Flexible Industrial Packaging Market Size

Flexible Industrial Packaging Market size was valued at USD 77 Billion in 2023 and is anticipated to reach USD 140 Billion by the end of 2036, expanding at around 4.79% CAGR during the forecast period i.e., between 2024-2036.

Sand, cement, aggregates, and granular materials are construction materials vulnerable to dust, moisture, and outside influences. Robust flexible packaging, crafted from sturdy materials such as woven polypropylene or coated cloth, provides exceptional resilience against rips and tears.

It is anticipated that rising urbanization in emerging nations will spur the building sector and increase demand for flexible packaging globally. For example, the World Bank estimates that 4.4 billion people will be living in urban areas worldwide in 2021, a 2.3% increase from 2020. Almost 70% of people on the planet will reside in cities by 2050, and the number of people living in cities will have doubled.

Using more eco-friendly materials is one of the key ways that sustainability is impacting the flexible packaging market. Conventional flexible packaging materials, including plastic, have negative environmental effects and are not biodegradable. In response, an increasing number of businesses are using more environmentally friendly and sustainable alternative materials such as bio-based polymers, monolayers, and bioplastics.

For example, bioplastics are readily compostable after use and are manufactured from renewable materials like corn starch. Additionally, consumers are searching for more environmentally friendly solutions as they become more aware of how packing affects the environment. As a result, there is a growing market for goods made using more sustainable methods and packaged in environmentally friendly materials.