Flexible Plastic Packaging Coating Market Size

Flexible Plastic Packaging Coating Market size was valued at USD 2.23 billion in 2024 and is likely to exceed USD 4.16 billion by the end of 2037, registering over 5.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of flexible plastic packaging coating is evaluated at USD 2.32 billion.

The growth of the market is primarily ascribed to rising sales and demand for snacks across the globe, followed by the massive surge in the consumer goods industry. For instance, in 2022, the snack food segment was estimated to touch off revenue of approximately USD 60 billion. Also, the expansion in the e-commerce industry has propelled the demand for canned food and beverages across the globe which is further anticipated to bolster the demand for flexible plastic packaging coatings.

Global flexible plastic packaging coating market trends such as, skyrocketing development and manufacturing of tablets & capsules and growing food supply worldwide are projected to influence the growth of the market positively over the forecast period. As per a recent report, the global tablet segment is projected to garner nearly USD 60 billion by 2027. Meanwhile, in 2021, the total shipment of tablets worldwide was estimated to be about 150 million units. Apart from the aforementioned factors, other growth factors such as the escalation in the usage rate of skin & hair care products and rapid growth in the cosmetics industry are further expected to impetus the growth of the market over the forecast period. For instance, as of 2022, the skin care segment was anticipated to generate total revenue of around USD 8 billion. Another factor that is projected to positively contribute to the expansion of market size is the rising focus on opting for environment-friendly packaging coatings for sustainable development. Flexible plastic packaging utilizes less amount of natural resources and a low amount of energy in manufacturing, and creates fewer greenhouse gas emissions for packaging; hence, making flexible plastic packaging coatings cost-effective and highly sustainable.