Latest News - Flexible Packaging For Food And Beverages Market: Flexible plastic is expected to lead the Material segment during 2025-2029

The Flexible Packaging For Food And Beverages Market is being driven by Rise in demand for pouch packaging solutions

The Flexible Packaging For Food And Beverages Market is expected to grow at a CAGR of 5.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 53.3 billion. In the rapidly evolving food and beverage industry, flexible packaging is gaining significant traction due to its lightweight, convenient, and economical nature. This market segment is primarily composed of plastic and aluminum foil-based solutions. However, the non-recyclable attribute of plastic materials poses a significant challenge to the expansion of the global flexible packaging market. To mitigate this issue, flexible packaging providers and raw material suppliers are innovating eco-friendly plastic film alternatives and implementing recycling initiatives. For instance, the Materials Recovery for the Future (MRFF), an organization managed by the American Chemistry Council Foundation for Chemistry Research and Initiatives, was established to devise economical and effective methods for recycling and recovering plastic materials throughout the entire lifecycle of the plastic film. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Material
  • Flexible plastic
  • Flexible paper
  • Flexible foil
• Product
  • Pouches
  • Bags
  • Films and wraps
  • Others
• Application
  • Meat poultry and seafood
  • Bakery and confectionery
  • Dairy products
  • Fruits and vegetables
  • Others
• Geography
  • APAC
    • Australia
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in demand for pouch packaging solutions
• Demand for sustainable packaging solutions
• Need to avoid food wastage

However, the market also witnesses some limitations, which are as follows:

• Government regulations on packaging
• Volatility in raw material prices
• Contamination from recycled materials

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Market Scope in Flexible Packaging For Food And Beverages Market Research Report

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Research Analysis Overview

The Flexible Packaging Market for Food and Beverages encompasses various types of packaging, including stand-up pouches, spouted pouches, resealable pouches, and ziploc pouches. Other forms of flexible packaging include shrink films, stretch films, BOPP films, CPP films, PET films, aluminum foil, corrugated board, and more. Quality control is paramount, ensuring product protection, tamper evidence, and sustainability through recycling programs and circular economy initiatives. Material and production efficiency, cost optimization, new materials, and technologies are key focus areas, as well as process and logistics optimization, supply chain management, demand forecasting, inventory management, waste reduction, energy consumption, and carbon footprint considerations.

Market Research Overview

In the dynamic and competitive landscape of the flexible packaging market, the sectors catering to food and beverage applications represent significant growth opportunities. This market encompasses various stakeholders, including raw material suppliers and manufacturers of metal, glass, and plastic containers. The raw material suppliers provide essential inputs such as steel, aluminum, tin for metal containers, borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC) for plastic containers. The value chain involves the procurement of raw materials, the research and development of innovative packaging solutions, large-scale manufacturing to meet market demands, and distribution through diverse channels to reach end-users. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/