The flexible packaging market is projected to reach US$ 237,975.67 million by 2028 from US$ 176,173.61 million in 2021; it is expected to grow at a CAGR of 4.4% from 2021 to 2028.
Flexible packaging includes liners, pouches, seals, sample packets, and bags. It can be composed of film, plastic, paper, foil, etc. It is used for various food and beverage items, consumer products, music CDs, pharmaceuticals, computer software packages, and nutraceuticals. The durability offered by flexible packaging allows manufacturers to print eye-catching and high-quality custom designs, which increase product visibility in a retail setting.
In 2020, Asia Pacific held the largest revenue share of the global flexible packaging market. According to Asia-Pacific Economic Cooperation, Australia is one of the developed countries in APAC. The food & beverage sector is Australia’s largest manufacturing industry, accounting for 32% of the country’s total manufacturing turnover. According to the Australian Food and Grocery Council’s 2019 State of the Industry Report, the food & beverage, grocery, and fresh produce sector is worth USD$ 85.32 billion. The industry is made up of 15,000 businesses of all sizes that employ over 273,000 people. The growing food & beverage industry drives the flexible packaging market.
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Flexible Packaging Market: Strategic Insights
Market Size Value in US$ 176,173.61 million in 2021 Market Size Value by US$ 237,975.67 million by 2028 Growth rate CAGR of 4.4% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Flexible Packaging Market: Strategic Insights
| Market Size Value in | US$ 176,173.61 million in 2021 |
| Market Size Value by | US$ 237,975.67 million by 2028 |
| Growth rate | CAGR of 4.4% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Flexible Packaging Market
Impact of COVID-19 Pandemic on Flexible Packaging Market
The shutdown of manufacturing units, difficulty in the procurement of raw materials, restriction on logistics has had a negative impact on the flexible packaging market. However, COVID-19 created massive spikes in online grocery delivery. In addition, packaged food and beverage industries are witnessing an upsurge in demand for shelf-stable foods and beverages, including milk products, as consumers rush to stock the pantries. Millions of households started buying groceries online for pickup or home delivery, and many will continue using e-commerce options after the crisis passes. Furthermore, the increasing demand for processed food products such as convenience-oriented foods that generally use high-barrier, premium packaging materials for higher shelf life is poised to encourage the need for flexible packaging.
Flexible Packaging Market Breakdown – by Region
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Market Insights
Increased Consumption of Processed Food & Beverage
According to Anu Food Brazil report, the Brazilian food retail sector’s total revenue was US$ 96 billion in 2019. The food & beverage industry in Brazil achieved growth of 6.7% in 2019 and 12.8% in 2020. The frozen food market is prospering in Brazil. The frozen food market is prospering in Brazil due to the expansion of the middle class, rise in purchasing power, and an increase in the number of people working full time. Hence, the increasing consumer preference toward convenience foods drives the flexible packaging market.
Material Industry Insights
Based on material, the global flexible packaging market is segmented into plastics, paper, aluminum foils, others. The plastics segment held the largest share of the global flexible packaging market in 2020. Flexible plastic packaging involves various types of plastic material used for the packaging of different products. The type of material used in packaging depends upon the application and type of product to be packaged. Generally, plastic materials, such as polyethylene, polypropylene, polystyrene, and polyvinyl chloride, are used in flexible plastic packaging. Flexible packaging is considered the most convenient and economical way to preserve, distribute and package food items, beverages, pharmaceutical products and several consumables.
Flexible Packaging Market, by Material– 2020 and 2028
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A few of the key players operating in the global flexible packaging market include Amcor plc, Huhtamaki, Mondi, Berry Global Inc., Sealed Air, Sonoco Products Company, Coveris, Constantia Flexibles, Flexpak services, and Transcontinental Inc. Players operating in the market are highly focused on the development of high-quality and innovative product offerings to fulfill the customer’s requirements.
Report Spotlights
- Progressive trends in the flexible packaging industry to help players develop effective long-term strategies
- Business growth strategies adopted by the market players in developed and developing countries
- Quantitative analysis of the flexible packaging market from 2019 to 2028
- Estimation of global demand for flexible packaging
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the flexible packaging market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the flexible packaging market at various nodes
- Detailed overview and segmentation of the market, as well as the industry dynamics
- Size of the flexible packaging market in various regions with promising growth opportunities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, Product Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
The bags segment held the largest share of the market in 2020. These are commonly made of metal foil, plastic, and occasionally, paper. These bags are used in various packaging applications including food products, confectionery products, biscuits, coffee, powdered milk, snacks, etc. Also, these bags are easy for transport, material savings, and repeated use.
In 2020, Asia-Pacific is the fastest-growing region in the global flexible packaging market. According to Asia-Pacific Economic Cooperation, Australia is one of the developed countries in APAC. The food & beverage sector is Australia’s largest manufacturing industry, accounting for 32% of the country’s total manufacturing turnover. According to the Australian Food and Grocery Council’s 2019 State of the Industry Report, the food & beverage, grocery, and fresh produce sector is worth $122 billion. The industry is made up of 15,000 businesses of all sizes that employ over 273,000 people. The growing food & beverage industry drives the flexible packaging market.
The food and beverages segment held the largest share of the market in 2020. Flexible packaging is widely used for packaging food products such as eggs, fresh fruits and vegetables, and salad, among others. Flexible packaging protects products from moisture, UV rays, mold, dust, and other environmental contaminants that can negatively affect the product, thereby maintaining its quality and extending its shelf life. Also, with the growth of online food delivery channels the demand for flexible, affordable, and recyclable packaging is also on a rise.
In 2020, the plastics segment accounted for the largest market share. Flexible plastic packaging delivers a wide range of protective properties while ensuring a minimum amount of material being used. It is made from high-grade polymers such as PVC, polyamide, polypropylene, and polyethylene. These polymers are FDA-approved and are contaminant-free. They can take on extreme temperatures and pressures. Furthermore, they also act as a protective layer for the food and beverage by protecting it from micro-organisms, UV rays, moisture, and dust.
The major players operating in the global flexible packaging market are Amcor plc; Huhtamaki; Mondi; Berry Global Inc.; Sealed Air; Sonoco Products Company; Coveris; Constantia Flexibles; Flexpak services; Transcontinental Inc.
In 2020, Asia-Pacific accounted for the largest share of the global flexible packaging market. The market for flexible packaging across Asia-Pacific has witnessed notable growth owing to the rapidly expanding packaging industry, growth of the food retail sector, and rising consumer awareness about sustainable packaging solutions across the region. The foodservice sector in Asia-Pacific is rapidly expanding owing to rapid economic growth, growth of the tourism sector, improving lifestyles of consumers, and rising disposable income levels. The region's food & beverage market is witnessing significant growth due to ample availability of various varieties of functional food and drinks and their growing demand among the millennial population. According to The Annual Report on Catering Industry Development of China 2019 (ARCIDC), China is the second-largest food and beverage economy across the world. The food and beverage revenue in China was over US$ 620 billion in 2018. The report further states that the online sales of food and beverages increased by US$ 44 billion from 2011 to 2017. Hence the growing demand for food & beverage in the region drives the flexible packaging market.
1. Introduction 19
1.1 Study Scope. 19
1.2 The Insight Partners Research Report Guidance. 19
1.3 Market Segmentation. 20
1.3.1 Flexible Packaging Market, by Material 21
1.3.2 Flexible Packaging Market, by Product Type. 22
1.3.3 Flexible Packaging Market, by Application. 22
1.3.4 Flexible Packaging Market, by Geography. 22
2. Key Takeaways 24
3. Research Methodology 28
3.1 Scope of the Study. 28
3.2 Research Methodology. 28
3.2.1 Data Collection: 29
3.2.2 Primary Interviews: 29
3.2.3 Hypothesis formulation: 30
3.2.4 Macro-economic factor analysis: 30
3.2.5 Developing base number: 30
3.2.6 Data Triangulation: 30
3.2.7 Country level data: 31
4. Flexible Packaging Market Landscape 32
4.1 Market Overview. 32
4.2 Porter's Five Forces Analysis. 33
4.3 Ecosystem Analysis. 35
4.4 Expert Opinion. 36
5. Flexible Packaging Market – Key Market Dynamics 37
5.1 Market Drivers. 37
5.1.1 Cost-effectiveness and increased product shelf-life. 37
5.1.2 Increasing demand for snacks and convenience foods & beverages. 37
5.2 Market Restraints. 38
5.2.1 Lower shelf life of biofertilizer. 38
5.3 Market Opportunities. 38
5.3.1 Growing Urbanization in APAC region. 38
5.4 Future Trends. 39
5.4.1 Growing retail sector through e-commerce in developing economies. 39
5.5 Impact Analysis. 39
6. Flexible Packaging – Global Market Analysis 40
6.1 Flexible Packaging Market Overview. 40
6.2 Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Mn) 41
6.3 Market Positioning. 42
7. Flexible Packagings Market – Geographic Analysis 43
7.1 Overview. 43
7.2 North America: Flexible Packagings Market 43
7.2.1 North America: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 44
7.2.2 North America: Flexible Packagings Market, by Material 44
7.2.3 North America: Flexible Packagings Market, by Product Type. 45
7.2.4 North America: Flexible Packagings Market, by Application. 46
7.2.5 North America: Flexible Packagings Market, by Key Country. 47
7.2.5.1 US: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 47
7.2.5.1.1 US: Flexible Packagings Market, by Material 48
7.2.5.1.2 US: Flexible Packagings Market, by Product Type. 48
7.2.5.1.3 US: Flexible Packagings Market, by Application. 49
7.2.5.2 Canada: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 49
7.2.5.2.1 Canada: Flexible Packagings Market, by Material 50
7.2.5.2.2 Canada: Flexible Packagings Market, by Product Type. 50
7.2.5.2.3 Canada: Flexible Packagings Market, by Application. 51
7.2.5.3 Mexico: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 51
7.2.5.3.1 Mexico: Flexible Packagings Market, by Material 52
7.2.5.3.2 Mexico: Flexible Packagings Market, by Product Type. 52
7.2.5.3.3 Mexico: Flexible Packagings Market, by Application. 53
7.3 Europe: Flexible Packagings Market 54
7.3.1 Europe: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 54
7.3.2 Europe: Flexible Packagings Market, by Material 55
7.3.3 Europe: Flexible Packagings Market, by Product Type. 56
7.3.4 Europe: Flexible Packagings Market, by Application. 57
7.3.5 Europe: Flexible Packagings Market, by Key Country. 58
7.3.5.1 Germany: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 58
7.3.5.1.1 Germany: Flexible Packagings Market, by Material 59
7.3.5.1.2 Germany: Flexible Packagings Market, by Product Type. 59
7.3.5.1.3 Germany: Flexible Packagings Market, by Application. 60
7.3.5.2 France: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 60
7.3.5.2.1 France: Flexible Packagings Market, by Material 61
7.3.5.2.2 France: Flexible Packagings Market, by Product Type. 61
7.3.5.2.3 France: Flexible Packagings Market, by Application. 62
7.3.5.3 Italy: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 62
7.3.5.3.1 Italy: Flexible Packagings Market, by Material 63
7.3.5.3.2 Italy: Flexible Packagings Market, by Product Type. 63
7.3.5.3.3 taly: Flexible Packagings Market, by Application. 64
7.3.5.4 United Kingdom: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 64
7.3.5.4.1 United Kingdom: Flexible Packagings Market, by Material 65
7.3.5.4.2 United Kingdom: Flexible Packagings Market, by Product Type. 65
7.3.5.4.3 United Kingdom: Flexible Packagings Market, by Application. 66
7.3.5.5 Russia: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 66
7.3.5.5.1 Russia: : Flexible Packagings Market, by Material 67
7.3.5.5.2 Russia: : Flexible Packagings Market, by Product Type. 67
7.3.5.5.3 Russia: : Flexible Packagings Market, by Application. 68
7.3.5.6 Rest of Europe: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 68
7.3.5.6.1 Rest of Europe: Flexible Packagings Market, by Material 69
7.3.5.6.2 Rest of Europe: Flexible Packagings Market, by Product Type. 69
7.3.5.6.3 Rest of Europe: Flexible Packagings Market, by Application. 70
7.4 Asia Pacific: Flexible Packagings Market 71
7.4.1 Asia Pacific: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 71
7.4.2 Asia Pacific: Flexible Packagings Market, by Material 72
7.4.3 Asia Pacific: Flexible Packagings Market, by Product Type. 73
7.4.4 Asia Pacific: Flexible Packagings Market, by Application. 74
7.4.5 Asia Pacific: Flexible Packagings Market, by Key Country. 75
7.4.5.1 Australia: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 75
7.4.5.1.1 Australia: Flexible Packagings Market, by Material 76
7.4.5.1.2 Australia: Flexible Packagings Market, by Product Type. 76
7.4.5.1.3 Australia: Flexible Packagings Market, by Application. 77
7.4.5.2 China: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 77
7.4.5.2.1 China: Flexible Packagings Market, by Material 78
7.4.5.2.2 China: Flexible Packagings Market, by Product Type. 78
7.4.5.2.3 China: Flexible Packagings Market, by Application. 79
7.4.5.3 India: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 79
7.4.5.3.1 India: Flexible Packagings Market, by Material 80
7.4.5.3.2 India: Flexible Packagings Market, by Product Type. 80
7.4.5.3.3 India: Flexible Packagings Market, by Application. 81
7.4.5.4 Japan: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 81
7.4.5.4.1 Japan: Flexible Packagings Market, by Material 82
7.4.5.4.2 Japan: Flexible Packagings Market, by Product Type. 82
7.4.5.4.3 Japan: Flexible Packagings Market, by Application. 83
7.4.5.5 South Korea: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 83
7.4.5.5.1 South Korea: Flexible Packagings Market, by Material 84
7.4.5.5.2 South Korea: Flexible Packagings Market, by Product Type. 84
7.4.5.5.3 South Korea: Flexible Packagings Market, by Application. 85
7.4.5.6 Rest of Asia Pacific: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 85
7.4.5.6.1 Rest of Asia Pacific: Flexible Packagings Market, by Material 86
7.4.5.6.2 Rest of Asia Pacific: Flexible Packagings Market, by Product Type. 86
7.4.5.6.3 Rest of Asia Pacific: Flexible Packagings Market, by Application. 87
7.5 Middle East and Africa: Flexible Packagings Market 88
7.5.1 Middle East and Africa: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 88
7.5.2 Middle East and Africa: Flexible Packagings Market, by Material 89
7.5.3 Middle East and Africa: Flexible Packagings Market, by Product Type. 90
7.5.4 Middle East and Africa: Flexible Packagings Market, by Application. 91
7.5.5 Middle East and Africa: Flexible Packagings Market, by Key Country. 92
7.5.5.1 South Africa: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 92
7.5.5.1.1 South Africa: Flexible Packagings Market, by Material 93
7.5.5.1.2 South Africa: Flexible Packagings Market, by Product Type. 93
7.5.5.1.3 South Africa: Flexible Packagings Market, by Application. 94
7.5.5.2 Saudi Arabia: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 94
7.5.5.2.1 Saudi Arabia: Flexible Packagings Market, by Material 95
7.5.5.2.2 Saudi Arabia: Flexible Packagings Market, by Product Type. 95
7.5.5.2.3 Saudi Arabia: Flexible Packagings Market, by Application. 96
7.5.5.3 UAE: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 96
7.5.5.3.1 UAE: Flexible Packagings Market, by Material 97
7.5.5.3.2 UAE: Flexible Packagings Market, by Product Type. 97
7.5.5.3.3 UAE: Flexible Packagings Market, by Application. 98
7.5.5.4 Rest of MEA: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 98
7.5.5.4.1 Rest of MEA: Flexible Packagings Market, by Material 99
7.5.5.4.2 Rest of MEA: Flexible Packagings Market, by Product Type. 99
7.5.5.4.3 Rest of MEA: Flexible Packagings Market, by Application. 100
7.6 South America: Flexible Packagings Market 101
7.6.1 South America: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 101
7.6.2 South America: Flexible Packagings Market, by Material 102
7.6.3 South America: Flexible Packagings Market, by Product Type. 103
7.6.4 South America: Flexible Packagings Market, by Application. 104
7.6.5 South America: Flexible Packagings Market, by Key Country. 105
7.6.5.1 Brazil: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 105
7.6.5.1.1 Brazil: Flexible Packagings Market, by Material 106
7.6.5.1.2 Brazil: Flexible Packagings Market, by Product Type. 106
7.6.5.1.3 Brazil: Flexible Packagings Market, by Application. 107
7.6.5.2 Argentina: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 107
7.6.5.2.1 Argentina: Flexible Packagings Market, by Material 108
7.6.5.2.2 Argentina: Flexible Packagings Market, by Product Type. 108
7.6.5.2.3 Argentina: Flexible Packagings Market, by Application. 109
7.6.5.3 Rest of South America: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 109
7.6.5.3.1 Rest of South America: Flexible Packagings Market, by Material 110
7.6.5.3.2 Rest of South America: Flexible Packagings Market, by Product Type. 110
7.6.5.3.3 Rest of South America: Flexible Packagings Market, by Application. 111
8. Company Profiles 112
8.1 AMCOR PLC. 112
8.1.1 Key Facts. 112
8.1.2 Business Description. 112
8.1.3 Products and Services. 112
8.1.4 Financial Overview.. 113
8.1.5 SWOT Analysis. 115
8.1.6 Key Developments. 115
8.2 BERRY GLOBAL INC. 116
8.2.1 Key Facts. 116
8.2.2 Business Description. 116
8.2.3 Products and Services. 116
8.2.4 Financial Overview.. 117
8.2.5 SWOT Analysis. 119
8.2.6 Key Developments. 119
8.3 CONSTANTIA FLEXIBLES. 120
8.3.1 Key Facts. 120
8.3.2 Business Description. 120
8.3.3 Products and Services. 120
8.3.4 Financial Overview.. 121
8.3.5 SWOT Analysis. 122
8.3.6 Key Developments. 123
8.4 COVERIS. 124
8.4.1 Key Facts. 124
8.4.2 Business Description. 124
8.4.3 Products and Services. 124
8.4.4 Financial Overview.. 124
8.4.5 SWOT Analysis. 125
8.4.6 Key Developments. 125
8.5 FLEXPAK SERVICES. 126
8.5.1 Key Facts. 126
8.5.2 Business Description. 126
8.5.3 Products and Services. 126
8.5.4 Financial Overview.. 127
8.5.5 SWOT Analysis. 128
8.5.6 Key Developments. 128
8.6 HUHTAMAKI FLEXIBLE PACKAGING. 129
8.6.1 Key Facts. 129
8.6.2 Business Description. 129
8.6.3 Products and Services. 129
8.6.4 Financial Overview.. 129
8.6.5 SWOT Analysis. 130
8.6.6 Key Developments. 130
8.7 MONDI 131
8.7.1 Key Facts. 131
8.7.2 Business Description. 131
8.7.3 Products and Services. 131
8.7.4 Financial Overview.. 131
8.7.5 SWOT Analysis. 133
8.7.6 Key Developments. 133
8.8 SEALED AIR. 134
8.8.1 Key Facts. 134
8.8.2 Business Description. 134
8.8.3 Products and Services. 134
8.8.4 Financial Overview.. 135
8.8.5 SWOT Analysis. 136
8.8.6 Key Developments. 137
8.9 SONOCO PRODUCTS COMPANY. 138
8.9.1 Key Facts. 138
8.9.2 Business Description. 138
8.9.3 Products and Services. 138
8.9.4 Financial Overview.. 139
8.9.5 SWOT Analysis. 141
8.9.6 Key Developments. 141
8.10 TRANSCONTINENTAL INC. 142
8.10.1 Key Facts. 142
8.10.2 Business Description. 142
8.10.3 Products and Services. 142
8.10.4 Financial Overview.. 143
8.10.5 SWOT Analysis. 144
8.10.6 Key Developments. 144
9. Appendix 145
9.1 About The Insight Partners. 145
9.2 Glossary of Terms. 145
LIST OF TABLES
Table 1. Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Mn) 41
Table 2. North America Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 45
Table 3. North America Flexible Packagings Market, by Product Type– Revenue and Forecast to 2028 (USD Million) 45
Table 4. North America Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 46
Table 5. US Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 48
Table 6. US Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 48
Table 7. US Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 49
Table 8. Canada: Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 50
Table 9. Canada Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 50
Table 10. Canada Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 51
Table 11. Mexico Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 52
Table 12. Mexico Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 52
Table 13. Mexico Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 53
Table 14. Europe Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 55
Table 15. Europe Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 56
Table 16. Europe Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 57
Table 17. Germany Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 59
Table 18. Germany Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 59
Table 19. Germany Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 60
Table 20. France Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 61
Table 21. France Flexible Packagings Market, by Product Type– Revenue and Forecast to 2028 (USD Million) 61
Table 22. France Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 62
Table 23. Italy Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 63
Table 24. Italy Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 63
Table 25. Italy Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 64
Table 26. United Kingdom Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 65
Table 27. United Kingdom Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 65
Table 28. United Kingdom Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 66
Table 29. Russia : Flexible Packagings Market, by Material– Revenue and Forecast to 2028 (USD Million) 67
Table 30. Russia : Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 67
Table 31. Russia : Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 68
Table 32. Rest of Europe Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 69
Table 33. Rest of Europe Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 69
Table 34. Rest of Europe Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 70
Table 35. Asia Pacific Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 72
Table 36. Asia Pacific Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 73
Table 37. Asia Pacific Flexible Packagings Market, by Application– Revenue and Forecast to 2028 (USD Million) 74
Table 38. Australia Flexible Packagings Market, by Material– Revenue and Forecast to 2028 (USD Million) 76
Table 39. Australia Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 76
Table 40. Australia Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 77
Table 41. China Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 78
Table 42. China Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 78
Table 43. China Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 79
Table 44. India Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 80
Table 45. India Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 80
Table 46. India Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 81
Table 47. Japan Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 82
Table 48. Japan Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 82
Table 49. Japan Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 83
Table 50. South Korea Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 84
Table 51. South Korea Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 84
Table 52. South Korea Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 85
Table 53. Rest of Asia Pacific Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 86
Table 54. Rest of Asia Pacific Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 86
Table 55. Rest of Asia Pacific Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 87
Table 56. Middle East and Africa Flexible Packagings Market, by Material– Revenue and Forecast to 2028 (USD Million) 89
Table 57. Middle East and Africa Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 90
Table 58. Middle East and Africa Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 91
Table 59. South Africa Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 93
Table 60. South Africa Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 93
Table 61. South Africa Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 94
Table 62. Saudi Arabia Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 95
Table 63. Saudi Arabia Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 95
Table 64. Saudi Arabia Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 96
Table 65. UAE Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 97
Table 66. UAE Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 97
Table 67. UAE Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 98
Table 68. Rest of MEA Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 99
Table 69. Rest of MEA Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 99
Table 70. Rest of MEA Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 100
Table 71. South America Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 102
Table 72. South America Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 103
Table 73. South America Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 104
Table 74. Brazil Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 106
Table 75. Brazil Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 106
Table 76. Brazil Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 107
Table 77. Argentina Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 108
Table 78. Argentina Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 108
Table 79. Argentina Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 109
Table 80. Rest of South America Flexible Packagings Market, by Material – Revenue and Forecast to 2028 (USD Million) 110
Table 81. Rest of South America Flexible Packagings Market, by Product Type – Revenue and Forecast to 2028 (USD Million) 110
Table 82. Rest of South America Flexible Packagings Market, by Application – Revenue and Forecast to 2028 (USD Million) 111
Table 83. Glossary of Terms, Global Flexible Packaging Market 145
LIST OF FIGURES
Figure 1. Flexible Packaging Market Segmentation. 20
Figure 2. Flexible Packaging Market Segmentation – By Geography. 21
Figure 3. Global Flexible Packaging Market Overview. 24
Figure 4. Global Flexible Packaging Market, By Application. 25
Figure 5. Global Flexible Packaging Market, by Geography. 26
Figure 6. Global Flexible Packaging Market, Industry Landscape. 27
Figure 7. Porter's Five Forces Analysis. 33
Figure 8. Ecosystem: Flexible Packagings Market 35
Figure 9. Expert Opinion. 36
Figure 10. Global Flexible Packaging Market Impact Analysis of Drivers and Restraints. 39
Figure 11. Geographic Overview of Flexible Packaging Market 40
Figure 12. Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn) 41
Figure 13. Global Flexible Packagings Market Revenue Share, by Region (2020 and 2028) 43
Figure 14. North America: Flexible Packagings Market – Revenue and Forecast to 2028 (US$ Million) 44
Figure 15. North America: Flexible Packagings Market Revenue Share, by Material (2020 and 2028) 44
Figure 16. North America: Flexible Packagings Market Revenue Share, by Product Type (2020 and 2028) 45
Figure 17. North America: Flexible Packagings Market Revenue Share, by Application (2020 and 2028) 46
Figure 18. North America: Flexible Packagings Market Revenue Share, by Key Country (2020 and 2028) 47
Figure 19. US: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 47
Figure 20. Canada: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 49
Figure 21. Mexico: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 51
Figure 22. Europe: Flexible Packagings Market – Revenue and Forecast to 2028 (US$ Million) 54
Figure 23. Europe: Flexible Packagings Market Revenue Share, by Material (2020 and 2028) 55
Figure 24. Europe: Flexible Packagings Market Revenue Share, by Product Type (2020 and 2028) 56
Figure 25. Europe: Flexible Packagings Market Revenue Share, by Application (2020 and 2028) 57
Figure 26. Europe: Flexible Packagings Market Revenue Share, by Key Country (2020 and 2028) 58
Figure 27. Germany: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 58
Figure 28. France: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 60
Figure 29. Italy: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 62
Figure 30. United Kingdom: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 64
Figure 31. Russia: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 66
Figure 32. Rest of Europe: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 68
Figure 33. Asia Pacific: Flexible Packagings Market – Revenue and Forecast to 2028 (US$ Million) 71
Figure 34. Asia Pacific: Flexible Packagings Market Revenue Share, by Material (2020 and 2028) 72
Figure 35. Asia Pacific: Flexible Packagings Market Revenue Share, by Product Type (2020 and 2028) 73
Figure 36. Asia Pacific: Flexible Packagings Market Revenue Share, by Application (2020 and 2028) 74
Figure 37. Asia Pacific: Flexible Packagings Market Revenue Share, by Key Country (2020 and 2028) 75
Figure 38. Australia: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 75
Figure 39. China: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 77
Figure 40. India: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 79
Figure 41. Japan: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 81
Figure 42. South Korea: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 83
Figure 43. Rest of Asia Pacific: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 85
Figure 44. Middle East and Africa: Flexible Packagings Market – Revenue and Forecast to 2028 (US$ Million) 88
Figure 45. Middle East and Africa: Flexible Packagings Market Revenue Share, by Material (2020 and 2028) 89
Figure 46. Middle East and Africa: Flexible Packagings Market Revenue Share, by Product Type (2020 and 2028) 90
Figure 47. Middle East and Africa: Flexible Packagings Market Revenue Share, by Application (2020 and 2028) 91
Figure 48. Middle East and Africa: Flexible Packagings Market Revenue Share, by Key Country (2020 and 2028) 92
Figure 49. South Africa: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 92
Figure 52. Rest of MEA: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 98
Figure 53. South America: Flexible Packagings Market – Revenue and Forecast to 2028 (US$ Million) 101
Figure 54. South America: Flexible Packagings Market Revenue Share, by Material (2020 and 2028) 102
Figure 55. South America: Flexible Packagings Market Revenue Share, by Product Type (2020 and 2028) 103
Figure 56. South America: Flexible Packagings Market Revenue Share, by Application (2020 and 2028) 104
Figure 57. South America: Flexible Packagings Market Revenue Share, by Key Country (2020 and 2028) 105
Figure 58. Brazil: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 105
Figure 59. Argentina: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 107
Figure 60. Rest of South America: Flexible Packagings Market –Revenue and Forecast to 2028 (US$ Million) 109
The List of Companies - Flexible Packaging Market
- Amcor plc
- Huhtamaki
- Mondi
- Berry Global Inc.
- Sealed Air
- Sonoco Products Company
- Coveris
- Constantia Flexibles
- Flexpak services
- Transcontinental Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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