Flexible packaging market size to grow by USD 54.42 billion from 2022 to 2027; Growth driven by rising focus on improving shelf life of products - Technavio

NEW YORK, May 8, 2023 /PRNewswire/ -- The global flexible packaging market size is estimated to increase by USD 54.42 billion between 2022 and 2027. The market's growth momentum will be progressing at a CAGR of 4.82% during the forecast period. The market is driven by the rising focus on improving the shelf life of products. Increasing the shelf life of products allows manufacturers to keep them for sale for a longer time, thereby reducing wastage. It also aids in the transportation of perishable products without causing damage. For instance, bananas stored in flexible packaging ripe slowly and can have a prolonged shelf life. Such benefits have increased the adoption of flexible packaging solutions among end-users. In addition, the market is witnessing the introduction of resealable flexible packaging which allows the consumer to reseal or reclose the packaging after use. All these factors are driving the growth of the market in focus. Discover some major insights on market size historic period (2017 to 2021) and forecast (2023-2027) before buying the full report - Request a sample report

Global Flexible Packaging Market – Vendor Analysis

The global flexible packaging market is fragmented due to the presence of many regional and global players. Vendors operating in the market are competing in terms of product customization, product differentiation, and price differentiation. Small or regional players are consolidating their business operations with established players to bring profitability by adopting the state-of-the-art technology and business strategies of the established players. Established vendors are focusing on diversifying their product portfolios to improve their market presence. In addition, the high growth potential of the market is attracting new players, which is expected to intensify the competition during the forecast period. Some of the key vendors covered in the report include:

• CCL Industries Inc. - The company offers flexible packaging such as grade pouches, wraps, and lids.
• Constantia Flexibles Group GmbH - The company offers flexible packaging such as Bevlid, Ecopaperlidding, and Ecolamplus.
• DS Smith Plc - The company offers flexible packaging such as Rapak bag in box bags.
• DuPont de Nemours Inc. - The company offers flexible packaging under the brand Cyrel.
• Clondalkin Group Holdings BV
• Coveris Management GmbH
• Glenroy Inc.
• Huhtamaki Oyj
• Mondi plc
• Parkside Flexibles Ltd.
• Printpack Inc.
• Reynolds Packaging
• Sealed Air Corp.
• Sonoco Products Co.
• UFlex Ltd.

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Global Flexible Packaging Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on product (pouches, bags, films and wraps, and others), type (food and beverage, healthcare, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

• The market growth in the pouches segment will be significant over the forecast period. The segment is driven by the increased use of pouch packaging for dry foods, candies, confectioneries, agriculture products, and liquids. In addition, product innovation and new product launches by vendors are other major factors driving the growth of the segment.

Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global flexible packaging market.

• APAC will account for 47% of the market growth during the forecast period. The growth of the regional market is driven by the rapid expansion of end-user industries, such as e-commerce, fast-moving consumer goods (FMCG), and personal care. Also, factors such as the presence of a large customer base for household appliances and consumer electronics and changing lifestyle patterns of consumers in China and India are fueling the growth of the flexible packaging market in APAC.

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Global Flexible Packaging Market – Market Dynamics

Key Trends – 

Continuous development of new products is identified as the key trend in the market. Vendors in the market are focused on continuous product development to come up with innovative offerings to stay competitive. For instance, in January 2020, Coveris launched the sustainable and high-performance version of its cast polypropylene film, Coveris Print Layer (PP CPL). The product is designed for the flexible packaging of a wide range of food, pet food, and non-food products. The launch of such innovative products will drive the growth of the market during the forecast period.

Major challenges – 

The high cost involved in manufacturing flexible packaging is expected to hinder market growth during the forecast period. The prices of raw materials used in the manufacture of flexible packaging such as PE, PP, and others have been on the rise. This is leading to a reduction in the profit margins of vendors as it results in increased manufacturing costs. The prices of printing inks and coatings used in flexible packaging have also increased due to the rise in the price of oil, solvents, and key monomers for polyurethane (PU) resins. The increase in the prices of raw materials has compelled vendors to experiment with cheaper substitutes to gain a competitive advantage in the market. All these factors will negatively affect the market growth.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find more insights in a sample report!

What are the key data covered in this flexible packaging market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the flexible packaging market between 2023 and 2027
• Precise estimation of the size of the flexible packaging market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the flexible packaging market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of flexible packaging market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global flexible packaging market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global flexible packaging market 2017 - 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Pouches - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Pouches - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Pouches - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Pouches - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Pouches - Year-over-year growth 2022-2027 (%)

• 6.4 Bags - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Bags - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Bags - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Bags - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Bags - Year-over-year growth 2022-2027 (%)

• 6.5 Films and wraps - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Films and wraps - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Films and wraps - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Films and wraps - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Films and wraps - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Product 
• Exhibit 50: Market opportunity by Product ($ billion)
• Exhibit 51: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 52: Chart on Type - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 54: Chart on Comparison by Type
• Exhibit 55: Data Table on Comparison by Type

• 7.3 Food and beverage - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Food and beverage - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)

• 7.4 Healthcare - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Healthcare - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Healthcare - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 7.5 Others - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 68: Market opportunity by Type ($ billion)
• Exhibit 69: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 111: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ billion)
• Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Aluflexpack AG
• Exhibit 123: Aluflexpack AG - Overview
• Exhibit 124: Aluflexpack AG - Product / Service
• Exhibit 125: Aluflexpack AG - Key offerings

• 12.4 CCL Industries Inc.
• Exhibit 126: CCL Industries Inc. - Overview
• Exhibit 127: CCL Industries Inc. - Business segments
• Exhibit 128: CCL Industries Inc. - Key offerings
• Exhibit 129: CCL Industries Inc. - Segment focus

• 12.5 Constantia Flexibles Group GmbH 
• Exhibit 130: Constantia Flexibles Group GmbH - Overview
• Exhibit 131: Constantia Flexibles Group GmbH - Product / Service
• Exhibit 132: Constantia Flexibles Group GmbH - Key news
• Exhibit 133: Constantia Flexibles Group GmbH - Key offerings

• 12.6 DS Smith Plc
• Exhibit 134: DS Smith Plc - Overview
• Exhibit 135: DS Smith Plc - Business segments
• Exhibit 136: DS Smith Plc - Key news
• Exhibit 137: DS Smith Plc - Key offerings
• Exhibit 138: DS Smith Plc - Segment focus

• 12.7 DuPont de Nemours Inc. 
• Exhibit 139: DuPont de Nemours Inc. - Overview
• Exhibit 140: DuPont de Nemours Inc. - Business segments
• Exhibit 141: DuPont de Nemours Inc. - Key news
• Exhibit 142: DuPont de Nemours Inc. - Key offerings
• Exhibit 143: DuPont de Nemours Inc. - Segment focus

• 12.8 Glenroy Inc.
• Exhibit 144: Glenroy Inc. - Overview
• Exhibit 145: Glenroy Inc. - Product / Service
• Exhibit 146: Glenroy Inc. - Key offerings

• 12.9 Huhtamaki Oyj
• Exhibit 147: Huhtamaki Oyj - Overview
• Exhibit 148: Huhtamaki Oyj - Business segments
• Exhibit 149: Huhtamaki Oyj - Key news
• Exhibit 150: Huhtamaki Oyj - Key offerings
• Exhibit 151: Huhtamaki Oyj - Segment focus

• 12.10 Mondi plc
• Exhibit 152: Mondi plc - Overview
• Exhibit 153: Mondi plc - Business segments
• Exhibit 154: Mondi plc - Key news
• Exhibit 155: Mondi plc - Key offerings
• Exhibit 156: Mondi plc - Segment focus

• 12.11 Parkside Flexibles Ltd. 
• Exhibit 157: Parkside Flexibles Ltd. - Overview
• Exhibit 158: Parkside Flexibles Ltd. - Product / Service
• Exhibit 159: Parkside Flexibles Ltd. - Key offerings

• 12.12 Printpack Inc.
• Exhibit 160: Printpack Inc. - Overview
• Exhibit 161: Printpack Inc. - Product / Service
• Exhibit 162: Printpack Inc. - Key offerings

• 12.13 ProAmpac Holdings Inc 
• Exhibit 163: ProAmpac Holdings Inc - Overview
• Exhibit 164: ProAmpac Holdings Inc - Product / Service
• Exhibit 165: ProAmpac Holdings Inc - Key news
• Exhibit 166: ProAmpac Holdings Inc - Key offerings

• 12.14 Reynolds Packaging
• Exhibit 167: Reynolds Packaging - Overview
• Exhibit 168: Reynolds Packaging - Product / Service
• Exhibit 169: Reynolds Packaging - Key offerings

• 12.15 Sealed Air Corp.
• Exhibit 170: Sealed Air Corp. - Overview
• Exhibit 171: Sealed Air Corp. - Business segments
• Exhibit 172: Sealed Air Corp. - Key news
• Exhibit 173: Sealed Air Corp. - Key offerings
• Exhibit 174: Sealed Air Corp. - Segment focus

• 12.16 Sonoco Products Co.
• Exhibit 175: Sonoco Products Co. - Overview
• Exhibit 176: Sonoco Products Co. - Business segments
• Exhibit 177: Sonoco Products Co. - Key offerings
• Exhibit 178: Sonoco Products Co. - Segment focus

• 12.17 UFlex Ltd.
• Exhibit 179: UFlex Ltd. - Overview
• Exhibit 180: UFlex Ltd. - Business segments
• Exhibit 181: UFlex Ltd. - Key news
• Exhibit 182: UFlex Ltd. - Key offerings
• Exhibit 183: UFlex Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 184: Inclusions checklist
• Exhibit 185: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 186: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 187: Research methodology
• Exhibit 188: Validation techniques employed for market sizing
• Exhibit 189: Information sources

• 13.5 List of abbreviations 
• Exhibit 190: List of abbreviations

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