Market Size of Flexible Paper Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.89 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Flexible Paper Packaging Market Analysis
The flexible paper packaging market is expected to register a CAGR of 3.89% over the forecast period. The increasing demand for sustainable and environment-friendly packaging solutions is a significant driver of the flexible packaging paper market, given the market has a high adoption, creating potential growth opportunities for manufacturers.
- Researchers and stakeholders in the global market are collaborating to overcome the challenges in the flexible packaging paper market and fulfill the demand from various end-use industries such as food, consumer goods, pharmaceuticals, personal care products, etc.
- Various food and beverage manufacturers have turned to flexible packaging to improve consumer convenience and experience. Furthermore, the pouches are less expensive and provide greater comfort, increasing demand for pouches throughout the region. Beyond convenience, other characteristics, such as sustainability, food safety, and reduction in food waste, influence the flexible packaging choice for various sectors in the food industry.
- The availability of substitutes in the market, such as plastic, can hinder the market's growth. Paper offers less of a barrier to oxygen, light, and microbes than other packaging materials, such as plastic. As a result, the items it stores food products have a shorter shelf life when stored in paper packaging.
- The coronavirus had a devastating impact on all businesses and manufacturing industries worldwide. Long-term lockdowns and disrupted supply chains have significantly affected the flexible packaging paper market. During the COVID-19 outbreak, decreased production of flexible packaging paper created difficult manufacturing situations. In the flexible packaging paper market, key players are looking for ways to overcome these challenges. Market participants are effortlessly contributing to establishing their businesses to keep the economy running amid the ongoing pandemic.
