Global Flexible Packaging Market Size, Share, and COVID-19 Impact Analysis, By Type (Pouches, Rollstock, Bags, Films & Wraps, Others), By Material (Plastic, Paper, Metal, Bioplastic, Others), By End-Use Application (Food & Beverages, Pharmaceutical & Healthcare, Personal Care & Cosmetics, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032

Industry: Chemicals & Materials


Global Flexible Packaging Market Insights Forecasts to 2032

  • The Global Flexible Packaging Market Size was valued at USD 255.8 billion in 2022.
  • The market is growing at a CAGR of 4.5% from 2022 to 2032
  • The Worldwide Flexible Packaging Market is expected to reach USD 397.39 billion by 2032
  • North America is expected to grow the fastest during the forecast period


Flexible Packaging Market

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The Global Flexible Packaging Market Size is expected to reach USD 397.39 billion by 2032, at a CAGR of 4.5% during the forecast period 2022 to 2032.


Flexible packaging is a method of packaging items that utilizes non-rigid materials, allowing for more cost-effective and flexible solutions. It is a newly developed approach in the packaging industry that has increased in popularity largely because of its great productivity and low cost. This form of packaging technique creates pouches, bags, and other adaptable product containers using a range of flexible materials such as foil, plastic, and paper. Flexible packaging is especially beneficial for applications requiring versatile packaging, such as food and beverage, personal care, and pharmaceutical. Flexible packaging is less energy-intensive than traditional packaging. Furthermore, many flexible packaging materials have been engineered to be recyclable and biodegradable.


The flexible packaging shields items from liquid moisture, ultraviolet radiation, mildew, contaminants, and other types of environmental pollutants that can degrade the product's condition and shorten the duration of its shelf life. Flexible packaging is available in a wide range of materials, shapes, and sizes and is commonly manufactured in either formed or unformed formats. Flexible packaging products are simple to use and blend to create novel and adaptable types of packaging like sample pouches, printed pouches, printed roll stock, and sachets. Because of its capacity for adaptability, flexible packaging is an ideal choice for a wide range of merchandise and industries, especially food and beverages, beauty products, personal care goods, as well as household cleaning supplies.


The major key players in the Global Flexible Packaging Market include Sealed Air Corporation, Berry Global Group Inc., Constantia Flexibles, Mondi plc, Amcor Ltd., Wipak Group, Huhtamaki Oyj, and Ukrplastic. The flexible packaging industry is extremely centered due to the existence of a few manufacturers with major shares of the market. Furthermore, to remain competitive, the marketplace tends to be slightly concentrated, with the leading firms employing techniques such as new product development, consolidations, and acquiring companies.


Global Flexible Packaging Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 255.8 billion
Forecast Period:2022 - 2032
Forecast Period CAGR 2022 - 2032 :4.5%
2032 Value Projection:USD 397.39 billion
Historical Data for:2018 - 2021
No. of Pages:215
Tables, Charts & Figures:137
Segments covered:By Type, By Material, By End-Use Application, By Region
Companies covered::Sealed Air Corporation, Berry Global Group Inc., Constantia Flexibles, Mondi plc, Amcor Ltd., Wipak Group, Huhtamaki Oyj, Ukrplastic, Sonoco Products Company, Transcontinental Inc., Bemis Company, Inc, Huhtamaki, Coveris Holding SA, Bischof + KleinInternational, Sudpack Verpackungen, DS Smith, Westrock Company

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Driving Factors

The growing demand for snacks and convenience foods in small or single-serving amounts propels the flexible packaging market forward. The majority of the packaging industry is shifting toward flexible packaging due to its numerous economic and sustainability advantages. Flexible packaging combines the advantages of plastic, paper, and aluminum foil without compromising printability, reliability, barrier protection, freshness, or ease of application. Furthermore, because of its numerous energy and environmental benefits, flexible packaging is becoming increasingly popular. Given its reduced demand for storage, lower transportation costs, and increased customer choice, flexible packaging offers a wide range of opportunities.


The use of flexible packaging is more environmentally friendly since it requires fewer raw materials, electrical energy, and water throughout the production and takes up a smaller footprint in waste disposal facilities after discarding. Additionally, given that additional industry verticals choose environmentally friendly packaging alternatives in response to regulating challenges, demand for the flexible packaging market is likely to rise throughout the projected time frame. Product manufacturers are researching green packaging alternatives that need minimal resources and less electricity to make a package, minimize transportation charges, and provide a longer shelf-life to the product as a means to alleviate rising prices and retain the quality of product packages to choose from.


Flexible packaging is often used to package food goods such as refreshments, dairy products, beverages such as smoothies, and many more. The global packaged food market has been driven by changes in consumer purchasing habits and improvements in food manufacturing processes, which are likely to boost consumer demand for flexible packaging. Moreover, as consumers become more concerned about the environment, firms are investing greater resources into reducing their environmental footprint. Stand-up pouches serve as a marketing tool in supermarkets since they offer a larger surface area on which visuals can be printed to draw customers. As a result, the application of flexible packaging types is growing, contributing to market growth.


Restraining Factors        

However, the purchasing costs of raw materials such as plastic, paper, and metals, which are utilized in the manufacture of a number of flexible packaging products, are currently on the rise. Furthermore, since there is a scarcity of supply, the price of polypropylene, especially found in resins, bottles, and packaging films, has risen. This circumstance has had an influence on the competitiveness of enterprises in the flexible packaging market. Furthermore, when compared to conventional packaging, recycling multi-layered flexible packaging goods entails more procedures. Furthermore, the reuse and recycling of flexible packaging materials is a laborious and highly resource-intensive operation that necessitates an effective recycling network.


Market Segmentation


By Type Insights

The pouches segment is dominating the market with the largest revenue share over the forecast period.

On the basis of type, the global flexible packaging market is segmented into the pouches, rollstock, bags, films & wraps, and others. Among these, the pouches segment is dominating the market with the largest revenue share of 48.6% over the forecast period. Pouches are tiny containers made out of two flexible side sheets of material that are sealed along the outside edges to produce an inside space whose volume is determined by the relative location of the walls. Pouches are classified into two types: stand-up pouches (SUPs) and flat or pillow pouches. Standard stand-up pouches and retort stand-up pouches are the two different varieties of stand-up pouches. Pouches are great for huge amounts of coffee packaging as well as other items like dried or preserved meats. They are also simple to utilize, heat-sealable, and come in convenient packaging in a variety of sizes and forms.


By End-Use Application Insights

The food & beverages segment accounted for the largest revenue share of more than 57.2% over the forecast period.

On the basis of end-use application, the global flexible packaging market is segmented into food & beverages, pharmaceutical, healthcare, personal care & cosmetics, and others. Among these, the food & beverages segment is dominating the market with the largest revenue share of 57.2% over the forecast period. The rising awareness about cleanliness and reliability, accelerating urbanization, changing habits, and high spending power are the primary drivers of the flexible packaging market. Furthermore, consumers are interested in their food products being clean, secure, and visually appealing. Food service packaging companies have a very robust ecosystem. They are continually innovating to make certain that consumers benefit, while they operate with a specialized R&D department that conducts various research-based tests using cutting-edge technologies.


By Material Insights

The plastic segment is witnessing significant CAGR growth over the forecast period.

On the basis of Material, the global flexible packaging market is segmented into plastic, paper, metal, bioplastic, and others. Among these, the plastic segment is witnessing significant CAGR growth over the forecast period. The growing demand for novel products like flexitanks and retort pouches, which are used for large volumes of delivery and long-term storage of beverages and semi-solid food products is likely to drive the market for plastic packaging in food and beverage industries. Plastic has good shock resistance, and structural and thermal durability, and is capable of functioning as an insulator, making it an appropriate packaging alternative for perishable products such as fruits, meat, milk, and other dairy products. Furthermore, throughout the projection period, the bioplastic material segment is expected to develop moderately. It has qualities similar to plastic and is fully biodegradable. Additionally, increased plastic packaging restrictions and public understanding of environmental issues are likely to drive market expansion during the research period.


Regional Insights

Asia Pacific dominates the market with the largest market share over the forecast period.


Flexible Packaging Market

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Asia Pacific is dominating the market with more than 38.7% market share over the forecast period. With increased development initiatives alongside swift economic growth, nations such as India, China, and Japan are likely to exhibit significant progress in the flexible packaging market. Furthermore, these nations' growing populations provide an extensive consumer base for fast-moving consumer goods and food and beverages, which is likely to drive demand in the flexible packaging market over the forecast period. In addition, Asia Pacific countries such as China and India are likely to provide prospective growth possibilities for businesses due to rising e-commerce along with organized retail industries, as well as ease of access to material resources.


North America, on the contrary, is expected to grow the fastest during the forecast period. This is likely to be linked to the increased preference for packaged beverages and small-sized packs, as well as the high need for flexible packaging. In addition, the growing preference of end-use goods manufacturers for using flexible packaging owing to its marketing benefits is likely to boost regional demand for the flexible packaging market. Furthermore, because of the number of major multinational corporations in the application industry, the United States is a highly significant consumer market for flexible packaging. In the United States, expanding fast-food restaurant franchises contribute positively to the country's market growth. Additionally, the United States is host to some of the world's greatest e-commerce enterprises, making it a lucrative market for manufacturers of flexible plastic packaging.


List of Key Market Players

  • Sealed Air Corporation
  • Berry Global Group Inc.
  • Constantia Flexibles
  • Mondi plc
  • Amcor Ltd.
  • Wipak Group
  • Huhtamaki Oyj
  • Ukrplastic
  • Sonoco Products Company
  • Transcontinental Inc.
  • Bemis Company, Inc
  • Huhtamaki
  • Coveris Holding SA
  • Bischof + KleinInternational
  • Sudpack Verpackungen
  • DS Smith
  • Westrock Company


Key Market Developments

  • On June 2023, CCL Industries Inc. has announced the acquisition of Pouch Partners s.r.l., Italy, from Pouch Partners AG, Switzerland, a company controlled by the Capri-Sun Group, which is headquartered in Switzerland. Pouch Partners provides highly specialized, gravure printed & laminated, flexible film materials for pouch manufacturing, as well as recyclable solutions. The new company will be known as CCL Specialty Pouches and will be a part of CCL Label's Food & Beverage unit in Europe.


  • On June 2023, Constantia Flexibles, the world's third largest supplier of flexible packaging, has completed its acquisition of Drukpol Flexo, a renowned packaging company situated in Poland. Constantia Flexibles' acquisition of the company expands both companies' global reach and creates a more sustainable product line by investing in the growth of the European flexo printing platform.


Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Flexible Packaging Market based on the below-mentioned segments:


Flexible Packaging Market, Type Analysis

  • Pouches
  • Rollstock
  • Bags
  • Films & Wraps
  • Others


Flexible Packaging Market, Material Analysis

  • Plastic
  • Paper
  • Metal
  • Bioplastic
  • Others


Flexible Packaging Market, End-Use Application Analysis

  • Food & Beverages
  • Pharmaceutical
  • Healthcare
  • Personal Care
  • Cosmetics
  • Others


Flexible Packaging Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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