The global flexible plastic packaging market is projected to reach USD 43.9 billion by 2028, driven by increased demand for convenient and sustainable packaging solutions. Key market players like Amcor Plc, Berry Global Inc., and Huhtamaki Oyj are driving innovation and competition through new product development and investments in recycling capacity. The report highlights the market segmentation by product type, end-user, and geography.
The global flexible packaging market is projected to experience significant growth from 2024 to 2028, driven by rising demand for lightweight, convenient, and economical packaging solutions. This growth is being fueled by a shift towards sustainable practices, with companies focusing on reducing their carbon footprint and utilizing eco-friendly materials like bioplastics. The market is expected to reach millions of tonnes in production volume, with a focus on extending product shelf life and ensuring product protection across various sectors, including food and beverages, pharmaceuticals, and cosmetics.
The global flexible packaging market is projected to experience substantial growth from 2024 to 2028, fueled by a rising focus on extending product shelf life and advancements in sustainable packaging solutions. The market is expected to expand at a CAGR of nearly 3.93% during the forecast period. This growth is attributed to the increasing demand for lightweight, convenient, and environmentally friendly packaging options. Key players in the industry are focusing on incorporating recyclable and compostable materials, such as bio-based plastics, into their packaging solutions.
