Flexible Packaging Market by Packaging Type, Printing Technology, End-user Industry, Material and Region - Global Forecast to 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.

The market for flexible packaging is approximated to be USD 248.9 billion in 2022, and it is projected to reach USD 315.5 billion by 2027 at a CAGR of 4.8%.

By Packaging Type, Pouches accounted for the highest CAGR during the forecast period

Pouches-based flexible packaging is widely used in packing various food items in the food and beverage industry; some of them are milk, tea, coffee, ketchup, and other food items. In addition to this, Pouches are ideal for bulk coffee packaging and food items such as dried or smoked meats.

They are easy to use, heat sealable, and available in convenient packaging with multiple sizes and formats. It is widely used in the food and beverages industry because of its excellent properties such as low weight, resale ability, vacuum sealing, low package-to-product ratio, and others.

By Material, Plastic accounted for the highest CAGR during the forecast period

Flexible packaging products are made up of various raw materials such as paper, plastic, and metal. Plastic flexible packaging products, such as pouches, and films, are used for packing various ranges of products such as soaps, detergents, snacks, namkeen, ketchup, chocolate, candies, and other food items.

The flexible plastic packaging market is expanding at a higher rate than its counterpart, rigid plastic packaging, serving a variety of functions from increasing shelf life and maintaining food safety to offering barrier protection from heat and pathogens and other external entities.

By End Use Industry, Personal care and cosmetics accounted for the highest CAGR during the forecast period

Flexible packaging offers the beauty industry packaging that resonates with educated and eco-conscious consumers. In addition to this, being airtight, it has a strong protective barrier material that aids in preserving the freshness of powder, gels, and oils sold by personal care and cosmetic firms. Flexible Packaging products are used for packaging different products such as soaps, cosmetics & perfumes, and facial tissues & napkins.

By Printing Technology, Flexography accounted for the highest CAGR during the forecast period

Flexography is widely used in flexible packaging printing. The flexography printing process involves image preparation, plate making, printing, and finishing. The main difference between flexography and other printing processes is that it uses plates made of flexible materials, such as plastic, rubber, and UV-sensitive polymer. The inks used in flexography are of low viscosity, which enables the print to dry quickly and speed up the printing process, eventually saving production costs.

APAC is projected to account for the highest CAGR in the flexible packaging market during the forecast period

The fastest-growing flexible packaging market is occur in the Asia Pacific region. The various countries which are covered in this region are India, China, Japan, Australia, South Korea, and the Rest of Asia Pacific. Countries such as India, China, and Japan are expected to rise in the flexible packaging market due to growing developmental activities and rapid economic expansion. In addition to this, rising urbanization in these countries results in representing a huge customer base for food, beverages, and FMCG products which led to the growth of the flexible packaging market in the forecast period.

Market Dynamics

Drivers

• Cost-Effectiveness and Increased Product Shelf Life
• Rising Demand from End-Use Industries and Increasing E-Commerce Sales
• Rising Concerns Towards Sustainability

Restraints

• Non-Availability of Efficient Recycling Infrastructure
• Rising Prices of Raw Materials

Opportunities

• Growing Demand for Sustainable Packaging
• Better Substitute for Traditional Packaging Materials

Challenges

• Rapid Changes in Technologies

Companies Mentioned

• Ahlstrom
• Aluflexpack Ag
• Amcor Limited
• Berry Global Group, Inc.
• Bischof + Klein Se & Co. Kg
• C-P Flexible Packaging
• Constantia Flexibles
• Cosmo Films Limited
• Ds Smith
• Guala Pack S.P.A.
• Huhtamaki Oyj
• Linear Plastics and Packaging.
• Mondi Group
• Novolex-Carlyle Group
• Novus Holdings Ltd.
• Ppc Flexible Packaging LLC.
• Printpack, Inc.
• Proampac
• Sealed Air Corporation
• Silafrica
• Sonoco
• Transcontinental Inc.
• Uflex Limited
• Westrock Company
• Wihuri Group

For more information about this report visit https://www.researchandmarkets.com/r/ljy8xb