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Flexible Plastic Packaging Market Analysis

Report ID: GMI7533
Published Date: Nov 2023
Report Format: PDF

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Flexible Plastic Packaging Market Analysis

Flexible Plastic Packaging Market, By Type, 2021 - 2032, (USD Billion)

Based on type, the market is segmented into pouches, rollstock, bags, films & wraps, and others. The rollstock segment dominated the global market with a share of over 30% in 2022.

Rollstock printing excels in cost efficiency, allowing continuous printing on flexible plastic rolls, saving on materials and production. Its high-speed, continuous process enhances efficiency and speeds up turnaround times.
Rollstock is versatile for packaging formats, such as pouches and bags, and caters to diverse industry needs. It seamlessly enables customization and branding, empowering manufacturers to craft visually appealing and distinctive product packaging.

Flexible Plastic Packaging Market Share, By Printing Technology, 2022

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Based on printing technology, the market is divided into flexography, rotogravure, digital printing, and others. The digital printing segment is anticipated to register a CAGR of over 4.5% through 2032.

Digital printing enables quicker production cycles compared to traditional methods, meeting the demand for shorter lead times in flexible packaging. It allows for personalized and variable data printing, accommodating the trend of customized & targeted packaging.
The ability to easily customize designs and adapt them to different packaging formats is fueling the demand for unique & visually appealing packaging. Digital printing eliminates the need for extensive setup processes and printing plates, contributing to increased efficiency and cost savings.

China Flexible Plastic Packaging Market Size, 2021 - 2032, (USD Billion)

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Asia Pacific dominated the market with a share of over 30% in 2022. Growing industrialization, rising disposable incomes, and increasing demand for packaged goods are expected to fuel the Asia Pacific flexible plastic packaging market growth. The region's changing retail environment and growing e-commerce industry will increase the demand for aesthetically pleasing and personalized packaging. In response to the changing market dynamics, the Asia Pacific industry is expected to witness significant growth due to the presence of varied sectors and expanding consumer base.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for flexible plastic packaging surpassed USD 170 billion in 2022 and is set to exhibit 4% CAGR from 2023 to 2032 driven by rising technological innovations for offering improved printing capabilities and making high-resolution graphics for various materials.

Flexible plastic packaging industry from the rollstock segment held over 30% revenue share in 2022 and is estimated to witness high demand from 2023-2032 owing to increasing use for distinctive product packaging across businesses.

Asia Pacific accounted for more than 30% revenue share of the flexible plastic packaging market in 2022 and is poised to exhibit a robust growth rate through 2032 owing to the growing industrialization and rising disposable incomes across the region.

Some leading flexible plastic packaging companies are Amcor Limited, American Packaging Corporation, AR Packaging Group AB, Bemis Company, Inc., Berry Global Group Inc., Bischof + Klein SE & Co. KG, and CCL Industries Inc.