Flexible Plastic Pouches Market Size
Plastic Pouches Made Flexible Projected to exhibit a CAGR of 5.1% between 2024 and 2032, market size was assessed at over USD 186 billion in 2023. On-the-go consumers use flexible plastic pouches because they are lightweight and easy to carry. Designed to fit varied product types and consumer preferences, flexible plastic pouches can be stand-up, spouted, flat, and more.
To obtain important market trends
Pouches provide enough room for vivid graphics, logos, and branding, thereby enabling businesses to produce aesthetically pleasing packaging. Pouches help to preserve the freshness and shelf life of the packaged goods by offering good defense against outside elements including moisture, air, and light.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Flexible Plastic Pouches Market Size in 2023 | USD 186.3 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 5.1% |
| 2032 Value Projection | USD 300.4 Billion |
| Historical Data for | 2018 to 2023 |
| No. of Pages | 120 |
| Tables, Charts & Figures | 137 |
| Segments covered | Product Type, End-use, Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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The use of traditional flexible plastic materials can contribute to plastic waste and environmental pollution, leading to negative perceptions among environmentally conscious consumers. Flexible plastic pouches often involve multi-layer structures that are difficult to recycle due to the combination of different materials. The lack of standardization in materials, formats, and labeling for flexible pouches can lead to confusion among consumers and challenges in recycling efforts. Thus, the risks associated with flexible plastic pouches may drive down the acceptance rate, further hampering the business growth.
COVID-19 Impact
With lockdowns and restrictions in place, there was an increased demand for packaged goods, including food, beverages, and personal care products, leading to higher demand for flexible plastic pouches. Packaging was changed by companies to fit evolving customer needs. Higher demand were smaller pouch sizes for single-serve products and goods fit for home use. 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 plastic pouches industry expansion in the upcoming years.
Flexible Plastic Pouches Market Trends
Flexible plastic pouches comprised of recyclable materials, bio-based plastics, and materials with low environmental effect have evolved out of need for sustainable packaging solutions. To fit circular economy ideas, pouch makers are striving to create recyclable pouches and raise the recyclability of multi-layer constructions. Flexible plastic pouches help to lower the environmental impact by means of package designs that maximize material usage and thereby preserve product protection. Customers are choosing understated packaging with straightforward messaging, which forces companies to use simpler and more environmentally friendly bag shapes.
Flexible Plastic Pouches Market Analysis
Product type defines the segmentation of the flexible plastic pouches market as bags and pouches, wraps and rolls, boxes and cartons, sachets and envelopes, others. Bags and pouches had a market value of USD 47.2 billion most of which in 2022 will Excellent shelf visibility from stand-up pouches helps products stand out and catch consumer attention. Standing straight maximizes shelf space, hence they are suitable for shop displays and consumer pantries as well.
Based on application, the flexible plastic pouches market is segmented as food and beverage, retail and consumer goods, pharmaceuticals and healthcare, personal care, e-commerce, 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. Flexible plastic pouches help maintain the freshness of food and beverages, extending shelf life and preserving taste and quality. Pouches are suitable for packaging ready-to-eat meals, snacks, and convenience foods that align with modern consumer lifestyles.
U.S. dominated the North American region with majority market share and a revenue of USD 42.4 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The rise of online shopping in North America has increased the demand for e-commerce-friendly packaging, including durable and protective flexible plastic pouches suitable for shipping.
Flexible Plastic Pouches Market Share
Some of the major players operating in the Flexible plastic pouches market are
- Amcor plc
- Berry Global Group, Inc
- Mondi Group
- Sealed Air Corporation
- Huhtamäki Oyj
- Coveris Holdings S.A.
- ProAmpac Holdings, Inc.
- Sonoco Products Company
- Constantia Flexibles Group
- Glenroy, Inc.
- Bemis Company, Inc.
- Printpack Inc.
- Scholle IPN Packaging, Inc.,
- Winpak Ltd
- Ampac Holdings LLC.
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 Plastic Pouches Industry News
- In May 2020, Berry Global Inc. announced its collaboration with the longtime customer, Mondelçz International, to supply packaging containing recycled plastic for Philadelphia, the world’s most popular cream cheese.
Flexible plastic pouches 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
By Product Type
- Bags and Pouches
- Wraps and Rolls
- Boxes and Cartons
- Sachets and Envelopes
- Others
By End-use
- Food and Beverage
- Retail and Consumer Goods
- Pharmaceuticals and Healthcare
- Personal Care
- E-commerce
- 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
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