Market Size of Flexible Packaging Industry
| Study Period | 2019-2029 |
| Market Volume (2024) | 34.67 Million tonnes |
| Market Volume (2029) | 40.94 Million tonnes |
| CAGR (2024 - 2029) | 3.38 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Flexible Packaging Market Analysis
The Flexible Packaging Market size in terms of production volume is expected to grow from 34.67 Million tonnes in 2024 to 40.94 Million tonnes by 2029, at a CAGR of 3.38% during the forecast period (2024-2029).
The flexible packaging market is driven by a combination of factors, including increasing demand for convenient and lightweight packaging solutions, rising consumer awareness toward sustainability, and advancements in packaging technology for improved shelf life and product protection.
- Additionally, the versatility of flexible packaging in accommodating various shapes and sizes, its cost-effectiveness, and ease of transportation further contribute to its growth. As industries prioritize eco-friendly solutions and consumers seek convenience and functionality, the flexible packaging market is poised to expand.
- Higher retail sales often lead to market expansion, with new products entering the market and existing ones reaching broader audiences. Flexible packaging is adaptable to different product categories, making it suitable for various industries, including food and beverage, pharmaceuticals, personal care, and more. Thus, expanding retail sales could drive growth in multiple segments of the flexible packaging market.
- Polyethylene is primarily used for packaging plastic bags, plastic films, geomembranes, etc. It is a lightweight, partially crystalline, low moisture absorbent, thermoplastic resin that has high resistance to chemicals and sound-insulating properties. Low-density polyethylene (LDPE) is mainly used to manufacture plastic bags. LDPE polyethylene bags are soft and flexible, even at low temperatures, and are available in natural colors.
- Recycling and environmental considerations are essential when it comes to packaging. Plastic contamination in oceans and landfills are impacted by packaging trash. Plastic packaging affects the environment's plastic pollution. Plastic can affect marine life and ecosystems since it takes hundreds of years to disintegrate.
- It is expected that this trend will continue. Investments in the kraft paper mills will rise post-COVID-19. The increased use of paper packaging is largely due to the growing e-commerce sector and consumer interest in eco-friendly solutions.
