Flexible Packaging Market Size, Share, Forecast, & Trends Analysis by Material (PE, PP, PVC, POF, Nylon, PET), Type (Biodegradable), Packaging (Pouches, Bags & Sachet, Films & Wraps), Industry (F&B, Cosmetics, E-commerce)

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Flexible Packaging Market Size, Share, Forecast, & Trends Analysis by Material (PE, PP, PVC, POF, Nylon, PET), Type (Biodegradable), Packaging (Pouches, Bags & Sachet, Films & Wraps), Industry (F&B, Cosmetics, E-commerce)-Global Forecast to 2031.

The research report titled 'Flexible Packaging Market Size, Share, Forecast, & Trends Analysis by Material (PE, PP, PVC, POF, Nylon, PET), Type (Biodegradable), Packaging (Pouches, Bags & Sachet, Films & Wraps), Industry (F&B, Cosmetics, E-commerce)-Global Forecast to 2031' provides an in-depth analysis of the flexible packaging market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The flexible packaging market is projected to reach $359.3 billion by 2031, at a CAGR of 4.9% from 2024 to 2031.

The growth of this market is driven by the rapid growth of the food & beverage & e-commerce sectors and the increasing demand for lightweight and convenient packaging solutions. However, stringent regulatory compliance related to food safety and chemical migration may restrain this growth.

Furthermore, the growing focus on sustainable & recyclable packaging materials and the rising demand for personalized packaging solutions are expected to create market growth opportunities. However, the inadequate protection provided by flexible packaging materials presents challenges to the market's growth.

Additionally, the integration of smart features into packaging solutions is a prominent trend in the flexible packaging market.

The flexible packaging market is segmented by material, type, packaging type, and end-use industry. The study also evaluates end-user industry competitors and analyzes the market at the regional and country levels.

Based on material, the flexible packaging market is broadly segmented into polyethene (PE), polypropylene (PP), polyvinyl chloride (PVC), polyolefin film (POF), polyamide (Nylon), aluminum foil, polyester (PET), paperboard, and other materials types. In 2024, the polyethene (PE) segment is expected to account for the largest share of over 44.0% of the flexible packaging market. This segment's large market share can be attributed to the growing demand for highly versatile and cost-effective material for various packaging applications and the increasing use of PE material due to its easy recyclability and high barrier properties against moisture, chemicals, and gases.

However, the polyester (PET) segment is projected to register the highest growth rate during the forecast period of 2024-2031. This growth is driven by the growing demand for PET in beverages and the personal care sector for various packaging formats due to its properties, including high barrier properties, lightweight nature, shatter resistance, extended shelf life, recyclability, and sustainability.

Based on type, the flexible packaging market is broadly segmented into biodegradable and non-biodegradable. In 2024, the non-biodegradable segment is expected to account for the larger share of over 60.0% of the flexible packaging market. This segment's large market share can be attributed to the widespread adoption of non-biodegradable materials across industries like food & beverage, pharmaceuticals & healthcare, and personal care & cosmetics. The use of materials such as polyethylene (PE) and polypropylene (PP) is increasing in the production of flexible packaging due to their cost-effectiveness compared to biodegradable alternatives.

However, the biodegradable segment is projected to register a higher growth rate during the forecast period of 2024-2031. This segment's growth is driven by the increasing shift in consumer preferences towards eco-friendly and compostable packaging options, growing awareness of environmental issues, advancements in Bioplastics solutions, and stringent government regulations & policies aimed at promoting sustainable packaging solutions.

Based on packaging type, the flexible packaging market is broadly segmented into pouches, bags & sachets, films & wraps, containers & tubs, and other packaging types. In 2024, the pouches segment is expected to account for the largest share of over 39.0% of the flexible packaging market. This segment's large market share can be attributed to the growing demand for convenient packaging solutions suitable for on-the-go consumption and the increasing use of stand-up pouches, flat pouches, and spouted pouches due to their versatility and cost efficiency compared to rigid packaging types.

However, the films & wraps segment is projected to register the highest growth rate during the forecast period of 2024-2031. This growth is driven by the growing demand for films & wraps due to their benefits, including easy customization with printing, labels, and coatings, along with high-performance barrier protection against moisture, gases, and contaminants.

Based on end-use industry, the flexible packaging market is broadly segmented into food & beverage, pharmaceuticals & healthcare, personal care & cosmetics, household products, industrial & chemical, retail & e-commerce, agriculture & horticulture, pet care, and other end-use industries. In 2024, the food & beverage segment is expected to account for the largest share of over 56.0% of the flexible packaging market. This segment's large market share can be attributed to the increasing demand for portable and flexible food packaging options and the growing use of flexible packaging solutions for packaging snacks, beverages, and ready-to-eat meals and preserve food quality, reduce food waste, and extend shelf life.

However, the retail & e-commerce segment is projected to witness the highest growth rate during the forecast period of 2024-2031. This growth is driven by the proliferation of online retail and e-commerce platforms, increasing demand for flexible packaging, including polybags, bubble mailers, and shrink films to optimize packaging efficiency, reduce material waste, and lower shipping costs, and growing demand for flexible packaging solutions with easy-open features, tamper-evident seals, and secure closures.

Based on geography, the flexible packaging market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 39.0% of the flexible packaging market, followed by North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific's significant market share can be attributed to the rapid growth of the retail & e-commerce and food & beverage sectors, the increasing demand for recyclable and high-barrier flexible packaging solutions in the personal care & cosmetics sector, and the rising adoption of lightweight and customizable flexible packaging solutions for packaging food, beverages, and household goods.

Moreover, the market in Asia-Pacific is projected to register the highest growth rate of over 6.0% during the forecast period.

The key players operating in the flexible packaging market are Amcor Group GmbH (Switzerland), Westrock Company (U.S.), Sealed Air Corporation (U.S.), Transcontinental Inc. (Canada), DS Smith (U.K.), Huhtamaki Oyj (Finland), Berry Global Inc. (U.S.), Mondi plc (U.K.), Sonoco Products Company (U.S.), Constantia Flexibles (Austria), ProAmpac Intermediate, Inc. (U.S.), Sigma Plastics Group (U.S.), Wipf AG (Switzerland), KM Packaging Services Ltd (England), Coveris Management GmbH (Austria), and Winpak Ltd. (Canada).

Key Questions Answered in the Report:

What are the high-growth market segments in terms of material, type, packaging type, and end-use industry?
What is the historical market size for the flexible packaging market?
What are the market forecasts and estimates for 2024-2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the flexible packaging market?
Who are the major players in the flexible packaging market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the flexible packaging market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the emerging players in the flexible packaging market, and how do they compete with other players?

Scope of the Report:

Flexible Packaging Market Assessment-by Material

Polyethene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyolefin film (POF)
Polyamide (Nylon)
Aluminum Foil
Polyester (PET)
Paperboard
Other Material Types

Flexible Packaging Market Assessment-by Type

Biodegradable
Non-biodegradable

Flexible Packaging Market Assessment-by Packaging Type

Pouches
Bags & Sachet
Films & Wraps
Containers & Tubs
Other Packaging Types

Flexible Packaging Market Assessment-by End-use Industry

Food & Beverage
Pharmaceuticals & Healthcare
Personal Care & Cosmetics
Household Products
Industrial & Chemical
Retail & E-commerce
Agriculture & Horticulture
Pet Care
Other End-Use Industries

Flexible Packaging Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Singapore
- Rest of Asia-Pacific (RoAPAC)
Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America (RoLATAM)
Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa (RoMEA)

Product Code: MRCHM - 10421

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency & Limitations
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research
2.3. Market Assessment
- 2.3.1. Market Size Estimation
- 2.3.2. Bottom-up Approach
- 2.3.3. Top-down Approach
- 2.3.4. Growth Forecast
2.4. Assumptions for the Study

3. Executive Summary

3.1. Market Overview
3.2. Market Analysis, by Material
3.3. Market Analysis, by Type
3.4. Market Analysis, by Packaging Type
3.5. Market Analysis, by End-use Industry
3.6. Market Analysis, by Geography
3.7. Competitive Analysis

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Drivers
  - 4.2.1.1. Rapid Expansion of the Food & Beverage Sector
  - 4.2.1.2. Increasing Demand for Lightweight and Convenient Packaging Solutions
  - 4.2.1.3. Rising E-Commerce Sector
- 4.2.2. Restraints
  - 4.2.2.1. Stringent Regulatory Compliance Related to Food Safety And Chemical Migration
- 4.2.3. Opportunities
  - 4.2.3.1. Increasing Focus on Sustainable Packaging Materials and Recyclability
  - 4.2.3.2. Growing Demand for Personalized Packaging Solutions
- 4.2.4. Challenges
  - 4.2.4.1. Limited Barrier Protection Properties
- 4.2.5. Trend
  - 4.2.5.1. Integration of Smart Features in Packaging Solutions

5. Global Flexible Packaging Market Assessment-by Material

5.1. Overview
5.2. Polyethene (PE)
5.3. Polypropylene (PP)
5.4. Polyvinyl Chloride (PVC)
5.5. Polyolefin film (POF)
5.6. Polyamide (Nylon)
5.7. Aluminium Foil
5.8. Polyester (PET)
5.9. Paperboard
5.10. Other Material Types

6. Global Flexible Packaging Market Assessment-by Type

6.1. Overview
6.2. Biodegradable
6.3. Non-biodegradable

7. Global Flexible Packaging Market Assessment-by Packaging Type

7.1. Overview
7.2. Pouches
7.3. Bags & Sachet
7.4. Films & Wraps
7.5. Containers & Tubs
7.6. Other Packaging Types

8. Global Flexible Packaging Market Assessment-by End-use Industry

8.1. Overview
8.2. Food & Beverage
8.3. Pharmaceuticals & Healthcare
8.4. Personal Care & Cosmetics
8.5. Household Products
8.6. Industrial & Chemical
8.7. Retail & E-commerce
8.8. Agriculture & Horticulture
8.9. Pet Care
8.10. Other End-use Industries

9. Flexible Packaging Market Assessment-by Geography

9.1. Overview
9.2. North America
- 9.2.1. U.S.
- 9.2.2. Canada
9.3. Europe
- 9.3.1. Germany
- 9.3.2. U.K.
- 9.3.3. France
- 9.3.4. Italy
- 9.3.5. Spain
- 9.3.6. Russia
- 9.3.7. Netherlands
- 9.3.8. Rest of Europe
9.4. Asia-Pacific
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. India
- 9.4.4. South Korea
- 9.4.5. Thailand
- 9.4.6. Singapore
- 9.4.7. Rest of Asia-Pacific
9.5. Latin America
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Argentina
- 9.5.4. Rest of Latin America
9.6. Middle East & Africa
- 9.6.1. UAE
- 9.6.2. Saudi Arabia
- 9.6.3. South Africa
- 9.6.4. Rest of Middle East & Africa

10. Competition Analysis

10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
- 10.4.1. Industry Leaders
- 10.4.2. Market Differentiators
- 10.4.3. Vanguards
- 10.4.4. Emerging Companies
10.5. Market Share Analysis

11. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

11.1. Amcor Group GmbH
11.2. Westrock Company
11.3. Sealed Air Corporation
11.4. Transcontinental Inc.
11.5. DS Smith
11.6. Huhtamaki Oyj
11.7. Berry Global Inc.
11.8. Mondi plc
11.9. Sonoco Products Company
11.10. Constantia Flexibles
11.11. ProAmpac Intermediate, Inc.
11.12. Sigma Plastics Group
11.13. Wipf AG
11.14. KM Packaging Services Ltd
11.15. Coveris Management GmbH
11.16. Winpak Ltd.

(Note: SWOT analysis of the top 5 companies will be provided.)

12. Appendix

12.1. Available Customization
12.2. Related Reports