Lewes, Delaware, May 07, 2024 (GLOBE NEWSWIRE) -- The Global Flexible Packaging Market is projected to grow at a CAGR of 4.89% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 199.35 Billion in 2024 and is expected to reach USD 292.08 Billion by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=39683
Browse in-depth TOC on “Global Flexible Packaging Market”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
REPORT ATTRIBUTES | DETAILS |
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Bemis Company Inc., Amcor Plc., Huhtamaki Global, Constantia Flexible Group, Sonoco Products Company, Sealed Air, Mondi. |
SEGMENTS COVERED |
|
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Flexible Packaging Market Overview
Sustainability Initiatives Propelling Growth: The growing focus on environmentally sustainable packaging options is fueling the need for flexible packaging across several sectors. Flexible packaging, because to its lightweight and minimal material usage, is well-suited for sustainability objectives, which in turn improves brand reputation and market competitiveness.
Consumer Preference for Convenience: Consumers in the modern day prioritise ease while maintaining high product quality. Flexible packaging provides convenient, resealable, and portable choices that are suitable for those with busy lifestyles. The demand for flexible packaging is driven by consumer preference, which in turn creates chances for market expansion across several sectors.
Cost-Efficiency and Supply Chain Optimization: Manufacturers are looking for packaging solutions that are both cost-effective and efficient in order to simplify the supply chain and ensure the integrity of their products. The lightweight design of flexible packaging decreases transportation expenses and improves storage effectiveness. The versatility of flexible packaging enables efficient production processes, ensuring quick adaptation to market demands and promoting profitability in the industry.
To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=39683
Regulatory Compliance Challenges: Flexible packaging businesses face difficulties due to strict rules on packaging materials and recyclability. Adhering to different regulations in different locations requires significant spending in research and development, which affects profit margins and hampers efforts to expand into new markets.
Limited Compatibility with Certain Products: Although flexible packaging is versatile, it may not be appropriate for all types of products, particularly those that need rigid protection or specialised packaging features. This limitation hinders its use in certain industries, limiting its potential for market growth and requiring customised solutions to meet various product needs.
Perceived Quality Concerns: While flexible packaging has several advantages, certain consumers and organisations may view it as less effective in terms of safeguarding products and presenting them, when compared to traditional rigid packaging options. To overcome these obstacles in perception, it is necessary to implement strategic branding initiatives and maintain a commitment to innovation in order to improve the quality and attractiveness of flexible packaging solutions in the market.
Geographic Dominance:
The Flexible Packaging Market exhibits geographical dominance, with North America and Europe leading in technological innovation and strict environmental standards. Meanwhile, the Asia-Pacific region is becoming a significant participant in global affairs as a result of its fast-paced industrialization, growing consumer markets, and rising levels of disposable income. The diversity highlights the worldwide scope of the sector, as each location brings distinct capabilities and market dynamics to the overall landscape.
Flexible Packaging Market Key Players Shaping the Future
Major players, including Bemis Company Inc., Amcor Plc., Huhtamaki Global, Constantia Flexible Group, Sonoco Products Company, Sealed Air, Mondi, Clondalkin Group, Coveris Holdings, and ProAmpac. and more, play a pivotal role in shaping the future of the Flexible Packaging Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Flexible Packaging Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Flexible Packaging Market into Material, Application, And Geography.
To get market data, market insights, and a comprehensive analysis of the Global Flexible Packaging Market, please Contact Verified Market Research®.
- Flexible Packaging Market, by Material
- Polymer
- Paper
- Plastic
- Aluminum
- Cellulosic
- Others
- Flexible Packaging Market, by Application
- Food beverage
- Personal Care
- Healthcare
- Industrial
- Others
- Flexible Packaging Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
Browse Related Reports:
Global Plastic Packaging Sacks Market Size By Product (OPP Plastic, CPP Plastic, PP Plastic), By Application (Construction, Chemical And Fertilizers, Horticulture), By Geography, And Forecast
Global High Performance Polymers Market Size By Product (Fluoro Polymer, Liquid Crystal Polymers, Polyamides, Polyimides, Polyketone), Application (Medical and Health, Textile, Electrical and Electronics, Manufacturing, Automotive, Aerospace, Oil and Gas, Food Packaging, Construction), By Geography, And Forecast
Global Medical Device Packaging Market Size By Product (Pouches And Bags, Trays, Boxes, Clamshells), By Material (Plastic, Paper And Paperboard, Metal), By Application (Equipment And Tools, Devices, IVD, Implants), By Geography, And Forecast
Global Blister Packaging Machinery Market Size By Speed (Low Speed (Up To 200 Blisters/min), Medium Speed (200-600 Blisters/min), High Speed (Above 600 Blisters/min)), By End-User Industry (Pharmaceuticals, Food, Chemicals, Consumer Goods), By Geography, And Forecast
Top 10 Flexible Packaging Vendors adding qualities with extra-ordinary packaging
Visualize Flexible Packaging Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.
With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.
VMR's domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.
Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR's dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.