Flexible Plastic Packaging Market Outlook:
Flexible Plastic Packaging Market size was over USD 202.91 billion in 2024 and is anticipated to cross USD 315.11 billion by 2034, growing at more than 4.5% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of flexible plastic packaging is estimated at USD 210.67 billion.
The primary growth factor of the market is increasing awareness about the environmental impact and health hazards posed by traditional rigid packaging. This has resulted in an increased demand for sustainable, reusable, and recyclable forms of packaging. As per recent data, in 2018, 14.5 million tonnes of plastic packaging and containers were produced, or around 5.0 percent of the total amount of MSW (municipal solid trash) that was produced.
Flexible plastic packaging utilizes reduced energy, less natural resources, and produces less greenhouse gas emissions during production. Flexible plastic packaging extends product shelf life and decreases product waste; for instance, bananas packaged in flexible plastic bloom more slowly, extending shelf life. This kind of packaging frequently eliminated as little packing as possible, reducing the cost of product warehousing and shipping while preserving or enhancing product protection. As per World Bank estimates, 250 million metric tonnes of plastic garbage are produced annually, and only around 14% of that plastic is recycled, according to estimates that vary significantly. By 2030, the industry potentially emits 1.34 billion tonnes of greenhouse gases annually, which is the same number of emissions as 300 brand-new 500-megawatt power plants.
