GLOBAL FLEXIBLE PACKAGING MARKET FORECAST 2017-2024

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GLOBAL FLEXIBLE PACKAGING MARKET FORECAST 2017-2024

The global market for flexible packaging material is estimated to grow from $ 203,707 Million in 2016 to $ 293,029.6 Million by 2024, at a CAGR of 4.7% between 2017 and 2024. The base year considered for the study is 2016 and the forecast period is between 2017 and 2024. Easy disposal, light weight, and easy disposal are some features of flexible packaging material which are pushing the market growth. The flexible packaging material is approximated to witness significant growth due to its increasing usage in food and beverage industry.

GLOBAL FLEXIBLE PACKAGING MARKET FORECAST 2017-2024

 

Flexible Packaging Market by Raw Material (Paper, Aluminium Foil, Plastic, Bioplastic ) Market by Application (Food & Beverage, Pharmaceutical, Cosmetics, Others) Market by Geography

Global flexible packaging market is estimated to grow with approx. 4.7% CAGR during the year 2017-2024. A package whose shape can be readily or easily changed to pack a product can be termed as flexible packaging. Bags and pouches are some of the common examples of flexible packaging. Rising demand for flexible packaging is primarily driven by following factors:

  • Rising packaged food demand
  • Cosmetic industry growth
  • Rapid growth in global pharmaceutical industry
  • Preference of flexible packing over rigid packaging materials
  • Reduced carbon footprint

Flexible Packaging Market InfographicThe important driver increasing growth in the global flexible packaging market is the rise in the packaged food demand. Packaged food market growth is driven by new and innovative processing techniques for increasing the shelf life of food products. The market demand is anticipated to be led by beverages and snack foods. Key market drivers include changing lifestyle, increased in the popularity of quick-service restaurants, technological improvement, and modern retail trades.

Plastic was the largest raw material segment of global flexible packaging market volume in 2016. Increasing use of flexible packaging in various end-use industries including food & beverage and cosmetics on account of their biocompatible nature is expected to be a favorable factor for market growth in the near future. Plastic flexible packaging is used in flexible beverage containers, metalized foil pouches, yogurt tubs and twist wraps for confectionaries. In addition, it is also used in the Boutique retail shopping bags, pallet stretch and shrink film, shrink overwrap, produce bags, tubes, pouches, agricultural mulch and silage film, heat sealable coatings, and films, cling wrap. Growth in the food & beverage industry particularly in Asia Pacific will have a positive impact on the plastic flexible packaging market over the next seven years.

Price volatility of raw materials is major restraint hindering the growth of global flexible packaging market. PVC, PE, and PET are the key raw materials used in the manufacturing of flexible packaging materials. These products are derived from crude oil and thus its price fluctuations affect the raw material pricing further constraining the use of flexible packaging for various applications. Fluctuating reseller margins coupled with the unavailability of raw materials contributes to price escalation. The wide supply-demand gap is contributing factor to the price volatility, particularly for PVC, owing to widespread applications. In addition, the refinery economics and alternatives to PVC production are key factors contributing to price fluctuations.

The global flexible packaging market segmentation includes raw materials and applications.

Raw materials are segmented into:

  • Paper
  • Aluminum foil
  • Plastic
  • Bioplastic

Applications are segmented into:

  • Food & beverage
  • Pharmaceutical
  • Cosmetics
  • Others

The report scope is widely categorized on the basis of its raw materials and applications of flexible packaging. Moreover, the market revenue estimates and forecast includes only flexible packaging and exclude the conventional packaging techniques and materials.

Geographically, the global flexible packaging market has been segmented on the basis of five regions, which includes:

  • North America – U.S. & Rest of North America
  • Europe – UK & Germany
  • Asia Pacific – China & India
  • Latin America – Brazil
  • Middle East & Africa

Asia Pacific was the largest flexible packaging market in 2016. The region is expected to dominate the flexible packaging industry over the forecast period due to growing food & beverage, particularly in China and India. Increasing demand for packaged food coupled with growing disposable income of consumers is expected to propel demand for flexible packaging over the forecast year. Rising use of the product in cosmetics sector owing to its chemical resistant properties is expected to drive the market demand. Also, Asia-Pacific is expected to grow with fastest CAGR during the forecast period. Robust growth in the food industry on account of increasing number of restaurants, cafes, and bistros coupled with increasing population and demand for convenient foods is likely to boost flexible packaging demand over the next seven years. In addition, ‘on-the-go’ lifestyle of consumers and growing disposable income is expected to have a positive impact on the food & beverage industry which in turn is expected to propel flexible packaging market growth.

On the basis of application flexible packaging is segmented into food and beverages, pharmaceutical, cosmetics, and others. Food & beverage was the largest application segment in 2016. Manufacturers have increased the production capacity of products owing to increasing demand for packaged food.  Pharmaceutical has the second largest market share in application segment. The pharmaceutical products are expecting an increase in sales due to growing occurrence of unhealthy lifestyle diseases such as diabetes, obesity and high blood pressure, which in turn will positively impact flexible packaging industry over the next seven years.

The major market players in the global flexible packaging market are:

  • AMCOR
  • BEMIS
  • SEALED AIR
  • CONSTANTIA FLEXIBLES
  • DAI NIPPON PRINTING
  • WINPAK
  • OTHERS

The company is adopting various strategies to gain a major share in global market. Some of the examples are: In July 2015, Amcor Ltd. acquired Packaging India Private Limited in order to strengthen company roots in emerging Indian flexible packaging market. Similarly, in the same month, the company acquired South Africa-based Nampak Flexible in order to target South African flexible packaging market. In July 2015, Bemis Company Inc. signed an agreement with Emplal Participações S.A. to acquire its South American rigid plastic packaging business.

Key Findings of the global flexible packaging market.

  • Growing food demand on account for increasing population
  • Rising demand for compact packaging
  • High demand for packaging material from various application industries
  • Asia-Pacific anticipated accounting the largest revenue share during the forecast period
  1. RESEARCH METHODOLOGY
    1. RESEARCH SCOPE & ASSUMPTIONS
    2. LIST OF DATA SOURCES
  2. EXECUTIVE SUMMARY
  3. FLEXIBLE PACKAGING INDUSTRY OUTLOOK
    1. FLEXIBLE PACKAGING MARKET SEGMENTATION
    2. MARKET SIZE AND GROWTH PROSPECTS
    3. VALUE CHAIN ANALYSIS
    4. TECHNOLOGY OVERVIEW
    5. REGULATORY FRAMEWORK
    6. FLEXIBLE PACKAGING MARKET DYNAMICS
    7. PORTER’S ANALYSIS
    8. COMPANY MARKET SHARE
    9. PESTEL ANALYSIS
  4. FLEXIBLE PACKAGING RAW MATERIAL OUTLOOK
    1. PAPER
    2. ALUMINIUM FOIL
    3. PLASTIC
    4. BIOPLASTIC
  5. FLEXIBLE PACKAGING APPLICATION OUTLOOK
    1. FOOD & BEVERAGE
    2. PHARMACEUTICAL
    3. COSMETICS
    4. OTHERS
  6. FLEXIBLE PACKAGING REGIONAL OUTLOOK
    1. NORTH AMERICA
      1. U.S.
      2. REST OF NORTH AMERICA
    2. EUROPE
      1. GERMANY
      2. UK
    3. ASIA PACIFIC
      1. CHINA
      2. INDIA
    4. LATIN AMERICA
      1. BRAZIL
    5. MEA
  7. COMPETITIVE LANDSCAPE
    1. BEMIS COMPANY, INC
    2. MONDI PLC
    3. HUHTAMAKI GROUP
    4. SEALED AIR CORPORATION
    5. CONSTANTIA FLEXIBLES INTERNATIONAL GMBH
    6. SONOCO PRODUCTS COMPANY
    7. AMCOR LTD.
    8. UKRPLASTIC
    9. AMPAC HOLDING
    10. WIPAK GROUP
    11. FLEXTRUS AB
    12. BISCHOF & KLEIN GMBH & CO. KG
    13. DAI NIPPON PRINTING
    14. AMERICAN PACKAGING CORPORATION
    15. SÜDPACK
    16. COVERIS
    17. BRYCE CORPORATION
    18. CLONDALKIN
    19. HUHTAMAKI
    20. SCHUR FLEXIBLES GROUP
    21. BASF
    22. SOLVAY
    23. SHOWA DENKO K.K.
    24. INNOVIA FILMS
    25. AMERPLAST
    26. EAGLE FLEXIBLE PACKAGING
    27. TAGHLEEF INDUSTRIES

 

LIST OF TABLES

TABLE#1       FLEXIBLE PACKAGING – INDUSTRY SUMMARY & KEY BUYING CRITERIA

TABLE#2       GLOBAL FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

TABLE#3       GLOBAL FLEXIBLE PACKAGING MARKET VOLUME, BY REGION, 2015 – 2024 (KILO TONS)

TABLE#4       GLOBAL FLEXIBLE PACKAGING MARKET REVENUE, BY REGION, 2015 – 2024 ($MILLION)

TABLE#5       GLOBAL FLEXIBLE PACKAGING MARKET VOLUME, BY RAW MATERIAL, 2015 – 2024 (KILO TONS)

TABLE#6       GLOBAL FLEXIBLE PACKAGING MARKET REVENUE, BY RAW MATERIAL, 2015 – 2024 ($MILLION)

TABLE#7       GLOBAL FLEXIBLE PACKAGING MARKET VOLUME, BY APPLICATION, 2015 – 2024 (KILO TONS)

TABLE#8       GLOBAL FLEXIBLE PACKAGING MARKET REVENUE, BY APPLICATION, 2015 – 2024 ($MILLION)

TABLE#9       VENDOR LANDSCAPE

TABLE#10     FLEXIBLE PACKAGING – KEY MARKET DRIVER ANALYSIS

TABLE#11     KEY COMPARISONS BETWEEN RIGID AND FLEXIBLE PACKAGING

TABLE#12     CHANGING CONSUMPTION PATTERNS

TABLE#13     FLEXIBLE PACKAGING – KEY MARKET RESTRAINT ANALYSIS

TABLE#14     GLOBAL PAPER DEMAND IN FLEXIBLE PACKAGING MARKET, 2015-2024, (KILO TONS) ($MILLION)

TABLE#15     GLOBAL PAPER VOLUMES IN FLEXIBLE PACKAGING MARKET, BY REGION, 2015-2024, (KILO TONS)

TABLE#16     GLOBAL PAPER REVENUE IN FLEXIBLE PACKAGING MARKET, BY REGION, 2015-2024, ($MILLION)

TABLE#17     GLOBAL ALUMINUM FOIL DEMAND IN FLEXIBLE PACKAGING MARKET, 2015-2024, (KILO TONS) ($MILLION)

TABLE#18     GLOBAL ALUMINUM FOIL VOLUMES IN FLEXIBLE PACKAGING MARKET, BY REGION, 2015-2024, (KILO TONS)

TABLE#19     GLOBAL ALUMINUM FOIL REVENUE IN FLEXIBLE PACKAGING MARKET, BY REGION, 2015-2024, ($MILLION)

TABLE#20     GLOBAL PLASTIC DEMAND IN FLEXIBLE PACKAGING MARKET, 2015-2024, (KILO TONS) ($MILLION)

TABLE#21     GLOBAL PLASTIC DEMAND IN FLEXIBLE PACKAGING MARKET, BY REGION, 2015-2024, (KILO TONS)

TABLE#22     GLOBAL PLASTIC REVENUE IN FLEXIBLE PACKAGING MARKET, 2015-2024, ($MILLION)

TABLE#23     GLOBAL BIOPLASTIC DEMAND IN FLEXIBLE PACKAGING MARKET, 2015-2024, (KILO TONS) ($MILLION)

TABLE#24     GLOBAL BIOPLASTIC DEMAND IN FLEXIBLE PACKAGING MARKET, BY REGION, 2015-2024, (KILO TONS)

TABLE#25     GLOBAL BIOPLASTIC REVENUE IN FLEXIBLE PACKAGING MARKET, 2015-2024, ($MILLION)

TABLE#26     GLOBAL FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST IN FOOD & BEVERAGE, 2015-2024, (KILO TONS) ($MILLION)

TABLE#27     GLOBAL FLEXIBLE PACKAGING MARKET VOLUMES IN FOOD & BEVERAGE, BY REGION, 2015-2024, (KILO TONS)

TABLE#28     GLOBAL FLEXIBLE PACKAGING MARKET VOLUME IN FOOD & BEVERAGE, BY REGION, 2015-2024, ($MILLION)

TABLE#29     GLOBAL FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST IN PHARMACEUTICAL, 2015-2024, (KILO TONS) ($MILLION)

TABLE#30     GLOBAL FLEXIBLE PACKAGING MARKET VOLUMES IN PHARMACEUTICAL, BY REGION, 2015-2024, (KILO TONS)

TABLE#31     GLOBAL FLEXIBLE PACKAGING MARKET VOLUME IN PHARMACEUTICAL, BY REGION, 2015-2024, ($MILLION)

TABLE#32     GLOBAL FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST IN COSMETIC APPLICATION, 2015-2024, (KILO TONS) ($MILLION)

TABLE#33     GLOBAL FLEXIBLE PACKAGING MARKET VOLUMES IN COSMETICS, BY REGION, 2015-2024, (KILO TONS)

TABLE#34     GLOBAL FLEXIBLE PACKAGING MARKET VOLUME IN COSMETICS, BY REGION, 2015-2024, ($MILLION)

TABLE#35     GLOBAL FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST IN OTHER APPLICATIONS, 2015-2024, (KILO TONS) ($MILLION)

TABLE#36     GLOBAL FLEXIBLE PACKAGING MARKET VOLUMES IN OTHER APPLICATIONS, BY REGION, 2015-2024, (KILO TONS)

TABLE#37     GLOBAL FLEXIBLE PACKAGING MARKET VOLUME IN OTHER APPLICATIONS, BY REGION, 2015-2024, ($MILLION)

TABLE#38     NORTH AMERICA FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

TABLE#39     U.S. FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

TABLE#40     U.S. FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#41     U.S. FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#42     U.S. FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#43     U.S. FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#44     REST OF NORTH AMERICA FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

TABLE#45     REST OF NORTH AMERICA FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#46     REST OF NORTH AMERICA FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#47     REST OF NORTH AMERICA FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#48     REST OF NORTH AMERICA FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#49     EUROPE FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

TABLE#50     GERMANY FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

TABLE#51     GERMANY FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#52     GERMANY FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#53     GERMANY FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#54     GERMANY FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#55     UK FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015-2024, (KILO TONS) ($MILLION)

TABLE#56     UK FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#57     UK FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#58     UK FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#59     UK FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#60     ASIA PACIFIC FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

TABLE#61     CHINA FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

TABLE#62     CHINA FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#63     CHINA FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#64     CHINA FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#65     CHINA FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#66     INDIA FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

TABLE#67     INDIA FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#68     INDIA FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#69     INDIA FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#70     INDIA FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#71     LATIN AMERICA FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

TABLE#72     BRAZIL FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

TABLE#73     BRAZIL FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#74     BRAZIL FLEXIBLE PACKAGING BY RAW MATERIAL MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#75     BRAZIL FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS)

TABLE#76     BRAZIL FLEXIBLE PACKAGING BY APPLICATION MARKET ESTIMATES AND FORECAST, 2015 – 2024, ($MILLION)

TABLE#77     MEA FLEXIBLE PACKAGING MARKET ESTIMATES AND FORECAST, 2015 – 2024, (KILO TONS) ($MILLION)

 

LIST OF FIGURES

FIGURE#1    FLEXIBLE PACKAGING VALUE CHAIN ANALYSIS

FIGURE#2    GLOBAL PACKAGED FOODS MARKET DEMAND, 2005-14, (MILLION TONS)

FIGURE#3    GLOBAL COSMETICS INDUSTRY, 2005-13 ($BILLION)

FIGURE#4    GLOBAL PHARMACEUTICAL INDUSTRIES 2007-2013 ($BILLION)

FIGURE#5    MATERIAL CARBON FOOTPRINTS (KG OF CO2 PER 100 KG OF RESIN)

FIGURE#6    GLOBAL CRUDE OIL PRICES 2011-2014, (USD/PER BARREL)

FIGURE#7    FLEXIBLE PACKAGING KEY OPPORTUNITIES PRIORITIZED

FIGURE#8    FLEXIBLE PACKAGING COMPANY MARKET SHARE, 2016

FIGURE#9    GLOBAL FLEXIBLE PACKAGING MARKET VOLUME SHARE BY RAW MATERIAL, 2016 & 2024

FIGURE#10  GLOBAL FLEXIBLE PACKAGING MARKET VOLUME SHARE BY APPLICATION, 2016 & 2024

FIGURE#11  GLOBAL FLEXIBLE PACKAGING MARKET VOLUME BY REGION, 2016 & 2024

  1. FLEXIBLE PACKAGING RAW MATERIAL OUTLOOK
    1. PAPER
    2. ALUMINIUM FOIL
    3. PLASTIC
    4. BIOPLASTIC
  2. FLEXIBLE PACKAGING APPLICATION OUTLOOK
    1. FOOD & BEVERAGE
    2. PHARMACEUTICAL
    3. COSMETICS
    4. OTHERS
  3. FLEXIBLE PACKAGING REGIONAL OUTLOOK
    1. NORTH AMERICA
      1. U.S.
      2. REST OF NORTH AMERICA
    2. EUROPE
      1. GERMANY
      2. UK
    3. ASIA PACIFIC
      1. CHINA
      2. INDIA
    4. LATIN AMERICA
      1. BRAZIL
    5. MEA

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