Increased Adoption of Flexible Packaging Over Rigid Packaging Presents Opportunities

Flexible Packaging Market

Dublin, Feb. 08, 2023 (WORLD NEWSWIRE) — The “Flexible Packaging Market – Global Outlook & Forecast 2023-2028” report has actually been contributed to ResearchAndMarkets.com’s offering.

The worldwide versatile product packaging market is anticipated to grow at a CAGR of 5.12% throughout 2023-2028. In the after-effects of COVID-19, the versatile product packaging market experienced a supply chain disturbance due to the fact that of a voluntary shutdown of factories or authorities implementing lockdown.

In some cases, however, the labor force at the provider place had actually been lowered to make sure a particular quantity of work was performed to provide smaller sized batches of products needed at the converter’s location.

The high rates of premium classifications of F&B items are anticipated to be majorly affected, while the fairly priced important F&B items are anticipated to see greater need. In Italy, the post-COVID-19 circumstance triggered the product packaging suppliers to reassess and review their stocks. The product packaging suppliers have actually re-strategized their supply chain by decreasing reliance on cross-border providers as there exists a worry of trade path blockade.

As some end-use applications have actually thrived, the need for versatile product packaging has actually been impacted due to less usage. Medicines, dairy items, food, sanitizers, deal with masks, disinfectants, and others have actually remained in high need. These items likewise need product packaging, especially versatile product packaging, therefore increasing need for versatile packs in the versatile product packaging market.

Market Trends and Opportunities

Increased Adoption Of Flexible Packaging Over Rigid Packaging

Major affecting consider the worldwide versatile product packaging market consist of the cost of basic materials, lower cost of production, and light-weight nature.

Further, the need from purchasers and end clients is engaging the shift to versatile product packaging. The development of smaller sized packs and single-serve product packaging has actually led to more bundles of lower volume in 2020 and throughout COVID-19.

Story continues

The versatile product packaging market likewise uses user friendly caps and closure performances that were formerly among the factors for slower adoption rates. Flexible pouches have actually ended up being the most popular item as they can package items coming from food, pharma, drinks, FMCG, and others.

Also, other versatile product packaging items, such as aluminum foil and paper, have actually broadened their scope with lots of variations. Also, the more recent retort bundles with increased defense functions from the external environment, integrated with performances such as zips and spouts, are increasing the adoption of pouch product packaging and, in turn, versatile product packaging over stiff product packaging. Hence, a higher number of items that were earlier packaged in stiff products are versatile adoption product packaging.

Usage of High-Barrier Plastic Packaging Materials

The barrier homes of movies utilized in plastic product packaging are essential as it makes sure that the food is not spoilt and life span is increased. The development of thinner product packaging products causes a requirement for high-barrier homes. These barrier homes consist of the permeability of gases, water vapor, fragrance substances, and light.

The polymers utilized in these plastic movies are the important distinguishing aspect for the effectiveness of such barrier movies in preserving the quality of packaged or processed foods. The versatile plastic product packaging market commonly utilizes high-barrier movies for premium food defense. The light-weight nature and versatility of versatile product packaging utilizing these high-barrier movies change standard product packaging products such as metal, stiff plastic, and glass.

With the growing need for high-barrier product packaging, particularly in the vacuum product packaging market due to its cost-efficiency and performance, recyclable high-barrier plastics such as stand-up pouches are chosen. Moreover, increasing awareness of environment-friendly and hassle-free product packaging in the food market is likewise anticipated to increase the need for high-barrier vacuum product packaging in the versatile product packaging market.

MARKET RESTRAINTS

Recycling Challenges With Flexible Packaging Products

Recycling versatile pouches and other items are troublesome and not financially feasible, as separating those products includes lots of procedures. Unlike stiff plastic items, recycled versatile product packaging cannot be utilized for product packaging food and pharmaceuticals based on FDA policies. The recycled product can just be utilized for other applications. The recycling procedure includes the collection of waste, arranging, and recycling. In these procedures, the products go through cleaning, shredding, and classification of plastic and extruding. Low-quality products are dealt with or moved to energy healing centers, as end-users utilize just top quality product output.

Further, currently, the supply of recycled plastics is not robust. Also, the quality of recycled plastics is not consistent throughout all areas and centers. The volume of plastics needed by converters is massive, and the supply side is yet to match the big need. This is among the aspects why the adoption rates are presently low for recycled plastics and produces a recycling difficulty in the worldwide versatile product packaging market. Any change in the quality or amount has an instant effect on the rates of completion items and for this reason is presently not financially feasible.

Competitive Landscape

The worldwide versatile product packaging market is extremely fragmented, with a number of leading suppliers running. However, the market is seeing combination, albeit at a sluggish rate. The crucial suppliers in the worldwide versatile product packaging market consist of Amcor, Berry Global, Mondi, Sealed Air, TC Transcontinental Packaging, Sonoco, Huhtamaki, Constantia Flexibles, Ahlstrom, Greif, WestRock, Smurfit Kappa, Alu Flex Pack, Aptar Group.

The market has actually experienced the entry of lots of external gamers by embracing an inorganic development technique to broaden its operations in lots of areas. The bigger gamers have technological strength and high-volume line of product that have actually assisted balance out the cost variations. The smaller sized business concentrate on modification, as the competitors in the market is generally based upon 2 elements – functions and cost.

Recent Developments In The Global Flexible Packaging Market

• In September 2022, Amcor revealed a financial investment of around USD 45 million in ePac Flexible Packaging, digitally based versatile product packaging with high quality and brief run length.

• In August 2022, Berry Global released top-selling thermoformed and injection stretch blow-molded food crams in recycled family pet (rPET) form.

• In June 2021, Mondi and among the Dutch cheese product packaging business, Hazeleger, established a mono-material service for product packaging Westland Kaas Maaslander cheese pieces. These packagings have the homes of being light-weight and quickly recyclable.

Key Company Profiles

Other Prominent Vendors

• Alinvest

• Aran Group

• Aluberg

• American Packaging Corporation

• Bischof + Klein

• Bioplast

• Carcano

• Danaflex

• Printpack

• ProAmpac

• Wipak Group

• Saica Flex

• Etapak (Baski Ambalaj)

• Innovia Films

• UFlex

• International Paper

• Reynolds Group

• Novolex

• Sigma Plastics

• Glenroy

• Symetal

• Krajcar Packaging

• ITP

• Gascogne Flexible

• Schur Flexibles

• Schmid Folien

• RKW Group

• Pouch Partners

• Perlen Packaging

• Goglio Packaging

• Kleiner Flexible Packaging

• Winpak

• Stora Enso

• Global-Pak

• Di Mauro

• Eurofoil

• Gerosa Group

• LEEB Flexibles

• PolyPak

• PPG

• Walki

• All4Labels

• SIG Combibloc Group

• Ringmetall SE

• The Reflex Group

• DazPak Flexible Packaging

• Supack

• Coveris

• Wipf AG

• Clondalkin Packaging

• Korozo Group

• Grupo Lantero

• Gualapack Group

Key Questions Answered:
1. How huge is the versatile product packaging market?
2. What is the development rate of the versatile product packaging market?
3. Which are the crucial gamers in the worldwide versatile product packaging market?
4. Which area holds the most substantial worldwide versatile product packaging market share?
5. What are the increasing patterns in the versatile product packaging market?

Report Metrics:

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Premium Insights
6.1 Market Definition
6.2 Report Overview
6.3 COVID-19 Impact Analysis
6.4 Opportunities & Challenge Analysis
6.5 Segment Analysis
6.6 Regional Analysis
6.7 Competitive Landscape

7 Market at a Glance

8 Introduction
8.1 Overview
8.1.1 Flexible Plastic Packaging
8.1.2 Food & Beverages
8.1.3 Pouches
8.1.4 Key Strategies
8.1.5 Major Highlights
8.1.6 Mega Trends
8.1.7 Flexible Packaging: Beyond 2023
8.2 Key Insights
8.2.1 Raw Materials
8.2.2 Pricing
8.3 Impact of COVID-19
8.3.1 Packaging Sector 2020
8.3.2 Post-COVID-19 Highligths
8.3.3 Impact on Flexible Packaging Supply Chain
8.3.4 Pharmaceutical Packaging
8.3.5 Major Vendor Concerns
8.4 Value Chain Analysis
8.4.1 Material Suppliers
8.4.2 Manufacturers
8.4.3 Distributors
8.4.4 End-Users
8.5 Key Developments & Acquisitions
8.5.1 Key Acquisitions
8.5.2 Key Developments
8.6 Expert Opinion

9 Market Opportunities & Trends
9.1 Increased Focus on Sustainable Flexible Packaging
9.2 Usage of High-Barrier Plastic Packaging Materials
9.3 Increasing Adoption of Flexible Packaging Over Rigid Packaging
9.4 Growing E-Commerce Industry
9.5 Shift from Frozen Packaging to Modified Atmospheric Packaging Products

10 Market Growth Enablers
10.1 Increasing Demand from Healthcare
10.2 Demand for Lightweight Products
10.3 Increase in Pouch Packaging Across End-Users
10.4 Increase in Processed and Packaged Food
10.5 Increase in Shelf Life
10.6 Rising Awareness of Cosmetics & Personal Care

11 Market Restraints
11.1 Recycling Challenges with Flexible Packaging Products
11.2 Higher Operational Costs
11.3 Fragmented Marketplace
11.4 Rising Raw Material Costs
11.5 Slow Economic Growth in 2020

12 Market Landscape
12.1 Market Overview
12.1.1 Geographic Insights
12.1.2 Flexible Plastic: Market Dynamics
12.1.3 Flexible Paper: Market Dynamics
12.1.4 Flexible Foils: Market Dynamics
12.2 Market Size & Forecast
12.3 Product
12.3.1 Market Size & Forecast
12.4 Material
12.4.1 Market Size & Forecast
12.5 Application
12.5.1 Market Size & Forecast
12.6 Consumer Flexible Packaging
12.6.1 Market Size & Forecast
12.7 Flexible Plastic
12.7.1 Market Size & Forecast
12.8 Printing
12.8.1 Market Size & Forecast
12.9 Five Forces Analysis
12.9.1 Threat of New Entrants
12.9.2 Bargaining Power of Suppliers
12.9.3 Bargaining Power of Buyers
12.9.4 Threat of Substitutes
12.9.5 Competitive Rivalry

13 Material
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Flexible Plastic
13.4 Flexible Paper
13.5 Foil

14 Application
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Consumer Packaging
14.4 Industrial Packaging

15 Consumer Flexible Packaging
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Bakery & Confectionery
15.4 Meat, Poultry & Seafood
15.5 Dairy
15.6 Ready-To-Eat (Rte)
15.7 Healthcare
15.8 Frozen Food
15.9 Tea & Coffee
15.10 Personal Care
15.11 Pet Food
15.12 Other

16 Product
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Bags & Sacks
16.4 Pouches
16.5 Others

17 Printing
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Flexographic Printing
17.4 Rotogravure Printing

18 Geography
18.1 Market Snapshot & Growth Engine
18.2 Geographic Overview

19 APAC

20 Europe

21 North America

22 Latin America

23 Middle East & Africa

24 Competitive Landscape

25 Key Company Profiles

26 Other Prominent Vendors

27 Report Summary

For more info about this report see https://www.researchandmarkets.com/r/h29inr

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