Global Flexible (Converted) Plastic Packaging Market Growth: Industry Size, Analysis and Forecast
Report ID : 1318899 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Flexible (Converted) Plastic Packaging Market is categorized based on Type (Flexible Bags, Pouches, Shrink Films, Stretch Films, Wraps) and Material (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Bioplastics) and End-Use Industry (Food & Beverage, Healthcare, Personal Care, Household Products, Industrial) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The market size of Flexible (Converted) Plastic Packaging Market, valued at $300 billion in 2023, is projected to reach $450 billion by 2033, expanding at a CAGR of 4.5% between 2024 and 2033. The report comprises various segments and analyzes significant trends and factors influencing market growth.
The market for flexible (converted) plastic packaging continues to evolve alongside the general packaging industry due to change in economic factors and consumer preferences. Businesses aiming to reduce the carbon footprint of the product while enhancing its shelf life are able to adopt new technologies filler plastic molds. This unique approach serves multiple sectors such as food and beverages, pharmaceuticals, personal care, etc. which makes it one of the most important focus points for marketers and industry professionals.
The surge in e-commerce and online shopping in the past few years is a major contributor to the increased demand for flexible packaging owing to its light weight and space-saving characteristics that aid in shipping and handling. Coupled with these, technological advancements have led the industry to more protective and appealing materials which serve the purpose of enhancing aesthetics and offering protection. For other marketers and industry professionals, II is very important to understand what trends are causing m to grow and what problems they face. It is very clear that marketers intending to explore the flexible side of plastic packaging will find huge opportunities.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Amcor Plc, Berry Global Inc., Sealed Air Corporation, Constantia Flexibles, Mondi Group, Sonoco Products Company, Novolex Holdings LLC, Smurfit Kappa Group, Huhtamaki Oyj, Coveris Holdings S.A., Wipak Group |
| SEGMENTS COVERED |
By Type - Flexible Bags, Pouches, Shrink Films, Stretch Films, Wraps
By Material - Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Bioplastics
By End-Use Industry - Food & Beverage, Healthcare, Personal Care, Household Products, Industrial
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Flexible (Converted) Plastic Packaging Market Dynamics
The Flexible (Converted) Plastic Packaging Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Flexible (Converted) Plastic Packaging Market Segmentations
Market Breakup by Type
- Overview
- Flexible Bags
- Pouches
- Shrink Films
- Stretch Films
- Wraps
Market Breakup by Material
- Overview
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Bioplastics
Market Breakup by End-Use Industry
- Overview
- Food & Beverage
- Healthcare
- Personal Care
- Household Products
- Industrial
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Flexible (Converted) Plastic Packaging Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Amcor Plc
- Berry Global Inc.
- Sealed Air Corporation
- Constantia Flexibles
- Mondi Group
- Sonoco Products Company
- Novolex Holdings LLC
- Smurfit Kappa Group
- Huhtamaki Oyj
- Coveris Holdings S.A.
- Wipak Group
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