the prominent market players in the Flexible Packaging Market, had launched a compostable product range made up of bio-plastic packaging materials. Such innovations are anticipated to drive the Global Flexible Packaging Market.

The demand for convenience food and packaged snacks are surging with the need for Flexible Packaging. Due to the environmental benefits and its multi-fold energy, the packing industry is shifting its focus towards Flexible Packaging. The increasing awareness to utilize bio-degradable plastic for Flexible Packaging is bringing novel packing styles into the light. The ecological concerns have made the major market players develop sustainable packaging. The Flexible Packaging is convenient for transportation, requires less material and energy to produce Flexible Packaging, and prevents moisture on the inner level. All such factors are propelling the demand for Flexible Packaging, which is estimated to lead to the Global Flexible Packaging Market growth.

The Global Flexible Packaging Market based on the region is divided into and the rest of the world. However, the has been dominating the Flexible Packaging Market over the past few years and is expected to grow more in the future. The Flexible Packaging Market has grown significantly in owing to the increasing population, change in lifestyles, and rapidly growing urbanization.

Notable and prominent players in the Global Flexible Packaging Market include- Berry Global Inc., Amcor PLC, FlexPak Services LLC, Mondi Group, Sealed Air Corporation, Constantia Flexibles, Transcontinental Inc., Coveris Holding SA, Huhtamaki, Sonoco and others.