Global Flexible Paper Packaging Market (2021 to 2026) - Consumers' Preference for Sustainable Packaging Presents Opportunities - ResearchAndMarkets.com

The "Flexible Paper Packaging Market by Packaging Type (Pouches, Roll Stock, Shrink Sleeves, Wraps), Printing Technology (Rotogravure, Flexography, Digital Printing), embellishing type (Hot Coil, Cold Coil), Application, and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global flexible paper packaging market size is projected to grow from USD 64.4 billion in 2021 to USD 79.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 4.2%.

The global flexible paper packaging industry has witnessed high growth primarily because it is lighter in weight, cost-efficient, and uses less material as compared to other forms of packaging. The growth of the flexible paper packaging market is attributed to its high efficiency and cost-effective nature. Flexible packaging is particularly useful in industries that require versatile packagings, such as food & beverage, personal care, homecare, and healthcare. However, factors such as high production cost and capital investment of flexible paper packaging may inhibit the growth of the market.

In terms of both value and volume, pouches segment to be the fastest-growing segment by 2026.

The pouches segment is projected to grow at the highest CAGR from 2021 to 2026. Pouches are projected to dominate the market for flexible paper packaging by 2026, in terms of value. The increased use of pouches is subjected to pouches being versatile, lightweight, and easy to transport. There is an increasing demand for pouches from the food packaging and e-commerce industries.

In terms of both value and volume, flexography is projected to be the fastest-growing segment from 2021 to 2026, for flexible paper packaging.

Flexography is projected to be the fastest-growing segment in the flexible paper packaging market. The demand for flexible paper packaging is mainly attributed since inks used in flexography are low viscosity, which enables the print to dry quickly and speeds up the printing process, thus saving the cost of production.

In terms of both value and volume, hot coil is projected to be the fastest-growing segment from 2021 to 2026, for flexible paper packaging.

Hot Coil is projected to be the fastest-growing segment in the flexible paper packaging market. Hot foil embellishment is utilized across a wide range of industry sectors, but account for the highest share in the food and beverages (particularly confectionary such as premium chocolate, wine and liquor bottles, and other premium foods), cosmetics, electronics, banknotes, business cards, and greeting cards and artwork.

In terms of both value and volume, food is projected to be the fastest-growing segment from 2021 to 2026, for flexible paper packaging.

Food is projected to be the fastest-growing segment in the flexible paper packaging market. The growth of this segment is mainly attributed to the high demand for flexible paper packaging as changing lifestyles and busy schedules of the working population. Flexible paper packaging also reduces leakage and extends the shelf-life of products. Food products are the largest consumers flexible plastic packaging owing to their convenience and portability. The primary functions of food & beverage packaging are the reduction of food loss and increasing the shelf-life of food products.

In terms of both value and volume, the APAC flexible paper packaging market is projected to grow at the highest CAGR during the forecast period.

In terms of value and volume, the APAC region is projected to grow at the highest CAGR from 2020 to 2026. Emerging economies in APAC are expected to experience significant demand for flexible paper packaging as a result of rapid economic development and urbanization. The growth of the flexible paper packaging market in this region is attributed by the flourishing food and beverage industry.

Market Dynamics

Drivers

• Cost-Effectiveness and Increased Product Shelf Life
• Downsizing Packaging Material Usage
• Rising Demand from End-Use Industries and Increasing E-Commerce Sales

Restraints

• Multi-Layer Packaging to Pose Challenges for Recyclability

Opportunities

• Branding Opportunities to Boost the Demand for Flexible Paper Packaging
• Consumers' Preference for Sustainable Packaging

Challenges

• Deforestation

Companies Mentioned

• Amcor Limited
• Mondi Group
• Sonoco Products Company
• Sealed Air Corporation
• Huhtamaki Oyj
• Sappi Global
• Ds Smith
• Coveris Holdings Sa
• Sabert
• Wihuri
• Visy Proprietary Limited
• Tupperware Brands
• Silgan
• Reynolds Packaging
• Jujo Thermal
• Linpac Packaging
• Dart Container Corporation
• D&W Fine Pack
• Genpak

For more information about this report visit https://www.researchandmarkets.com/r/julbec

View source version on businesswire.com: https://www.businesswire.com/news/home/20220119005732/en/