The Latest Flexible Plastic Packaging Industry Statistics Explained
The global flexible plastic packaging market size was valued at USD 160.8 billion in 2020.
The statistic that the global flexible plastic packaging market was valued at USD 160.8 billion in 2020 represents the total monetary worth of the market for packaging products made from flexible plastics such as bags, pouches, and films. This figure indicates the significant economic importance of flexible plastic packaging in various industries such as food and beverage, personal care, and healthcare. The size of the market suggests a high demand for these products due to factors like convenience, cost-effectiveness, and sustainability measures. Additionally, the value of the market serves as a key indicator for assessing the overall health and growth potential of the flexible plastic packaging industry on a global scale.
The flexible plastic packaging market is projected to grow at a CAGR of 3.9% from 2021 to 2026.
This statistic indicates that the flexible plastic packaging market is expected to experience a Compound Annual Growth Rate (CAGR) of 3.9% over the period from 2021 to 2026. This growth rate suggests a steady and gradual increase in market size and demand for flexible plastic packaging products over the next five years. Factors contributing to this projected growth could include a rise in consumer preference for convenient and lightweight packaging solutions, increased emphasis on sustainability and recyclability in packaging, and growth in end-user industries such as food and beverage, healthcare, and personal care. Businesses operating in the flexible plastic packaging market can use this projection to inform their strategic planning and decision-making processes to capitalize on potential opportunities for growth and expansion in the coming years.
Asia Pacific region dominated the global flexible plastic packaging sector, with a share of 38.7% in 2020.
The statistic indicates that in 2020, the Asia Pacific region held a significant presence in the global flexible plastic packaging industry by capturing a market share of 38.7%. This means that a large portion of the global flexible plastic packaging products manufactured and sold worldwide originated from companies based in Asia Pacific. This dominance can be attributed to various factors such as the region’s strong manufacturing capabilities, cost-effective production processes, and growing demand for packaged goods. As a result, Asia Pacific has emerged as a key player in the flexible plastic packaging sector, shaping the industry’s trends and dynamics on a global scale.
In 2020, flexible packaging sales in the United States amounted to approximately 31.8 billion U.S. dollars.
The statistic that flexible packaging sales in the United States amounted to approximately 31.8 billion U.S. dollars in 2020 indicates the significant economic value and widespread utilization of flexible packaging within the country during that year. Flexible packaging, which includes materials like plastic films, pouches, and bags, is commonly used in a variety of industries such as food and beverage, pharmaceuticals, and personal care products due to its lightweight, cost-effective, and environmentally friendly attributes. The sizable sales figure reflects the strong demand for flexible packaging solutions among businesses and consumers in the United States and underscores the importance of this packaging format in modern supply chains and consumer goods markets.
Stand-up pouches represent the largest product segment within the flexible plastic packaging market.
This statistic indicates that stand-up pouches are the most dominant product category within the flexible plastic packaging market in terms of sales or market share. Stand-up pouches are likely preferred by consumers and businesses alike due to factors such as convenience, durability, and sustainability. The widespread adoption of stand-up pouches could be attributed to their versatility in packaging various products such as food, beverages, pet foods, and household products. Their popularity in the market suggests that they offer practical solutions for businesses seeking attractive and functional packaging options, contributing significantly to the overall growth and competitiveness of the flexible plastic packaging industry.
Europe is forecasted to witness a growth rate of 4.2% in the flexible plastic packaging sector from 2021 to 2028.
The statistic that Europe is forecasted to witness a growth rate of 4.2% in the flexible plastic packaging sector from 2021 to 2028 indicates that the demand and utilization of flexible plastic packaging in Europe are expected to increase at a steady pace over the specified period. A growth rate of 4.2% suggests a positive trend in the market, reflecting potential opportunities for manufacturers, suppliers, and other industry players operating in the flexible plastic packaging sector. This forecast could be driven by various factors such as technological advancements, sustainability initiatives, market trends, and changing consumer preferences. Overall, the statistic implies a positive outlook for the flexible plastic packaging industry in Europe and highlights the importance of staying competitive and adaptable to capitalize on the projected growth.
Pharma and healthcare sector within flexible plastic packaging is projected to expand at a CAGR of 4.5% between 2021 to 2028.
This statistic indicates that the pharmaceutical and healthcare sector’s demand for flexible plastic packaging is estimated to grow steadily at a Compound Annual Growth Rate (CAGR) of 4.5% between the years 2021 and 2028. This projection suggests a positive outlook for the market, highlighting a sustained increase in the utilization of flexible plastic packaging within the pharmaceutical and healthcare industries over the forecast period. Factors such as advancements in packaging technology, increasing focus on sustainability in packaging materials, and the growing pharmaceutical sector are likely driving this growth rate. Overall, this statistic signals a potentially lucrative opportunity for businesses operating in the flexible plastic packaging sector targeting the pharmaceutical and healthcare segments.
The market size of flexible packaging in India is expected to reach USD 5.1 billion by 2026.
The statistic suggests that the market size of flexible packaging in India is projected to grow and reach a value of USD 5.1 billion by the year 2026. This indicates a significant increase in demand for flexible packaging solutions within the Indian market over the coming years. Flexible packaging refers to packaging materials that can be easily shaped or molded and typically includes products such as pouches, bags, and wraps. The growth in the market size can be influenced by factors such as changing consumer preferences, increasing urbanization, and rising disposable incomes leading to greater consumption of packaged goods. This statistic provides valuable insight into the potential opportunities for businesses operating in the flexible packaging industry in India.
The global flexible plastic packaging waste production is expected to amount to over 29 million metric tons by 2025.
The statistic suggests that the production of flexible plastic packaging waste worldwide is projected to surpass 29 million metric tons by the year 2025. This substantial amount reflects the continuing trend of increased consumption and disposal of flexible plastic packaging materials, which are commonly used in items such as food packaging, consumer goods, and industrial products. The escalating volume of flexible plastic packaging waste raises concerns about its environmental impact, particularly in terms of pollution, resource depletion, and potential harm to ecosystems and human health. Efforts to address this issue may include strategies to promote recycling, reduce plastic consumption, and enhance waste management practices to mitigate the negative consequences associated with the growing accumulation of flexible plastic packaging waste.
Latin America flexible packaging market is expected to reach USD 5.52 Billion by 2028.
This statistic indicates the projected growth of the flexible packaging market in Latin America, with an estimated value of USD 5.52 billion by the year 2028. This forecast suggests significant growth in the demand and consumption of flexible packaging materials across various industries such as food and beverage, pharmaceuticals, personal care, and more in the Latin American region. Factors contributing to this growth may include changing consumer preferences, sustainability considerations, cost-effectiveness, and convenience offered by flexible packaging solutions. The anticipated increase in market value highlights the potential opportunities for businesses operating in this sector to capitalize on the growing market demand in the coming years.
PE (Polyethylene) holds the largest market share in the material type segment of the flexible plastic packaging industry, as of 2020.
The statistic indicates that Polyethylene (PE) is the dominant material type in the flexible plastic packaging industry, capturing the largest market share among all materials in 2020. This suggests that PE, which is a widely used type of plastic known for its versatility, durability, and cost-effectiveness, is preferred by manufacturers and consumers for various packaging applications such as food packaging, healthcare products, and consumer goods. The popularity of PE could be attributed to its ability to offer a balance between performance and cost, making it a go-to choice for packaging solutions in the industry.
Environmental concerns are driving the growth of the biodegradable flexible plastic packaging market, which is predicted to grow at a CAGR of 16.2% by 2026.
The statistic highlights the significant role of environmental concerns in propelling the growth of the biodegradable flexible plastic packaging market. With increasing awareness about environmental issues and the negative impact of traditional plastic packaging on the environment, there is a growing demand for biodegradable alternatives. The Compound Annual Growth Rate (CAGR) of 16.2% projected for the market by 2026 signifies a rapid expansion and adoption of biodegradable flexible plastic packaging solutions. This growth rate reflects the shifting consumer preferences towards sustainable and eco-friendly packaging options, driving innovation and market opportunities in the biodegradable packaging sector.
The U.S. flexible plastic packaging industry employs over 79,000 people directly.
The statistic “The U.S. flexible plastic packaging industry employs over 79,000 people directly” highlights the substantial role that the flexible plastic packaging sector plays in the country’s economy in terms of job creation. This figure signifies the significant employment opportunities provided by this industry, illustrating its importance as a source of livelihood for a large number of individuals. The statistic also implies that the flexible plastic packaging industry is a major contributor to the labor market, supporting a diverse range of jobs across various sectors such as manufacturing, supply chain, and distribution. Overall, this statistic underscores the industry’s impact on employment and its significance in sustaining a substantial workforce in the United States.
Flexible plastic packaging accounted for nearly 41% of world packaging sales in 2018.
The statistic that flexible plastic packaging accounted for approximately 41% of world packaging sales in 2018 indicates the significant prevalence and usage of this type of packaging in the global market. Flexible plastic packaging refers to materials like pouches, bags, and wraps that are lightweight, cost-effective, and offer versatility in terms of packaging various products. The high percentage suggests that businesses and consumers worldwide have favored flexible plastic packaging due to its convenience, durability, and ability to extend the shelf life of products. However, it also highlights the environmental concerns associated with plastic waste and the need for sustainable packaging solutions to address these issues effectively.
Global flexible packaging consumption was equivalent to 161 billion square meters in 2018.
The statistic indicates that the total amount of flexible packaging consumed worldwide in 2018 measured 161 billion square meters. Flexible packaging includes materials like plastic films, pouches, and bags that are used for various purposes such as packaging food, beverages, personal care products, and more. This statistic provides a quantitative measure of the scale of global consumption of flexible packaging in terms of area covered by the materials. It highlights the widespread use and popularity of flexible packaging in various industries and markets around the world, emphasizing its importance as a versatile and convenient packaging solution.
The snack sector is expected to account for a revenue of USD 22.83 billion in the flexible plastic packaging market by 2028.
The statistic indicates that the snack sector is projected to generate a total revenue of USD 22.83 billion within the flexible plastic packaging market by the year 2028. This forecast suggests a substantial market opportunity for manufacturers and suppliers of flexible plastic packaging targeting the snack industry. The estimated revenue figure highlights the increasing demand for flexible plastic packaging within the snack sector, likely driven by factors such as convenience, cost-effectiveness, and sustainability considerations. This statistic can be useful for industry players looking to capitalize on the growth potential in the snack packaging market and make strategic decisions to meet the evolving needs of snack consumers.
Polypropylene flexible plastic packaging material is expected to reach USD 17.53 billion by 2025.
The statistic denotes a forecast for the market size of polypropylene flexible plastic packaging material, which is projected to reach USD 17.53 billion by the year 2025. This indicates a significant growth trajectory in the demand and consumption of this specific type of packaging material over the coming years. Such growth is likely influenced by various factors, including the increasing preference for flexible and lightweight packaging solutions, sustainability considerations, and the versatility of polypropylene in various industries such as food and beverages, personal care, and pharmaceuticals. The projection suggests a positive outlook for the industry and highlights the potential for significant market opportunities and investment in polypropylene flexible plastic packaging material.
Multi-layer flexible plastic packaging accounted for over 70% of the total market share in 2019.
The statistic “Multi-layer flexible plastic packaging accounted for over 70% of the total market share in 2019” indicates that within the packaging industry, this specific type of packaging made up a significant portion of the market during that year. This suggests that multi-layer flexible plastic packaging was the dominant choice among consumers and businesses for packaging materials. The high market share could be due to various factors such as cost-effectiveness, versatility, and durability of this type of packaging compared to alternatives. This statistic highlights the importance and popularity of multi-layer flexible plastic packaging in the market during 2019.
The global market for recyclable flexible plastic packaging was valued at USD 25.3 billion in 2019.
The statistic indicates that the total worth of the global market for recyclable flexible plastic packaging was estimated to be USD 25.3 billion in the year 2019. This value represents the monetary value of all recyclable flexible plastic packaging products bought and sold in markets around the world during that year. It reflects the demand and supply dynamics for recyclable flexible plastic packaging, highlighting the significant economic activity in this sector. The data suggests a growing awareness and adoption of sustainable packaging practices, with an emphasis on recyclability and environmental considerations in the packaging industry.
Conclusion
In conclusion, the statistics presented for the flexible plastic packaging industry clearly demonstrate its significance and growth in the market. With increasing consumer demand for convenience and sustainability, the industry is poised for continued expansion and innovation. Businesses in this sector must stay agile and adaptive to capitalize on emerging trends and technologies to thrive in this competitive landscape.
References
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