Flexible Plastic Packaging Market to Reach CAGR of 5.2% – Forecast 2022

The report [215 pages] "Flexible Plastic Packaging Market by Type (Stand-Up Pouches, Flat Pouches, Gusseted Bags, Wicketed Bags, Wraps, Rollstock), Material (Plastic Films, Paper, Aluminum Foil, Bioplastics), Printing Technology, Application, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from USD 102.19 Billion in 2017 to reach USD 131.65 Billion by 2022, at a CAGR of 5.2%.

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The stand-up pouches segment is estimated to account for the largest share in 2022, mainly because of the growing consumption of food & beverage, dairy, and cosmetics products. Stand-up pouches are appealing as well as functional as they offer various features such as zipper re-seal, slider closure, and release valves. The growing healthcare industry also provides an opportunity to the market to grow further due to the rising consumption of over-the-counter products for which stand-up pouches are used, especially in the emerging markets of Asia-Pacific and South America.

Raw materials such as plastic films, aluminum foil, paper, and bioplastic are used for flexible packaging. Plastic films are further categorized into polyethylene, polypropylene, PVC, BOPET, EVOH, polyamide, and polystyrene. They offer excellent visibility to the product and provide secure and attractive packaging options. It is primarily used in the packaging of food & beverage products as it protects them from oxidation and also provides extended shelf life to the product.

Table of Contents

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights 

5 Market Overview

6 Industry Trends

7 Macro Economic Overview

8 Flexible Plastic Packaging Market, By Type

9 Flexible Plastic Packaging Market, By Material

10 Flexible Plastic Packaging Market, By Printing Technology

11 Flexible Plastic Packaging Market, By Application

12 Flexible Plastic Packaging Market, By Region

13 Competitive Landscape

14 Company Profiles

15 Appendix

In 2016, the Asia-Pacific region accounted for the largest share in the total market for flexible plastic packaging, in terms of value, followed by North America and Europe, owing to manufacturers’ focus on developing low-cost flexible plastic packaging options. The Asia-Pacific region is projected to register the highest growth during the forecast period; this is attributed to the large customer base for FMCG products and consumer durables, due to the growth in population in countries of this region; this, in turn, is expected to lead to the growth of the flexible plastic packaging market. The flexible plastic packaging market in the North American region is developed and matured; the markets in the U.S. and Canada are projected to grow the highest rates from 2016 to 2022.

The market ecosystem involves various stakeholders in the flexible plastic packaging market. It starts with the raw material suppliers such as Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Constantia Flexibles Group GmbH (Austria), Sealed Air Corporation (U.S.), and Huhtamäki Oyj (Finland), that are the manufacturing companies of the flexible plastic packaging. The next level in the chain involves the assembly team that is monitored by the manufacturers such as Coveris Holdings S.A. (U.S.), Sonoco Products Company (U.S.), Berry Plastics Group, Inc. (U.S.), Mondi Group (Austria), Reynolds Group Holdings (New Zealand), and Reynolds Group Holdings (Netherlands). It is followed by the marketing and sales of the finished products, which is only possible if an efficient distribution channel is developed. Finally, the end products are distributed to the consumers.

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