Flexible packaging combines the best qualities of plastics and films. These adaptable packaging solutions provide a practical solution at a low cost of manufacture. Flexible packaging is a significant component in the supply chain of numerous sectors and products, ranging from consumer items to electronics, cosmetics, and medical supplies. Flexible packaging increases the value and marketability of both food and non-food products by combining the best attributes of plastic, film, paper, and aluminium foil to give a wide range of protective capabilities while using the least amount of material.
Increase in demand for snack and convenience foods in small or single size portions fuels the growth of the flexible foil packaging market. The packaging industry is moving toward flexible packaging, owing to its multi-fold energy and environmental advantages. Flexible packaging combines the qualities of plastic, paper, and aluminium foil without sacrificing the freshness, barrier protection, durability, printability, or simplicity of use of the product. With these advantages of flexible packaging, growth of the market will grow during the forecast period. However, recycling of plastic packaging waste is a complex process that requires state-of-the-art infrastructural facilities. It is a time-consuming process that needs personnel expertise. This may hamper the growth of the flexible packaging market.
The global flexible packaging market is divided into four sections: material, package type, end-use industry, and region. The market is divided into three sections according on material: paperboard, plastic, and aluminium foil. Packaging types include stand-up pouches, films, bag-in-boxes, and others. Food and drinks, personal care, pharmaceutical, household care, industrial, and others are the end-use industries. The market is divided into four regions: North America, Europe, Asia-Pacific, and Latin America and the Caribbean. Asia-Pacific has the biggest market share, followed by North America and Europe.
Major players operating in the global flexible packaging market include Berry Global Inc., Amcor Plc, FlexPak Services LLC, Mondi Group, Sealed Air Corporation, Constantia Flexibles, Transcontinental Inc., Coveris Holding SA, Huhtamaki, and Sonoco.
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