Flexible paper packaging refers to a versatile and eco-friendly packaging solution made from paper and often coated for added resilience. It is widely utilized for its lightweight, customizable, and sustainable nature, serving various industries such as food, beverages, and retail. This packaging option aligns with the growing demand for environmentally friendly alternatives, offering a balance between functionality and ecological responsibility.
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According to MarketsandMarkets, The global flexible plastic packaging market size to grow from USD 160.8 billion in 2020 to USD 200.5 billion by 2025, at a CAGR of 4.5% from 2020 to 2025.
Flexible Plastic Packaging Producers
Amcor Limited (Australia), Mondi Group (UK), Sonoco Products Company (US), Sealed Air Corporation (US), Huhtamaki OYJ (Finland), Sappi Global (South Africa), DS Smith (UK), Coveris Holding SA (UK), Sabert (US), Wihuri (Finland), amongst others, are the key players operating in the flexible paper packaging market. Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the flexible paper packaging market.
The market for flexible plastic packaging is segmented, based on type, into pouches, wraps, rollstock, bags, and others (include labels, sachets, and stick packs). Pouches segment is projected to dominate the market for flexible plastic packaging by 2025. The flexible plastic packaging market has witnessed a significant increase in the demand for pouches for the supply of medecines, vegitable, meat, and goods to the respective stores, retailers, pharmacies, and hospitals, during the COVID-19 pandemic. Furthermore, the increasing opportunities in e-commerce and offline retail sectors have resulted in accelerating demand for pouches in the flexible plastic packaging applications.
On the basis of application, the food segment is projected to be the largest segment in the flexible plastic packaging market during the forecast period. The increase in exports of vegitables and meat from Southeast Asia and Europe is expected to boost the demand for flexible plastic packaging, by 2025. The fruits and meat distributors prefer flexible plastic packaging to pack their products, due to their low cost and ability to offer longer shelf life to the product. In a way, flexible plastic packaging ensures a prolonged shelf life of the products that helps in efficient distribution and minimizing losses.
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The flexible plastic packaging market is studied for five regions, namely, North America, APAC, Europe, Middle East & Africa and South America. The Asia-Pacific (APAC) region is poised to lead the flexible paper packaging market, holding the largest market share in the forecast period. This dominance is attributed to the region’s expanding population, robust economic growth, and increasing consumer demand for sustainable packaging solutions. The rising awareness of environmental concerns is driving the preference for flexible paper packaging, aligning with the region’s commitment to eco-friendly practices. As industries in APAC embrace these trends, the flexible paper packaging market is expected to experience substantial growth, reflecting the region’s pivotal role in shaping the future of packaging solutions.
