Flexible Packaging Market Analysis

Flexible Packaging Market Analysis

The pillow pouches segment is predicted to reach USD 175 billion by 2032. The pillow pouches segment is anticipated to grow owing to the rising demand for packaged foods and the affordability of these pouches. They are becoming more popular in the beverage sector for packaging alcohol because of their malleability and lightweight nature. The demand for easy-to-use packing solutions should drive the adoption of these bags. The growing trend of food consumption on the go is expected to fuel market development.
 

Flexible packaging market from the food & beverage application is forecasted to record nearly 5.4% CAGR from 2023 to 2032 due to the rising consumption of processed and packed foods and drinks across the globe. The expanding trend of online food ordering and home delivery is influencing the adoption of flexible and convenient packaging solutions across the F&B sector. Increasing expenditure of companies on the development of nutritional and functional beverages should complement consumer buying behavior.
 

Asia Pacific flexible packaging market is predicted to surpass USD 222 billion by 2032 owing to the emergence of new products, particularly in the frozen food category across the region. Increasing consumer demand for convenience foods that have longer shelf lives is stimulating the demand for flexible packaging. As per a report, Asia has the highest number of millennials worldwide amounting to 1.1 billion. A robust increase in the younger population will contribute to the demand for on-the-go and easy-to-eat packaging solutions across the region in the ensuing years.