The Canadian multilayer flexible packaging market is expected to reach a substantial US$ 30 billion by 2033, with a steady CAGR of 4.1%. This growth is primarily driven by the increasing demand for packaged food, a growing preference for recycled and eco-friendly packaging, and innovations in polymer materials for various sectors, including food and beverages, cosmetics, pharmaceuticals, and more. Additionally, the rise in consumer awareness of cruelty-free and organic skincare products is expected to boost the demand for multilayer flexible packaging in the beauty and personal care industry.
In the United States, the multilayer flexible packaging industry is also thriving, with a projected 3.9% CAGR from 2023 to 2033, reaching an estimated value of US$ 23 billion. The food and beverage industry plays a pivotal role in driving this market’s growth, along with the pharmaceutical sector, which is investing heavily in research and development. Key players like Amcor, Bemis, Berry Global, Sealed Air, and Sonoco are actively engaged in developing innovative packaging solutions, making the market highly competitive.
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The global multilayer flexible packaging market is poised for substantial growth, with an anticipated value of US$ 170.5 billion in 2023. This market is on track to reach an impressive US$ 252.4 billion by 2033, boasting a commendable Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033.
Several key trends and highlights are driving this growth trajectory. Environmental concerns are at the forefront, compelling companies to adopt sustainable materials and practices in multilayer flexible packaging. The industry is increasingly incorporating recyclable and biodegradable materials to reduce its carbon footprint.
Moreover, consumer demand for convenience continues to be a major driver, leading to innovations in packaging design. Multilayer flexible packaging now offers features like resealable zippers, easy-to-open designs, and portion control to meet these evolving demands.
The food industry remains a primary catalyst for growth in the multilayer flexible packaging industry. Brands are turning to these packages to extend shelf life, maintain product freshness, and enhance visual appeal. Additionally, with the surge in e-commerce, there’s a growing need for durable and protective packaging. Multilayer flexible packaging stands out for its lightweight, cost-effective, and customizable solutions, making it the preferred choice for shipping products in this digital retail landscape.
Key Takeaways
- Canada is predicted to reach US$ 30 billion by 2033, with a 4.1% CAGR.
- The multilayer flexible packaging market in the United Kingdom is expected to reach US$ 23 billion by the end of this forecast period.
- China’s multilayer flexible packaging industry is projected to be worth US$ 27 billion.
- China’s industry is expected to develop at a CAGR of 4% through 2033.
- The multilayer flexible packaging industry in the United Kingdom is forecast to value at US$ 21 billion by 2033.
“The food industry continues to be a key driver of multilayer flexible packaging demand. These packages are used by brands to increase shelf life, retain product freshness, and improve visual appeal, in response to consumer demand for safe, convenient, and visually beautiful food goods,” says an FMI analyst.
Competitive Landscape
The market’s leading players are creating flexible plastic packaging films with MAP (modified atmosphere packaging) abilities, which enable tabling various levels of visibility to change the interior surroundings of the package to optimize the item’s shelf life.
- In February 2023, ProAmpac, North America’s global flexible packaging producer, debuted ProActive Recyclable, a cutting-edge recyclable packaging range of products. This unique product line aids businesses in addressing client requests for sustainable packaging.
- On February 8, 2023, APK, a German company that focuses on a proprietary solvent-based recycling process for low-density polyethylene (LDPE), announced a new round of funding of around €130M. APK’s mission is to promote the recycling of multi-layer flexible packaging supplies.
Another major factor contributing to the growth of the multilayer flexible packaging market is the rise in e-commerce sales. As more consumers turn to online retailers for their shopping needs, the demand for durable, tamper-proof packaging that can withstand the rigors of shipping and handling is increasing. Multilayer flexible packaging is well-suited to meet this demand, as it can provide the necessary protection for products during transit while still being lightweight and easy to handle.
In addition to these drivers, the market is also being boosted by advances in technology. The development of new materials and manufacturing techniques is making it possible to produce multilayer flexible packaging that is even more durable and effective at preserving the quality and freshness of products. This, in turn, is helping to attract new customers and increase sales for manufacturers.
Despite the growth in this market, there are also some challenges that manufacturers must contend with. One of the biggest challenges is the high cost of raw materials. The use of multiple layers of different materials can drive up the cost of production, making it more difficult for manufacturers to compete on price. Additionally, some consumers are becoming more environmentally conscious and are looking for more sustainable packaging options. This is a growing trend that manufacturers will need to take into account to stay competitive in the industry.
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Overall, the multilayer flexible packaging industry is expected to continue growing in the coming years, driven by increasing demand for convenient and easy-to-use packaging, the rise in e-commerce sales, and advances in technology. Manufacturers will need to stay attuned to the changing preferences of consumers and adapt to new technologies in order to remain competitive in this market.
This report provides detailed analysis of the market, including industry size, industry share, revenue, and growth rate of the market, by various segmentation. The report also includes the competitive landscape of the key players operating in the market, along with their business strategies and recent developments. The report also provides detailed analysis of the market, including market size, market share, revenue, and growth ate of the market, by various segmentation.
“Shift from rigid packaging to flexible packaging is the leading trend in the global packaging industry. Changing packaging needs enable brand owners to enjoy high profitability margins, owing to reduction in transportation cost and cheaper package cost.”
Market Landscape
The global multilayer flexible packaging market is identified as a highly competitive and fragmented market. Unorganized and local players can leverage significant growth opportunities in the global multilayer flexible packaging market. Some of the key players operating in the multilayer flexible packaging industry are Sealed Air Corp., Mondi Group Plc, Berry Global Group, Inc., Scientex Berhad, and Uflex Ltd., among others. Key players are focusing on acquisitions and product innovation with the aim of expanding their footprint and customer base across the globe.
- In November 2019, Constantia developed its first plant Constantia Ecoflex at Ahmedabad, India, for producing sustainable and recyclable flexible packaging.
- In February 2019, Amcor Limited introduced Genesis, a polyethylene laminate with the look and feel of traditionally-oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, homecare, personal care, and other industries. The company acquired Bemis Company Inc., which is one of the leading manufacturers of multilayer flexible packaging.
- In June 2019, Sealed Air Corp. acquired MGM’s flexible packaging business. MGM is a privately-held company that is headquartered in Manila, the Philippines. This acquisition will allow the company to expand its food packaging operations in Asia.
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Key Segments:
By Product
- Bags
- Pouches & Sachets
- Wrapping Films
- Laminates
- Others (Liners, Stick Packs, etc.)
By Material
- Plastic
- Polypropylene (PP)
- BOPP
- CPP
- OPP
- Polyethylene (PE)
- LDPE
- LLDPE
- HDPE
- Polyethylene Terephthalate
- Polyvinylidene Chloride (PVDC)
- Ethylene Vinyl Alcohol (EVOH)
- Ethylene Vinyl Acetate (EVA)
- Polyvinyl Chloride (PVC)
- Polyamide (PA)
- Polyethylene (PE)
- Paper
- Aluminium Foil
By Layer Structure
- 3 Layers
- 5 Layers
- 7 Layers
- More than 7 Layers
By End-use
- Food
- Meat, Poultry, and Seafood
- Bakery & Confectionery
- Snacks
- Dairy
- Pet Food
- Baby Food
- Other Food Products
- Beverages
- Pharmaceuticals
- Automotive
- Cosmetics and Personal Care
- Homecare
- Electricals & Electronics
- Agriculture & Allied Industries
- Textiles & Apparels
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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