NEW YORK, Aug. 21, 2023 /PRNewswire/ — The flexible packaging market for the food and beverages market size to grow by USD 39.02 million. Also, the market is accelerating at a CAGR of 5.16% from 2021 to 2026, according to the latest research report from Technavio. Discover the Metal & Glass Containers industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The flexible packaging market for food and beverages market covers the following areas:

• Flexible Packaging Market For Food And Beverages Market Sizing
• Flexible Packaging Market For Food And Beverages Market Forecast
• Flexible Packaging Market For Food And Beverages Market Analysis

Company Landscape

The flexible packaging market for the food and beverages market is fragmented and the companies are deploying organic and inorganic growth strategies to compete in the market.

Company Offering

• Amcor Plc – The company offers flexible packaging solutions for food and beverages that help in protecting food and assuring it is at its most flavourful stage.
• American Packaging Corp. – The company offers flexible packaging solutions for food and beverages that include coffee and tea, confections, dairy, fresh produce, frozen foods, grocery, and healthcare.
• CCL Industries Inc. – The company offers flexible packaging solutions for food and beverages that help to drive growth in new demographic and global market segments.

For the market’s company landscape highlights with a comprehensive list of companies and their offerings – View Sample in minutes

Key Market Segmentation

The market is segmented by material (flexible plastic, flexible paper, and flexible foil)

• The flexible packaging market share growth for food and beverages by the flexible plastic segment will be significant during the forecast period. The coming years will witness market growth driven by the significant rise in demand for packaged food, frozen items, and beverages within this segment. Hence, such factors are expected to drive segment growth during the forecast period.

View Sample Report in minutes of this report for more highlights into the market segments.

Regional Market Outlook

By geography, the market is segmented into APAC, North America, Europe, South America, Middle East, and Africa.

• APAC is estimated to contribute 45% to the growth of the global market during the forecast period. China, Japan, and India are the key contributors to the market in the region. Increased urbanization and changing lifestyles lead to increased demand for beverages and convenience foods, which will facilitate the growth of the flexible packaging market in the region. Hence, such factors are expected to drive market growth in the region during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Market Dynamics

Key Driver

The rise in demand for pouch packaging solutions is a key factor driving market growth. Pouch packaging offers lightness, and excellent printability, and is ideal for single-serve applications. Spout pouches in the food and beverage sector can release up to 99.5% of their contents. This has driven the rise in demand for flexible pouches made from materials like polyethylene, aluminum foil, nylon, film foil, laminated, and metalized films. Furthermore, flexible pouches save about USD 0.50 per 250 grams of food compared to rigid packaging. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends- The evolution of advanced recycling technologies and programs for reducing and recycling flexible packaging waste is a key trend in the market. 

Significant Challenges- Government regulations on the packaging are significant challenges restricting market growth. 

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Companies Mentioned

• Amcor Plc
• American Packaging Corp.
• Behr Bircher Cellpack BBC AG
• Berry Global Inc.
• Bischof Klein SE and Co. KG
• Bryce Corp.
• CCL Industries Inc.
• Constantia Flexibles Group GmbH
• Glenroy Inc.
• Huhtamaki Oyj
• Mondi plc
• Novolex Holdings LLC
• Printpack Inc.
• ProAmpac Intermediate Inc.
• RPC Bramlage GmbH
• Sealed Air Corp.
• Sonoco Products Co.
• Transcontinental Inc.
• UFlex Ltd.
• WestRock Co.
• Wipak Group

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Related Reports:

The flexible packaging market in India is estimated to grow at a CAGR of 12.6% between 2022 and 2027. The size of the market is forecast to increase by USD 18.65 billion. This report extensively covers market segmentation by end-user (food and beverage industry, pharmaceutical industry, personal care industry, and others), and material (plastic, paper, and aluminum). The growing retail industry in India is notably driving market growth. 

The flexible industrial packaging market is expected to increase by USD 594.77 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.16%. Furthermore, this report extensively covers flexible industrial packaging market segmentation by end-user (chemical industry, construction industry, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The increase in demand from end-user industries is notably driving the flexible industrial packaging market growth.

Table of Contents

Executive Summary

Market Landscape

Market Sizing

Historic Market Size

Five Forces Analysis

Market Segmentation by Material

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About US

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