Flexible Packaging Market

The market for flexible packaging is approximated to be USD 291.56  billion in 2024, and it is projected to reach USD 368.82 billion by 2029, at a CAGR of 4.8%.

Any component of a package that can easily alter shape is said to be flexible packaging. Bags, pouches, shrink film, tubes, sachets, roll stocks, and sleeves are typical types of flexible packaging. Manufacturers can produce appealing packages with the use of flexible packaging. These packages provide greater convenience to consumers. Flexible packaging is also a type of eco-friendly packaging. These substitutes include stiff packaging made of cardboard, glass, and other materials.

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Food and beverage, consumer and household goods, pharmaceutical and medical, healthcare, cosmetics and toiletries, retail non-food, industrial applications, nutritional and supplement products, agricultural, horticulture, and veterinary and pet foods are the main market sectors for flexible packaging.

The demand for flexible packaging is mainly furnished by global players manufacturing for various end-use industries. Some of the leading companies involved in the manufacturing of flexible packaging are Huhtamaki Oyj (Finland), Berry Global Group Inc. (US), Amcor Limited. (Australia), Mondi Group.(UK), and Sonoco Products Company (US). These companies, amongst many other regional players, fulfill the requirements globally for flexible packaging products.

Huhtamaki Oyj  (Finland) provides packaging solutions to the food and beverage, household and personal care, and medical industries. Standardized items, customized designs, as well as all-inclusive packaging solutions and systems, are offered by this company. The company operates through four business segments, namely, North America, flexible packaging, Foodservice Europe-Asia-Oceania, and fiber packaging. It serves packaging products to the cosmetics market through its flexible packaging segment. The company has a strong foothold  globally, with 107 locations in 37 countries.

Berry Global Group Inc (US) is a well-known international provider of plastic packaging goods  with a focus on consumer-oriented end markets. The four business divisions are engineered materials; consumer packaging international; consumer packaging North America; and health, hygiene, & specialty. The company sells its products predominantly into stable, consumer-oriented end markets, such as the healthcare, personal care, and food & beverage industry.

Amcor plc (Australia) is a global packaging manufacturer that offers innovative packaging solutions. The company operates through two business groups, namely, flexibles and rigid plastics.The flexible business of Amcor Limited is one of the world’s largest producers and suppliers of flexible packaging products and speciality folding cartons. The flexible packaging business produces several products for beverage, food, medical,  pharmaceutical, personal care, cosmetics, and other industries.

Other companies have initiated the following developments:

• In April 2024, Berry Global announced the acquisition of F&S Tool, a specialized provider of high-efficiency hot runner injection and high-volume compression molding solutions. F&S Tool operates a 90,000- square-foot facility in Erie, Pennsylvania. This acquisition strengthens company's capabilities with disruptive technologies to support a wide range of plastics manufacturing applications.
• In August 2023, Amcor PLC  acquired Phoenix Flexibles, expanding its capacity in the high-growth Indian market. Phoenix Flexibles has one plant located in Gujarat, India. It generates annual revenue of approximately USD 20 million from the sale of flexible packaging for food, home care and personal care applications.
• In April 2022, Huhtamaki Oyj introduced Push Tab® blister lid, a first-to-market, mono-material PET blister lidding that is free of aluminum.
• In January 2022, Huhtamaki Oyj acquired full ownership of its Polish joint venture firm, Huhtamaki Smith Anderson sp. z o.o, from Smith Anderson Group Ltd. At Huhtamaki's location in Czeladz, Poland, the company makes and sells food service paper bags across Eastern Europe.
• In August 2023, Amcor announced the launch of AmFiber™ performance paper packaging, part of the company’s AmFiber portfolio.
• In November 2023, WestRock launched its expanded range of PETCollar®, a fiber-based, multipack clip solution for PET bottles.

Related Reports:

Flexible Packaging Market by Packaging Type (Pouches, bags, roll stock, films & wraps), Printing Technology (Flexography, Rotogravure, Digital Printing), Application, Material (Paper, Plastic, Metal), and Region - Global Forecast to 2029

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