Global Flexible Packaging Paper Market Definition
Flexible packaging is any package whose shape can readily be changed during use. Flexible packaging paper replaces fossil-based plastic packaging with bio-based materials. The materials meet the necessary performance to ensure the preservation of food and offer good end-of-life alternatives, such as biodegradability and recyclability. This trend is driven by regulations and consumers considering environmental concerns and looking for sustainable packaging. It allows for more economical and customizable options. Materials such as cellulose are becoming an ideal choice in the flexible packaging industries.
This packaging technique produces pouches, bags, and other flexible product containers using a variety of flexible materials, such as plastic and paper, as well as foil. Flexible packaging paper requires less base material compared to typical rigid packaging, which enhances manufacturing time and reduces electricity use. Flexible packaging provides significantly more customization options than just the outer appearance. In addition to this, many flexible packaging materials are developed to be recyclable and reusable.
Flexible packaging safeguards items from fungus, moisture, UV rays, dust, and other environmental contaminants that can damage the product's quality and shorten its shelf life. Furthermore, since such packaging is less bulky and lightweight than conventional methods, thus, customers can buy, transport, and store items with greater ease. A wide range of consumer, governmental, and industrial items are preserved, advertised, and distributed using flexible packaging. This type of packaging is widely used for single-serve food products. Consumers are pushing product makers to provide sustainable solutions. Organizations are now transitioning to an eco-friendly substitute to limit the use of plastic packaging. Therefore, flexible paper packaging is gaining more attention as consumers actively choose environmentally friendly products.
Global Flexible Packaging Paper Market: Key Insights
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~ USD 45 Billion |
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Forecast Year Market Size (2033) |
~ USD 60 Billion |
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Regional Scope |
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Global Flexible Packaging Paper Market Size, Forecast, and Trend Highlights Over 2023 - 2033
The global flexible packaging paper market is estimated to garner a revenue of ~USD 60 billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market garnered revenue of ~USD 45 billion in the year 2022. The growth of the market can be attributed to the increased spending on medicines as well as the higher utilization of flexible packaging paper in medicine packaging. For instance, as of 2021, the total spending on medicines across the globe was estimated to be around USD 1.5 trillion. Moreover, the escalating demand for packaged food as a result of a change in lifestyle, along with growing traction for sustainable packaging solutions across the globe, is also expected to add to the market growth.
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In addition to these, factors that are believed to fuel the market growth of flexible packaging paper include the rise in demand for eco-friendly packaging, coupled with their cost effectiveness, and the high rising trend of ready-to-eat food. These some of the other key factors that are projected to propel the market growth over the coming years. Additionally, flexible packaging paper market trends such as the higher inclination of the global population toward personal care and hygiene, along with a surge in technological advancement that is boosting the novel innovative solutions in the packaging sector, and rising demand for flexible packaging in the electronic industry are projected to further influence the growth of the market positively over the forecast period.
Global Flexible Packaging Paper Market: Growth Drivers and Challenges
Growth Drivers
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Rising Demand for Flexible Packaging Paper in Pharmaceuticals – Based on a report, the pharmaceutical industry was projected to be around USD 1.5 trillion in 2021. The pharmaceutical industry comprises the discovery, development, production, packaging, and distribution of medicines and drugs. The medicines and drugs are supplied from country to country for consumption by patients. Therefore, the proper demand for packaging these medicines emerges in the market, resulting in higher utilization of flexible packaging paper.
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Worldwide Escalation in the Ready-to-Eat Food Industry - Ready-to-eat, instant food mix is gaining popularity as such food is most convenient for those people who have a hectic work schedule. Ready-to-eat food products are one of the best alternatives to traditional cooking that saves a lot of time. Such benefits have made these meals highly demanded by working people and students. Therefore, the surging demand for instant food has been increasing the growth ratio of the ready-to-eat food industry across the globe, which is further estimated to positively affect the flexible packaging paper market in the coming years. For instance, the global value of the ready-to-eat food industry is expected to be approximately USD 198 billion by 2026.
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Growing Inclination of Men Toward Makeup and Cosmetics - As of 2020, it was estimated that nearly 60% of men were using makeup or concealer across the globe.
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Increasing Production and Demand for Skin & Hair Care Products – For instance, in 2022, the skin care segment across the globe was projected to be nearly USD 8 billion.
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Worldwide Growth in Retail E-Commerce – For instance, global retail e-commerce sales were estimated to be around USD 6 trillion in 2021. By 2026, this amount is estimated to propel nearly 58%, totaling roughly USD 9 trillion.
Challenges
- Possibility of Negative Impact on the Environment – As packaging paper often ends up in landfills, taking up more space than plastic. Also, the paper has poor barrier properties and offers less of a barrier to oxygen, light, and microbes than other packaging materials. Hence, this factor is estimated to hamper the market growth over the projected time frame.
- Disrupted Supply Chain Owing to COVID-19
- Lack of Awareness and Proper Investment
Market Segmentation
The global flexible packaging paper market is segmented and analyzed for demand and supply by end-user into agriculture, consumer goods, food & beverages, cosmetics & personal care, and others. Out of these five types of end-user segments, the food & beverages segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be attributed to the rising demand and trade volume of food and beverage across the globe, along with higher demand for ready-to-eat meals and beverages which requires sustainable packaging. For instance, in 2022, the global food segment was estimated to generate total revenue of USD 15 billion. Besides this, increasing consumption of frozen food and dairy product is another significant factor that is anticipated to boost segment’s growth in the market further over the projected time frame.
The global flexible packaging paper market is also segmented and analyzed for demand and supply by material type into coated unbleached kraft paperboard, coated recycled paper, and solid bleached sulfate. Amongst these three types of segments, the coated unbleached kraft paperboard segment is estimated to show prominent growth over the forecast period on the back of its high usability in several end-use industries as a result of its excellent printability, and tear strength. Besides this, the coated unbleached kraft paperboard is very economical as compared to its other alternatives. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global flexible packaging paper market includes the following segments:
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By Material Type |
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By Packaging Type |
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By Paper Type |
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By End-User |
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Global Flexible Packaging Paper Market Regional Synopsis
The Asia Pacific flexible packaging paper market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the dynamically increasing food and beverage industry, along with the surge in the demand for packaged food products. For instance, in 2020, packaged food sales figures in China totaled over USD 288 billion. Rice, pasta & noodles, dairy, and savory snacks were the top packaged food categories in terms of sales value. Further, an upsurge in the disposable income of the populace, and rising investment in the packaging industry in several countries in the region are some other significant factors that are projected to expand the market growth further throughout the forecast period in the region. In addition to this, an increasing count of facilities for the production of flexible packaging paper, the availability of raw materials, and low-cost labor are also anticipated to boost the market growth in the region during the forecast period.
Furthermore, the North American flexible packaging paper market, is also estimated to display notable market growth by the end of 2033. The growth of the market can be attributed to the growing research and development activities, followed by the escalating inclination of people toward cosmetics and rising disposable income. For instance, the cosmetics segment in the United States was estimated to reach approximately USD 18 billion in 2022. Furthermore, an escalating ratio of packaged food consumption, along with the higher count of government initiatives to promote sustainable packaging coupled with surging environmental concerns are also estimated to further boost the market growth in the region in the coming years in the region.
Top Featured Companies Dominating the Global Flexible Packaging Paper Market
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Mondi plc
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Smurfit Kappa Group
- JK Paper Limited
- Sappi Europe SA
- Packaging Corporation of America (PCA)
- International Paper Company
- Billerud AB
- WestRock Company
- Nippon Paper Industries Co., Ltd.
- Canadian Kraft Paper Industries Limited
