Flexible Plastic Packaging Market Size & Share, by Material Type (Paper, Plastic Films, Bioplastics, Aluminum Foil); Product Type (Flat Pouches, Gusseted Bags, Wraps, Standup Pouches, Roll Stock); Printing Type (Digital Printing, Flexography); Application (Food & Beverages, Pharmaceuticals, Personal Care) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 1188
  • Published Date: Feb 07, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Flexible Plastic Packaging Market size is poised to cross USD 400 Billion by the end of 2035, growing at a CAGR of 10% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of flexible plastic packaging was over USD 165 Billion. The primary growth factor of the market is increasing awareness about the environmental impact and health hazards posed by traditional rigid packaging. This has resulted in an increased demand for sustainable, reusable, and recyclable forms of packaging. As per recent data, in 2018, 14.5 million tonnes of plastic packaging and containers were produced, or around 5.0 percent of the total amount of MSW (municipal solid trash) that was produced.

Flexible plastic packaging utilizes reduced energy, less natural resources, and produces less greenhouse gas emissions during production. Flexible plastic packaging extends product shelf life and decreases product waste; for instance, bananas packaged in flexible plastic bloom more slowly, extending shelf life. This kind of packaging frequently eliminated as little packing as possible, reducing the cost of product warehousing and shipping while preserving or enhancing product protection. As per World Bank estimates, 250 million metric tonnes of plastic garbage are produced annually, and only around 14% of that plastic is recycled, according to estimates that vary significantly. By 2030, the industry potentially emits 1.34 billion tonnes of greenhouse gases annually, which is the same number of emissions as 300 brand-new 500-megawatt power plants.

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Flexible Plastic Packaging Market: Growth Drivers and Challenges

Growth Drivers

  • Cost-Effectiveness and Longer Product Shelf Life - Cost-efficiency and improved product shelf-life has driven the market for large-scale flexible plastic packaging. Owing to busy lifestyles, the market for convenient products has improved, leading to increased demand for flexible packaging. Flexible plastic packaging requires less energy as well as less money spent on the packaging; moreover, it uses 35 percent less retail shelf space, making it cost-effective compared to other packaging typesAs per the Flexible Packaging Association statistics, in comparison to the production of rigid clamshell containers, 780 000 flexible pouches use 87% less coal, 74% less natural gas, and 64% less crude oil.
  • Increasing Focus on Sustainable Food Production – Sustainable food packaging methods should lead to a total saving of almost 10% of Greenhouse gases, or 370 million tonnes of CO2-equivalent.
  • Rising Demand from the Pharmaceutical Industry – As per flexible packaging association statistics, 9% of flexible plastic packaging includes pharmaceutical and medical uses.
  • Increasing Adoption of Global Food Products and Beverages - According to PMMI (The Association for Packaging and Processing Technologies) statistics, the packaging of snack foods is most frequently made of flexible plastic, although beverages are generally packaged in PET bottles. Both types of packaging are anticipated to increase by tens of billions of units by 2023.


  • Lacking Recycling Solutions in the System - The significant problem facing the plastics recycling industry is the efficient recycling of mixed plastic trash. By extending the post-consumer collection of plastic packaging to include a wider range of materials and pack types, it is possible to recycle a bigger share of the plastic waste stream. Strong potential exists for product design for recycling to support such recycling efforts. According to UK research, between 21 and 40% of the packaging in a typical shopping basket is not possibly be recycled even if it is removed.
  • Durability Issues Related to Flexing and Abrasion
  • Lack of Awareness about the Benefits of Using Flexible Packaging Products

Flexible Plastic Packaging Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

USD 165 Billion

Forecast Year Market Size (2035)

USD 400 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 Plastic Packaging Segmentation

Material Type (Paper, Plastic Films, Bioplastics, Aluminum Foil)

The global flexible plastic packaging market is segmented and analyzed for demand and supply by material type into paper, plastic films, bioplastics, and aluminum foil. Among these segments, the paper segment is anticipated to capture the largest market size in the global flexible plastic packaging market owing to its strong capacity for printing large formats such as boxes and bags at lower costs than other materials types. Out of the 33.9 million tonnes of paper and paperboard recycled in 2018, over 32.1 million tonnes were ribbed boxes. 96.5 percent of corrugated cardboard was recycled. After recycling, 230,000 tonnes of corrugated boxes got burned, and 940,000 tonnes were deposited in landfills in 2018.

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

       By Material Type

  • Paper
  • Plastic Films
  • Bioplastics
  • Aluminum Foil

         By Product Type

  • Flat Pouches
  • Gusseted Bags
  • Wraps
  • Standup Pouches
  • Roll Stock
  • Others

         By Printing Type

  • Digital Printing
  • Flexography
  • Others


          By Application

  • Food & Beverages
  • Pharmaceuticals
  • Personal Care
  • Others

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Flexible Plastic Packaging Industry - Regional Synopsis

Asia Pacific Market Forecast

The Asia Pacific flexible plastic packaging market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. This is primarily attributed to increasing awareness about environmental concerns and the growing demand for sustainable alternatives such as compostable packaging. As per recent data, in total, the Indian packaging business is worth over 32 billion dollars and comprises over 10 lakhs at another through 10,000 firms. Plastics now meet more than 40% of India's packaging demands.

Research Nester
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Companies Dominating the Flexible Plastic Packaging Landscape

    • Syntegon Technology
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Constantia Flexibles Group
    • Sealed Air Corporation
    • Sonoco Products Company
    • Mondi Group
    • Huhtamaki Group
    • ProAmpac
    • Berry Plastics Group, Inc.
    • Amcor Limited

In the News

  • Syntegon Technology, formerly known as Bosch Packaging Group, released a statement announcing that it is partnering up with a European project to promote a circular economy for flexible packaging. REFLEX is a group of companies and organizations representing the value chain of flexible packaging that seeks to create a network for collection, sorting, and reprocessing in Europe by 2025. It is dedicated to the production of ‘Designing for Circular Economy Guidelines’ which has been developed for flexible packaging.

  • Sonoco Products Company, one of the biggest international diversified packaging companies, today announced the receipt of a prequalified label, Check Locally for reusability from How2Recycle for the Natrellis line of food packaging. Tellus Products, LLC is a company that creates USA-grown and made, greenhouse compostable packing materials for food manufacturing products.

Author Credits:  Sadaf Naaz, Mohd Shadab

  • Report ID: 1188
  • Published Date: Feb 07, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Cost-Effectiveness & longer product shelf life, increasing focus on sustainable food production, and rising demand from the pharmaceutical industry are the major factors driving the growth of the aloe vera juice market

The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2035.

Lacking recycling solutions in the system is expected to hinder market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future

The major players in the market are Syntegon Technology, Constantia Flexibles Group, Sealed Air Corporation, Sonoco Products Company, Huhtamaki Group, ProAmpac, Berry Plastics Group, Inc., Amcor Limited, Mondi Group, 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 material type, product type, printing type, application, and by region.

The paper segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Flexible Plastic Packaging Market Report Scope

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