02.07.23
The global flexible packaging market is approximated to be $248.9 billion in 2022, and it is projected to reach $315.5 billion by 2027 at a CAGR of 4.8%, as per the recent study by MarketsandMarkets. A package or container that may easily change shape when full or closed is referred to as flexible packaging. Paper, plastic, film, foil, or any combination of these materials may be used in the construction of products.
In terms of value and volume, the pouches segment is estimated to lead the flexible plastic packaging market in 2019. The food segment is estimated to be the largest segment in the flexible plastic packaging market in 2019. The APAC region is projected to account for the largest share in the flexible plastic packaging market during the forecast period.
The flexible packaging market has been segmented based on packaging type, i.e., pouches, bags, roll stocks, films & wraps, and others. Pouches are kind of small-sized bags consisting of two-sided flat sheets, which are flexible and sealed along the edges to form the compartment in which products can be stored. Pouches are widely used in the food and beverage industry.
The flexible packaging market is segmented based on materials that are used for making flexible packaging products. These materials are plastic, paper, and metal. Plastic flexible packaging products offer a wide variety of protective benefits while ensuring a minimum amount of material possible. The coating is usually made of aluminum. It offers a glossy metallic appearance of aluminum foil at reduced weight and cost. The flexible packaging market is also segmented based on various printing technologies such as flexography, rotogravure, digital printing, and others.
The flexible packaging market is segmented based on end-use applications. Flexible packaging can be used in various end-use industries such as pharmaceutical and healthcare, food & beverages, personal care and cosmetics, and others.
In terms of value and volume, the pouches segment is estimated to lead the flexible plastic packaging market in 2019. The food segment is estimated to be the largest segment in the flexible plastic packaging market in 2019. The APAC region is projected to account for the largest share in the flexible plastic packaging market during the forecast period.
The flexible packaging market has been segmented based on packaging type, i.e., pouches, bags, roll stocks, films & wraps, and others. Pouches are kind of small-sized bags consisting of two-sided flat sheets, which are flexible and sealed along the edges to form the compartment in which products can be stored. Pouches are widely used in the food and beverage industry.
The flexible packaging market is segmented based on materials that are used for making flexible packaging products. These materials are plastic, paper, and metal. Plastic flexible packaging products offer a wide variety of protective benefits while ensuring a minimum amount of material possible. The coating is usually made of aluminum. It offers a glossy metallic appearance of aluminum foil at reduced weight and cost. The flexible packaging market is also segmented based on various printing technologies such as flexography, rotogravure, digital printing, and others.
The flexible packaging market is segmented based on end-use applications. Flexible packaging can be used in various end-use industries such as pharmaceutical and healthcare, food & beverages, personal care and cosmetics, and others.
