The market size for global flexible plastic packaging is projected to reach USD 282.2 Billion by 2028. The flexible plastic packaging market is anticipated to attain substantial growth during the forecast period owing to its increased demand in various industries, such as food, cosmetic & personal care, beverage, and pharmaceutical. Development of modern retailing, high buyer income, and growth in e-commerce activities, particularly in developing countries, are expected to provide the target market growth over the forecast period.
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The growing implementation of paper, bioplastics, and nonwoven materials as substitutes to flexible plastic films is expected to hinder the global flexible plastic packaging market growth. With the rising demand for flexible plastic packaging in the key end-use industries such as electrical & electronics, food & beverages, and e-commerce industries, hence the global flexible plastic packaging market is anticipated to eyewitness major growth in the given timeframe. The important growth factor in the target market is the rising demand for flexible plastic packaging owing to its lightweight properties.
Key Segments of the Global Flexible Plastic Packaging Market
By Type Overview, 2018-2028 (USD Billion)
- Bags
- Wraps
- Pouches
- Rollstock
- Others (include Labels, stick packs, and sachets)
By Material Overview, 2018-2028 (USD Billion)
- Plastic
- Aluminum Foil
- Others (include coating, ink, coating, and adhesive)
By Technology Overview, 2018-2028 (USD Billion)
- Flexography
- Rotogravure
- Digital Printing
- Others (include a screen, offset, and letterpress printing)
By Applications Overview, 2018-2028 (USD Billion)
- Food
- Beverage
- Pharma & Health care
- Personal care & Cosmetics
- Others (includes consumer goods, oil & lubricants, agriculture, automotive, household products, tobacco, and sporting goods)
Regional Overview, 2018-2028 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of the Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global flexible plastic packaging market. Benchmark yourself against the rest of the Market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global flexible plastic packaging market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the flexible plastic packaging industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on type, material, technology, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global flexible plastic packaging market. The report will benefit:
- Every stakeholder is involved in the flexible plastic packaging market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global flexible plastic packaging market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global flexible plastic packaging market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Flexible plastic packaging, owing to its flexibility, stability, and lightweight nature is progressively substituting rigid packaging made of non-plastic and plastic materials for instance glass and metal. Rigid packaging provides high-obstacle wrapping solutions regardless of shelf-life necessities. Likewise, rigid packaging formats are susceptible to rupture and erosion. Buyer views and connections with packaged products are altering and there is a rising effort on shelf-life, convenience, durability, and most importantly, sustainability.
Old-fashioned rigid packaging formats are substituted by advanced flexible plastic packaging options to meet buyers' needs. Currently, companies are offering longer shelf-life and appropriate user experience to buyers with the aid of flexible plastic packaging solutions. These products can be made in impervious as well as translucent forms reliant upon merchandising needs of the product.