Name: Flexible Paper Packaging Market - Price, Size, Share & Growth
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy

Flexible paper packaging are used to protect and package products. These are environmentally friendly bags that are available in different shapes and colors with durability.

Market Dynamics:-

Increasing awareness about sustainable packaging is a major factor that is expected to drive growth of the market over the forecast period. Furthermore, rising demand for flexible paper packaging from end-use industries such as food and beverages is also expected to drive growth of the flexible paper packaging market over the forecast period. For instance, according to the Statistics Canada and Annual Survey of Manufactures, revenue generated from food manufacturing industry in Ontario, Canada was US$ 24,080.90 million in 2012 and increased to reach US$ 27,069.65 million in 2017.

Development of innovative packaging products is expected to fuel growth of the global flexible paper packaging market over the forecast period. For instance, in April 2018, Sappi Limited, a manufacturer of sustainable wood fiber products and solutions, launched recyclable flexible paper packaging with integrated sealing functionality. It is designed to replace heat seal plastic laminates used in food and other industrial sectors as flexible standard packaging.

Market Outlook:-

Among regions, North America held a dominant position in the global flexible paper packaging market in 2018. In North America, the U.S. held the highest market share in 2018, and is expected to retain its dominance over the forecast period. This is attributed to rising demand for green and eco-friendly packaging in the region. For instance, according to Coherent Market Insights’ analysis, in 2016, North America held a dominant position in the global green packaging market accounting for 30% of market share.

Moreover, Asia Pacific is expected to be a lucrative region in global flexible paper packaging market by 2020, owing to shift in consumer preference from plastic to paper. Furthermore, government initiatives to ban plastics in India and China, is expected to fuel growth of the flexible paper packaging market over the forecast period. For instance, according to India’s Ministry of Environment, Forest and Climate Change, India banned the import of plastic wastes from August 2019.

Furthermore, in November 2018, Ahlstrom-Munksjö, one of the leading player in innovative and sustainable fiber solutions, developed a flexible packaging solution by entering into a partnership with five companies, which includes three research centers and two industrial partners. The aim of this partnership was to develop biodegradable, renewable and recyclable flexible paper based packaging by using sustainable materials to reduce the volume of plastic films.

Key Players:-

Players operating in the global flexible paper packaging market include Mondi Group Plc, Smurfit Kappa Group plc, Sappi Limited, International Paper Company, Nippon Paper Industries Co., Ltd., WestRock Company, Georgia-Pacific LLC, KapStone Paper and Packaging Corp., Packaging Corporation of America, and BillerudKorsnäs AB among others.

Key Developments:-

Players operating in the global flexible paper packaging market are focused on adopting different strategies such as merger and acquisition to strengthen their market position in the global market. For instance, in November 2014, Novolex, a manufacturer of flexible packaging products acquired Packaging Dynamics Corporation. The acquisition led to offer broad range of plastic and paper flexible packaging products for grocery, food service, food manufacturing, retail, industrial and distribution end markets.

Market Taxonomy:-

On the basis of product type, the global flexible paper packaging market is segmented into:

Coated Kraft Paper
Uncoated Kraft Paper
Sack Kraft Paper
Gift Wraps
Others

On the basis of packaging type, the global flexible paper packaging market is segmented into:

Flat Pouches
Stand up Pouches
Gusseted Bags
Wraps
Others

On the basis of application, the global flexible paper packaging market is segmented into:

Food and Beverage
Pharmaceutical and Medical
Personal Care and Household Industry
Others

On the basis of region, the global flexible paper packaging market is segmented into:

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Spain
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East
- GCC
- Israel
- Rest of Middle East
Africa
- North Africa
- Central Africa
- South Africa

About Author

He is a seasoned market research consultant with over 12 years of extensive experience in the fast-moving consumer goods (FMCG) and plastics material industries. He holds a Master’s degree in Business Administration with specialization in Marketing from Nirma University, one of India’s reputed institutions, which has equipped him with a solid foundation in strategic marketing and consumer behavior.

As a Senior Consultant at CMI for the past three years, he has been instrumental in harnessing his comprehensive understanding of market dynamics to provide our clients with actionable insights and strategic guidance. Throughout his career, He has developed a robust expertise in several key areas, including market estimation, competitive analysis, and the identification of emerging industry trends. His approach is grounded in a commitment to understanding client needs thoroughly and fostering collaborative relationships. His dedication to excellence and innovation solidifies his role as a trusted advisor in the ever-evolving landscape of not only FMCG but also chemicals and materials markets.