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Report ID: SQMIG15H2048
Report ID:
SQMIG15H2048 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
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 expansion of the flexible packaging market is primarily propelled by the increasing consumer preference for packaged food, driven by factors such as convenience and affordability. Flexible packaging solutions effectively combine the advantages of plastic, paper, and aluminum foil, ensuring optimal printability, durability, barrier protection, freshness, and user-friendly characteristics. Moreover, the growing demand for flexible packaging is fueled by its significant contributions to energy conservation and environmental sustainability. The growing need for compact packaging has sparked momentum in the pouch and flexible bag segment, creating opportunities for new entrants in the market. The potential of flexible packaging is significant due to its advantages of reduced storage needs, cost-effective shipping, and increasing consumer preference. Flexible packaging stands out by minimizing material usage, energy consumption, and water utilization during the manufacturing process.
Additionally, it occupies less space in landfills after disposal, making it a more sustainable packaging solution. Moreover, as various industries embrace sustainable packaging options in response to regulatory pressures, the demand for flexible packaging is projected to experience a substantial surge in the forecast period.
US Flexible Paper Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG15H2048