Flexible Industrial Packaging Market Share

APAC Market Statistics

Asia Pacific industry is set to account for largest revenue share of 48% by 2037. Flexible industrial packaging is widely used in the pharmaceutical sector in the Asia Pacific region because it protects materials and products from damage, contamination as well as environmental factors when they are transported, stored, or handled at a site.

The Indian pharmaceutical sector is the world's 3rd largest by volume and 14th in terms of value, according to the Ministry of Pharmaceuticals. For the year 2019-2020, the total annual turnover of the pharmaceutical sector was USD 35,084 million.

The need for epoxy hardeners is being driven by China's construction sector's significant rise due to the country's increasing urbanization. The National Bureau of Statistics of China estimates that the value of China's building production in 2021 was close to USD 4.2 trillion. By the end of 2021, China had 2.26 million construction companies.

Demand for flexible packaging solutions in India is set to increase as a result of the country's strong pharmaceuticals sector, together with increased investments, population growth, enhanced health awareness, and higher life expectancy.

 In particular, Australia's processed food, fresh produce and meat sectors are experiencing an increase. Demand for locally grown fresh food is driven by health-conscious trends and a greater emphasis on consumer ethics.

European Market Analysis

Flexible industrial packaging market size for Europe region is projected to observe lucrative growth through 2037. Market demand for flexible industrial packaging will be driven by the region's growing demand for personal care and cosmetic products. Focusing on Europe, skin care products accounted for more than 27 % of the cosmetic market in 2019 and represent the dominant force in the cosmetic industry.

Demand for the product in the United Kingdom is mainly driven by the demand for packaged foods and beverages, together with the ease of use and the cost-effectiveness of pouches compared to rigid packaging products.

The market growth in the region is driven by the increasing penetration of cosmetic products in France.

The growing demand for beauty and skincare-related products is to boost the market growth in Germany.