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Flexible Plastic Packaging Market Trends

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

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Flexible Plastic Packaging Market Trends

Advancements in digital printing are facilitating increased customization, shorter turnaround times, and variable data printing, which are driving the evolution of the flexible plastic packaging industry. Eco-friendly inks, recyclable substrates, and less environmental effects are the highlights of the current sustainability trends. As a means of improving consumer interaction and providing useful product information, the use of smart packaging elements, such as AR and QR codes, is becoming more common. In the printing sector, for flexible plastic packaging, these trends indicate a dynamic shift toward efficiency, environmentally sensitive practices, and improved consumer engagement.

Flexible packaging formats are growing in popularity, which is driving the demand for customized printing technologies in the market. Companies use printing to personalize products and give customers distinctive experiences. Security requirements are met by anti-counterfeiting techniques such as holographic printing. Innovations are fueled by partnerships between printers, manufacturers, and tech companies, which produce cutting-edge printing solutions. These trends reflect a changing industry adapting to consumer demands for packaging, brand individuality, security considerations, and cooperative developments in flexible plastic package printing.

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.