DUBLIN--(BUSINESS WIRE)--The "Flexible Plastic Packaging Global Market Report 2022, By Type, By Technology, By Application" report has been added to ResearchAndMarkets.com's offering.
The global flexible plastic packaging market is expected to grow from $151.92 billion in 2021 to $158.88 billion in 2022 at a compound annual growth rate (CAGR) of 4.6%. The market is expected to grow to $191.56 billion in 2026 at a compound annual growth rate (CAGR) of 4.8%.
Major players in the flexible plastic packaging market are Constantia Flexibles, Amcor Limited, Berry Global Inc, Clondalkin Group Holdings BV, ProAmpac, Coveris, Bemis Company Inc, Bischof + Klein Se & Co Kg, Aluflexpack Ag, Cosmo Films Limited, and C-P Flexible Packaging.
The flexible plastic packaging market consists of sales of flexible packaging by entities (organizations, sole traders, and partnerships) that manufacture flexible plastic packaging. Flexible packaging is economical and convenient way to package, preserve, and distribute food items, pharmaceuticals, cosmetic & personal care items, consumer storage and other consumables.
Flexible plastic packaging involves various types of plastic material used for packaging different products such as snacks, beverages, vegetables, and others. Plastic materials used in flexible plastic packaging include polyethylene, polypropylene, polystyrene, and polyvinyl chloride among others.
The main types of flexible plastic packaging include stand-up pouches, flat pouches, roll stock, gusseted bags, wicketed bags, wraps, others. Stand-up pouches are also known as doypack and are soft-sided containers that stand up on their own without any support. The technologies used in flexible plastic packaging includes flexography, rotogravure, digital printing and others. The flexible plastic packaging is used to pack a variety of items such as food, beverage, pharms & health care, personal care & cosmetics.
Asia Pacific was the largest region in the flexible plastic packaging market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing consumption of processed and packaged food will drive the growth of the flexible plastic packaging market in the forecast period.
Packaged foods are food products that have been frozen, canned, cooked, packaged, or changed in nutritional composition and are preserved or fortified in different ways. Food brands are adopting flexible plastic packaging it consists of different types of packages that are easily molded. Therefore, high consumption of processed and packaged food propelled the demand for flexible plastic packaging during the period.
Rise in environmental concerns limited the growth of the flexible plastic packaging market during the historic period. Non-recyclable plastic bags have become a leading source of pollution globally.
There are concerns about plastic in waste and in marine litter. Heaps of plastic litters have been found on several beaches across the world, clogs city sewers and fuels a massive flow of plastic waste, killing wildlife including sea animals. In response, many countries have instituted stringent rules to control the use of plastic bags. China, for example, has issued complete bans on plastic bags. These concerns proved to be a challenge to the flexible plastic packaging industry.
The launch of innovative packaging to attract more customers and expand the customer base of the company is a key trend in flexible plastic packaging. The companies operating in the flexible packaging market are focusing on manufacturing innovative and sustainable packaging solutions for end-users.
For example, in February 2021, FreeForm Packaging AB, a Sweden-based packaging company launched one-sided stretchable paper laminate which is based on 85% paper. Stretchable paper laminate has two layers of fiber form, a thin layer of polyethylene is present on one of the layers which protects packaging and content.
Key Topics Covered:
1. Executive Summary
2. Flexible Plastic Packaging Market Characteristics
3. Flexible Plastic Packaging Market Trends And Strategies
4. Impact Of COVID-19 On Flexible Plastic Packaging
5. Flexible Plastic Packaging Market Size And Growth
5.1. Global Flexible Plastic Packaging Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Flexible Plastic Packaging Forecast Market, 2021 - 2026F, 2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Flexible Plastic Packaging Market Segmentation
6.1. Global Flexible Plastic Packaging Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $ Billion
- Stand-Up Pouches
- Flat Pouches
- Rollstock
- Gusseted Bags
- Wicketed Bags
- Wraps
- Other Types
6.2. Global Flexible Plastic Packaging Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $ Billion
- Flexography
- Rotogravure
- Digital Printing
- Other Technologies
6.3. Global Flexible Plastic Packaging Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $ Billion
- Food
- Beverage
- Pharms & Health Care
- Personal Care & Cosmetics
- Other Applications
7. Flexible Plastic Packaging Market Regional And Country Analysis
7.1. Global Flexible Plastic Packaging Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $ Billion
7.2. Global Flexible Plastic Packaging Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $ Billion
Companies Mentioned
- Constantia Flexibles
- Amcor Limited
- Berry Global Inc.
- Clondalkin Group Holdings BV
- ProAmpac
- Coveris
- Bemis Company Inc
- Bischof + Klein Se & Co. Kg
- Aluflexpack Ag
- Cosmo Films Limited
- C-P Flexible Packaging
- Novolex - Carlyle Group
- Swiss Pac
- Ultimate Packaging
For more information about this report visit https://www.researchandmarkets.com/r/hvoytd
