Flexible Packaging Market Size

Flexible Packaging Market size was valued at USD 72.69 billion in 2024 and is likely to exceed USD 145.25 billion by the end of 2037, expanding at over 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of flexible packaging is evaluated at USD 75.89 billion.. The growth of the market can primarily be attributed to the growing demand for cosmetics, boosting the demand for eCommerce sales, and the utilization of all types of products by people across the globe to maintain their skin and hair. As per the estimations, in the United States alone about USD 50 billion is spent on cosmetics every year with USD 240 to USD 300 for one month. Cosmetic manufacturers love flexible packaging, as it helps to pack liquid forms of products without spillage or leak issues. Creams, lotions, oils, and spray tan liquids are packed using flexible packaging, which reduces cost and occupies less space in warehouse and on salon counters. Additionally, flexible packaging helps to minimize carbon emissions into the environment, making it ecofriendly and a consumer preference.

Global flexible packaging market trends such as the growing consumption of ready-to-drink beverages are projected to influence the growth of the market positively over the forecast period. The total sales volume of ready-to-drink alcoholic beverages increased by 38 percent from 2018 to 2022 in the United States. Moreover, the constantly rising demand for beauty products and the escalating inclination of men toward personal grooming are further expected to hike the growth of the market over the forecast period. For instance, around USD 500 billion of revenue was generated by the beauty & personal care segment alone in 2022 across the globe. Such factors are anticipated to hike the growth of the market over the forecast period.