The Global Flexible Plastic Packaging Market is estimated to reach USD 152.5 Billion by 2025 at a CAGR of 4.8 %, says forencis research (FSR). Flexible packaging is replacing the traditional rigid packaging due to numerous advantages which include convenience in handling and disposal, savings in transportation costs, etc. Flexible packaging consists of monolayer as well as multilayer films of plastics. Multi-layered laminated sheets of plastics consist of Polyethylene, Polypropylene, Polyethylene Terephthalate, and Polyvinyl Chloride. Surging demand for flexible plastic packaging from food & beverage, healthcare, and cosmetic industries are boosting the growth of the market.
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Flexible Plastic Packaging Market: Drivers & Restraints
- Growing Demand from End-User
Food & beverage and healthcare are the major users of flexible plastic packaging. Growth of the market in food & beverage is dominant, as it ensures extended food quality, safety, and shelf life. Spend on packed foods is increasing owing to the increase in per capita income, increasing population, and urbanization, globally. Besides food & beverage, healthcare is also a major user of flexible plastic packaging. The pharmaceutical industry relies more on the packaging and regulations to protect and promote their products, in order to meet increasing regulations.
Afore said factors are expected to drive the demand of flexible plastic packaging market, globally during the forecast period.
- Growing Environmental Concerns
With increasing flexible plastic packaging the percentage of solid waste streams also increases and it poses environmental challenges. Improper disposal of plastics pouches and bags, leads to water pollution, disturbance of soil microbe activity, and the release of poisonous chemicals further harms human health and the entire ecosystem. This is considered a major threat to the environment, public health and is projected to hamper the growth of the market during the forecast period.
- Increasing Focus on Innovative and Cost-Effective Packaging Materials
New products in flexible packaging such as vacuum pouch, high-temperature retort pouch, stand-up pouch, etc. can lead to the changing flexible plastic packaging trends. Moreover, the emerging Nano-coated technology in the packaging of the food & beverage products is also expected to create new market opportunities for the key players.
Such factors coupled with increasing innovations in the packaging industry is expected to drive the flexible plastic packaging market, during the forecast period.
Flexible Plastic Packaging Market: Key Segments
- Key Segments by Type include: Zipper Lock Pouches, Stand-Up Pouches, Crinkly Wrappers and Bags, and Others
- Key Segments by Material include: Polypropylene, Polyvinyl Chloride, Polyethylene, Polystyrene, Polyethylene Terephthalate, Biopolymer, and Others
- Key Segments by End User include: Food & Beverages, Healthcare, Personal Care, and Others
- Key Regions Covered include: North America, Europe, Asia-Pacific, Middle East & Africa, and South Americawith individual country-level analysis.
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Global Flexible Plastic Packaging Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Flexible Plastic Packaging Market, by Type
- Zipper Lock Pouches
- Stand-Up Pouches
- Crinkly Wrappers and Bags
Flexible Plastic Packaging Market, by Material
- Polyvinyl Chloride
- Polyethylene Terephthalate
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Flexible Plastic Packaging Market, by End User
- Food & Beverages
- Personal Care
Flexible Plastic Packaging Market, by Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
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