Market Overview

The global flexible packaging market size reached USD 141.03 Billion in 2024 and is projected to reach USD 242.85 Billion by 2033, growing at a CAGR of 3.51% during the forecast period of 2025-2033. The Asia Pacific region dominates the market with a 45.8% share in 2024. Growth drivers include increasing environmental sustainability awareness, convenience demands, and technological advancements like superior barrier properties to extend product shelf life.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Flexible Packaging Market Key Takeaways

• The market size reached USD 141.03 Billion in 2024.
• The market is expected to grow at a CAGR of 3.51% from 2025 to 2033.
• Asia Pacific held the largest market share of 45.8% in 2024.
• The surge in online shopping, with 76% of U.S. adults shopping online, is boosting flexible packaging demand, especially for e-commerce due to its lightweight and durable nature.
• Urbanization and rising disposable incomes in the U.S. drive increased demand for packaged food, beverages, and household products.
• Growing consumer focus on environmental sustainability favors flexible packaging due to its lower energy and material usage compared to rigid packaging.
• Innovations in material science enable packages with improved barrier properties and extend product shelf life.

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Market Growth Factors

The flexible packaging market is booming, largely thanks to the growing demand for convenience from consumers leading busy lives. People are leaning towards portable, resealable, and easy-to-use packaging, which is driving the popularity of single-serve and on-the-go options in the food and beverage industry—this trend also helps cut down on food waste. A great example of this shift is Berry Global Group, Inc.'s collaboration with Mars to roll out PET jars made with 15% post-consumer resin, highlighting the industry's focus on convenience and sustainability. 

As the world becomes more environmentally conscious, the market continues to expand. Flexible packaging is more energy-efficient and uses fewer materials during production compared to rigid packaging, aligning perfectly with sustainability goals aimed at reducing greenhouse gas emissions. Initiatives like the U.S. Department of Energy's $13.4 million investment in recycling technologies show that the government is backing sustainable packaging solutions to tackle plastic waste and lower carbon footprints.

On top of that, advancements in material science are pushing the market forward by creating flexible packaging options that improve barrier properties, keep products fresh, and extend shelf life. Strategic partnerships, like Mondi's collaboration with Felleskjøpet to launch recyclable high-barrier packaging, highlight the innovative growth in the industry, ensuring better product protection, especially for premium items.

Market Segmentation

Analysis by Product Type:

• Printed Rollstock: Leading with 59.7% market share in 2024, printed rollstock packaging offers customizable design elements on continuous flexible packaging rolls, enabling companies to incorporate product information.

Analysis by Raw Material:

• Plastic: Dominates with 61.8% share in 2024 due to flexibility, price competitiveness, and adaptability across industries. Plastic packaging maintains product freshness and quality, and growing demand for recyclable plastics fuels market growth.

Analysis by Printing Technology:

• Flexography: Holds 62.7% market share in 2024. This high-speed roll-feed web printing process uses flexible photopolymer plates to print high-resolution images efficiently, reducing material and resource waste. The technology supports the e-commerce-driven demand for corrugated packaging.

Analysis by Application:

• Food and Beverages: Largest segment with 72.1% share in 2024, driven by increased use for dairy, snacks, beverages, and frozen meals. Flexible packaging enhances temperature sensitivity retention, shelf life, and barrier properties, catering to the growing ready-to-eat food market.

Regional Insights

The Asia Pacific region dominates the flexible packaging market with a 45.8% share in 2024. The region's growth is fueled by rapid urbanization, increasing disposable incomes, and expanding pharmaceutical and food & beverage industries in countries like China and India. Government initiatives and the large regional consumer class further advance demand, supported by rising e-commerce activities and innovations in biodegradable packaging technology.

Recent Developments & News

• December 2024: UFlex is investing over USD 200 million in Egypt to increase production capacity with advanced packaging manufacturing facilities, leveraging Egypt's strategic export location.
• December 2024: Toppan Holdings acquired Sonoco's Thermally Formed Plastics division to expand its global sustainable packaging portfolio and offer high-performing packaging solutions.
• August 2023: Amcor agreed to acquire Phoenix Flexibles in India, enhancing its presence in the food, personal care, and home care flexible packaging market.
• September 2022: Huhtamaki invested in Emerald Technology Ventures' sustainable packaging fund to advance next-generation sustainable packaging solutions.

Key Players

• 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.
• ProAmpac Intermediate, Inc.

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