GITNUX MARKETDATA REPORT 2024

Flexible Packaging Industry Statistics [Fresh Research]

With sources from: kbvresearch.com, finance.yahoo.com, nalhonafinch.medium.com, zionmarketresearch.com and many more

In this post, we present a comprehensive overview of key statistics in the flexible packaging industry. From market size values to growth projections and industry segments, these statistics offer valuable insights into the dynamic landscape of flexible packaging. Explore the data to understand the significant trends shaping this thriving industry.

Statistic 1

"The flexible packaging market size was valued at USD 160.8 billion in 2019."

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Statistic 2

"Flexible packaging is expected to experience the highest growth rate, with a CAGR of 3.8% in terms of volume."

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Statistic 3

"The U.S. flexible packaging industry is estimated to be about $31.8 billion in annual sales."

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Statistic 4

"The stand-up pouches segment held the largest share in the flexible packaging market and was valued at USD 18.03 billion in 2019."

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Statistic 5

"In 2019, the food & beverages segment dominated the market contributing to more than HALF of the total market share."

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Statistic 6

"Plastic was the dominant material segment in the global flexible packaging market, accounting for a share of 70.2% in 2019."

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Statistic 7

"The healthcare industry is anticipated to register the fastest CAGR of 4.1% in terms of revenue from 2019 to 2025."

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Statistic 8

"The global sustainable flexible packaging market is expected to post a CAGR of over 5% during 2019-2023."

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Statistic 9

"The Flexible packaging in the UK was valued at £1.8bn in 2020."

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Statistic 10

"80% of brand owners say they are strategically using flexible packaging right now."

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Statistic 11

"Flexible plastics accounted for the largest share (80.7%) of the total flexible packaging market."

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Statistic 12

"Flexible packaging companies serving meat, poultry, and seafood experienced a 49% increase in volume in 2020."

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Statistic 13

"India’s Flexible Packaging market accounts for about 5% of the global demand, it is currently the 4th largest market."

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Statistic 14

"By 2024, the flexible packaging market is estimated to reach around USD 299.78 billion in terms of revenue."

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Statistic 15

"In 2021, retail flexible packaging papers amounted to 2.5 million tons, a 5 percent increase from the previous year."

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Statistic 16

"The demand for flexible packaging is mainly driven by growth in the food and beverage industry, which accounts for around 70% of market demand."

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Statistic 17

"According to a study by the Flexible Packaging Association, the average consumer uses at least one flexible packaging product every day."

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Interpretation

In conclusion, the statistics presented indicate a robust and growing global flexible packaging industry, with significant market value and projected growth rates. The dominance of plastic materials, particularly in stand-up pouches, reflects current trends, with a strong presence in the food and beverage sector. Noteworthy regional markets such as the U.S., India, and the UK contribute significantly to the industry's overall growth. The increasing focus on sustainability is evident in the anticipated growth of the sustainable flexible packaging market. The healthcare sector is poised for rapid growth, and flexible packaging continues to be a staple in everyday consumer life. Overall, the future looks promising for the flexible packaging industry, with substantial revenue projections and continuous innovation driving its evolution.

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