Flexible Packaging Market size, growth, report study, demand, key…

Flexible Packaging Market size, growth, report study, demand, key…


flexible packaging market

The global flexible packaging market is witnessing significant growth. The rapid rise in the food and beverage industry and the high demand for ready-to-eat and on-the-go food and beverages underpin the market growth. Also, the increase in disposable income and population growth worldwide are increasing the flexible packaging market size and increasing the demand for various lifestyle products.

Like most industries, the flexible packaging industry has been hit too hard by the COVID-19 outbreak. Many flexible packaging manufacturers have faced various problems ranging from sourcing raw materials and components needed to develop flexible packaging solutions, to supplying end products, to extracting workers from quarantines. This further impacted the growth of flexible packaging market and increased product prices.

The pandemic also caused a huge drop in sales across all sectors of the consumer industry. Key end users, including the food and beverage, pharmaceutical and personal care industries, were closed for months, slowing their demand for packaging solutions. However, seeing the opportunities in the healthcare sector, flexible packaging manufacturers shifted their focus to pharmaceutical products.

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Post-lockdown restrictions have been eased and the flexible packaging market is regaining momentum. Innovative solution providers have actively started to find new application areas in the packaging sector, which is expected to fuel the growth of the flexible packaging market. According to Market Research Future (MRFR), the flexible packaging market is expected to be worth USD 230.78 billion by 2030 CAGR of 4.9% During the forecast period (2022 to 2030), the market was valued at USD 168.52 billion in 2021.

In addition, the increasing use of flexible packaging for dairy products and others increases the market demand. COVID-19 has impacted consumers’ grocery shopping…


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