Flexible Packaging Market Size & Share, by Type (Bags & Pouches, Rollstocks, Wraps); Material (Plastic, Paperboard, Aluminium Foil PET Films); Printing Technology (Digital, Flexography, Rotogravure); End-user (Food & Beverage, Cosmetics, Pharmaceuticals, Automotive) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4644
  • Published Date: Feb 15, 2023
  • Report Format: PDF, PPT

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

Flexible Packaging Market size is estimated to cross USD 100 Billion 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 flexible packaging was USD 65 Billion. The growth of the market can primarily be attributed to the growing demand for cosmetics, boosting the demand for eCommerce sales, and the utilization of all types of products by people across the globe to maintain their skin and hair. As per the estimations, in the United States alone about USD 50 billion is spent on cosmetics every year with USD 240 to USD 300 for one month. Cosmetic manufacturers love flexible packaging, as it helps to pack liquid forms of products without spillage or leak issues. Creams, lotions, oils, and spray tan liquids are packed using flexible packaging, which reduces cost and occupies less space in warehouse and on salon counters. Additionally, flexible packaging helps to minimize carbon emissions into the environment, making it ecofriendly and a consumer preference.

Global flexible packaging market trends such as the growing consumption of ready-to-drink beverages are projected to influence the growth of the market positively over the forecast period. The total sales volume of ready-to-drink alcoholic beverages increased by 38 percent from 2018 to 2022 in the United States. Moreover, the constantly rising demand for beauty products and the escalating inclination of men toward personal grooming are further expected to hike the growth of the market over the forecast period. For instance, around USD 500 billion of revenue was generated by the beauty & personal care segment alone in 2022 across the globe. Such factors are anticipated to hike the growth of the market over the forecast period.

Flexible Packaging Market
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Flexible Packaging Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Flexible Packaging in Pharmaceuticals with the Rising Need to Prevent Damage- As of 2021, the global medicines spending was estimated to spend nearly USD 1.5 trillion.  Flexible packaging is highly required in the pharmaceutical industry since it can preserve medicines and drugs, which is very helpful in the distribution procedure. Flexible packaging can be molded into any shape, making it quite suitable to pack tablets and capsules. Hence, such a higher utilization is expected to push the growth of the flexible packaging market over the forecast period.
  • Increasing Sales of Personal Care Products – There has been rise in the sale of personal care products followed by the increasing concern of people on personal care that also includes oral care products for the oral hygiene. Therefore, it is predicted to boost the market’s growth. In 2022, the total revenue generated by the personal care segment was anticipated to be nearly USD 10 billion across the globe.
  • Higher Demand and Distribution of Ready-to-Eat Food with Long Hours of Work Time - The ready-to-eat meals was valued at more than USD 140 billion in the year 2023 around the world.
  • Remarkable Increment in the Net National Income Which Increases the Spending Capacity of People on Shopping- As per the report published by the World Bank, the adjusted net national income worldwide hit approximately USD 8,000 per capita in 2020.  
  • Spiking Utilization of Flexible Packaging in the Automotive Industry to Replace Metal and Reduce the Weight of Vehicles- For instance, in 2021-22, the global total sales of the passenger cars were estimated to be more than 55 million.


  • Presence of Alternatives in the Market
  • Less Availability of Recycling Infrastructure Facilities - The recycling facilities for flexible packaging are very limited and require experienced personnel to manage the recycling units. Many countries still lack these facilities, which limits the market growth. As per the data of the Organisation for Economic Co-operation and Development, only 9% of the world’s total plastic packaging waste is recycled successfully as of 2022.
  • Disrupted Supply-Chain due to COVID-19

Flexible Packaging Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 65 Billion

Forecast Year Market Size (2033)

~ USD 100 Billion

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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Flexible Packaging Segmentation

Printing Technology (Digital, Flexography, Flexography, Rotogravure)

The global flexible packaging market is segmented and analyzed for demand and supply by printing technology into digital, flexography, rotogravure, and others. Among all the three segments, the digital segment is estimated to garner a significant market share by 2033 owing to the easy printing procedure, precise use of ink, flexibility of the printing machine structure with high speed, and quality printing. The flexible packaging uses digital technology, as it offers a clear and vibrant finish that aids manufacturers. This printing process provides a rich print and a full range of tonal values. Digital printing is gaining huge popularity owing to its low cost, short-run, and sustainable properties. Applications of digital printing include newspaper supplements such as color magazines, catalogs, illustrated images, books, calendars, and advertising material. There were over 7400 magazine consumers in the U.S. in 2020, increasing from 7300 in 2019.

End-user (Food & Beverage, Cosmetics, Pharmaceuticals, Automotive)

The global flexible packaging market is segmented and analyzed for demand and supply by the end-user industry into food & beverage, cosmetics, pharmaceuticals, automotive, and others. Out of which, the pharmaceuticals segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the increasing demand for and utilization of flexible packaging in the pharmaceutical industry. The packaging of medicines is really important to protect the products from loss or damage caused during handling and transport. Medicines must be protected from weather changes, including humidity, heat, and cold. Flexible packaging is extremely flexible and customizable, so it can be tailored to fit the needs of manufacturers. The material used in the manufacturing of flexible packages is high-grade material pouches and stand-up bags which are approved by Food and Drug Administration.

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

              By Type

  • Bags & Pouches
  • Rollstocks
  • Wraps
  • Others


              By Material


  • Plastic
  • Paperboard
  • Aluminum Foil PET Films
  • Others


             By Printing Technology

  • Digital
  • Flexography
  • Rotogravure
  • Others


               By End-User Industry

  • Food & Beverage
  • Cosmetics
  • Pharmaceuticals
  • Automotive
  • Others

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Flexible Packaging Industry - Regional Synopsis

APAC Market Statistics

The Asia Pacific flexible packaging market is projected to hold the largest market share by the end of 2033. The growth of the market in the region can be accounted to the growing demand for food and beverages and increasing use of flexible packaging for drugs, followed by rising healthcare expenditure. For instance, in 2019, the health expenditure of China was estimated to hit nearly USD 500 per capita, while for India, it was estimated to be approximately USD 60 per capita. Such factors are estimated to hike the growth of the market during the forecast period. The increasing demand for ready-to-eat food is very high, as many people work around the clock with less time to cook. Additionally, the healthcare industry uses flexible packaging as it can withstand the sterilization process, which includes agents of ethylene oxide and gamma radiation. The easy-to-open feature of tamper evident stickers helps healthcare workers to slide or unzip the packages. Clear package printing is crucial in the medical sector to read the components, manufacturing, and expiration dates of the product. All these factors are estimated to drive market growth during the forecast period.

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

    • ProAmpac Intermediate, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Amcor Limited
    • Printpack, Inc.
    • Bemis Company, Inc.
    • Huhtamäki Oyj
    • Berry Global Inc., 
    • Glenroy, Inc.
    • Mondi plc
    • DS Smith plc
    • Sealed Air Corporation

In the News

  • Amcor Limited latest technology to focus on reducing the weight in packaging. Amcor Rigid Packaging has designed and developed lightweight technology, Quantum, that was able to reduce about 50% of weight from the packaging.

  • ProAmpac Intermediate, Inc., a leading company in material science and flexible packaging to receive a certificate from Biodegradable Product Institute (BPI). The certificate has been provided to the company for its ProActive Compostable CPM-2000 which is a paper-based laminate for dry fruits.

Author Credits:  Sadaf Naaz, Mohd Shadab

  • Report ID: 4644
  • Published Date: Feb 15, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for flexible packaging in pharmaceuticals 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.

The requirement for higher initial investment is estimated to challenge the market growth.

The market in the Asia Pacific 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, Printpack, Inc., Bemis Company, Inc., Huhtamäki Oyj, Berry Global Inc., Glenroy, Inc., Mondi plc, DS Smith plc, 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, material, printing technology, end-user industry, and by region.

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

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