Flexible Paper Packaging Global Market Report 2024

The global flexible paper packaging market has grown strongly in recent years. It will grow from $63.28 billion in 2023 to $66.91 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. Historical growth can be attributed to the influence of sustainability trends, the increasing consumer preference for convenience, regulatory shifts favoring eco-friendly solutions, the preference for lightweight packaging, the impact of urbanization and changing lifestyles, efforts to reduce carbon footprints, and the emphasis on recyclability and the circular economy.

The global flexible paper packaging market is expected to see strong growth in the next few years. It will grow to $82.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period is driven by innovations in material science, the expansion of e-commerce, heightened demand in emerging markets, initiatives to reduce packaging waste, consumer education efforts, and the need for resilient supply chains. Major trends expected during this period encompass circular economy initiatives, innovations in barrier coatings for packaging, a focus on convenience and portability in packaging design, reduction of packaging waste, evolving design trends, and technological advancements in printing techniques, and increased collaborations and partnerships within the industry.

The increasing demand for processed foods is a key driver propelling the growth of the flexible paper packaging market. This packaging solution effectively safeguards processed food products from various sources of contamination or tampering. Notably, in South Korea, a government poll showed a significant surge in processed food sales, with more households purchasing these products 2-3 times per week, marking a 3.1% rise from the previous year. This shift in consumer behavior is significantly contributing to the demand for flexible paper packaging.

Urbanization significantly impacts the flexible paper packaging market by catering to the packaging needs of a growing urban population. Flexible paper packaging meets the demands of urban living due to its lightweight, portable, and eco-friendly characteristics, suitable for various consumer products, from food to personal care items. The World Bank's data illustrates the ongoing global trend, with over 50% of the population residing in urban areas in 2022 and an anticipated increase to 6 billion by 2045. This urban shift is a major driver for the flexible paper packaging market.

Innovations in product technology drive the flexible paper packaging market, with companies launching new products and technologies to maintain their market positions. For example, Xeikon introduced the TITON technology, a new toner formulation offering the benefits of UV inks without associated drawbacks. This innovation caters to a broader range of applications, ensuring sustainability and safety, especially for food-based packaging, without the need for additional coatings or varnishing.

Major companies are adopting mono-material technology as an innovative and sustainable approach to flexible packaging. This technology ensures recyclability, product protection, and affordability without compromising on quality. Huhtamäki Oyj's development of monomaterial technology showcases three material alternatives - paper, polyethylene (PE), and polypropylene (PP) Retort offering strong protective barriers and recyclability. This innovation aims to provide consumers with affordable, high-quality packaging for food and household essentials while ensuring product protection and sustainability.

In February 2022, Sealed Air Corporation, a prominent US-based packaging company, successfully acquired Foxpak Flexibles Ltd. The financial specifics of the acquisition were not disclosed. This strategic move is anticipated to propel Sealed Air's digital trajectory by introducing innovations and advancements in smart packaging solutions for leading global enterprises. The acquisition reflects Sealed Air's commitment to investing in cutting-edge technologies and strategic business approaches to drive rapid growth. Foxpak Flexibles Ltd., headquartered in Ireland, specializes in manufacturing flexible packaging products catering to various markets, including food, pet care, sports nutrition, hot beverages, snacks, and frozen foods. Through this acquisition, Sealed Air aims to leverage Foxpak Flexibles Ltd.'s expertise and diverse market services, potentially enhancing its own capabilities and offerings in the smart packaging sector. This strategic alignment signifies Sealed Air's dedication to innovation and its strategic investment in technologies to expand its position as a frontrunner in providing advanced packaging solutions to a wide array of industries.

Major companies operating in the flexible paper packaging market report are Amcor Limited, Mondi PLC, Sonoco Products Company, Sealed Air Corporation, Huhtamaki Oyj, Sappi Limited, DS Smith PLC, Coveris Holding SA, Sabert Corporation, Wihuri International Oyj, International Paper Company, Nippon Paper Industries Co. Ltd., WestRock Company, Georgia-Pacific LLC, KapStone Paper and Packaging Corp., Ahlstrom-Munksjö Oyj, Aluflexpack AG, Ardagh Group S.A, Ball Corporation, Berry Global Inc., Constantia Flexibles Group GmbH, Crown Holdings Inc., Graphic Packaging International Corporation, Silgan Holdings Inc., Smurfit Kappa Group PLC, Stora Enso Oyj, Transcontinental Inc., Accredo Packaging Inc., American Packaging Corporation, Ampac Holdings LLC, Bemis Company Inc., Bischof + Klein SE & Co. KG, Flex Films Inc., Flexopack SA, Glenroy Inc., Innovia Films Ltd., Interflex Group Inc., Jindal Films Americas LLC, Kloeckner Pentaplast India Pvt. Ltd., and LPS Industries LLC.

North America was the largest region in the flexible paper packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible paper packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the flexible paper packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Primary packaging types within flexible paper packaging include pouches, roll stock, shrink sleeves, wraps, and others. Flexible pouches, as single-use containers, are typically composed of plastic, metal foil, and occasionally paper. Various printing technologies such as rotogravure, flexography, digital printing, and others are utilized across applications in food, spirits, beverages, healthcare, beauty, personal care, and various other sectors.

This report provides flexible paper packaging market statistics, including flexible paper packaging industry global market size, regional shares, competitors with flexible paper packaging market share, detailed flexible paper packaging market segments, market trends, and opportunities, and any further data you may need to thrive in the flexible paper packaging industry. This flexible paper packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The flexible paper packaging market consists of sales of coated kraft paper, uncoated kraft paper, sack kraft paper, gift wraps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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