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Global Flexible Packaging Materials Market – Industry Trends and Forecast to 2029

  • Materials & Packaging
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Materials & Packaging
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Flexible Packaging Materials Market By Material Type (Plastic, Paper, Recycled Cellulose Fiber, Aluminum Foil, Bioplastics), Design Type (Bags and Trays, Pouches, Squeezable Bottles,  Rollstock, Wraps, Blisters), Technology (Flexography, Rotogravure, Digital, Others), Application (Food and Beverages, Pharmaceuticals, Household & Personal Care, Tobacco Products, Industrial & Chemical Products, Oil & Lubricants) – Industry Trends and Forecast to 2029

Flexible Packaging Materials Market

Market Analysis and Size

The introduction of automation and robotics over the last few decades, production lines around the world have undergone significant transformations. High levels of competition and a growing emphasis on reducing turnaround time have pushed manufacturers all over the world toward automation to maintain high levels of throughput and efficiency.

Data Bridge Market Research analyses that the flexible packaging materials market was valued at 169.02 billion in 2021 and is expected to reach the value of USD 265.35 billion by 2029, at a CAGR of 5.80% during the forecast period of 2022 to 2029.

Market Definition

In flexible packaging, the best qualities of plastics and films are combined. These adaptable packaging options provide a functional solution with low production costs. Flexible packaging is a significant component in the supply chain of numerous sectors and products, ranging from consumer items to electronics, cosmetics, and medical supplies. Flexible packaging enhances the value and marketability of both food and non-food products by combining the best attributes of plastic, film, paper, and aluminium foil to give a wide range of protective capabilities while using the least amount of material possible.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Material Type (Plastic, Paper, Recycled Cellulose Fiber, Aluminum Foil, Bioplastics), Design Type (Bags and Trays, Pouches, Squeezable Bottles,  Rollstock, Wraps, Blisters), Technology (Flexography, Rotogravure, Digital, Others), Application (Food and Beverages, Pharmaceuticals, Household & Personal Care, Tobacco Products, Industrial & Chemical Products, Oil & Lubricants)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Amcor plc (Australia), Dow (U.S.), Bemis Company, Inc. (U.S.), Westrock Company (U.S.), Sealed Air Corporation (U.S.), DS Smith (U.K), Huhtamaki Oyj (Finland), Berry Plastic Corporation (U.S.), Ball Corporation (U.S.), Genpak, LLC (U.S.), Union packaging (U.S.), Robert Bosch GmbH (Germany), Tetra Pak International S.A. (Switzerland), Coesia S.p.A. (Italy), Marchesini Group S.p.A. (Italy), OPTIMA packaging group GmbH (Germany), Videojet Technologies, Inc. (India), Muller LCS. (US), ISHIDA CO.,LTD (Japan) and GEA Group Aktiengesellschaft (Germany)

Opportunities

  • Sustainable packaging solutions that require fewer materials and energy to manufacture a package
  • Growing environmental concerns about the use of biodegradable plastics in flexible packaging
  • Rising disposable income and growth opportunity in developing regions

Flexible Packaging Materials Market Dynamics

Drivers

  • Rising adoption of the flexible packaging materials

Increased adoption of flexible packaging materials is a major factor driving market growth, as is increased demand for consumer goods, modernized materials and the development of energy-efficient materials, among other factors driving the growth of the flexible packaging materials market. The rise in the retail industry and e-commerce will create new opportunities for the flexible packaging materials market.

  • Growing environmental awareness and rapid demand from the food industry

Growing environmental concerns have prompted a pioneering move toward sustainable packaging, which will have an impact on the growth of the flexible packaging materials market from 2022 to 2029. The increasing penetration of automated food manufacturing plants necessitates the use of new packaging systems for hurdle-free packaging of finished products, the ability of flexible packages to conserve resources and reduce environmental pollution, and an increase in online sales volume are some of the factors that are expected to accelerate market growth. On the other hand, rising health and nutrition concerns and strong demand for light packaging to reduce transportation costs will further boost various opportunities that will lead to market growth during the forecast period.

Opportunity

Manufacturers have been encouraged to develop new packaging options as a result of dynamic industry changes such as the implementation of new regulatory initiatives. Growing environmental concerns about the use of biodegradable plastics in flexible packaging have also pushed manufacturers to improve safe and secure sustainable packaging options. Manufacturers are considering sustainable packaging solutions that require fewer materials and energy to manufacture a package, reduce transportation expenses, and offer a longer shelf-life to the product in order to reduce cost pressures and maintain the integrity of product packages.

Restraints

Higher capital costs are required for the production and import activities for integrated packaging machinery for operations such as wrapping, automated labeling, palletizing materials, and significant others. Such factors are impeding the growth of the packaging machinery industry as a whole. Customs duties imposed in developing countries are also having a negative impact on the overall growth of the packaging machinery industry.

This flexible packaging materials market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flexible packaging materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Flexible Packaging Materials Market

The prolonged lockdown and reduced labor have had a negative impact on the growth of the packaging machinery market. The pandemic had a negative impact on the manufacturing and production facilities. During the pandemic, demand for consumer goods and electronics fell as well. Because of the growing number of COVID cases around the world, demand for pharmaceutical industries and medical sectors has increased. As a result these causes, demand for medications and pharmaceutical drugs has skyrocketed, needing suitable packaging. Despite the influence of COVID, such factors have aided the overall growth of the packaging machinery industry. During the pandemic, there was a significant drive from the e-commerce sectors, as there were stringent restrictions on movement, which influenced the overall growth of the packaging machinery industry.

Global Flexible Packaging Materials Market Scope

The flexible packaging materials market is segmented on the basis of material type, design type, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material type

  • Plastic
  • Paper
  • Recycled Cellulose Fibre
  • Aluminium Foil
  • Bioplastics

Design type

  • Bags and Trays
  • Pouches
  • Squeezable Bottles
  • Rollstock
  • Wraps
  • Blisters

Technology

  • Flexography
  • Rotogravure
  • Digital
  • Others

Application

  • Food and Beverages
  • Pharmaceuticals
  • Household & Personal Care
  • Tobacco Products
  • Industrial & Chemical Products
  • Oil & Lubricants

 Flexible Packaging Materials Market Regional Analysis/Insights

The flexible packaging materials market is analysed and market size insights and trends are provided by country, material type, design type, technology and application as referenced above.

The countries covered in the flexible packaging materials market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.

North America has amassed the largest market share in the flexible packaging materials market in recent years. The primary reason is the region's high beer production and consumption. Furthermore, off-premise retail sales in the United States have increased significantly over the last decade, reaching more than $65 million in the same year. These enormously large numbers are responsible for boosting the flexible packaging materials market in the region. Furthermore, the presence of a number of key players in the region has added value to the region's expanding market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Flexible Packaging Materials Market Share Analysis

The flexible packaging materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to flexible packaging materials market.

Some of the major players operating in the flexible packaging materials market are:

  • Amcor plc (Australia)
  • Dow (U.S.)
  • Bemis Company, Inc. (U.S.)
  • Westrock Company (U.S.)
  • Sealed Air Corporation (U.S.)
  • DS Smith (U.K)
  • Huhtamaki Oyj (Finland)
  • Berry Plastic Corporation (U.S.)
  • Ball Corporation (U.S.)
  • Genpak, LLC (U.S.)
  • Union packaging (U.S.)
  • Robert Bosch GmbH (Germany)
  • Tetra Pak International S.A. (Switzerland)
  • Coesia S.p.A. (Italy)
  • Marchesini Group S.p.A. (Italy)
  • OPTIMA packaging group GmbH (Germany)
  • Videojet Technologies, Inc. (India)
  • Muller LCS. (US)
  • ISHIDA CO.,LTD (Japan)
  • GEA Group Aktiengesellschaft (Germany)

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Frequently Asked Questions

The Future Value of the Flexible Packaging Materials Market is expected USD 1,402.94 million by 2029.
The growth rate of the Flexible Packaging Materials Market is 5.80% during the forecast period of 2022-2029.
On the basis of application, the Flexible Packaging Materials Market is segmented into Food and Beverages, Pharmaceuticals, Household & Personal Care, Tobacco Products, Industrial & Chemical Products, Oil & Lubricants.
On the basis of application, the Flexible Packaging Materials Market is segmented into Flexography, Rotogravure, Digital, Others.