Flexible Packaging Paper Market Trends

  • Report ID: 4584
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Flexible Packaging Paper Market Trends

Growth Drivers

  • Rising Demand for Flexible Packaging Paper in Pharmaceuticals – Based on a report, the pharmaceutical industry was projected to be around USD 1.5 trillion in 2021. The pharmaceutical industry comprises the discovery, development, production, packaging, and distribution of medicines and drugs. The medicines and drugs are supplied from country to country for consumption by patients. Therefore, the proper demand for packaging these medicines emerges in the market, resulting in higher utilization of flexible packaging paper.

  • Worldwide Escalation in the Ready-to-Eat Food Industry - Ready-to-eat, instant food mix is gaining popularity as such food is most convenient for those people who have a hectic work schedule. Ready-to-eat food products are one of the best alternatives to traditional cooking that saves a lot of time. Such benefits have made these meals highly demanded by working people and students. Therefore, the surging demand for instant food has been increasing the growth ratio of the ready-to-eat food industry across the globe, which is further estimated to positively affect the flexible packaging paper market in the coming years. For instance, the global value of the ready-to-eat food industry is expected to be approximately USD 198 billion by 2026.

  • Growing Inclination of Men Toward Makeup and Cosmetics - As of 2020, it was estimated that nearly 60% of men were using makeup or concealer across the globe.

  • Increasing Production and Demand for Skin & Hair Care Products – For instance, in 2022, the skin care segment across the globe was projected to be nearly USD 8 billion.

  • Worldwide Growth in Retail E-Commerce – For instance, global retail e-commerce sales were estimated to be around USD 6 trillion in 2021. By 2026, this amount is estimated to propel nearly 58%, totaling roughly USD  9 trillion.

Challenges

  • Possibility of Negative Impact on the Environment – As packaging paper often ends up in landfills, taking up more space than plastic.  Also, the paper has poor barrier properties and offers less of a barrier to oxygen, light, and microbes than other packaging materials. Hence, this factor is estimated to hamper the market growth over the projected time frame.
  • Disrupted Supply Chain Owing to COVID-19
  • Lack of Awareness and Proper Investment

Flexible Packaging Paper Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

Base Year Market Size (2022)

~ USD 45 Billion

Forecast Year Market Size (2033)

~ USD 60 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Base Year

2024

Forecast Year

2025-2037

CAGR

5.6%

Base Year Market Size (2024)

USD 50.33 billion

Forecast Year Market Size (2037)

USD 100.55 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits:  Abhishek Anil


  • Report ID: 4584
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of flexible packaging paper is assessed at USD 52.54 billion.

The 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. Rising demand for flexible packaging paper in pharmaceuticals, worldwide escalation in ready-to-eat food industry, and worldwide growth in retail e-commerce will boost the market growth.

Asia Pacific is projected to hold largest industry share by 2037, attributed to dynamically increasing food and beverage industry, along with the surge in the demand for packaged food products.

The major players in the market include Smurfit Kappa Group, JK Paper Limited, Sappi Europe SA, Packaging Corporation of America (PCA), International Paper Company, Billerud AB, WestRock Company, Nippon Paper Industries Co., Ltd., Canadian Kraft Paper Industries Limited.
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