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Flexible Paper Packaging Market Size

Report ID: GMI6478
Published Date: Aug 2023
Report Format: PDF

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Flexible Paper Packaging Market Size

Flexible Paper Packaging Market size was valued at around USD 65.4 billion in 2022 and is estimated to register 4.2% CAGR between 2023 and 2032. Flexible paper packaging is considered eco-friendly and biodegradable, aligning with the global push for sustainable packaging solutions. Consumer demand for reduced plastic usage and waste is prompting brands to switch to flexible paper packaging as an eco-friendly alternative.

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The recyclability of paper packaging makes it an attractive choice for brands aiming to contribute to a circular economy and reduce environmental impact. Many consumers prefer packaging made from natural materials like paper due to its organic and non-toxic properties.

Flexible Paper Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2022
Flexible Paper Packaging Market Size in 2022:	USD 65.4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.2%
2032 Value Projection:	USD 99.1 Billion
Historical Data for:	2018 to 2022
No. of Pages:	120
Tables, Charts & Figures:	136
Segments covered:	Type, End-use, Region
Growth Drivers:	Growing food industry Expansion of the pharmaceutical industry Plastic alternative material growth
Pitfalls & Challenges:	Moisture and Water Resistance Limited Barrier Properties Fragility and Susceptibility to Damage

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Sourcing high-quality, sustainable, and cost-effective paper materials can be challenging, affecting the overall quality and performance of flexible paper packaging. Maintaining suitable barrier properties to protect products and extend shelf life can be complex, especially for sensitive items like perishable foods. Achieving high-quality printing and graphics on flexible paper packaging while ensuring adherence to sustainability standards and regulatory requirements can be difficult. Thus, the risks associated with flexible paper packaging may drive down the acceptance rate, further hampering the business growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for flexible paper packaging was USD 65.4 billion in 2022 and is estimated to record USD 99.1 billion by the end of 2032 due to its eco-friendly and biodegradable properties coupled with the growing inclination to sustainable packaging solutions worldwide.

Demand for flexible paper pouches reached USD 17.3 billion in 2022 driven by the growing demand for versatile packaging and its higher application in a wide range of products, from snacks to personal care items.

Flexible paper packaging industry from the food and beverage end-user segment held 40% share in 2022 and is expected to grow at lucrative pace through 2032 owing to growing adoption due to rising sustainable packaging goals.

U.S. market for flexible paper packaging was worth USD 14.8 billion in revenue in 2022 and will expand at significant pace from 2023-2032 owing to the increasing emphasis on sustainability and environmentally friendly packaging options in the region.