PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627851
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627851
The Spain flexible packaging market is predicted to expand at a CAGR of 4.67% to account for US$ 7.647 billion by 2030 from US$ 6.088 billion in 2025.
Flexible packaging refers to the packaging of any product using a flexible material, or its shape and size can be changed during use. There are various types of flexible packaging materials available across the market, including paper, plastics, film, and aluminum foils, among others. These packaging solutions offer multiple benefits to consumers and industries, as it is a form of a sustainable solution of packaging and is also easy to recycle.
A major factor boosting Spain's flexible packaging market forward is the increasing demand and sales of the e-commerce sector in the nation. Most e-commerce brands prefer various types of flexible packaging solutions for their products. The flexible packaging solutions offer multiple benefits to the e-commerce platforms, as they offer easy packaging, storing, and logistics space, and they also help the platforms offer cost-effective packaging solutions for their products.
The annual turnover of the e-commerce sector in Spain surged significantly over the past few years. The Comision Nacional de los Mercados y la Competencia, or CNMC of Spain, reported that the turnover of the e-commerce platform witnessed a growing trend, especially in the quarters of 2023. The agency stated that in the first quarter of 2023, the total turnover of e-commerce was recorded at EUR 19,175 million, which increased to EUR 20,492 million in the second quarter of 2023. In the third and fourth quarters of 2023, the total turnover of the e-commerce sector was recorded at EUR 21,803 million and EUR 22,707 million, respectively.
What are the drivers of the Spain flexible packaging market?
The growth of the nation's food and beverage packaging and processing sector is forecasted to boost the its demand for flexible packaging solutions. In the food and beverage processing sector, flexible packaging is among the most common forms of packaging solutions used, as it offers several advantages over traditional packaging solutions. Using a flexible packaging solution reduces the operation cost and increases the capacity of packaging, as per the requirement. The food processing sector of the nation witnessed a significant surge in its total output. The US Department of Agriculture, in its report, stated that in 2022, the food industry contributed to about 2.4% of the nation's GDP, with total output recorded at about US$157 billion. The agency further stated that in 2022, the meat & meat products sector of the food processing industry of Spain recorded an output of about US$36,447 million, which increased by about 15.6% from the previous year. Similarly, the output of fishery products, fruits & vegetables, and dairy products were recorded at US$6,333 million, US$11,648 million, and US$11,630 million, respectively. The organization stated that the meat & meat products contributed to about 23.89% of the food and beverage industry of the nation, whereas the fruits & vegetables category occupies about 7.64%. Dairy products and fishery products contribute to about 7.62% and 4.15% of the total food and beverage industry, respectively.
Spain flexible packaging market Geographical outlooks
The northern part of Spain, comprising Asturias, Cantabria, Galicia, Viana, and the Basque region, is quite active in the flexible packaging market because these regions have a developed industrial capacity associated with sectors such as food processing, and pharmaceuticals industries. The industrial focus of this region and its technologically advanced outlook, due to research and development conducted by educational institutions and regional players that encourage partnerships and growth, has been the major variable behind the need for flexible packaging materials within the region.
Moreover, the technological innovation of flexible packaging in Northern Spain also draws more manufacturers from the region to develop functional packaging solutions. For instance, Saica Group, based in Spain, intended to invest in an HP corrugated press for the Viana plant in Spain. The company is dedicated to transforming into a fully digital organization and innovative technologies to satisfy the increasing need for short-run and customized flexible packaging. This increased demands for corrugated packaging production, which the new press provided in 2023.
In addition, the growth of the flexible packaging market in northern Spain is being fueled by improved packaging materials. Biodegradable paper packaging and compostable films are also being increasingly incorporated into the regional market. There is also rising demand for other sustainable packaging solutions, such as environment-friendly packaging systems made from biodegradable or recyclable materials in the northern Spanish flexible packaging market.
Additionally, the food and beverage sector in northern Spain uses a considerable amount of flexible packaging, especially for dairy, meat and poultry, fish and seafood, fresh produce, and convenience food categories. In addition, the factors influencing the need for flexible packaging are related to ease of use, lightweight structure, ecological benefits, and enhancement of the brand image. Flexible packaging is also promoted with the region's increase in the seafood industry, which will enhance the demand for flexible packaging, growing the market in the forecast period.
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