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Flexible Packaging Market By Material Type (Plastic, Paper, Aluminum Foil, Flexible Foam, Others), By Product Type (Pouches, Bags, Wraps, Others), By End-use Industry (Food & Beverages, Personal Care, Healthcare, Home Care, Others) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Industry Outlook

The global market for flexible packaging stood at US$ 222.30 Bn in 2017 and expected to reach US$ 317.57 Bn in 2026, expanding at a CAGR of 4.1% during the forecast period from 2018 to 2026. Asia Pacific was the largest region for flexible packaging in 2017, and also expected to be the fastest growing region during the forecast period.

Flexible packaging is a packaging container that is made from flexible or easy yielding materials, the shape of which can be changed, once filled or closed. A wide variety of materials are used to manufacture flexible packaging such as plastic, paper, and aluminum foil among others. Demand for flexible packaging is witnessing a steady growth, mainly attributed to the growing food & beverage, personal care, and pharmaceutical industries among others. Asia Pacific is expected to display strong growth for flexible packaging in the coming years with China, Japan and India leading the market. Technological innovations, attractive economics, and sustainability concerns are some of the reasons that have resulted in the phenomenal growth of the flexible packaging market. Robust growth of the packaged food industry has a great influence on the growth of the flexible packaging market. The developing nations such as China, India and Japan among others are contributing more to the growth of the packaged food industry as compared to the developed nations, due to which the manufacturers are focusing greatly on expanding in these markets for growth opportunities. Consumer demand for convenience, backed by rising discretionary income levels of the working populace    has paved the way for the growth of the packaged food industry in regions such as Asia Pacific. However, fluctuation in raw material prices is one of the key factors resulting in market slow down at present. Prices of polyethylene is majorly dependent on crude oil. OPEC countries have an influence on regulating oil prices. OPEC controls more than 40% of the global oil supply and is responsible for influencing the price of oil and gas by regulating the production levels. Further, gap in the demand and supply of oil also results in volatile oil prices. Moreover, fluctuations in crude oil prices results in the increase or decrease in the profitability margin of resin manufacturers. The “futures contract” that is set between the buyer and sellers allows the buyer to buy materials at a set price in the future as well, which sets an uncertainty in the profitability margin of the resin manufacturers due to fluctuations in oil prices. This is a key factor barring market growth at present.

Market Synopsis: Value

Flexible Packaging Market

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"Plastics, Based by Material is Expected to Lose Share During the Forecast Period Owing to Rising Demand for Alternatives"

Based by material, plastics dominated the flexible packaging market in 2017 and expected to display similar trends in the coming years as well. Various types of plastics are predominantly used as flexible packaging. However, growing incidences of plastic pollution has posed serious threats on the environment. Disposal of plastics have increased from 1.5 million tons in 1950 to 320 million tons in 2016, and the number is expected to double by 2034. Further, out of the total plastics that are produced, approximately 40% of them are used for packaging. These factors have raised concerns among regulatory authorities and manufacturers and they are seeking alternatives to plastic for flexible packaging, such as paper. Moreover, demand for bioplastics is also on the rise due to its biodegradable nature. Polylactic acid (PLA) and polyhydroxyalkanoates (PHA) are the two major polymers that are used to manufacture bioplastics as they are fully bio based, bio degradable and have numerous physical and mechanical properties based on composition.

Paper packaging is expected to display significant growth in the coming years. Manufacturers operating in the flexible packaging industry are adopting paper as a material for packaging due to several regulatory bans on the usage plastics.

Flexible Packaging Market

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"Asia Pacific Will Continue Leading the Flexible Packaging Market in the Coming Years"

Asia Pacific dominated the global flexible packaging market in 2017 and expected to retain its position throughout the forecast period as well. High population in China and India is a major reason for the growth of the flexible packaging market in Asia Pacific. Packaging for consumer goods in China is shaped by the changing condition of the market and evolving consumer demand and behavior. Innovative technologies, and subcultural elements are being implemented on labels, thus making the products more attractive to the young generation. Growing concerns over health and wellness have contributed greatly to the growth of the packaged food industry in China. Fast paced lifestyle, and increasing workload leading to stress are some of the factors contributing to the rapid adoption of healthy packaged food. These factors are majorly responsible for the growth of the flexible packaging market in China. The growth of the flexible packaging market in India is attributed to the rapidly growing food & beverage and pharmaceutical industries. India is considered to be one the largest providers across the globe. According to the India Brand Equity Foundation (IBEF), India supplies more than 50% of the global demand for several types of vaccines, 25% of all medicines in U.K., and 40% of the generic drug demand in the U.S. The pharmaceutical industry in India stood at US$ 33 Bn in 2017, and expected to touch the US$ 55 Bn mark by 2020. These factors signify the strong growth of the pharmaceutical industry in India, which in turn is a key driver for the growth of the flexible packaging market in the country.

North America and Europe are prime regions for the growth of the flexible packaging market as well. North America is one of the largest regions for the food & beverage industry. The food & beverage industry in North America accounted for a revenue of US$ 17.44 Bn in 2018 and expected to reach US$ 27.97 Bn by 2022. Demand for paper packaging is expected to display a strong growth in the region during the forecast period owing to stringent regulations imposed against environmental pollution. In Europe, packaging design is an important aspect for the products performance at the point of sale, as the food & beverage industry in the region is highly saturated. Producers, retailers and filler are involved in developing cost-efficient packaging solutions which include films with optimal functionalities. 

Flexible Packaging Market

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"Product Development is one of the Key Strategies of the Companies Operating in the Flexible Packaging Market"

Notable players operating in the global flexible packaging market include Amcor Ltd., Bemis Company Inc., Berry Plastics Corporation, Mondi Group, Sealed Air Corporation, Huhtamaki Oyj, Sonoco Products Company, Ampac Holding, Wipak Group, and Flextrus AB among others.

In June 2017, Sealed Air Corporation launched its newest innovation, the Cryovac® FlexPrep, a flexible pouch system that is used to dispense sauces and condiments. FlexPrep allows the users to store the product for a longer period of time and dispense the product in the dispensing pouch. This product doubles the shelf life of certain condiments, thus enabling increased inventory control and reduced wastage. Further, this new innovation offers 60% reduced carbon footprint. FlexPrep allows the retailers to boost their bottom lines. Such developments have a positive influence on the growth of the flexible packaging market.

Flexible Packaging Market

Historical & Forecast Period

Our study analyzed each market segment during the period from 2016 to 2026 with 2017 as the base year. Forecast period between 2018 and 2026 considered for the CAGR calculation.

Report Scope

The report enlightens the thorough outline of global flexible packaging market by categorizing the market in different segment given below:

Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Billion

 Material Type Segment (2016–2026; Kilo Tons, US$ Bn)
 • Plastic
   o Polypropylene (PP)
   o Polyethylene (PE)
   o Polyvinyl Chloride (PVC)
   o Biaxially Oriented Polyethylene Terephthalate (BoPET)
   o Ethylene Vinyl Alcohol (EVOH)
   o Others
 • Paper
 • Aluminum Foil
 • Bioplastic
 • Flexible Foam
 • Others

 Product Type Segment (2016–2026; Kilo Tons, US$ Bn)
 • Pouches
   o Stand-up Pouches
   o Flat Pouches
 • Bags
   o Gusseted Bags
   o Wicketed Bags
 • Wraps
 • Others

 End-use Industry Segment (2016–2026; Kilo Tons, US$ Bn)
 • Food & Beverages
 • Personal Care
 • Healthcare
 • Home Care
 • Others

 Geography Segment (2016–2026; Kilo Tons, US$ Bn)
 • North America (United States and Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (China, Japan, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

This research report describes leading continents and their major countries, along with profiles of key players operating in overall market and their planned developments. Our report further defines the overall market dynamics such as drivers, challenges, and opportunities prevalent in the market to understand global flexible packaging market more explicitly. Our in-depth quantitative and quantitative analysis of each segment up to country level highlights revenue pockets and investment opportunities in the market.

Key questions answered in this report

  • Who are the major manufacturers and distributors operating in flexible packaging market?
  • What are the largest segments in the market during the forecast period from 2018 to 2026?
  • Which are the fastest growing segments in the market for the forecast period?
  • What are the current market trends in the flexible packaging market and valuable opportunities for the players?
  • How are the regulatory frameworks affecting the global as well as regional markets?
  • Which are the key players operating in the global market and the strategies adopted by them?
  • What is the market size and trend in emerging and developed markets?
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Published Date:  Nov 2018
Category:  Packaging
Report ID:   59432
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
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