Multilayer Flexible Packaging Market is Supposed to Rise at a CAGR of 4% by 2033 | Future Market Insights, Inc.

The multilayer flexible packaging market is expected to be valued at USD 170.5 billion in 2023. By 2033, the market is projected to be worth USD 252.4 billion. During the projection period from 2023 to 2033, the market is estimated to record a CAGR of 4%.

There is a tremendous push toward sustainable packaging alternatives as environmental awareness grows. Multilayer flexible packaging can be built with biodegradable and reusable materials, lowering its environmental impact and addressing consumer demand for environmentally responsible solutions.

Customer desires for convenience continue to drive packaging advancement. Multilayer flexible packaging includes resealable zippers, easy-to-open designs, and portion control, improving the whole customer experience and meeting user-friendly packaging standards. As a result, the properties of multilayer flexible packaging are expected to drive significant market expansion.

Dive Deeper into the Data—View the Full Report Here!

The growth of e-commerce is notable, particularly with the introduction of online purchasing. Because of its lightweight nature, cost-effectiveness, and flexibility to diverse product kinds, multilayer flexible packaging is well-suited for e-commerce businesses. It protects the shipment and helps to decrease the price of shipping.

There is a growing demand for long-lasting and protective packaging with the advent of e-commerce. Multilayer flexible packaging is popular for delivering products since it is lightweight, economical, and adjustable. The growing popularity of packaged foods, as well as the rising demand for recyclable and environment-friendly packaging, are boosting the multilayer flexible packaging market in Canada.

Key Takeaways from the Report:

• Canada is predicted to reach USD 30 billion by 2033, with a 4.1% CAGR.
• The multilayer flexible packaging market in the United Kingdom is expected to reach USD 23 billion by the end of this forecast period.
• China’s multilayer flexible packaging market is projected to be worth USD 27 billion.
• China’s market 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 USD 21 billion by 2033.

 “The food industry continues to be a key driver of multilayer flexible packaging demand. Brands use these packages 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.

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

Key Developments

• 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.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global multilayer flexible packaging market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

Key Segments Covered in Multilayer Flexible Packaging Industry Research

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)
• 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

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia & Pacific
• East Asia
• The Middle East & Africa

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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