The global flexible plastic packaging market was valued at USD 157.74 billion in 2024. The market is projected to grow from USD 166.53 billion in 2025 to USD 250.34 billion by 2032, exhibiting a CAGR of 6.00% during the forecast period. Asia Pacific dominated the flexible plastic packaging market with a market share of 38.32% in 2024.

A massive range of protective attributes and assurance pertaining to minimal material usage is provided by flexible plastic packaging. The minimal cost of production, extensive deployment of the packaging in many end-use industries, and ease of customization and reusability are fostering the market growth.

Fortune Business Insights™ provides this information in its research report, titled “Flexible Plastic Packaging Market, 2025-2032”.

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List of Key Players Mentioned in the Report:

• Amcor (Switzerland)
• Berry Global (U.S.)
• Sealed Air (U.S.)
• Aluflexpack AG (Switzerland)
• Bak Ambalaj Sanayi (Türkiye)
• Constantia Flexibles (Austria)
• Clondalkin Group (Netherlands)
• Danaflex Group (Russia)
• Printpack, Inc. (U.S.)
• ProAmpac Intermediate, Inc. (U.S.)
• Huhtamaki (Finland)
• Mondi (U.K.)
• Sonoco Products Company (U.S.)
• Coveris (Austria)
• Transcontinental Inc (Canada)

Segmentation:

Polyethylene (PE) Segment Dominates Due to its Growing Use in Food & Beverage Packaging

In terms of material, the market is divided into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), polyethylene terephthalate (PET), and others. The polyethylene (PE) segment accounts for the dominating position. The gradually surging deployment of polyethylene (PE) in food & beverage packaging is augmenting the segment growth.

Plastic as a packaging material is enjoying great popularity due to its technical versatility and malleability. It offers excellent protection for food while being very lightweight and cost-effective. Flexible plastic packaging offers a wide range of protective properties while ensuring minimal material consumption. They are used in industrial and consumer applications to protect and distribute a wide range of products in the market, thus enhancing the market’s growth. The major factors driving the market growth are easy customizability, reusability, minimal production cost, and wide usage of this packaging in several end-use industries.

Robust Expansion in the Usage of Single-use Medical Devices to Spur the Bags Segment Expansion

By product type, the market is classified into films & laminates, tubes, bags, pouches & sachets, tapes & labels, and others. The bags segment registers the largest flexible plastic packaging market share. The robust growth in the utilization of single-use medical devices, all of which are packaged in plastic bags for sterility and ease of use, is boosting the bags segment growth.

Surging Population to Fuel the Food & Beverage Segment Growth

With respect to end-use industry, the flexible plastic packaging market is categorized into e-commerce, food & beverage, agriculture, healthcare, home care, personal care, and others. The food & beverage segment witnesses the largest share. The rising population across the globe is proliferating the food & beverage segment expansion.

On the regional front, the market is segregated into the Asia Pacific, Europe, the Middle East & Africa, North America, and Latin America.

Report Coverage

The report provides a comprehensive coverage of the key driving and restraining factors impacting the market growth. In addition, it offers vital insights into the top trends, the impact of the COVID-19 pandemic on the market growth, and notable industry developments. Besides this, the report mentions the strategic measures implemented by top companies in detail.

Drivers and Restraints:

Surging Demand for Biodegradable Packaging to Escalate the Market Growth

One of the key factors propelling the flexible plastic packaging market growth is a rise in the demand for biodegradable packaging. The market is witnessing the emergence of this type of packaging as a feasible alternative to address concerns related to sustainability. It has more cost-effectiveness than eco-friendly alternatives including glass or metal.

However, the advantages offered by rigid packaging over flexible may hamper the market growth.

Regional Insights:

Asia Pacific Leads Due to Growing E-commerce Industry

The Asia Pacific market for flexible plastic packaging accounts for the largest share. This is on the back of the surging e-commerce industry in emerging countries.

North America is the second-leading region due to initiatives adopted by manufacturers for new product development.

Information Source: https://www.fortunebusinessinsights.com/flexible-plastic-packaging-market-108075

Competitive Landscape:

Leading Companies Deploy Collaboration Strategies to Introduce Innovative Products

The flexible plastic packaging market depicts a highly competitive and fragmented structure. Huhtamaki, Amcor, Sonoco Products Company, Berry Global, Sealed Air, and others are some of the key companies in the market. Many strategic measures, including joint ventures, product innovations, and capacity expansions, are being focused on by leading companies to boost their industry standing. Several companies are also focusing on collaborations to launch innovative products.

Key Industry Development:

November 2023: Mondi announced a collaboration with Skånemejerier to develop a mono-material, polypropylene (PP) based packaging for cheese. Moreover, high barriers against water vapors and oxygen are provided by the mono-material solution.