GITNUX MARKETDATA REPORT 2024

Flexible Packaging Industry Statistics [Fresh Research]

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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