Global Flexible Paper Packaging Market

Flexible Paper Packaging Market Size, Share, Growth Analysis, By Type(Pouches and bags), By End-use(Food and Beverages, Personal Care and Homecare, and Pharmaceuticals), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15H2048 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

Flexible Paper Packaging Market News

  • In January 2022, Huhtamaki successfully finalized the purchase of its Polish joint venture, Huhtamaki Smith Anderson sp. z o.o., which was established in partnership with Smith Anderson Group Ltd. The acquisition was a strategic move by Huhtamaki to enhance its presence and invest further in the Eastern European market.
  • In January 2022, Sonoco completed the acquisition of Ball Metalpack, a renowned manufacturer of sustainable metal packaging for household and food products. Ball Metalpack is recognized as the largest aerosol can producer in North America. This strategic acquisition by Sonoco aimed to reinforce its Consumer Packaging franchise, particularly in the Paper Cans and Closures business segment, thereby expanding its product offerings and strengthening its market position.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Flexible Paper Packaging Market size was valued at USD 249.32 billion in 2021 and is poised to grow from USD 261.04 billion in 2022 to USD 376.95 billion by 2030, at a CAGR of 4.7% during the forecast period (2023-2030).

The flexible paper packaging market is highly competitive, with several key players striving for market dominance. These companies focus on product innovation, strategic partnerships, and expansion strategies to gain a competitive edge and capture a larger market share. Strategic collaborations with raw material suppliers, packaging converters, and end-users are also key strategies employed by these players to expand their market presence and strengthen their product portfolios. Furthermore, mergers and acquisitions are prevalent in the competitive landscape, as companies aim to consolidate their positions and access new markets. Such strategic moves enable them to leverage complementary strengths, broaden their customer base, and diversify their product offerings. In addition to established players, the market also witnesses the entry of new participants, especially in the pouch and flexible bag segment. The rising demand for compact packaging and the growing preference for sustainable options create opportunities for new entrants to capitalize on the market potential. 'Amcor Limited (Australia)', 'Mondi Group (Austria)', 'Smurfit Kappa Group (Ireland)', 'DS Smith Plc (UK)', 'Sonoco Products Company (US)', 'Sealed Air Corporation (US)', 'Huhtamaki Oyj (Finland)', 'WestRock Company (US)', 'Uflex Ltd (India)', 'Constantia Flexibles Group GmbH (Austria)', 'Tetra Pak International S.A. (Switzerland)', 'Graphic Packaging Holding Company (US)', 'International Paper Company (US)', 'ProAmpac Holdings, Inc. (US)', 'Coveris Holdings S.A. (US)', 'Stora Enso Oyj (Finland)', 'Nippon Paper Industries Co., Ltd. (Japan)', 'Sappi Limited (South Africa)', 'Rengo Co., Ltd. (Japan)', 'BillerudKorsnäs AB (Sweden)'

The growing awareness of environmental concerns and the need for sustainable packaging solutions drive the demand for flexible paper packaging. Consumers and industries are actively seeking eco-friendly alternatives to reduce plastic waste and minimize environmental impact.

One key market trend in the flexible paper packaging industry is the growing emphasis on sustainability and eco-friendly packaging solutions. With increasing consumer awareness and concern for the environment, there is a rising demand for packaging materials that have minimal impact on the planet. Flexible paper packaging, being biodegradable and recyclable, aligns well with these sustainability goals.

North America dominates the flexible paper packaging market, driven by the region's high consumption of packaged food and beverages, along with stringent regulations promoting sustainable packaging practices. The market in North America benefits from the rising demand for eco-friendly packaging options and the increasing preference for convenience and attractive packaging designs. The presence of key market players, technological advancements, and a mature packaging industry contribute to the region's market dominance. Additionally, the emphasis on reducing plastic waste and the implementation of recycling programs further drive the growth of the flexible paper packaging market in North America.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Flexible Paper Packaging Market

Report ID: SQMIG15H2048

$5,300
BUY NOW GET FREE SAMPLE