Flexible Plastic Packaging Market by Type, Printing Technology, Application

Description

List of Tables

[197 Pages Report] The Flexible Plastic Packaging Market size was estimated at USD 190.71 billion in 2023 and expected to reach USD 199.46 billion in 2024, at a CAGR 5.01% to reach USD 268.60 billion by 2030.

The flexible plastic packaging uses pliable plastic materials for wrapping and enclosing various consumer goods and industrial products. By utilizing modern manufacturing processes such as extrusion, co-extrusion, lamination, and printing techniques, these packaging solutions offer enhanced product protection while reducing weight and costs. Key industries benefiting from flexible plastic packaging include food & beverages, pharmaceuticals, personal care & cosmetics, home care & toiletries, automotive, electronics, and agriculture. The demand for flexible plastic packaging is rising for extended shelf life and product protection. Furthermore, increasing consumer preference for sustainable options has led to advancements in eco-friendly materials such as biodegradable plastics and recycling technologies. However, flexible plastic packaging has the potential to impact the flavor of food and beverages, which can pose production challenges. Additionally, recycling and waste management considerations can drive up costs. Players are developing eco-friendly and recyclable packaging materials to overcome these negative impacts. Technological advancements in materials science have enabled manufacturers to produce thinner films with improved barrier properties.

KEY MARKET STATISTICS
Base Year [2023]	USD 190.71 billion
Estimated Year [2024]	USD 199.46 billion
Forecast Year [2030]	USD 268.60 billion
CAGR (%)	5.01%

Regional Insights

In the Americas, lightweight packaging solutions with extended shelf life are gaining traction due to their reduced transportation costs and contribution to a lower carbon footprint. Moreover, consumer preference and for convenience sustainable packaging solutions is propelling the flexible plastic packaging market in the region. In the EMEA region, government regulations supporting circular economy strategies have spurred demand for eco-friendly packaging materials in numerous EU countries. Technological innovations in biodegradable plastics have gained momentum in this area, fueling growth in the flexible packaging market. Moreover, the MEA flexible plastic packaging market is poised for steady growth as more consumers embrace convenience and a rising focus on sustainability drives innovation. Rapidly expanding economies, including China, India, and Japan, are propelling growth opportunities within the flexible plastics industry in the Asia Pacific region. Factors such as growing urban populations, rising disposable income levels, and a burgeoning e-commerce sector contribute to increasing demand for convenient packaging solutions.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Flexible Plastic Packaging Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Growing demand for extended shelf life and product protection
- Consumer inclination towards attractive, useful, and cost-effective packaging materials
- Rapidly expansion of Commerce sector globally

Market Restraints
- Concerns about plastic affecting the flavor of food & beverages

Market Opportunities
- Increasing importance of packaging solutions with lesser energy consumption and GHG emissions
- Development of eco-friendly and recyclable packaging materials

Market Challenges
- Issues related to recycling and waste management

Market Segmentation Analysis
- Type: Consumer preferences for sustainability bags
- Printing Technology: Growing printing technology enables high-quality graphics, variable data printing, and faster turnaround times
- Application: Increasing use of flexible plastic packaging in food and beverage industry

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Flexible Plastic Packaging Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Flexible Plastic Packaging Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

TC Transcontinental Packaging Makes Major Investment to Accelerate the Commercialization of Recyclable Flexible Packaging

TC Transcontinental Packaging invested USD 60 million in cutting-edge mono-material recyclable flexible plastic packaging solutions. This investment aimed to address sustainability challenges in current offerings and accelerate the commercialization of recyclable film solutions for demanding applications while maintaining fill speed and performance. [Published On: 2023-08-22]

Joint Pilot Testing Launches for Horizontal Recycling of Flexible Packaging Film

Toppan Inc., Mitsui Chemicals Tohcello, Inc., and Mitsui Chemicals, Inc. launched pilot testing for the horizontal recycling of printed BOPP film back into new flexible packaging film in the context of flexible plastic packaging. This initiative aims to establish technologies and operational infrastructure for the horizontal recycling of flexible packaging materials. The three companies aim to leverage the network expansion in the flexible packaging industry to promote the horizontal recycling of flexible packaging film. This effort stressed the importance of sustainability and contributes to reducing waste in the packaging industry. [Published On: 2023-08-02]

INEOS Launches Recyclable Flexible Packaging Film Made from Recycled Plastic Waste

INEOS AG launched its Recycl-IN resins, an innovative and environmentally friendly flexible packaging solution for the plastic industry. This product is a rigid, ultra-thin, and recyclable film, with over 50% of its material derived from recycled plastic. The development of this groundbreaking product has been made possible through the collaboration between INEOS and Hosokawa Alpine AG, leveraging INEOS' extensive expertise in polymer technology and the advanced machine direction orientation (MDO) technology from Hosokawa Alpine. [Published On: 2023-05-06]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Flexible Plastic Packaging Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Flexible Plastic Packaging Market, highlighting leading vendors and their innovative profiles. These include A.B. Polypacks Pvt. Ltd., Allied Flexible Products, Amcor Ltd., Berry Global Group, Inc., Bischof + Klein SE & Co. KG, CCL Industries Inc., Constantia Flexibles, Cosmo Films, Coveris Management GmbH, DS Smith PLC, FlexPak Services LLC, Huhtamaki Oyj, Jinisha Industries, Klockner Pentaplast of America, Inc., Mccormick Corporation, Mondi Group, Paxxus, Inc., Printpack Inc., ProAmpac LLC, Safepack Industries Limited, Scientex Packaging, Sealed Air Corporation, SIG Group, Sonoco Products Company, Swiss Pac Pvt. Ltd.*, TCPL Packaging Ltd., Transcontinental Inc., Uflex Ltd., Windmoeller & Hoelscher Corp., and Winpak Ltd..

Market Segmentation & Coverage

This research report categorizes the Flexible Plastic Packaging Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Bags
- Films & Wraps
- Pouches
- Rollstock

Printing Technology
- Digital Printing
- Flexography
- Rotogravure

Application
- Agriculture
- Electronics & Consumer Goods
- Food & Beverage
- Industrial
- Personal Care & Household Care
- Pharmaceutical & Medical

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-961BA04A2E14

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for extended shelf life and product protection
  - 5.1.1.2. Consumer inclination towards attractive, useful, and cost-effective packaging materials
  - 5.1.1.3. Rapidly expansion of Commerce sector globally
- 5.1.2. Restraints
  - 5.1.2.1. Concerns about plastic affecting the flavor of food & beverages
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing importance of packaging solutions with lesser energy consumption and GHG emissions
  - 5.1.3.2. Development of eco-friendly and recyclable packaging materials
- 5.1.4. Challenges
  - 5.1.4.1. Issues related to recycling and waste management
5.2. Market Segmentation Analysis
- 5.2.1. Type: Consumer preferences for sustainability bags
- 5.2.2. Printing Technology: Growing printing technology enables high-quality graphics, variable data printing, and faster turnaround times
- 5.2.3. Application: Increasing use of flexible plastic packaging in food and beverage industry
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Flexible Plastic Packaging Market, by Type

6.1. Introduction
6.2. Bags
6.3. Films & Wraps
6.4. Pouches
6.5. Rollstock

7. Flexible Plastic Packaging Market, by Printing Technology

7.1. Introduction
7.2. Digital Printing
7.3. Flexography
7.4. Rotogravure

8. Flexible Plastic Packaging Market, by Application

8.1. Introduction
8.2. Agriculture
8.3. Electronics & Consumer Goods
8.4. Food & Beverage
8.5. Industrial
8.6. Personal Care & Household Care
8.7. Pharmaceutical & Medical

9. Americas Flexible Plastic Packaging Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Flexible Plastic Packaging Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Flexible Plastic Packaging Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. TC Transcontinental Packaging Makes Major Investment to Accelerate the Commercialization of Recyclable Flexible Packaging
- 12.3.2. Joint Pilot Testing Launches for Horizontal Recycling of Flexible Packaging Film
- 12.3.3. INEOS Launches Recyclable Flexible Packaging Film Made from Recycled Plastic Waste
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio