Global Flexible Packaging Market (By Type, By Material, By Application, By Region)- Global Insights, Market Trends, Growth opportunity & Forecast, 2019-2027

Flexible packaging is a kind of package or container made of flexible materials that, when we filled or closed it, it can be readily changed in shape. Flexible packaging is produced from paper, plastic, film, aluminum foil, or any combination of those materials, and includes pouches, bags, liners, labels, wraps, roll stock, and other flexible products.

The flexible packaging market is one of the most dynamic packaging market exhibiting various types of packaging and materials used across the globe. The global flexible packaging market is projected to grow at a CAGR of 5.1% from 2019 to 2027 due to the expanding economy and a shift from rigid packaging to flexible packaging alternatives. Flexible packaging has dominate over the  rigid packaging market due to it’s advances in technology, lower cost and lower material consumption, and advantages of paper, film and aluminum foil.

Market Trends:

Convenient packaging:

Day-by-day the packaging market has been shifting in trends towards the convenient packaging due to it’s light weight and user friendly characteristic, which will promulgate the Flexible Packaging market.

E-commerce industry expansion:

Now-a-days the E-commerce industry is expanding with a huge pace. Countries like China, India will drive the industry growth as e-commerce emphasizes on packaging to improve the customer experience. It is accounted that the total packaging plastic produced in India is above 40 percent.

Technological advancement:

Improving barrier properties, developing thin elastic material along with innovations in high-speed filling equipment will drive flexible packaging market growth. And also the easy transportation and storage along with sustainable properties fueled the product demand. Moreover, the increasing export trading industry is a key factor which enhancing the overall flexible packaging market growth.

 Minimum waste and lesser storage space requirement:

Most of the packaging manufacturing companies are moving towards flexible packaging because of it’s minimum waste due to lower utilization of crude materials, also it requires less storage space along with easy transport. In 2015, the Global packaging spending was accounted moreover USD 400 billion and in this all only the flexible packaging accounted moreover 20 percent of the industry revenue share.

Flexible Packaging Market, By Type:

There are various types of flexible packaging are available in market. Those are stand-up pouches, flat pouches, roll stock, gusseted bags, wicketed bags, wraps etc. Between those all only the stand-up pouches segment is projected to be the maximum market share in the upcoming period, due to the increasing consumption of food & beverage, dairy, and cosmetics products. Stand-up pouches are appealing as well as functional as they offer various features such as zipper re-seal, release valves and slider closure.

Flexible packaging Market, By Material:

Various raw material are used for flexible packaging such as plastic films, aluminum foil, paper, and bioplastic. Plastic films are further categorized into polyethylene, polypropylene, PVC, polyamide, and polystyrene. Plastic films segment of material is projected to grow at the highest rate during the forecast period due to it’s durability and cost effectiveness.

Flexible Packaging Market, By Application:

This Flexible Packaging can be applicable in various industries such as, Food & beverages, personal care, healthcare, industrial and other retail sectors. As our lifestyle, eating habits are changing and we people are becoming more conscious about the hygiena and foods, so we mostly preferred the packaged and processed food. As a matter of fact the demand for packaged and processed food would increasing day-by-day and which would propelling the flexible packaging market and also the market share from food and beverages application.

Flexible Packaging Market, By Region:

By geography, the flexible packaging market is segmented into North America, Europe, Asia-Pacific, South America, and others.  The Europe region has accounted the highest market share of flexible packaging market in 2016. North America market has accounted the second highest market share of flexible packaging in 2016 and it is expected to show a modest growth trend in upcoming periods, due to the saturated end-use markets in the region. The Asia-Pacific region has been leading in the flexible packaging market shares due to the growing population and the consequential demand for packaged food, personal care products, beverage, and pharmaceuticals. The developing economies such as China and India are driving the growth in this region.

Conclusion:

In the current packaging scenario, flexible packaging is an important trustable packaging solution for a saturated industry. The flexible packaging plays a vital role in protecting and extending the shelf life of end-products. Increasing extended shelf life requirement along with preservation from contamination open new avenues for industry growth in food & beverages and healthcare sector. Healthcare application will play a vital roll in this flexible packaging market in upcoming period because of it’s rising disposable income accompanied by regulatory support. Moreover, the strong Government policy and regulations regarding polymer and recyclability of packaging material would promulgate the flexible packaging market growth in upcoming periods.