Why is the demand for flexible packaging increasing in the food & beverage sector?

The food & beverage segment is forecasted to record more than 5.4% growth rate from 2023 to 2032 due to the rising consumption of processed and packed foods and drinks across the globe.

How big is the APAC flexible packaging market?

Asia Pacific market is expected to reach USD 222 billion by 2032 owing to the emergence of new products, particularly in the frozen food category across the region.

What is the size of flexible packaging market?

The market size of flexible packaging was surpassed USD 300.6 billion in 2023 and is poised to witness more than 5.2% CAGR from 2024 to 2032.

Who are the prominent players in the global market size?

Coveris Holdings S.A, Bemis, Sealed Air Corporation, Clondalkin Group Holdings B.V, ACTEGA GmbH, Loba Goglio Group, Plater AR Packaging, Schur Flexibles, and Flair Flexible Packaging Solution are some of the key players in the global market.

Flexible Packaging Market Size

Report ID: GMI1145

Published Date: March 2023

Report Format: PDF

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Flexible Packaging Market Size

Flexible Packaging Market was valued at USD 300.6 billion in 2023 and is poised to observe more than 5.2% CAGR from 2024 to 2032.

Growing consumption of ready-to-eat and packed foods and changing eating habits of millennials will impact the demand for flexible packaging solutions. The advancements in the food processing sector have enabled the production of new types of packaged food products. The availability of local and exotic goods with long shelf lives is transforming customer food-buying behavior, driving market expansion in North America. The introduction of multiple technologies and ongoing research activities for food storage is anticipated to expand product penetration in the food and beverage sector.

Stringent regulations on polymer usage and recyclability could impede the growth of the global flexible packaging market. Polymers are extensively used across many industries including consumer products, packaging and coatings, medical equipment, electrical and electronics, building materials, and agriculture. Governing bodies and authorities have levied stringent rules and regulations on the usage of polymers used across multiple applications which could impact innovation in the flexible packaging sector.

Authors: Kiran Pulidindi,

Frequently Asked Question(FAQ) :

Why is the demand for flexible packaging increasing in the food & beverage sector?: The food & beverage segment is forecasted to record more than 5.4% growth rate from 2023 to 2032 due to the rising consumption of processed and packed foods and drinks across the globe.
How big is the APAC flexible packaging market?: Asia Pacific market is expected to reach USD 222 billion by 2032 owing to the emergence of new products, particularly in the frozen food category across the region.
What is the size of flexible packaging market?: The market size of flexible packaging was surpassed USD 300.6 billion in 2023 and is poised to witness more than 5.2% CAGR from 2024 to 2032.
Who are the prominent players in the global market size?: Coveris Holdings S.A, Bemis, Sealed Air Corporation, Clondalkin Group Holdings B.V, ACTEGA GmbH, Loba Goglio Group, Plater AR Packaging, Schur Flexibles, and Flair Flexible Packaging Solution are some of the key players in the global market.

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Authors: Kiran Pulidindi,

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Base Year: 2023

Companies covered: 20

Tables & Figures: 290

Countries covered: 24

Pages: 300

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Flexible Packaging Market Size

Flexible Packaging Market Size

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