Flexible
Packaging Market worth $315.5 billion by 2027

According to a research report
"Flexible
Packaging Market by Packaging Type
(Pouches, Bags, Roll Stock, Films & Wraps), Printing Technology
(Flexography, Rotogravure, Digital Printing), End-user Industry, Material
(Paper, Plastic, Metal) and Region - Global Forecast to 2027" published by MarketsandMarkets, the Growing
demand of consumer for packaged, processed food and beverages items such as
meat, snacks, namkeen, milk, yogurt, coffee, tea, ketchup, biscuits, and other
food items, rising urbanization, changing lifestyles, rising disposable income,
rising trends towards sustainable packaging, increasing awareness towards
hygiene across the globe are boosting the growth of flexible packaging market.

However, the high cost of raw
materials which are required for making flexible packaging products such as
pouches, bags, roll stock, films & wraps, and others, and poor recycling
infrastructure are the factors expected to clog the market of flexible packaging.
Opportunities in the flexible packaging market are the growing demand for
sustainable packaging and better substitute for traditional packaging materials
because of increasing awareness about hygiene. Moreover, rapid changes in
technology are the major challenge for the flexible packaging market.

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Browse in-depth TOC on "Flexible Packaging Market"

138 - Tables

47 - Figures

228 – Pages

By Packaging type, Pouches accounted for the largest
share in 2021

Flexible pouches are frequently constructed of plastic,
metal foil, and occasionally paper. They are widely used for packaging
everything from industrial liquids to snack foods, and they may be found on
store shelves all around the world. These pouches nowadays are very popular in
the flexible packaging market because of their excellent properties such as
reusability, eco-friendly, lower carbon footprint, taking less space, and being
cheaper than other alternatives like glass, metal, and cardboard containers.

By Material, Plastic accounted for the largest share in
2021.

Flexible plastic packaging offers a wide variety of
protective qualities while assuring a lower amount of possible material. They
are used to market, protect, and distribute a wide range of items for both
industrial and consumer uses. The flexible plastic packaging market is
expanding at a higher rate than its counterpart, rigid plastic packaging,
serving a variety of functions from raising shelf life and maintaining food
safety to offering barrier protection from heat and pathogens, oxygen,
moisture, and other external agents.

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By Printing Technology, Flexography accounted for the
largest share in 2021.

For big production runs, flexographic printing is a
mechanical method that uses press rollers and presses of a huge scale to produce
uniform patterns and print designs. Over the past few years, flexography
printing machines are very popular and growing nowadays because of the demand
for flexible packaging among consumers. The food and beverage sectors are
another factor driving demand for low-cost packaging solutions.

By End Use Industry, the Flexible Packaging Market and
Food Industry segment accounted for the largest share in 2021

Flexible packaging is recognized by national brand owners
and private labels as the packaging of choice for many different types of foods
on a domestic and international level as it continues to gain popularity in the
food sector. Flexible pouches are becoming increasingly popular for foods and
beverages with high liquid contents, from soups to cocktails. This solution
allows for creative constructions and graphic treatments and is lightweight and
practical. Apart from this, flexible packaging products are useful for packing
meat, poultry, seafood, baked goods, snack food, produce, candy, confections,
pet food, and other food items.

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Asia Pacific accounted for the largest share of the
Flexible Packaging Market in 2021

Because of growing developmental activities and, rapid
economic expansion, and increasing population in the Asia Pacific region
presents a huge customer base for FMCG products and food & beverages,
which, in turn, is expected to lead the growth of the flexible packaging
market. Owing to the increasing income of people in this region, the demand for
high-end packaging products for food, beverage, and healthcare has been
proliferating. Apart from the food & beverage industry, the APAC region
also exhibits significant opportunities in the packaging & labeling
industry, which is expected to drive the flexible packaging market.

The Flexible Packaging Market comprises major players
such as Huhtamaki Oyj (Finland), Berry Global Group Inc. (US), Amcor Limited.
(Australia), Mondi Group. (UK), Sonoco Products Company (US), Westrock Company
(US), Constantia Flexibles (Austria), Sealed Air Corporation (US),
Transcontinental Inc (Canada), DS Smith (UK), and others are covered in the
flexible packaging market. Expansions, acquisitions, joint ventures, and new
product developments are some of the major strategies adopted by these key players
to enhance their positions in the Flexible Packaging Market.

For More Insights on Flexible Packaging Market- https://www.prnewswire.com/news-releases/flexible-packaging-market-worth-315-5-billion-by-2027---exclusive-report-by-marketsandmarkets-301684929.html

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