Return to: Market NewsAsia-Pacific is Largest and the Fastest Growing Market for Flexible Packaging while Global Market to Surpass $350 billion by 2030A new report from Industry Experts Inc, on ""Flexible Packaging Market"", is introduced. According to this report, the global Flexible Packaging market is estimated at US$266.7 billion in 2024 and is expected to record a CAGR of 4.8% during the 2024-2030 analysis period and stand at a projected US$353.8 billion by 2030. Increasing demand for lightweight, cost-effective, and eco-friendly packaging solutions across industries like food, pharmaceuticals, and personal care are some of the key driving factors for the flexible packaging market growth. Rising consumer preferences for convenient, resealable, and portable packaging have spurred innovation in flexible formats. The focus on reducing carbon footprints and adopting recyclable materials, coupled with technological advancements in printing and barrier properties, further propels the market. The Asia Pacific region holds the dominant position in the flexible packaging market, accounting for 38.7% in 2024, due to its large manufacturing base, cost-effective labor, and abundant availability of raw materials. The regions strong presence in the food and beverage, pharmaceutical, and consumer goods industries fuels demand for flexible packaging solutions. Rapid economic development and the increasing adoption of modern retail formats in countries like China, India, and Japan further strengthen its dominance. The market for flexible packaging analyzed in this report on a global level including North America (The United States, Canada, and Mexico), Europe (France, Germany, Italy, Spain, the United Kingdom & Rest of Europe), Asia-Pacific (Australia, China, India, Japan, South Korea & Rest of Asia-Pacific), South America (Argentina, Brazil & Rest of South America) and Middle East & Africa (South Africa, Saudi Arabia & Rest of Middle East & Africa). Flexible packaging market studied in this report with respect to Product Type – Pouches, Bags, Films & Wraps and Others; Material Type – Plastic, Paper, Metal and Bioplastic; and Application – Food & Beverages, Pharmaceutical & Healthcare, Personal Care & Cosmetics and Others. About Industry Experts, Inc. Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts. ... News Release: Asia-Pacific is Largest and the Fastest Growing Market for Flexible Packaging while Global Market to Surpass $350 billion by 2030 Submitted on: February 03, 2025 10:20:15 AM Submitted by: IndustryexpertsMedia On behalf of: industry-experts.com/verticals/packaging-materials/global-flexible-packaging-market |