Sustainable Solutions Drive Multilayer Flexible Packaging Market to US$ 252.4 Billion | FMI

The global multilayer flexible packaging market is expected to experience significant growth, rising from US$ 170.5 billion in 2023 to US$ 252.4 billion by 2033, or a strong Compound Annual Growth Rate (CAGR) of 4% during the projection period.

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Key Market Trends and Highlights:

1. Emphasis on Sustainability: The introduction of sustainable materials and techniques in multilayer flexible packaging has been prompted by environmental concerns. Recyclable and biodegradable materials are being used by businesses more frequently in order to lower their carbon footprint and satisfy consumer demand for environmentally friendly packaging options.
2. Consumer Demand for Convenience: Innovation in packaging is being driven by consumer preferences for convenience. Multilayer flexible packaging features attributes such as resealable zippers, easy-to-open designs, and portion control, aligning with the evolving needs of modern consumers.
3. Rise of E-Commerce: The burgeoning e-commerce sector has amplified the demand for durable and protective packaging solutions. Multilayer flexible packaging, with its lightweight, cost-effective, and customizable features, is well-suited for shipping products, providing protection during transit, and reducing transportation costs.
4. Advancements in Packaging Technology: Technological advancements are reshaping the packaging landscape. Smart packaging, equipped with features like QR codes for tracking, freshness indicators, and interactive labels, enhances product visibility, optimizes supply chain management, and enhances consumer engagement.
5. Dominance of the Food Industry: The food industry remains a primary driver of growth in the multilayer flexible packaging market. Brands leverage these packages to extend shelf life, preserve product freshness, and enhance visual appeal, meeting consumer demand for safe, convenient, and aesthetically pleasing food products.

Vital Dynamics Propelling Market Growth:

• Sustainable Solutions: The market is witnessing a strong push towards sustainable packaging solutions, driven by increasing environmental awareness and consumer preferences for eco-friendly options.
• Convenience Features: Consumer demand for convenience continues to fuel innovation in packaging, positioning multilayer flexible packaging for significant market growth.
• E-commerce Expansion: With the rapid growth of online shopping, multilayer flexible packaging offers customized, protective, and cost-effective solutions, catering to the evolving needs of e-commerce platforms.

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Opportunities and Future Outlook:

Multilayer flexible packaging stands to capitalize on the rising demand for sterile and tamper-evident packaging in the healthcare and pharmaceutical sectors.

The continued expansion of online shopping presents opportunities for multilayer flexible packaging to provide tailored, protective, and economical solutions to meet evolving consumer needs.

1. Sustainable Packaging Solutions:
   • The demand for eco-friendly packaging is rising. Developing and offering sustainable multilayer flexible packaging solutions can open new avenues for business growth.
2. Technological Innovation:
   • Investing in research and development to introduce advanced technologies in packaging, such as smart packaging and barrier coatings, can enhance product offerings and attract a wider customer base.
3. Global Market Expansion:
   • Exploring and expanding into emerging markets can provide significant growth opportunities. Tailoring packaging solutions to meet the specific needs of diverse regions can be a key strategy.
4. Customization and Personalization:
   • Offering customizable packaging solutions to meet the unique requirements of different industries or brands can be a competitive advantage. This includes variations in size, shape, and printing capabilities.
5. E-commerce Packaging Solutions:
   • With the growth of e-commerce, there is a rising demand for packaging solutions that protect products during transit. Developing packaging solutions tailored for e-commerce applications can be a lucrative opportunity.

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.

Key Companies Profiled              

• Scientex
• Constantia Flexibles
• Glenroy
• Berry Global Group
• Amcor
• Mondi Group
• Coveris Holdings
• Sonoco Products
• Winpak
• Sealed Air
• Uflex
• Toray Plastics
• Schur Flexibles Holding

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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)
• 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.

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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