The flow wrap market is expected to be valued at US$ 4.9 billion in 2024. The market’s progress is projected to be sluggish from 2024 to 2034, with a CAGR of 3.70%. By 2034, the market value is forecasted to surpass US$ 7.1 billion.
With the rise in eCommerce and retail industries, there is a growing demand for products to be packaged in a more efficient and cost-effective manner. Flow wrap packaging, which involves sealing products in a flexible film that conforms to the shape of the product, offers a more efficient and streamlined packaging solution compared to traditional packaging methods. This has led to an increasing demand for flow wrap packaging across various industries, including food and beverage, pharmaceuticals, and consumer goods.
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With the increasing concern over plastic waste and its impact on the environment, there is a growing demand for eco-friendly packaging solutions. Flow wrap packaging, made from recyclable materials, offers a more sustainable packaging option compared to traditional solutions. This has led to an increasing demand for flow wrap packaging among eco-conscious consumers and businesses.
The rise in demand for packaged food and consumer goods is also driving the growth of the flow wrap market. With people leading increasingly busy lifestyles, there is a growing demand for packaged food and consumer goods that are convenient and easy to use. Flow wrap packaging, providing a quick and easy way to package products, has become the go-to choice for many manufacturers of food and consumer goods. This has led to an increasing demand for flow wrap packaging across various industries, including snacks, baked goods, and personal care products.
“The growing adoption of automation and technology in the packaging industry is also driving the growth of the flow wrap market. With the increasing need for speed and efficiency in packaging operations, many manufacturers are turning to automated packaging solutions, which include flow wrap machines.” – Says an analyst at FMI.
Key Takeaways from the Flow Wraps Market
- The flow wrap market is estimated to register a CAGR of 3.70%, reaching a valuation of US$ 7.1 billion by 2034.
- The horizontal flow wrapping segment is anticipated to dominate the market by technology, holding 71.2% market in 2024.
- The flow wrap market in the United States is estimated to develop at a CAGR of 2.3% through 2034.
- The flow wrap market in Germany is expected to increase at a 2.0% CAGR through 2034.
- The flow wrap market in South Korea is anticipated to develop at a CAGR of 2.0% through 2034.
- The flow wrap market in Japan is projected to inflate at a CAGR of 2.6% through 2034.
Competitive Landscape
The market is characterized by intense competition and fragmentation, owing to the presence of numerous regional and local players. Key players employ various marketing strategies such as partnerships, mergers and acquisitions, collaborations, and expansions to maintain a competitive edge. These strategies are primarily focused on expanding their product offerings, increasing their market share, and extending their geographical presence.
Leading Key Players:
- Amcor Plc
- Sonoco Products Company
- Huhtamaki Oyj
- DS Smith Plc
- Constantia Flexibles Group GmbH
- Berry Global Inc.
- Sealed Air Corporation
- Mondi Group
- CCL Industries
- Uflex Ltd.
- Winpack
- Schur Flexibles Group
- ProAmpac LLC
- Bischof & Klein GmbH & Co. KG
- Mondi Group PLC,
- Quinn Packaging
- Coveris Holdings S.A.
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Recent Development
In 2024, Cox & Co. made significant strides with its latest packaging solution for chocolates, which is touted as the world’s first-ever flow wrap chocolate paper packaging. This breakthrough packaging not only ensures the chocolates remain fresh but also safeguards them during transportation. Furthermore, the packaging is environmentally friendly and can be easily disposed of, making it an ideal option for those who prioritize sustainability.
Key Segments:
By Technology:
- Horizontal Flow Wrapping
- Vertical Flow Wrapping
By Material:
- Plastic
- PE
- PET
- PP
- Others
- Paper
- Aluminum
By End Use:
- Food & Beverages
- Bakery and Confectionery
- Meat, Poultry & Sea Food
- Dairy
- Ready to Eat
- Others
- Personal Care, Cosmetics & Homecare
- Healthcare
- Industrial Goods
- Other Consumer Goods
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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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