[Latest] Global Flexible Plastic Packaging Market Size/Share Worth USD 293.7 Billion by 2033 at a 5.1% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Flexible Plastic Packaging Market size & share revenue was valued at approximately USD 187.2 Billion in 2023 and is expected to reach USD 189.8 Billion in 2024 and is expected to reach around USD 293.7 Billion by 2033, at a CAGR of 5.1% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are Sigma Plastics Group, Amcor plc, FlexPak Services, Transcontinental Inc., Coveris, DS Smith, American Packaging Corporation, InterFlex Group, FLEX-PACK ENGINEERING INC., Innovia Films, Cosmo Films, Novolex, Mondi Group, Huhtamaki Flexible Packaging, Sonoco Products Company, Constantia Flexibles, Bemis Manufacturing Company, UKrMetal, ProAmpac, Berry Global Inc, and others.
Austin, TX, USA, May 22, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Flexible Plastic Packaging Market Size, Trends and Insights By Product Type (Pouches, Bags & Sacks, Tubes, Sleeve Labels, Films & Wraps), By Packaging Type (Vacuum Skin Packaging, Modified Atmospheric Packaging), By End User (Food & Beverages, Personal Care, Homecare, Pharmaceuticals, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Flexible Plastic Packaging Market size & share was valued at approximately USD 187.2 Billion in 2023 and is expected to reach USD 189.8 Billion in 2024 and is expected to reach a value of around USD 293.7 Billion by 2033, at a compound annual growth rate (CAGR) of about 5.1% during the forecast period 2024 to 2033.”
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Flexible Plastic Packaging Market: Overview
Flexible plastic packaging offers benefits such as thinness, affordability, longevity, and capacity to extend product shelf life via sealing characteristics that protect against oxygen, moisture, as well as other environmental factors.
Sustainability and recyclability are becoming more and more important in flexible plastic packaging, according to worldwide trends. Environmentally friendly alternatives are being sought by both manufacturers and consumers due to rising concerns about the environment and regulatory efforts to eliminate plastic waste.
Developments in materials and package designs have been spurred by this trend, to make flexible plastic packaging more compostable and recyclable. Packaging solutions comprised of recycled materials or bio-based polymers generated from renewable sources are also in greater demand.
In addition, businesses are investigating methods like downgauging, lightweight, and package design optimization to cut down on material use and lessen environmental effects along the course of packing. All things considered, the move in the direction of flexible plastic packaging that is more recyclable and sustainable represents a worldwide commitment to combating plastic pollution and developing a circular economy for packaging materials.
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By product type, the pouches segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Pouch trends include a move toward eco-friendly materials, practical and inventive designs, growing usage in single-serve wrapping, and expansion in the personal care, medicinal products and food and beverage industries.
By packaging type, the vacuum skin packaging segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The growing use of environmentally friendly materials and procedures in vacuum skin packaging is a trend that is being pushed by customer demand for eco-friendly packaging options.
By end user, the food & beverages segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The deployment of flexible plastic packaging is fueled by rising customer requests for food and beverage simplicity, ecologically, and product distinctiveness; this is pushing trends toward packaging solutions that are reusable, portable, and resealable.
Key drivers propelling the expansion of flexible plastic packaging in the Asia-Pacific region include increased rates of urbanization, an aging middle class, and a growing need for compact packaging options.
Constantia Flexibles, a Vienna-based company, creates flexible packaging for the food and beverage and pharmaceutical sectors. Constantia Flexibles is a multinational corporation that operates in fifteen nations, primarily in Europe, ranging from Mexico to Vietnam.
Report Scope
Feature of the Report | Details |
Market Size in 2024 | USD 189.8 Billion |
Projected Market Size in 2033 | USD 293.7 Billion |
Market Size in 2023 | USD 187.2 Billion |
CAGR Growth Rate | 5.1% CAGR |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Key Segment | By Product Type, Packaging Type, End User and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
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CMI has comprehensively analyzed the Global Flexible Plastic Packaging market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Flexible Plastic Packaging industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
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Key questions answered in this report:
- What is the size of the Flexible Plastic Packaging market and what is its expected growth rate?
- What are the primary driving factors that push the Flexible Plastic Packaging market forward?
- What are the Flexible Plastic Packaging Industry’s top companies?
- What are the different categories that the Flexible Plastic Packaging Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Flexible Plastic Packaging market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Flexible Plastic Packaging Market: Regional Analysis
By region, Flexible Plastic Packaging market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia-Pacific dominated the global Flexible Plastic Packaging market in 2023 with a market share of 38.6% and is expected to keep its dominance during the forecast period 2024-2033.
Demand for packaged merchandise, such as food, drinks, and personal hygiene items, has surged due to Asia-Pacific’s fast development. Furthermore, driving the need for elastic plastic packaging options is the expanding middle-class population in nations like India, China, and Southeast Asia, which increases the intake of packaged goods.
Additionally, the area has a sizable industrial base and cheaper production costs, which make it a top choice for multinational producers trying to streamline their supply chains. The Asia-Pacific flexible plastic packaging marketplace is also expanding as a result of technical developments and improvements in packaging materials and procedures, as manufacturers adapt to changing customer demands for product distinctiveness, long-term sustainability, and simplicity.
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Browse the full “Flexible Plastic Packaging Market Size, Trends and Insights By Product Type (Pouches, Bags & Sacks, Tubes, Sleeve Labels, Films & Wraps), By Packaging Type (Vacuum Skin Packaging, Modified Atmospheric Packaging), By End User (Food & Beverages, Personal Care, Homecare, Pharmaceuticals, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/flexible-plastic-packaging-market/
List of the prominent players in the Flexible Plastic Packaging Market:
- Sigma Plastics Group
- Amcor plc
- FlexPak Services
- Transcontinental Inc.
- Coveris
- DS Smith
- American Packaging Corporation
- InterFlex Group
- FLEX-PACK ENGINEERING INC.
- Innovia Films
- Cosmo Films
- Novolex
- Mondi Group
- Huhtamaki Flexible Packaging
- Sonoco Products Company
- Constantia Flexibles
- Bemis Manufacturing Company
- UKrMetal
- ProAmpac
- Berry Global Inc
- Others
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The Flexible Plastic Packaging Market is segmented as follows:
By Product Type
- Pouches
- Bags & Sacks
- Tubes
- Sleeve Labels
- Films & Wraps
By Packaging Type
- Vacuum Skin Packaging
- Modified Atmospheric Packaging
By End User
- Food & Beverages
- Personal Care
- Homecare
- Pharmaceuticals
- Others
Click Here to Get a Free Sample Report of the Global Flexible Plastic Packaging Market @ https://www.custommarketinsights.com/report/flexible-plastic-packaging-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Flexible Plastic Packaging Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Flexible Plastic Packaging Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Flexible Plastic Packaging Market? What Was the Capacity, Production Value, Cost and PROFIT of the Flexible Plastic Packaging Market?
- What Is the Current Market Status of the Flexible Plastic Packaging Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Flexible Plastic Packaging Market by Considering Applications and Types?
- What Are Projections of the Global Flexible Plastic Packaging Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Flexible Plastic Packaging Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Flexible Plastic Packaging Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Flexible Plastic Packaging Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Flexible Plastic Packaging Industry?
Click Here to Access a Free Sample Report of the Global Flexible Plastic Packaging Market @ https://www.custommarketinsights.com/report/flexible-plastic-packaging-market/
Reasons to Purchase Flexible Plastic Packaging Market Report
- Flexible Plastic Packaging Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Flexible Plastic Packaging Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Flexible Plastic Packaging Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Flexible Plastic Packaging Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Flexible Plastic Packaging market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Flexible Plastic Packaging market analysis.
- The competitive environment of current and potential participants in the Flexible Plastic Packaging market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Flexible Plastic Packaging market should find this report useful. The research will be useful to all market participants in the Flexible Plastic Packaging industry.
- Managers in the Flexible Plastic Packaging sector are interested in publishing up-to-date and projected data about the worldwide Flexible Plastic Packaging market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Flexible Plastic Packaging products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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