Flexible Packaging Paper Market Size

Flexible Packaging Paper Market size was over USD 50.33 billion in 2024 and is poised to reach USD 100.55 billion by the end of 2037, growing at around 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of flexible packaging paper is assessed at USD 52.54 billion.

The growth of the market can be attributed to the increased spending on medicines as well as the higher utilization of flexible packaging paper in medicine packaging. For instance, as of 2021, the total spending on medicines across the globe was estimated to be around USD 1.5 trillion. Moreover, the escalating demand for packaged food as a result of a change in lifestyle, along with growing traction for sustainable packaging solutions across the globe, is also expected to add to the market growth.

In addition to these, factors that are believed to fuel the market growth of flexible packaging paper include the rise in demand for eco-friendly packaging, coupled with their cost effectiveness, and the high rising trend of ready-to-eat food. These some of the other key factors that are projected to propel the market growth over the coming years. Additionally, flexible packaging paper market trends such as the higher inclination of the global population toward personal care and hygiene, along with a surge in technological advancement that is boosting the novel innovative solutions in the packaging sector, and rising demand for flexible packaging in the electronic industry are projected to further influence the growth of the market positively over the forecast period.