Global Flexible Packaging Market to Reach US$ 190.5 Billion by 2032, Impelled by Advancements in Packaging Technology

December 27, 2021 | Packaging

According to the latest report by IMARC Group, titled “Flexible Packaging Market Report by Product Type (Printed Rollstock, Preformed Bags and Pouches, and Others), Raw Material (Plastic, Paper, Aluminium Foil, Cellulose), Printing Technology (Flexography, Rotogravure, Digital, and Others), Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Others), and Region 2024-2032,” the global flexible packaging market reached a value of US$ 136.0 Billion in 2023. Flexible packaging is an economical packaging solution designed for protecting a product against external factors, such as moisture, dust, and ultraviolet (UV) rays. They are made of non-rigid materials, like foil, polyethylene, paper, polyvinyl chloride, plastic, and polyester, that can be molded into varying sizes and shapes. Some of the commonly acquired flexible packaging forms are pouches, roll stocks, sachets, paper bags, bubble wraps, and stock bags. They exhibit durability, enhanced safety, extended shelf life, are environment friendly, and offer ease of transportation and handling. Consequently, flexibles packaging solutions are extensively utilized in industries that require versatile packaging and branding, such as food and beverage (F&B), personal care, and pharmaceuticals.

Global Flexible Packaging Market Trends:

A steadily increasing demand for lightweight packaging solutions across industries represents one of the key factors driving the global flexible packaging market growth. In line with this, flexible packaging solutions are cost-effective, durable, and convenient to use, which is contributing to their demand significantly. Rising environmental consciousness is acting as another major growth-inducing factor. Since flexible packaging is sustainable and recyclable and reduces product wastage, it is being widely preferred across end use industries as an ideal packaging solution. Moreover, due to the COVID-19 pandemic and the consequent lockdowns, there is a growing preference for packed products through online retail channels. Individuals are increasingly expending on packed goods, including daily groceries, food items, and personal hygiene products, to reduce contact, which, in turn, is contributing to the market growth. Other factors, such as advancements in the packaging technology and rising utilization of flexible packaging in the nutraceutical sector, are creating a positive outlook for the market further. Looking forward, the market value is projected to reach US$ 190.5 Billion by 2032, expanding at a CAGR of 3.7% during the forecast period (2024-2032).

Market Summary:

  • Based on the product type, the market has been segmented into printed rollstock, preformed bags and pouches, and others. Amongst these, printed rollstock represents the largest segment.
  • On the basis of the raw material, the market has been segregated into plastic, paper, aluminum foil and cellulose. Currently, plastic is the most popular raw material.
  • The market has been analyzed on the basis of the printing technology into flexography, rotogravure, digital and others. Flexography is the leading segment.
  • Based on the application, the market has been divided into the food and beverages (F&B), pharmaceuticals, cosmetics and other industries. Amongst these, the F&B industry is the largest application area for flexible packaging.
  • Region-wise, the market has been classified into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa. Asia Pacific is the leading market.
  • The competitive landscape of the market has also been examined with some of the key players being Amcor Limited, Bemis Company, Berry Global Group, Inc, Mondi Limited, Sealed Air, Aluflexpack AG, Bak Ambalaj Sanayi, Constantia Flexibles, Clondalkin Group, Danaflex Group, DS Smith Plc, Glenroy, Inc, Huhtamaki PPL Limited, Printpack, Inc. and ProAmpac Intermediate, Inc.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Flexible Packaging Market to Reach US$ 190.5 Billion by 2032, Impelled by Advancements in Packaging Technology
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More