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Global Flexible Packaging Market Size

Global Flexible Packaging Market size was valued at USD 260.40 billion in 2021 and is poised to grow from USD 261.05 billion in 2022 to USD 362.47 billion by 2030, growing at a CAGR of 4.8% during the forecast period (2023-2030).

Swetachakraborty
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Global Flexible Packaging Market Size

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  1. Global Flexible Packaging Market Size, Share, Growth Analysis, By TypeBy End-User- Industry Forecast 2023- 2030 Global Flexible Packaging Market size was valued at USD 260.40 billion in 2021 and is poised to grow from USD 261.05 billion in 2022 to USD 362.47 billion by 2030, growing at a CAGR of 4.8% during the forecast period (2023-2030). The growth of the flexible packaging market is driven by the increasing demand for packaged food, which offers convenience and cost-effectiveness. Flexible packaging provides the advantages of plastic, paper, and aluminium foil without compromising printability, durability, barrier protection, freshness, or ease of use. In addition, flexible packaging has gained popularity due to its environmental benefits, as it uses less material, energy, and water during manufacturing and takes up less space in landfills. The demand for compact packaging has boosted the pouch and flexible bag segment, attracting new market entrants. The rise in sustainable packaging solutions due to regulatory pressures has also contributed to the surge in demand for flexible packaging. The US market is a significant

  2. player in the flexible packaging industry, driven by major application industry players and the high market penetration of ready-to-eat meals due to busy lifestyles. Flexible packaging is widely used in food product packaging, such as snacks, dairy, and smoothies. The increase in packaged food consumption globally, driven by consumer lifestyle changes and food processing innovations, has propelled the demand for flexible packaging. The adoption of flexible packaging formats such as pouches has significantly reduced material and transportation costs, improving profit margins for application industry players. Moreover, stand-up pouches serve as a marketing tool in supermarkets, with more space for graphics to entice consumers, attracting application industries such as food and beverage and cosmetics. The flexible packaging market is driven by the advantages it offers, such as sustainability, convenience, and cost- effectiveness, making it an attractive option for packaging solutions.

  3. Global Flexible Packaging Market Segmental Analysis The Global Flexible Packaging market is segmented by type, end-user, and region. Based on type, the market can be segmented into pouches, and bags. Based on end-user, the market is segmented into food and beverage, and pharmaceuticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

  4. View-More https://www.skyquestt.com/report/flexible-packaging- market Flexible Packaging Market Top Player’s Company Profiles •Amcor Limited (Australia) •Berry Global Inc. (US) •Constantia Flexibles Group GmbH (Austria) •Coveris Holdings S.A. (Luxembourg) •Huhtamaki Oyj (Finland) •Sealed Air Corporation (US) •Mondi Group (Austria) •UFlex Limited (India) •ProAmpac Holdings Inc. (US) •Sigma Plastics Group Inc. (US) •Novolex Holdings, LLC (US) •Winpak Ltd. (Canada) •Glenroy, Inc. (US) •Gualapack S.p.A. (Italy) •Bemis Company, Inc. (US) •Wipak Group (Finland) •Bischof + Klein SE & Co. KG (Germany)

  5. •Schur Flexibles Group (Austria) •Mondi plc (UK) •Transcontinental Inc. (Canada) About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com LinkedIn Facebook Twitter

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