Flexible Paper Packaging Market to Witness a Stunning at 4.2% CAGR by 2026| MarketsandMarkets™

Posted by Jack Martin on March 14th, 2023

Flexible paper packaging is a type of packaging made of paper, cardboard, or other flexible materials. It is used to store a variety of products such as food, beverages, pharmaceuticals, and other consumer goods. Flexible paper packaging is gaining popularity due to its lightweight and cost-effective nature, as well as its ability to be easily customized to fit the product it is carrying. Because of its eco-friendliness, convenience, and affordability, flexible paper packaging is becoming more popular. It is also becoming more popular due to its ability to be easily customized to fit the product and brand, making it an appealing marketing tool. The global flexible plastic packaging market size is projected to grow from USD 160.8 billion in 2020 to USD 200.5 billion by 2025, at a CAGR of 4.5% during the forecast year.

Since it is the largest manufacturer and user of flexible paper packaging materials, the Asia-Pacific region is predicted to dominate the worldwide flexible paper packaging market. Additionally, it is anticipated that the region's growing e-commerce market and rising need for food and drink will fuel demand for flexible paper packaging. The need for flexible paper packaging in the region is also anticipated to be driven by factors such as the expanding population, rising disposable income, and accelerating urbanisation. Moreover, the market is anticipated to benefit from the rising demand for packaging options that are both convenient and environmentally friendly.

The flexible plastic packaging market has thousands of companies that thrive in their domestic market. A few of the major players are, Berry Global Inc. (US), Sealed Air Corporation (US), Amcor (Australia), Sonoco (US), Mondi (Austria), Sealed Air Corporation (US), Coveris (Australia), Clondalkin Group (The Netherlands), Transcontinental Inc. (Canada), Constantia Flexibles (Austria) and others.

Amcor (Australia) is a key manufacturer of flexible plastic packaging products & services, and it offers a range of flexible plastic packaging products. Amcor aims to provide innovative solutions that are eco-friendly and meet consumer expectations. The company caters to the food, healthcare, beverage, home, tobacco, and personal care industries through its broad range of flexible packaging products. The company through its strategic developments aims to strengthen its customer base and product offering globally. 

Berry Global Inc. is one of the key manufacturers and suppliers of a range of rigid and flexible plastic packaging products. Berry Global focuses on expanding its customer base in various regions by offering attractive products for flexible plastic packaging. The company emphasizes on delivering high-quality tailor-made solutions to its customers and on manufacturing products that are designed using the latest unique manufacturing technologies. The company adopts various strategic initiatives to expand and accelerate its market presence and strengthen its customer base across the world.