Global Flexible Paper Packaging Market Outlook (2018 to 2032)
Synopsis
The above chart is Global Flexible Paper Packaging Market Outlook (2018 to 2032)
Market Dynamics
The chart displays data for global flexible paper packaging market for the years 2018 to 2032, wherein the market size was usd 65.5 billion in the year 2022, and the cagr was estimated to be 4.6% during the forecast period 2023 to 2030.
the convenience of use and affordability of the paper packaging, along with the rising demand for packaged foods, are the main drivers of the expansion.
because flexible paper packaging consumes less base material than rigid packaging and flexible materials are easily formed, growing concerns about reducing production time and energy consumption are the main factors driving the growth of the global flexible paper packaging market.
flexible packaging is typically made of materials that may be recycled and reused. flexible packaging materials allow for more innovative and obvious packaging shapes, resulting in packaging that is noticeable and eye-catching and has outstanding marketing value.
flexible packaging protects products from moisture, ultraviolet radiation, mildew, dust, and other environmental pollutants that could harm them, maintaining their quality and extending their shelf life. flexible packaging is less heavy and cumbersome than conventional alternatives, making it easier for customers to purchase, transport, and store goods. shipping and handling costs are significantly reduced by this method's lighter weight and smaller footprint compared to rigid packing, which is anticipated to further accelerate revenue development.
paper and plastic films have a variety of purposes since they are frequently used to replace glass and hard polymers in blister material. lidding films and aluminium foil are both frequently used in blister packs due to their low cost. manufacturers of food, beverage, pharmaceutical, and personal care items place a strong emphasis on automating packaging processes for their products and services.
automatic packaging technology has increased the demand for packaging solutions, which has increased the demand for flexible paper packaging among key global end users.