The multilayer flexible packaging market is predicted to surpass rigid packaging between 2022 and 2029 and reach US$ 210 Bn. A CAGR of 3.5% is predicted.
Due to its many advantages, such as its low cost, excellent resilience, and light weight, multilayer flexible packaging is becoming increasingly necessary on a global scale. This market analysis includes flexible packaging types such as bags, pouches, sachets, wrapping films, laminates, and others (liners, stick packs, and more). Multilayer Flexible Packaging utilises 70% Less Material in Production Than Rigid Packaging. Aluminium foil and metalized plastic sheets are being used more and more in the production of flexible packaging bags and pouches.
The rising demand for packaged food and beverages is likely to propel the multilayer flexible packaging market to considerable growth during the forecast period. The main market drivers, constraints, and opportunities that are anticipated to affect the industry’s growth are included in the report.
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The competition analysis of the market, which offers details on the market shares of the major competitors, is also included in the study. The study gives a thorough overview of the multilayer flexible packaging industry worldwide, outlining its growth prospects, major trends, and difficulties.
Making educated judgements is the goal of the report, which is aimed at stakeholders like suppliers, manufacturers, and investors. It offers a thorough examination of the market, taking into account all the crucial facets of the sector. On our website, the report can be purchased along with a customised research option.
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Key Takeaways of Multilayer Flexible Packaging Market Study
- In terms of value, the pouches & sachets segment is expected to account for maximum market share in the global multilayer flexible packaging market during 2019-2029, attributable to the rising demand for small-sized sachets & pouches for the packaging of a variety of food products.
- By layer structure, the 5 layer segment is anticipated to grow 1.2X by the end of 2023.
- The plastic material segment is expected to create total incremental revenue opportunity of US$ 96 Bn by the end of 2029, owing to ease of availability and cost-effectiveness.
- North America is anticipated to maintain its dominance in the global multilayer flexible packaging market during the forecast period. This growth can be attributed to the presence of well-established market players in the region. East Asia and South Asia are anticipated to be highly lucrative markets, on the back of significant consumption and production of multilayer flexible packaging solutions at cost-effective rates.
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Key Players:
- Scientex
- Constantia Flexibles
- Glenroy
- Berry Global Group
- Amcor
- Mondi Group
- Coveris Holdings
Key Segments Covered in Multilayer Flexible Packaging Industry Research
Multilayer Flexible Packaging Market by Product
- Bags
- Pouches & Sachets
- Wrapping Films
- Laminates
- Others (Liners, Stick Packs, etc.)
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Multilayer Flexible Packaging Market by Material
- Plastic
- Polypropylene (PP)
- BOPP
- CPP
- OPP
- Polyethylene (PE)
- LDPE
- LLDPE
- HDPE
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