Sustainable Flexible Packaging Market

Global Sustainable Flexible Packaging Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2023-2029: The increasing demand for sustainable packaging solutions due to growing environmental concerns, and advancements in technology and materials are some of the major factors driving the market growth.

Global Sustainable Flexible Packaging Market is valued at USD 249.80 Billion in 2022 and it is expected to reach USD 386.87 Billion by 2029 with a CAGR of 5.62% over the forecast period.

Scope of Global Sustainable Flexible Packaging Market Report-

Sustainable flexible packaging refers to packaging materials that are designed to have minimal impact on the environment and are made from sustainable resources. These materials are usually lightweight, durable, and flexible, making them suitable for a wide range of applications. However, the use of sustainable materials in flexible packaging has gained popularity in recent years due to growing environmental concerns. The first attempts to create sustainable flexible packaging can be traced back to the 1970s when biodegradable plastics were developed.

Sustainable flexible packaging is used in a wide range of industries, including food and beverage, healthcare, personal care, and household products. It is used to package products such as snacks, coffee, tea, frozen food, pet food, pharmaceuticals, and more. Sustainable flexible packaging is also used for transportation, storage, and distribution purposes. The end-users of sustainable flexible packaging include manufacturers, retailers, and consumers.

Revenue Generation Model:

The revenue generation model of sustainable flexible packaging is based on the sale of sustainable packaging materials to manufacturers and retailers. Manufacturers and retailers pay for sustainable packaging materials based on volume and the type of material used.

Supply Chain Model:

The supply chain model of sustainable flexible packaging involves raw material suppliers, packaging manufacturers, and product manufacturers. Raw material suppliers provide sustainable materials such as paper, bioplastics, and compostable materials to packaging manufacturers. Packaging manufacturers convert these materials into sustainable packaging materials, which are then sold to product manufacturers for use in packaging their products.

Value Chain Model:

The value chain model of sustainable flexible packaging includes material sourcing, packaging design, production, distribution, and disposal. Each step of the value chain focuses on reducing the environmental impact of the packaging.

Covid-19 Impact on the Global Sustainable Flexible Packaging Market:

The Covid-19 pandemic has had a mixed impact on the global sustainable flexible packaging market. On one hand, the pandemic has led to an increase in demand for packaged food, beverages, and other essential goods, which has driven the growth of the sustainable flexible packaging market. Consumers are increasingly concerned about hygiene and safety, which has led to a preference for packaged goods.

On the other hand, the pandemic has disrupted global supply chains and led to a shortage of raw materials, which has increased the cost of sustainable packaging. Additionally, the closure of retail stores and restaurants has reduced the demand for packaged goods, which has negatively impacted the sustainable flexible packaging market.

Overall, while the pandemic has presented challenges for the sustainable flexible packaging market, the growing consumer awareness about sustainability and hygiene is expected to drive the long-term growth of the market.

Key Players of Global Sustainable Flexible Packaging Market Report-

• Amcor Limited
• Bemis Company Inc.
• Berry Global Inc.
• Mondi Group
• Constantia Flexibles Group GmbH
• Sealed Air Corporation
• Huhtamaki Oyj
• Coveris Holdings S.A.
• ProAmpac LLC
• Sonoco Products Company
• Uflex Ltd.
• Winpak Ltd.
• Taghleef Industries LLC
• Innovia Films Ltd.
• Glenroy Inc.
• Ampac Holdings LLC
• American Packaging Corporation
• Bischof + Klein GmbH & Co. KG
• Clondalkin Group Holdings B.V.
• Flextrus AB
• Fres-co System USA Inc.
• Glenroy Inc.
• HAVI Global Solutions LLC
• Hood Packaging Corporation
• Inteplast Group
• Jindal Films Americas LLC
• Klockner Pentaplast Group
• Novolex Holdings Inc.
• Oliver Healthcare Packaging
• Paharpur 3P
• Plastic Packaging Technologies LLC
• Printpack Inc.
• Promens Group
• Schur Flexibles Group
• Shanghai Zijiang Enterprise Group Co. Ltd.
• Sihl GmbH
• Smurfit Kappa Group plc
• Südpack Verpackungen GmbH + Co. KG
• Tekni-Plex Inc.
• Transcontinental Inc.
• Treofan Germany GmbH & Co. KG
• Wipak Group
• Wrapping Solutions Ltd.
• Yupo Corporation
• Zumbiel Packaging
• RKW SE
• Sappi Limited
• Polyplex Corporation Limited

Global Sustainable Flexible Packaging Market Segmentation:-

By Material:

• Paper and Paperboard
• Coated Unbleached
• Bleached Paperboard
• Molded Fiber Pulp
• Corrugated Board
• Plastics
• PLA
• PHB
• PBS
• Starch-Based Plastic
• Others
• Other

By Process:

• Reusable Packaging
• Degradable Packaging
• Recycled Packaging

By Application:

• Food and Beverage
• Snacks
• Coffee
• Tea
• Frozen Food
• Pet Food
• Others
• Healthcare
• Personal Care
• Household Products
• Other

By Regional & Country Level:

• North America
  • S.
  • Canada
• Europe
  • K.
  • France
  • Germany
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • GCC
  • Africa

Rest of Middle East and Africa

Market Drivers:

Increasing demand for sustainable packaging solutions due to growing environmental concerns: The increasing demand for sustainable packaging solutions is driven by growing environmental concerns, including the negative impact of traditional packaging materials on the environment. Consumers and businesses are increasingly aware of the need to reduce waste and conserve natural resources. Sustainable packaging solutions, such as those made from biodegradable or recyclable materials, are seen as a way to address these concerns while still meeting the packaging needs of businesses and consumers.

Additionally, the Biodegradable Products Institute (BPI) reports that the use of certified compostable products has grown by 15% annually over the past decade. In the US 21.6 million tons of plastic waste is generated in each year, but only 9.1 million tons are recycled.

Advancements in technology and materials, lead to the development of new and innovative sustainable packaging solutions: Advancements in technology and materials are driving the development of new and innovative sustainable packaging solutions. Advances in materials science are leading to the creation of biodegradable, compostable, and recyclable packaging materials that are more environmentally friendly than traditional materials. The global production capacity for bioplastics is expected to grow from 2.11 million tons in 2019 to 2.62 million tons by 2024, driven by the demand for biodegradable and compostable packaging materials.

Innovations in packaging design and manufacturing are also allowing for the creation of lightweight, durable, and customizable packaging solutions that can help reduce waste and carbon footprint. The European Plastics Converters (EuPC) found that lightweight plastic packaging can reduce carbon footprint by up to 60%, compared to traditional packaging materials.

Market Restraints:

Limited availability of sustainable raw materials and packaging materials: One of the major restraining factors for the sustainable packaging industry is the limited availability of sustainable raw materials and packaging materials. The Sustainable Packaging Coalition reports that as of 2020, the availability of sustainable raw materials for packaging is limited, and the use of sustainable materials such as bioplastics and plant-based fibers accounts for a small percentage of the overall packaging materials used.

Mraket Opportunities:

Government initiatives: Governments around the world are taking initiatives to reduce plastic waste and promote sustainable packaging solutions. The sustainable flexible packaging market has an opportunity to benefit from these initiatives and work with governments to develop sustainable packaging solutions that meet regulatory requirements.

Expansion in the food and beverage industry: The food and beverage industry is a significant consumer of flexible packaging, and there is an opportunity for the sustainable flexible packaging market to cater to this growing demand. The increasing demand for packaged food and beverages, particularly in developing economies, presents a significant opportunity for the market.

Market Trend:

Product and Technology Development:

• There is a growing trend towards the development of plant-based and renewable materials, as well as materials that can be easily recycled or repurposed.
• Manufacturers are also exploring new production techniques and technologies, such as digital printing, that can improve production efficiency and reduce waste.

Customer Trends:

• Consumers are increasingly prioritizing sustainability and eco-friendliness when making purchasing decisions, driving demand for sustainable packaging solutions.
• There is a growing demand for packaging that can enhance product freshness, quality, and safety, such as active and intelligent packaging solutions.
• E-commerce is driving demand for flexible packaging solutions that are lightweight, durable, and can be easily transported and stored.

Market Competition Nature:

• Key players in the Sustainable Flexible Packaging market include Amcor Limited, Mondi Group, Sealed Air Corporation, Berry Global, and Huhtamaki Oyj.
• To stay competitive, companies are adopting strategies such as mergers and acquisitions, partnerships, and investments in research and development.
• Companies are also focusing on product differentiation and innovation, as well as improving operational efficiency and supply chain sustainability.

Geography Analysis:

North America:

North America is one of the largest markets for sustainable flexible packaging, driven by the growing demand for environmentally friendly packaging solutions in the region. Key factors driving the market include increasing environmental awareness, stringent regulations on plastic waste, and rising demand for sustainable packaging materials in various end-use industries. The food and beverage industry is the largest end-use segment for sustainable flexible packaging in North America, accounting for over 38.9% of the market share in 2020.

Europe:

Europe is a significant market for sustainable flexible packaging, driven by increasing environmental concerns, stringent government regulations on plastic waste, and rising demand for sustainable packaging materials in various end-use industries. Key players operating in the market are focusing on product innovation, mergers and acquisitions, and collaborations to expand their product portfolios and strengthen their market position. Germany is the largest market for sustainable flexible packaging in Europe, accounting for around 25% of the market share in 2020.

Additionally, European Bioplastics Association found that the global production capacity for bioplastics is expected to grow from 2.11 million tons in 2019 to 2.62 million tons by 2024, driven by the demand for biodegradable and compostable packaging materials.

Key Benefits of Global Sustainable Flexible Packaging Market Report–

• Global Sustainable Flexible Packaging Market report covers in-depth historical and forecast analysis.
• Global Sustainable Flexible Packaging Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country Level.
• Global Sustainable Flexible Packaging Market report helps to identify opportunities in the marketplace.