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Flexible Paper Packaging Market Size - By Type (Pouches, Shrink Sleeves, Roll Stock, Wraps), By End-use (Food and Beverage, Retail and Consumer Goods, Pharmaceuticals and Healthcare, Personal Care) & Forecast, 2023 – 2032


Published on: 2024-07-25 | No of Pages : 240 | Industry : Packaging

Publisher : MIR | Format : PDF&Excel

Flexible Paper Packaging Market Size - By Type (Pouches, Shrink Sleeves, Roll Stock, Wraps), By End-use (Food and Beverage, Retail and Consumer Goods, Pharmaceuticals and Healthcare, Personal Care) & Forecast, 2023 – 2032

Flexible Paper Packaging Market Size

Flexible Paper Packaging Market size was valued at around USD 65.4 billion in 2022 and is estimated to register 4.2% CAGR between 2023 and 2032. Flexible paper packaging is considered eco-friendly and biodegradable, aligning with the global push for sustainable packaging solutions. Consumer demand for reduced plastic usage and waste is prompting brands to switch to flexible paper packaging as an eco-friendly alternative.

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The recyclability of paper packaging makes it an attractive choice for brands aiming to contribute to a circular economy and reduce environmental impact. Many consumers prefer packaging made from natural materials like paper due to its organic and non-toxic properties.
 

Flexible Paper Packaging Market Report Attributes
Report Attribute Details
Base Year 2022
Flexible Paper Packaging Market Size in 2022 USD 65.4 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 4.2%
2032 Value Projection USD 99.1 Billion
Historical Data for 2018 to 2022
No. of Pages 120
Tables, Charts & Figures 136
Segments covered Type, End-use, Region
Growth Drivers
  • Growing food industry
  • Expansion of the pharmaceutical industry
  • Plastic alternative material growth
Pitfalls & Challenges
  • Moisture and Water Resistance
  • Limited Barrier Properties
  • Fragility and Susceptibility to Damage

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Sourcing high-quality, sustainable, and cost-effective paper materials can be challenging, affecting the overall quality and performance of flexible paper packaging. Maintaining suitable barrier properties to protect products and extend shelf life can be complex, especially for sensitive items like perishable foods. Achieving high-quality printing and graphics on flexible paper packaging while ensuring adherence to sustainability standards and regulatory requirements can be difficult. Thus, the risks associated with flexible paper packaging may drive down the acceptance rate, further hampering the business growth.

COVID-19 Impact

During the pandemic, there was a shift towards packaged foods and essentials, leading to increased demand for flexible paper packaging for items like snacks, dry goods, and hygiene products. While there was a decline in foodservice packaging, there was a corresponding increase in consumer-packaged goods (CPG) packaging. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the flexible paper packaging industry expansion in the upcoming years.

Flexible Paper Packaging Market Trends

The emphasis on sustainability continues to drive the demand for flexible paper packaging due to its biodegradability and recyclability. The movement away from single-use plastics is promoting the adoption of flexible paper packaging as an alternative for various products. Brands are focusing on paper packaging that is not only recyclable but also compostable, aligning with circular economy principles. As online shopping grows, flexible paper packaging solutions that offer protection, durability, and space efficiency for shipping are becoming increasingly important.

Flexible Paper Packaging Market Analysis

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Based on type, the flexible paper packaging market is segmented as pouches, shrink sleeves, roll stock, wraps, others. Pouches held a majority market value of USD 17.3 billion in 2022. Stand-up pouches offer easy handling, storage, and display, aligning with consumers' preference for convenience. Flat pouches are versatile for packaging a wide range of products, from snacks to personal care items.

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Based on end-use, the flexible paper packaging market is segmented as food and beverage, retail and consumer goods, pharmaceuticals and healthcare, personal care, others. Food and beverage held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace till 2032. Brands in the food and beverage sector are adopting flexible paper packaging to align with sustainable packaging goals and meet eco-conscious consumer preferences. Flexible paper packaging with barrier properties helps maintain food quality, freshness, and safety, ensuring a positive consumer experience.

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U.S. dominated the North American region with majority market share and a revenue of USD 14.8 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North American consumers' increasing emphasis on sustainability and environmentally friendly packaging options is driving the adoption of flexible paper packaging. Government regulations and industry initiatives aimed at reducing plastic usage are encouraging the shift towards flexible paper packaging alternatives.

Some of the major players operating in the flexible paper packaging market are Amcor plc, International Paper Company, Mondi Group, WestRock Company, Smurfit Kappa Group, Berry Global Group, Inc., DS Smith plc, Huhtamäki Oyj, Sealed Air Corporation, Sonoco Products Company, UFlex Limited, Coveris Holdings S.A., Constantia Flexibles Group, ProAmpac Holdings, Inc., Graphic Packaging International, LLC among others. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Flexible Paper Packaging Industry News

  • In May 2022 - Mondi partnered with beck packautomaten to launch a strong, flexible paper-based packaging solution dedicated to the eCommerce industry.
     
  • In May 2022, Klabin, Brazil’s largest producer and exporter of packaging paper, launched EkoFlex, its first paper for flexible packaging.

Flexible paper packaging market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments

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By Type

 

  • Pouches
  • Shrink Sleeves
  • Roll Stock
  • Wraps
  • Others

By End-use

  • Food and Beverage
  • Retail and Consumer Goods
  • Pharmaceuticals and Healthcare
  • Personal Care
  • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

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