The Global Flexible Paper Packaging Market size is expected to reach $81 billion by 2027, rising at a market growth of 4.1% CAGR during the forecast period.
Packaging is frequently described as a cost-effective way to provide protection, convenience, confinement, and compliance to a product throughout storage, transit, display, and use. Flexible packaging is a type of container composed of elastic, yielding substances that can be moulded into a variety of forms. Flexible packaging, which combines the highest quality of film, aluminium, and paper, and foil to give a broad range of protective properties, is one of the fastest expanding divisions of the packaging business. These adaptable packages can take the form of a pouch, liner, bag, or overwrap and work with any style of packaging.
A flexible package is a container or package composed of elastic or easily yielding substances that can be easily altered in shape when filled or closed. They should be used to preserve, advertise, and distribute a wide range of items in consumer and institutional products, as well as in industrial applications. Flexible packaging is made out of a variety of materials such as paper, foil, and plastic film, and it usually comes in the form of a bag, liner, film, lidding, overwrap, sleeve, pouch, rollstock, or wrap.
Flexible paper packaging is lighter in weight, more cost-effective, and uses less material than other types of packaging, hence the market for it is likely to develop significantly in the future. The flexible paper packaging market's rapid expansion may be ascribed to its high efficiency and low cost. Food and beverage, homecare, personal care, and healthcare are among businesses that benefit from flexible packaging. However, the market's growth may be hampered by issues such as high manufacturing costs and capital expenditure in flexible paper packaging.
The coronavirus, which is quickly spreading over the world, has had a devastating impact on all enterprises and manufacturing industries. Longer lockdowns and interrupted supply chains have had a significant impact on the flexible packaging paper sector. Manufacturers have faced challenges as a result of the drop in flexible packaging paper output during the COVID-19 epidemic. In the flexible packaging paper industry, key market players are looking for ways to overcome these obstacles. Market participants are effortlessly contributing to the establishment of their enterprises in order to keep the economy functioning in the face of the ongoing scenario of COVID-19 pandemic.
Manufacturing businesses' strategic approach to the flexible packaging paper industry has resulted in significant revenue prospects. Furthermore, flexible packaging paper is gaining in popularity due to its cost-effectiveness, durability, and low weight. In addition, the growing usage of flexible packaging paper in a variety of end-use sectors is fueling market expansion. To achieve a competitive advantage, industry participants in the flexible packaging paper trade are expanding their manufacturing capabilities.
Flexible packaging uses less resources and energy to package; as a result, flexible packs are less expensive and take up 35 percent less retail shelf space, making them more cost-effective than alternative packaging options. Flexible paper packaging consumes less natural resources, produces less energy, and emits fewer greenhouse gases. Flexible paper packaging lowers product waste and extends shelf life; for example, potatoes, mushrooms, and onions wrapped in flexible paper packaging mature more slowly because excess moisture is absorbed and the product is kept dry. Flexible paper packaging uses the least amount of packing feasible, minimising storage and transportation costs while preserving or increasing product protection.
Governments and organisations are likely to play a key role in influencing the industry by enacting strict laws and standards to protect the environment and encourage recyclable paper-based choices. Reduce, reuse, and recycle is a big issue for the environment, and recyclable packaging is a big part of it. It's also a significant step in the direction of more ecologically friendly packaging. The packaging market has an impact on personal personal care, pharmaceuticals, food and beverage, healthcare and personal care. This is projected to increase the worldwide recyclable packaging industry in the long term.
The pulp and paper business, being one of the world's major industrial sectors, has a huge impact on worldwide forests. This industry, which produces items like office and catalogue paper, tissue, glossy paper, and paper-based packaging, consumes 13-15 percent of overall wood usage and consumes 33-40 percent of all industrial wood traded internationally. Some pulp and paper businesses' forest practises have had disastrous consequences for some of the world's most ecologically significant regions and species. Unauthorized harvesting, human rights and social disputes, and irresponsible plantation growth have all been linked to unsustainable pulp and paper enterprises.
Based on Embellishing Type, the market is segmented into Hot Foil, Cold Foil, and Others. Hot foil is expected to be the most popular embellishment type in the flexible paper packaging industry. Food and drinks (especially confectionery such as luxury chocolate, liquor and wine bottles, and other premium delicacies), electronics, banknotes, cosmetics, business cards, and greeting cards and artwork are among the industries where hot foil decoration is most commonly used.
Based on Printing Technology, the market is segmented into Flexography, Digital Printing, Rotogravure, and Others. The process of rotogravure printing entails embossing a design on a cylinder. The design or pattern is printed on the poly mailers using a rotary printing press. This approach should be utilised if your company wants thousands of poly mailers to be printed. The printing quality is indisputable, and it's especially suitable for large orders.
Based on Packaging Type, the market is segmented into Pouches, Rollstock, Shrink Sleeves, Wraps and Others. Pouches are expected to dominate the flexible paper packaging market in terms of value by 2026. Pouches are becoming more popular due to their versatility, low weight, and simplicity of transport. The food packaging and e-commerce industries are driving more demand for sachets. Unformed pouch fabric with product details pre-printed on it makes up printed roll stock. It is, in essence, any type of packing product coming on a roll. These rolls will be made, filled, and sealed by a co-packer.
Based on Application, the market is segmented into Food & Beverages, Healthcare, Beauty & Personal Care and Others. Insulation, healthcare, and cosmetics are some of the non-food applications of flexible packaging. Flexible packaging has also been boosting demand in the nutraceutical and pharmaceutical sectors, since it offers them with a sustainable and recyclable polymer-based alternative. Due to rising demand for child-resistant packaging and senior-friendly functions, the flexible packaging market in healthcare is predicted to develop. The need for flexible packaging in the personal care business is being driven by hair care, skin care, and bathing goods.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 62.2 Billion |
| Market size forecast in 2027 | USD 81 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 4.1% from 2021 to 2027 |
| Number of Pages | 288 |
| Number of Tables | 484 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Embellishing Type, Printing Technology, Packaging Type, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, the APAC region held the highest market share. China, India, and ASEAN nations, which are witnessing significant expansion in their construction sectors, are gaining traction for flexible paper packaging in APAC. Increased governmental and private sector investments, rising population, an expanding economy, and increasing disposable income all contribute to the expansion of these businesses.
Free Valuable Insights: Global Flexible Paper Packaging Market size to reach USD 81 Billion by 2027
The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; Sealed Air Corporation, Mondi Plc and Amcor Plc are the forerunners in the Flexible Paper Packaging Market. Companies such as DS Smith Plc, Sappi Limited and Sonoco Products Company are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sealed Air Corporation, Amcor Plc, Mondi Plc, Sappi Limited, DS Smith Plc, Coveris Management GmbH (Sun Capital Partners, Inc.), Sabert Corporation, Wihuri International Oy, Sonoco Products Company, and Huhtamaki Oyj.
By Embellishing Type
By Printing Technology
By Packaging Type
By Application
By Geography
The flexible paper packaging market size is projected to reach USD 81 billion by 2027.
Increased product shelf life and cost-effectiveness are driving the market in coming years, however, deforestation limited the growth of the market.
Sealed Air Corporation, Amcor Plc, Mondi Plc, Sappi Limited, DS Smith Plc, Coveris Management GmbH (Sun Capital Partners, Inc.), Sabert Corporation, Wihuri International Oy, Sonoco Products Company, and Huhtamaki Oyj.
The Flexography segment acquired maximum revenue share in the Global Flexible Paper Packaging Market by Printing Technology 2020, thereby, achieving a market value of $32.7 billion by 2027.
The Shrink Sleeves segment has high growth rate of 4.8% during (2021 - 2027).
The Asia Pacific is the fastest growing region in Global Flexible Paper Packaging Market by Region 2020, and would continue to be a dominant market till 2027.
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