Flexible Industrial Packaging Sector: Growth Drivers and Challenges
Growth Drivers
- Escalating penetration in the food & beverage sector - Flexible wrapping options improve flavor and maintain freshness. These useful packaging choices may effectively manage any kind of edible product, liquid or solid. For edible goods, flexible packaging has several uses and provides an environmentally responsible option.
71% of the demand for converted flexible packaging was met by the food markets in 2016, and by 2021, it was predicted that this share would increase to USD 15.5 billion. Flexible pouches are replacing rigid packaging containers for goods with high-liquid contents, such as soups.
- High demand in the pharmaceutical sector - The pharmaceutical sector is an excellent opportunity to diversify and innovate for the flexible packaging industry.
The pharmaceutical packaging sector is showing strong growth as a result of increasing health awareness, increased production units, and demand for convenient packaging, which also means that flexible packaging will continue to be sought in the future. In 2021 the world pharmaceutical sector is estimated to be worth USD 1,256,863 million at an ex-factory price.
Challenges
- Escalating raw material prices - Paperboard, paper, plastic, polymers, films, and glues are some of the main raw materials employed by flexible packaging manufacturers. In recent years, particularly about the prices of these raw materials, the flexible packaging cost has seen a significant increase. Moreover, due to the reduced supply, prices for polypropylene used in packaging films, resins, and bottles have been increasing.
- Growing competition from alternatives is predicted to hamper the market growth in the future times.
- Concern regarding the environment and recycling to hamper the flexible industrial packaging market expansion in the forecast period
Flexible Industrial Packaging Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.9% |
|
Base Year Market Size (2024) |
USD 81.28 billion |
|
Forecast Year Market Size (2037) |
USD 151.38 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of cannabidiol is assessed at USD 84.47 billion.
The flexible industrial packaging market size was valued at USD 81.28 billion in 2024 and is expected to reach USD 151.38 billion by 2037, registering around 4.9% CAGR during the forecast period i.e., between 2025-2037. The market growth can be ascribed to escalating use in the pharmaceutical sector and growing demand in the food and beverage sector.
Asia Pacific industry is set to account for largest revenue share of 48% by 2037, due to its wide use in the pharmaceutical sector as it protects materials and products from damage, contamination as well as environmental factors.
The major players in the market are Aluflexpack AG, Amcor plc, Mondi, Sonoco Products Company, Uflex Ltd. , Huhtamäki Oyj, Flexibles Industrial Packages Co( SAOC)., HOSOKAWA YOKO Co., Ltd., Constantia Flexibles, Berry Global Group, Inc.
