Flexible Packaging Market Size & Share to Surpass $319.9 Billion by 2028 | Vantage Market Research

Vantage Market Research
·6 min read
Vantage Market Research, The North Star for the Working World
Vantage Market Research, The North Star for the Working World

WASHINGTON, Jan. 31, 2023 (GLOBE NEWSWIRE) -- According to the report published by Vantage Market Research, the global Flexible Packaging Market garnered $ 248.5 Billion in 2021, and is estimated to generate $ 319.9 Billion by 2028, manifesting a CAGR of 4.3% from 2022 to 2028. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

Get Access to the In-depth Free Sample Report @ https://www.vantagemarketresearch.com/flexible-packaging-market-1833/request-sample

Scope of the Report:

Report Attributes

Details

Market Size in 2021

USD 248.5 Billion

Revenue Forecast by 2028

USD 319.9 Billion

CAGR

4.3% from 2022 to 2028

Base Year

2021

Forecast Year

2022 to 2028

Key Players

Berry Global Inc., Amcor PLC, FlexPak Services LLC, Mondi Group, Sealed Air Corporation, Constantia Flexibles, Transcontinental Inc., Coveris Holding SA, Huhtamaki, Sonoco

Customization Options

Customized purchase options are available to meet any research needs. Explore customized purchase options

Market Dynamics:

Drivers:

Cost-Effectiveness and Increased Product Shelf-Life

Flexible Packaging Market is in higher demand due to consumers' increasingly hectic lifestyles and growing need for handy items. Flexible Packaging Market is more cost-effective than other types of packaging because it uses fewer resources and energy during the packaging process. Additionally, flexible packs cost less to produce and take up 35% less retail shelf space. The production of 780,000 flexible pouches uses 87% less coal, 74% less natural gas, and 64% less crude oil than the production of rigid clamshell containers, according to Robbie Fantastic Flexibles, a member of the Flexible Packaging Market Association. Additionally, consumers' preferences have gradually shifted from using conventional home cooking methods to purchasing packaged goods.

Flexible Packaging Market utilizes less energy and less natural resources and emits fewer greenhouse gases during production. Up to 40% of the food consumed in the US in 2016 went to waste, according to the Natural Resources Defense Council. Flexible Packaging Market extends product shelf life and decreases product waste. For example, bananas packaged in flexible plastic ripen more slowly, extending shelf life. While maintaining or improving product protection, this sort of packing can be done with the least amount of packaging, which lowers product warehousing and transportation costs.

Sustainable and New Flexible Packaging Market Solutions

Manufacturers have been prompted to create new packaging solutions due to the dynamic changes in the sector, such as implementing new regulatory initiatives. Manufacturers have designed sustainable packaging choices that are safe and secure in response to growing environmental concerns about the use of biodegradable polymers for flexible packaging. Manufacturers are looking toward sustainable packaging options that use fewer resources and energy during production, need less money for transportation, and provide products with a longer shelf life to ease cost pressure and preserve the integrity of product packages.

To reduce trash, governments all over the world are promoting the use of sustainable packaging. The UK made strides in 2018 to take the top spot in the world for sustainable packaging. The government challenged inventors to create packaging that would lessen the adverse environmental effects of toxic plastics, with an expenditure of USD 80 million (£60 million). In order to assist minimize trade barriers and lessen the environmental impact of packaging waste, Europe has adopted the Packaging and Packaging Waste Directive. This directive requires the EU States to ensure that packaging is appropriately recovered and recycled and that the number of hazardous materials used in packaging is maintained to a minimum.

List of Prominent Players in Flexible Packaging Market:

  • Berry Global Inc.

  • Amcor PLC

  • FlexPak Services LLC

  • Mondi Group

  • Sealed Air Corporation

  • Constantia Flexibles

  • Transcontinental Inc.

  • Coveris Holding SA

  • Huhtamaki

  • Sonoco

For Additional Information on Flexible Packaging Market Players and Detail List, Download a Report PDF Brochure

The report on Flexible Packaging Market highlights:

  • Assessment of the market

  • Premium Insights

  • Competitive Landscape

  • COVID Impact Analysis

  • Historic Data, Estimates, and Forecast

  • Company Profiles

Recent Developments:

In May 2020, Berry Global Group, Inc. announced its collaboration with the long-time customer, Mondelez International, to supply packaging containing recycled plastic for Philadelphia, the world’s most popular cream cheese. The package contains plastic material recovered using advanced recycling technology from Berry’s partnership with SABIC, announced earlier this year.

In March 2020, Berry Global Group, Inc. announced the investment of USD 30 million to increase its production capacity of ultra-high-performance stretch films. The investment is allocated for new lines and upgrades to existing assets in nine of the company’s North American locations that currently manufacture stretch films.

Limited Time Offer | Buy this Premium Research Report with Exclusive Discount and Immediate Delivery@ https://www.vantagemarketresearch.com/buy-now/flexible-packaging-market-1833/0

Regional Analysis:

Asia Pacific is expected to dominate the growth of Flexible Packaging Market in 2021. Asia Pacific is predicted to steer the Flexible Packaging Marketplace proportion due to improving global economy, expanding working population, and rising domestic demand for ready-to-eat & convenience food products. Additionally, due to the functional qualities offered by Flexible Packaging Market, such as safety, cost-effectiveness, durability, strength, lightweight, environmental friendliness, and handling convenience, the market for Flexible Packaging Market in Asia Pacific is expanding in the food, beverage, pharmaceutical, and personal care & cosmetics industries.

Browse market data Tables and Figures spread through 145 Pages and in-depth TOC on Flexible Packaging Market Forecast Report (2022-2028).

Global Flexible Packaging Market Segmentation

By Materials

  • Paperboards

  • Plastics

  • Aluminum Foils

  • Other Materials

By Packaging Types

  • Stand-up Pouches

  • Films

  • Bag-in-Box

  • Other Packaging Types

By End Users

  • Food & Beverage

  • Personal Care

  • Pharmaceutical

  • Household Care

  • Industrial

  • Other End Users

By Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

Customization of the Report:

The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

Browse More Reports from Vantage Library:

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies.

Follow Us on: LinkedIn | Twitter | Facebook | YouTube

Contact us

Eric Kunz

6218 Georgia Avenue NW Ste 1 - 564

Washington DC 20011-5125

United States Tel: +1 202 380 9727

Email: sales@vantagemarketresearch.com

Website:

https://www.vantagemarketresearch.com/

Latest Vantage Market Research Press Releases

Latest Vantage Market Research Blog

Vantage Market Research All Reports

Blog:


Latest Stories

  • South Africa's Q1 consumer confidence plunges as power crisis weighs

    South Africa's consumer confidence plunged in the first quarter, according to a survey released on Thursday, as the country continued to be plagued by severe power shortage and a cost-of-living crisis. The consumer confidence index, sponsored by the First National Bank (FNB) and compiled by the Bureau for Economic Research, slumped to a reading of minus 23 points, from minus 8 points in the fourth quarter of 2022. The first-quarter plunge is the lowest on record since 1994 and indicative of extreme concerns among consumers about South Africa's economic prospects and their household finances, according to the survey.

  • Will Newfoundland and Labrador stay in the black? Provincial budget expected today

    ST. JOHN'S, N.L. — Newfoundland and Labrador's provincial budget will be presented today, following an unexpectedly rosy fiscal update last October. The budget is expected to show a surplus of about $479 million for the current fiscal year ending March 31, which would be the province's first surplus in more than a decade. But when Finance Minister Siobhan Coady announced the surprise surplus last October, she warned it was largely due to unexpected tax revenue and may not be repeated in today's

  • FICO UK Credit Card Market Report: January 2023

    LONDON, March 23, 2023--New data from FICO on UK card trends appears to reflect the contrasting picture of the economy. January saw inflation slightly pegged back compared to the end of 2022; retail sales also improved marginally in the new year. In a similar vein, the FICO data shows that many of those consumers missing one credit card payment in December continued to struggle with their debts in the new year, with a marked increased in two missed payments. However, the balance for two missed p

  • Aqara Releases Video Doorbell G4 with Facial Recognition to Global Markets

    NEW YORK, March 23, 2023--Aqara announces the wide availability of the Company’s first smart video doorbell, the G4, on global markets.

  • 8x8 Named Computing’s DevOps Excellence Awards 2023 Winner for Best Automation Project

    LONDON, March 23, 2023--8x8, Inc. (NASDAQ: EGHT) announces it has been named Computing’s DevOps Excellence Awards 2023 winner for Best Automation Project.

  • Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market Size to Surpass US$ 205 Million by 2030 - Growth Plus Reports

    Newark, New Castle, USA, March 23, 2023 (GLOBE NEWSWIRE) -- According to the latest report published by Growth Plus Reports, the global small intestinal bacterial overgrowth (SIBO) diagnostics market is expected to clock US$ 205 million by 2030 and to grow at a CAGR of 4.3% during the forecast period. Owing to new diagnostic practices introduced in the market. This exclusive information is published by Growth Plus Reports in its report titled “Small Intestinal Bacterial Overgrowth (SIBO) Diagnos

  • HighGold Mining Announces C$7 Million Non-Brokered Private Placement Financing

    Vancouver, British Columbia--(Newsfile Corp. - March 23, 2023) - HighGold Mining Inc. (TSXV: HIGH) (OTCQX: HGGOF) ("HighGold" or the "Company") is pleased is pleased to announce that it intends to raise gross proceeds of up to C$7 million in a non-brokered private placement financing of up to 10,606,060 common shares of the Company (each, a "Common Share") at a price of $0.66 per Common Share (the "Offering"). The net proceeds of the Offering are ...

  • REPLY: "Everything can become a digital asset" Is the Paradigm Resulting From Reply's ‘Digital Assets Trends’ Research

    TURIN, Italy, March 23, 2023--The digital asset market is growing exponentially. Thanks to blockchain technology and the new generation of operators using tokenization platforms, it is possible to turn everything that can be digitally archived into a digital asset, with recognised value and established ownership. This is what emerges from Reply's new ‘Digital Assets Trends’ research, based on the Reply SONAR platform. By analysing industry studies, scientific articles, patents, documents, and B2

  • European Mainframes Are Getting a Makeover

    LONDON, March 23, 2023--Enterprises in Europe are seeking innovative, cost-effective ways to combine mainframe dependability with the flexibility of the cloud, ISG says.

  • Parks Canada says new reservation system working well as bookings open in busy Banff

    CALGARY — Parks Canada says its new online reservation system to book camping sites and other activities at national parks appears to have worked well during its first week of operations. The site was recently updated to fix an older one that was prone to crashes and glitches. The new system has different reservation dates from mid-March to mid-April at each national park, historic site and marine conservation area, which are listed on the Parks Canada website. Bookings started in British Columb

  • Innocan Pharma Reports Successful Results of Efficacy Test for Vaginal Derma Product

    Herzliya, Israel and Calgary, Alberta--(Newsfile Corp. - March 23, 2023) - Innocan Pharma Corporation (CSE: INNO) (FSE: IP4) (OTCQB: INNPF) (the "Company" or "Innocan") a pharmaceutical technology company focusing on developing innovative wellness products, announced today the successful results of a controlled efficacy test (the "Trial") regarding its vaginal derma product (the "Product").The results of the Trial demonstrate that Innocan's Product, which contains cannabinoids, phytoestrogens, h

  • Helen Mirren’s Shoes Featured the Darling but Divisive Detail That All the Cool Girls Are Wearing

    Shop the look starting at $27.

  • U.S. President Joe Biden arrives in Ottawa today for a two-day working visit

    U.S. President Joe Biden will touch down in Ottawa Thursday for his first official state visit to Canada since winning the presidency more than two years ago — and the trip could be an opportunity for the two countries to cut some deals. Biden's two-day visit starts tonight with a meeting with the King's representative in Canada, Gov. Gen. Mary Simon. Other planned events include Biden's address to Parliament on Friday, a series of meetings with Prime Minister Justin Trudeau and other high-level

  • Nova Scotia expected to table budget today with focus on health care — again

    HALIFAX — Nova Scotia's Progressive Conservatives will table the second budget of their mandate today, and the focus is expected once again to be on health care. Ever since Premier Tim Houston's party was elected to govern in August 2021, the government has made its central mission repairing a health-care system beset by long wait-lists and an ever-growing list of people without a doctor. Houston has been on a health-care spending spree in recent weeks. He committed $59 million to set up a medic

  • Keller Group plc's (LON:KLR) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

    It is hard to get excited after looking at Keller Group's (LON:KLR) recent performance, when its stock has declined 17...

  • Ukraine-Russia war latest: Russia makes gains in north-east - but commanders fear major offensive

    Russia has made 'several kilometres' of gains in the north-east and is likely to try and recapture Kupiansk, according to British military intelligence.

  • ukraine russia war news latest putin zelensky bakhmut kyiv

    Russia has made 'several kilometres' of gains in the north-east and is likely to try and recapture Kupiansk, according to British military intelligence.

  • Israel passes law protecting Netanyahu as protests continue

    Israel's parliament on Thursday passed the first of several laws that make up its contentious judicial overhaul as protesters opposing the changes staged another day of demonstrations aimed at ringing an alarm over what they see as the country's descent toward autocracy. Prime Minister Benjamin Netanyahu's coalition approved legislation that would protect the Israeli leader from being deemed unfit to rule over his corruption trial and claims of a conflict of interest surrounding his involvement in the legal changes. Critics say the law is tailor-made for Netanyahu, encourages corruption and deepens a gaping chasm between Israelis over the judicial overhaul.

  • Deadline for prospective buyers of Manchester United has been extended

    A cut-off of 9pm on Wednesday had initially been set for parties to submit revised offers and, after this was extended, both Ratcliffe and Sheikh Jassim both intend to meet the new deadline. Ineos founder Ratcliffe and Sheikh Jassim bin Hamad Al Thani, the chairman of Qatar Islamic Bank and the son of a former Qatari prime minister, are the only bidders who have gone public with their intentions to complete a full takeover.

  • ‘Scary experience’ for rent protesters removed from university building

    One student said they were woken at 5am on Wednesday morning by bailiffs, describing the experience as ‘terrifying’.