From GlobeNewswire: 2024-06-10 04:30:00

The flexible plastic packaging market is expected to reach USD 250 billion by 2032. Industry growth is driven by demand for lightweight, durable, cost-effective solutions. Flexible packaging offers superior barrier properties, making it ideal for the F&B sector. Advancements in technology, like printing options, enhance product appeal and branding opportunities.

The emphasis on sustainability and recyclable materials is boosting the adoption of flexible plastic packaging. E-commerce expansion and the need for protective solutions are driving market growth. In the U.S., e-commerce retail sales in Q1 2024 reached $1,820 billion. This trend will increase the demand for flexible packaging solutions.

Pouches are projected to hold a significant share in the flexible plastic packaging market by 2032. Their convenience, resealability, and lightweight nature make them popular for various products. Advancements in material technology enhance durability and barrier properties, increasing adoption in pharmaceuticals and personal care.

Flexible plastic packaging in the pharmaceuticals & healthcare sector will see substantial growth through 2032. Demand for secure, tamper-evident packaging is increasing. The lightweight and durable nature of flexible packaging reduces shipping costs and improves product protection. Advanced barrier technologies enhance shelf life and cater to specific pharmaceutical needs.

Europe’s flexible plastic packaging market is expected to grow between 2023 and 2032 due to demand for lightweight, cost-effective, and sustainable solutions. The strong F&B sector drives the need for extended shelf life packaging. E-commerce growth boosts demand for protective packaging. Recycling advancements and environmental awareness further promote adoption of recyclable and biodegradable plastics.

Key players in the flexible plastic packaging industry include Amcor Limited, American Packaging Corporation, AR Packaging Group AB, and more. These firms are introducing new products to meet increasing consumer demands. For example, Amcor and Kimberly Clark launched Eco Protect diaper packaging in Peru using 30% recycled materials, offering sustainable solutions for hypoallergenic diapers made from plant-based fibers.

Global Market Insights Inc. is a market research and consulting service provider offering reports and growth consulting services. Their industry research reports provide actionable market data for strategic decision-making. Using a proprietary research methodology, they offer insights for key industries including chemicals, advanced materials, technology, renewable energy, and biotechnology.



Read more at GlobeNewswire: Flexible Plastic Packaging Market to accrue USD 250 Billion