Flexible Plastic Packaging Market Size, Trends and Insights By Product Type (Pouches, Bags & Sacks, Tubes, Sleeve Labels, Films & Wraps), By Packaging Type (Vacuum Skin Packaging, Modified Atmospheric Packaging), By End User (Food & Beverages, Personal Care, Homecare, Pharmaceuticals, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Code: CMI46123
Category: Packaging & Transport
Report Snapshot
Source: CMI
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Sigma Plastics Group
- Amcor plc
- FlexPak Services
- Transcontinental Inc.
- Coveris
- DS Smith
- Others
Reports Description
Global Flexible Plastic Packaging Market was valued at USD 189.8 Billion in 2024 and is expected to reach USD 293.7 Billion by 2033, at a CAGR of 5.1% during the forecast period 2024 – 2033.
The term flexible plastic packaging describes malleable, lightweight substances composed of several kinds of synthetic polymers that are used in packing. Polyethylene (PE), Polycarbonate, Polyethylene Terephthalate (PET), and other materials are examples of these materials.
Flexible Plastic Packaging Market: Growth Factors
To extend food shelf life and decrease food wastage
One important factor propelling the flexible plastic packaging market is the growing emphasis on prolonging food shelf life and decreasing food waste. Superior barrier qualities, lightweight design, and affordability are just a few advantages of flexible plastic packaging, which helps extend the shelf life of perishable foods by shielding them from oxygen, humidity, and other elements that might cause spoiling.
Furthermore, producers can create unique packaging solutions like sealed vacuum bags and reusable pouches because of the flexibility and ease of use of flexible plastic packaging, which helps with food preservation efforts.
Flexible plastic packaging assists in reducing food waste across the supply chain, from manufacturing and transportation to retail and customer consumption, by minimizing food spoilage and prolonging shelf life. This helps solve environmental issues and drive market growth.
For instance, longer shelf lives of food save money and the environment by giving manufacturers more time to pack, choose, transport, distribute, and display their goods. Food loss at the beginning of the chain is immediately decreased by supply chain resilience through preservation. 60% of food waste in emerging economies happens at the beginning of the supply chain before the product reaches the store.
Ecological solution and prevalent usage of bio-plastics
The market for flexible plastic wrapping is being pushed by the growing usage of bio-plastics and the acceptance of environmentally friendly alternatives. Businesses and consumers both are looking for green alternatives to conventional plastic packaging as environmental concerns grow.
Bio-plastics present a possible alternative since they minimize carbon footprint and rely less on fossil fuels. They are created from renewable sources like sugarcane or maize starch. Furthermore, technological developments have improved the functionality and adaptability of bio-plastics, boosting their suitability for a range of packaging applications.
The adoption of environmentally friendly packaging options is also encouraged by laws passed by the government that support sustainability and a circular economy. In response to this, the market for flexible plastic packaging is expanding significantly as producers and retailers switch to more ecologically friendly and sustainable packaging choices.
For instance, three international standards, ASTM D6400-12, ISO 17088:2012, and EN 13432:2000, provide the criteria for biodegradable polymers. In industrial composting facilities, less than 90% of the recyclable polymers must be transformed into carbon monoxide in six months, as per European standard EN 13432:2000.
The manufacture of bioplastics can release around 80% less carbon dioxide than the production of petroleum-based plastics. Additionally, the energy required to produce bioplastics is 65% less than that required to produce plastics made by petrochemicals.
Flexible Plastic Packaging Market: Restraints
Concerns about recycling
The industry for flexible plastic packaging is facing hurdles due to recycling issues. Sustainable packaging options are being pushed for both consumers and regulatory agencies as ecological consciousness rises. Despite being lightweight and adaptable, flexible plastic packaging frequently presents recycling challenges because of its intricate multi-layered construction and the dearth of a centralized recycling facility.
Furthermore, contaminants from various material types and food residues make recycling much more difficult. The widespread use of flexible plastic packaging is hampered by these issues as companies and ecologically conscious customers look for alternatives that offer superior end-of-life options, including recyclable or compostable materials.
Industry participants are funding research and development to increase recyclability, support recycling and collection programs, and investigate cutting-edge packaging components and designs that reduce environmental effects while preserving the advantages of flexible packaging.
Flexible Plastic Packaging Market: Opportunities
Emergent trend of customization in packaging industry
One important factor fuelling the market’s expansion for adaptable plastic packaging is the growing trend of customisation. There is a rising need for distinctive and customized packaging solutions that address particular demands and needs as consumer tastes become more varied and fragmented.
As flexible plastic packaging is naturally adaptable in terms of dimensions, form, design, and performance, customisation is greatly facilitated. Producers may readily customize packaging to match specific product attributes, customer groups, and brand needs, which improves customer loyalty and brand distinctiveness.
Furthermore, enabling personalization are sophisticated designs, vivid colours, and high-quality graphics made possible by developments in printing and labelling technology. In addition, the ease and usefulness of flexible plastic packaging are improved by its capacity to incorporate cutting-edge features like handles, outlets, and zippered closures.
For instance, one of the top providers of personalized packaging is Packhelp, which develops cutting-edge technology to meet the expanding demands of merchants of all stripes in terms of packaging.
Flexible Plastic Packaging Market: Segmentation Analysis
The Global Flexible Plastic Packaging market is segmented by product type, packaging type, end user and region. Based on product type, the market is classified into pouches, bags & sacks, tubes, sleeve labels, films & wraps. Pouches dominated the market in 2023 with a market share of 46.5% and is expected to keep its dominance during the forecast period 2024-2033.
Pouches are a flexible way to package a wide range of goods, such as food, drinks, toiletries, and home goods. Because of their flexibility and low weight, they are easy to use and save money on storage and transportation for both producers and customers.
Furthermore, pouches offer superior barrier qualities that shield goods from light, moisture, air, and other impurities, prolonging shelf life and maintaining product freshness. Additionally, pouches may be customized in terms of dimensions, form, and appearance, which makes it possible to differentiate and mark products in a noticeable way on shop shelves.
In addition, rising demand for portable, green packaging choices and increased environmental awareness spur innovation in pouch design, resulting in the creation of environmentally friendly and sustainable choices such as biodegradable and recyclable materials.
Based on packaging type, the market is classified into vacuum skin packaging and modified atmospheric packaging. Vacuum skin packaging dominated the market in 2023 with a market share of 62.5% and is expected to keep its dominance during the forecast period 2024-2033. Based on its numerous advantages, vacuum skin packaging, or VSP, is a technology that is propelling expansion in the flexible plastic packaging industry.
By sealing food goods tightly, VSP prolongs their shelf life, maintains their freshness, and improves their appearance. This wrapping technique minimizes oxygen exposure, stops food from spoiling, and preserves product quality, all of which reduce food waste. VSP also makes effective material usage possible, which lessens the impact on the environment and packaging waste.
Flexible plastic films used in VSP provide exceptional product visibility because of their clarity and transparency, which draws customers and increases the attractiveness of packed items. Additionally, VSP’s adaptability allows for packaging in a range of sizes and forms to meet the needs of numerous sectors and product requirements.
Based on end user, the market is classified into food & beverages, personal care, home care, pharmaceuticals and others. Food & beverages dominated the market in 2023 with a market share of 40.8% and is expected to keep its dominance during the forecast period 2024-2033.
The flexible plastic packaging is quite popular among food and beverage makers for wrapping a variety of items, such as snacks, drinks, dairy, and meal kits, due to its ease and adaptability. Furthermore, because it its compactness, flexible plastic packaging lowers the cost of shipping, increases the shelf life of perishable items, and provides customisable branding and marketing choices.
Additionally, the food and beverage industry’s need for flexible plastic packaging is fuelled by customer demands for single-serving and on-the-go options for packaging.
Moreover, by tackling ecological issues and legal obligations within the food and beverage industry, breakthroughs in material science as well as green efforts, such as the creation of recyclable and biodegradable plastic films, are propelling steady development in the flexible plastic packaging sector.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 189.8 Billion |
| Projected Market Size in 2033 | USD 293.7 Billion |
| Market Size in 2023 | USD 187.2 Billion |
| CAGR Growth Rate | 5.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Packaging Type, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Flexible Plastic Packaging Market: Regional Analysis
By region, Flexible Plastic Packaging market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia-Pacific dominated the global Flexible Plastic Packaging market in 2023 with a market share of 38.6% and is expected to keep its dominance during the forecast period 2024-2033.
Demand for packaged merchandise, such as food, drinks, and personal hygiene items, has surged due to Asia-Pacific’s fast development. Furthermore, driving the need for elastic plastic packaging options is the expanding middle-class population in nations like India, China, and Southeast Asia, which increases the intake of packaged goods.
Additionally, the area has a sizable industrial base and cheaper production costs, which make it a top choice for multinational producers trying to streamline their supply chains. The Asia-Pacific flexible plastic packaging marketplace is also expanding as a result of technical developments and improvements in packaging materials and procedures, as manufacturers adapt to changing customer demands for product distinctiveness, long-term sustainability, and simplicity.
Flexible Plastic Packaging Market: Recent Developments
- In August 2023, Sealed Air Corporation launched its food-safe packaging solution, called Cryovac Grip & Tear. The purpose of this approach is to facilitate customers’ ability to access and reseal food packaging.
- In August 2023, Amcor plc acquired Phoenix Flexibles. To increase its market share in India, Amcor plc has four packing plants.
- In September 2022, Berry declared a collaboration with Mars Incorporated to debut pantry-sized treats in polyethylene terephthalate, also called PET, jars that are lighter in weight and have 15% post-consumer resin.
List of the prominent players in the Flexible Plastic Packaging Market:
- Sigma Plastics Group
- Amcor plc
- FlexPak Services
- Transcontinental Inc.
- Coveris
- DS Smith
- American Packaging Corporation
- InterFlex Group
- FLEX-PACK ENGINEERING INC.
- Innovia Films
- Cosmo Films
- Novolex
- Mondi Group
- Huhtamaki Flexible Packaging
- Sonoco Products Company
- Constantia Flexibles
- Bemis Manufacturing Company
- UKrMetal
- ProAmpac
- Berry Global Inc
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Flexible Plastic Packaging Market is segmented as follows:
By Product Type
- Pouches
- Bags & Sacks
- Tubes
- Sleeve Labels
- Films & Wraps
By Packaging Type
- Vacuum Skin Packaging
- Modified Atmospheric Packaging
By End User
- Food & Beverages
- Personal Care
- Homecare
- Pharmaceuticals
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Flexible Plastic Packaging Market, (2024 – 2033) (USD Billion)
- 2.2 Global Flexible Plastic Packaging Market: snapshot
- Chapter 3. Global Flexible Plastic Packaging Market – Industry Analysis
- 3.1 Flexible Plastic Packaging Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 To extend food shelf life and decrease food wastage
- 3.2.2 Ecological solution and prevalent usage of bio-plastics
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Packaging Type
- 3.7.3 Market Attractiveness Analysis By End User
- Chapter 4. Global Flexible Plastic Packaging Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Flexible Plastic Packaging Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Flexible Plastic Packaging Market – Product Type Analysis
- 5.1 Global Flexible Plastic Packaging Market Overview: By Product Type
- 5.1.1 Global Flexible Plastic Packaging Market Share, By Product Type, 2023 and 2033
- 5.2 Pouches
- 5.2.1 Global Flexible Plastic Packaging Market by Pouches, 2024 – 2033 (USD Billion)
- 5.3 Bags & Sacks
- 5.3.1 Global Flexible Plastic Packaging Market by Bags & Sacks, 2024 – 2033 (USD Billion)
- 5.4 Tubes
- 5.4.1 Global Flexible Plastic Packaging Market by Tubes, 2024 – 2033 (USD Billion)
- 5.5 Sleeve Labels
- 5.5.1 Global Flexible Plastic Packaging Market by Sleeve Labels, 2024 – 2033 (USD Billion)
- 5.6 Films & Wraps
- 5.6.1 Global Flexible Plastic Packaging Market by Films & Wraps, 2024 – 2033 (USD Billion)
- 5.1 Global Flexible Plastic Packaging Market Overview: By Product Type
- Chapter 6. Global Flexible Plastic Packaging Market – Packaging Type Analysis
- 6.1 Global Flexible Plastic Packaging Market Overview: By Packaging Type
- 6.1.1 Global Flexible Plastic Packaging Market Share, By Packaging Type, 2023 and 2033
- 6.2 Vacuum Skin Packaging
- 6.2.1 Global Flexible Plastic Packaging Market by Vacuum Skin Packaging, 2024 – 2033 (USD Billion)
- 6.3 Modified Atmospheric Packaging
- 6.3.1 Global Flexible Plastic Packaging Market by Modified Atmospheric Packaging, 2024 – 2033 (USD Billion)
- 6.1 Global Flexible Plastic Packaging Market Overview: By Packaging Type
- Chapter 7. Global Flexible Plastic Packaging Market – End User Analysis
- 7.1 Global Flexible Plastic Packaging Market Overview: By End User
- 7.1.1 Global Flexible Plastic Packaging Market Share, By End User, 2023 and 2033
- 7.2 Food & Beverages
- 7.2.1 Global Flexible Plastic Packaging Market by Food & Beverages, 2024 – 2033 (USD Billion)
- 7.3 Personal Care
- 7.3.1 Global Flexible Plastic Packaging Market by Personal Care, 2024 – 2033 (USD Billion)
- 7.4 Homecare
- 7.4.1 Global Flexible Plastic Packaging Market by Homecare, 2024 – 2033 (USD Billion)
- 7.5 Pharmaceuticals
- 7.5.1 Global Flexible Plastic Packaging Market by Pharmaceuticals, 2024 – 2033 (USD Billion)
- 7.6 Others
- 7.6.1 Global Flexible Plastic Packaging Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Flexible Plastic Packaging Market Overview: By End User
- Chapter 8. Flexible Plastic Packaging Market – Regional Analysis
- 8.1 Global Flexible Plastic Packaging Market Regional Overview
- 8.2 Global Flexible Plastic Packaging Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Flexible Plastic Packaging Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Flexible Plastic Packaging Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Flexible Plastic Packaging Market, 2024 – 2033 (USD Billion)
- 8.4 North America Flexible Plastic Packaging Market, by Product Type, 2024 – 2033
- 8.4.1 North America Flexible Plastic Packaging Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.5 North America Flexible Plastic Packaging Market, by Packaging Type, 2024 – 2033
- 8.5.1 North America Flexible Plastic Packaging Market, by Packaging Type, 2024 – 2033 (USD Billion)
- 8.6 North America Flexible Plastic Packaging Market, by End User, 2024 – 2033
- 8.6.1 North America Flexible Plastic Packaging Market, by End User, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Flexible Plastic Packaging Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Flexible Plastic Packaging Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Flexible Plastic Packaging Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Flexible Plastic Packaging Market, by Product Type, 2024 – 2033
- 8.8.1 Europe Flexible Plastic Packaging Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Flexible Plastic Packaging Market, by Packaging Type, 2024 – 2033
- 8.9.1 Europe Flexible Plastic Packaging Market, by Packaging Type, 2024 – 2033 (USD Billion)
- 8.10 Europe Flexible Plastic Packaging Market, by End User, 2024 – 2033
- 8.10.1 Europe Flexible Plastic Packaging Market, by End User, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Flexible Plastic Packaging Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Flexible Plastic Packaging Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Flexible Plastic Packaging Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Flexible Plastic Packaging Market, by Product Type, 2024 – 2033
- 8.12.1 Asia Pacific Flexible Plastic Packaging Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Flexible Plastic Packaging Market, by Packaging Type, 2024 – 2033
- 8.13.1 Asia Pacific Flexible Plastic Packaging Market, by Packaging Type, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Flexible Plastic Packaging Market, by End User, 2024 – 2033
- 8.14.1 Asia Pacific Flexible Plastic Packaging Market, by End User, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Flexible Plastic Packaging Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Flexible Plastic Packaging Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Flexible Plastic Packaging Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Flexible Plastic Packaging Market, by Product Type, 2024 – 2033
- 8.16.1 Latin America Flexible Plastic Packaging Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Flexible Plastic Packaging Market, by Packaging Type, 2024 – 2033
- 8.17.1 Latin America Flexible Plastic Packaging Market, by Packaging Type, 2024 – 2033 (USD Billion)
- 8.18 Latin America Flexible Plastic Packaging Market, by End User, 2024 – 2033
- 8.18.1 Latin America Flexible Plastic Packaging Market, by End User, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Flexible Plastic Packaging Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Flexible Plastic Packaging Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Flexible Plastic Packaging Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Flexible Plastic Packaging Market, by Product Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Flexible Plastic Packaging Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Flexible Plastic Packaging Market, by Packaging Type, 2024 – 2033
- 8.21.1 The Middle-East and Africa Flexible Plastic Packaging Market, by Packaging Type, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Flexible Plastic Packaging Market, by End User, 2024 – 2033
- 8.22.1 The Middle-East and Africa Flexible Plastic Packaging Market, by End User, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Sigma Plastics Group
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Amcor plc
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 FlexPak Services
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Transcontinental Inc.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Coveris
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 DS Smith
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 American Packaging Corporation
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 InterFlex Group
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 FLEX-PACK ENGINEERING INC.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Innovia Films
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Cosmo Films
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Novolex
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Mondi Group
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Huhtamaki Flexible Packaging
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Sonoco Products Company
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Constantia Flexibles
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Bemis Manufacturing Company
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 UKrMetal
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 ProAmpac
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Berry Global Inc
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 Sigma Plastics Group
List Of Figures
Figures No 1 to 28
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Sigma Plastics Group
- Amcor plc
- FlexPak Services
- Transcontinental Inc.
- Coveris
- DS Smith
- American Packaging Corporation
- InterFlex Group
- FLEX-PACK ENGINEERING INC.
- Innovia Films
- Cosmo Films
- Novolex
- Mondi Group
- Huhtamaki Flexible Packaging
- Sonoco Products Company
- Constantia Flexibles
- Bemis Manufacturing Company
- UKrMetal
- ProAmpac
- Berry Global Inc
- Others
FAQs
The restraints of the Flexible Plastic Packaging market is concerns about recycling.
The major driver for the Flexible Plastic Packaging market is to extend food shelf life and decrease food wastage and ecological solution and prevalent usage of bio-plastics.
The “Vacuum Skin Packaging” category dominated the market in 2023.
The key players in the market are Sigma Plastics Group, Amcor plc, FlexPak Services, Transcontinental Inc., Coveris, DS Smith, American Packaging Corporation, InterFlex Group, FLEX-PACK ENGINEERING INC., Innovia Films, Cosmo Films, Novolex, Mondi Group, Huhtamaki Flexible Packaging, Sonoco Products Company, Constantia Flexibles, Bemis Manufacturing Company, UKrMetal, ProAmpac, Berry Global Inc, Others.
“Asia-Pacific” had the largest share in the Flexible Plastic Packaging Market.
The global market is projected to grow at a CAGR of 5.1% during the forecast period, 2024-2033.
The Flexible Plastic Packaging Market size was valued at USD 189.8 Billion in 2024.
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