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Flexible Plastic Pouches Market Size

  • Report ID: GMI6481
  • Published Date: Aug 2023
  • Report Format: PDF

Flexible Plastic Pouches Market Size

Flexible Plastic Pouches Market size was valued at around USD 186 billion in 2023 and is projected to register a CAGR of 5.1% between 2024 and 2032. Flexible plastic pouches are lightweight and easy to carry, making them a preferred choice for on-the-go consumers. Flexible plastic pouches can be designed in various formats, including stand-up pouches, spouted pouches, flat pouches, and more, catering to different product types and consumer preferences.

 

Pouches offer ample space for vibrant graphics, logos, and branding, allowing companies to create attractive and visually appealing packaging. Pouches provide effective protection against external factors such as moisture, air, and light, preserving the freshness and shelf life of the packaged products.

 

The use of traditional flexible plastic materials can contribute to plastic waste and environmental pollution, leading to negative perceptions among environmentally conscious consumers. Flexible plastic pouches often involve multi-layer structures that are difficult to recycle due to the combination of different materials. The lack of standardization in materials, formats, and labeling for flexible pouches can lead to confusion among consumers and challenges in recycling efforts. Thus, the risks associated with flexible plastic pouches may drive down the acceptance rate, further hampering the business growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for flexible plastic pouches was USD 186 billion in 2023 and will reach USD 300 billion by 2032, due to rising popularity among consumers worldwide, owing to advantages such as lightweight and easy to carry.

Flexible plastic pouches industry size from the bags and pouches segment reached USD 47.2 billion in 2022 and will witness significant growth by 2032 impelled by the excellent shelf visibility of the packaging for allowing products to stand out and attract consumer attention.

U.S. market for flexible plastic pouches registered USD 42.4 billion in 2022 and will witness substantial CAGR through 2032 due to the rise in online shopping and the growing demand for e-commerce-friendly packaging in the region.

Some of the key flexible plastic pouch companies are Amcor plc, Berry Global Group, Inc., Mondi Group, Sealed Air Corporation, Huhtamäki Oyj, Coveris Holdings S.A., ProAmpac Holdings, Inc., Sonoco Products Company, Constantia Flexibles Group, and Glenroy, Inc.

Flexible Plastic Pouches Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 137
  • Countries covered: 20
  • Pages: 120
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