ASEAN Flexible Packaging Market Size & Share, by Type {Bags (Gusseted, Wicketed Bags), Pouches (Retort, Vacuum, Stand-Up)}; Layer (Multi-Layer, Mono Layer); Material (Polypropylene, Polyethylene, Polystyrene, Nylon) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4489
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

ASEAN Flexible Packaging Market size is poised to cross USD 12000 million by the end of 2033, growing at a CAGR of 5% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of ASEAN flexible packaging was over USD 6000 million. The growth of the market can primarily be attributed to the rising prevalence of e-commerce worldwide. It is estimated that in 2021, the e-commerce sales were valued at about USD 5 trillion across the globe.

Global ASEAN flexible packaging market trends such as, significant growth in the retail sector and rising inclination toward online shopping are projected to influence the growth of the market positively over the forecast period. For instance, the sales generated by the retail sector across the globe was estimated to hit approximately USD 25 trillion in 2021. Additionally, rising disposable income and growing awareness of personal care are further anticipated to push the growth of the market throughout the forecast period. The disposable income of the United states was projected to reach around 55,000 U.S. dollars per capita while the disposable income of India was estimated to drop to around 29,00,000 in the similar year. Hence, all these factors are expected to propel the market growth during the forecast period.

ASEAN Flexible Packaging Market Overview
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ASEAN Flexible Packaging Sector: Growth Drivers and Challenges

Growth Drivers

  • Booming Demand for Ready-to-Eat Meals - In 2020, more than 35% of American population was anticipated to be consuming ready-to-eat meals. The global population is becoming more inclined to purchase ready-to-eat meal since it takes less time and effort to be prepared. Ready-to-eat meal is prepared in way so the health properties of the food can remain for a longer period. Packaging of such type of food becomes important because it can help in preserving the nutrition and taste of the food. Hence such a higher demand is anticipated to accelerate the growth of the market over the forecast period.
  • Growing Production of Polyethylene to Boost the Market Growth- As of 2019, the gross production of the polyethylene was estimated to be around 20,000 metric tons solely in the USA.
  • Increasing Utilization of Nylon - For instance, approximately 550,000 metric tons of nylon were produced in 2019.
  • Higher Demand for Flexible Packaging in Cosmetics Industry- It is observed that in 2022, the cosmetics segment across the globe projected to generate a total revenue of USD 5.50 billion.


  • Increment in the Solid Waste Produced by Packaging Materials
  • Presence of the Alternatives in the Market
  • Disrupted Supply-Chain due to COVID-19

ASEAN Flexible Packaging Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~USD 6000 Million

Forecast Year Market Size (2033)

~USD 12000 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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ASEAN Flexible Packaging Segmentation

Type {Bags (Gusseted, Wicketed Bags), Pouches (Retort, Vacuum, Stand-Up)}

The global ASEAN flexible packaging market is segmented and analyzed for demand and supply by type into bags and pouches, out of which, the bags segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the rising utilization of bags in countless activities. For instance, in 2022, the bags & container segment was valued at about USD 40 billion.

Our in-depth analysis of the global market includes the following segments:

     By Type

  • Bags
  • Gusseted
  • Wicketed Bags
  • Pouches
  • Retort
  • Vacuum
  • Stand-Up
  • Others

      By Layer

  • Multi-Layer
  • Mono Layer

      By Material

  • Polypropylene
  • Polyethylene
  • Polystyrene
  • Nylon
  • Others

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ASEAN Flexible Packaging Industry - Regional Synopsis

Regionally, the global ASEAN flexible packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2033. The growth of the market in the region can be ascribed to the growing demand in the food and beverage industry of the region. For instance, in 2022, the food & drink segment in the region was estimated to reach approximately USD 28 million. Additionally, higher penetration of the key players in the region is further estimated to hike the market growth during the forecast period.

Research Nester
ASEAN Flexible Packaging Market Size
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Companies Dominating the ASEAN Flexible Packaging Landscape

    • AR Packaging Group AB 
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Amcor Limited
    • Prepack Thailand Co., Ltd.
    • Constantia Flexibles Group GmbH
    • Berry Global Inc.
    • Sonoco Products Company
    • Mondi plc
    • Sealed Air Corporation
    • Ardagh Group S.A.
    • Tetra Laval Group

In the News

  • Constantia Flexibles Group GmbH to talk about more sustainable packaging solutions for goods at PACK EXPO 2022. PACK EXPO International is a prestigious trade show that allows multiple companies to exhibit their ideas and solutions.

  • Amcor Limited, the company associated with the development of responsible packaging solutions, announces about its investment in ePac Flexible Packaging. The investment has been made to expand the market area of Amcor.

Author Credits:  Sadaf Naaz, Mohd Shadab

  • Report ID: 4489
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Higher demand for flexible packaging in cosmetics industry is estimated to majorly boost the market growth.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2033.

Increment in the solid waste produced by packaging materials is estimated to challenge the market growth.

The market in North America region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Amcor Limited, Prepack Thailand Co., Ltd., Constantia Flexibles Group GmbH, Berry Global Inc., Sonoco Products Company, Mondi plc, Sealed Air Corporation, Ardagh Group S.A., and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, layer, material, and by region.

The bags segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
ASEAN Flexible Packaging Market Report Scope

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