Research Nester’s recent market research analysis on “Flexible Industrial Packaging Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global flexible industrial packaging market in terms of market segmentation by type, pouches size, filling process, application, layer, material, end user, and by region.
Growing Use of Flexible Packaging in Food Industry to Promote Global Market Share of Flexible Industrial Packaging
The global flexible industrial packaging market is estimated to grow majorly on account of the rising use of flexible packaging in the food and beverage sector. Flexible packaging techniques keep food fresh and flavorful. All solid and liquid food products can be safely packaged in these functional packaging choices. Flexible packaging serves several functions and provides an environmentally friendly alternative for culinary items. The demand for flexible packaging in the United States will climb 3.2% every year until 2021. Furthermore, food markets for converted flexible packaging accounted for 71% of overall demand in 2016 and increased to USD 15.5 billion in 2021. In addition to this, items with high liquid content, such as soups, are moving away from rigid packaging and into flexible packaging, such as pouches.
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Some of the major growth factors and challenges that are associated with the growth of the global flexible industrial packaging market are:
Growth Drivers:
• Growing E-Commerce Sector
• Rising Need for Attractive Packaging
Challenges:
Recycling plastic packaging waste is a difficult operation that necessitates cutting-edge infrastructure, and the whole process takes a lot of time and also requires professional expertise. This could stifle expansion in the flexible packaging business. Because of the waste produced by enterprises in this sector, the flexible packaging industry has received criticism from governmental organizations, consumers, and environmental groups. The majority of the materials utilized are frequently non-recyclable.

By material, the global flexible industrial packaging market is segmented into plastic, aluminum foil and paperboard. The plastic category is expected to generate the most market revenue of USD 91.7 billion by 2036, with a CAGR of 4.42%. In 2023, the plastic segment's market revenue was USD 53 billion. Because the materials are lightweight and flexible contribute to the segment’s growth. They may be easily molded into various shapes and sizes to meet the unique packaging requirements of various items.
By region, the market in North America, amongst the market in all the other regions, is projected to hold a market revenue of USD 30.6 billion by the end of 2036. The market revenue in the region was USD 17.8 billion in 2023, and the market is projected to grow at a CAGR of 4.33% over the forecasted period. The growth of the market can be attributed majorly to the growing use of flexible packaging in personal care products. According to the International Trade Administration of the United States Department of Commerce, the personal care and cosmetics sector in Canada will generate around USD 1.24 billion in revenue by 2021. Revenue in the industry is predicted to expand at a 1.45% annual rate, reaching USD 1.8 billion by 2024.
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