Latest News- Flexible Packaging Market For Food And Beverages: Flexible plastic is expected to lead the Material segment during 2024-2028

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

The Flexible Packaging Market For Food And Beverages is expected to grow at a CAGR of 5.97% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 51.6 billion. In the dynamic food and beverage industry, flexible packaging is gaining significant traction due to its lightweight, convenient, and economical nature. This market segment, primarily composed of plastic and aluminum foil materials, caters to the increasing demand for single-serving packaging solutions. However, the non-recyclable attribute of plastic materials poses a significant challenge to the growth of the global flexible packaging market. To mitigate this issue, industry players and raw material suppliers are innovating eco-friendly plastic film alternatives and implementing recycling programs. For instance, the Materials Recovery for the Future (MRFF), an organization spearheaded by the American Chemistry Council Foundation for Chemistry Research and Initiatives, aims to provide effective and economical solutions for recycling and recovering plastic materials throughout their entire lifecycle. This initiative underscores the industry's commitment to enhancing sustainability within the flexible packaging supply chain. 

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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
• Geography
  • APAC
    • China
    • Japan
  • North America
    • US
  • Europe
    • 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 Market For Food And Beverages Research Report

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Research Analysis Overview

The flexible packaging market for food and beverages utilizes various advanced technologies such as multilayer films, metalized films, and vacuum packaging. Innovations like modified atmosphere packaging, active packaging, and intelligent packaging with RFID tags and sensor technology are also employed. Heat sealable films, tear-resistant and puncture-resistant films ensure product protection. Oxygen, moisture, aroma, and UV barriers are essential for preserving food quality. Thermal processing and aseptic packaging ensure safety, while high barrier packaging enhances shelf life. Flexible packaging converters, designers, and consultants collaborate to ensure regulatory compliance, quality control, and line optimization. Packaging waste reduction, lightweight packaging, bio-based materials, renewable resources, and recycled content contribute to eco-friendliness. Carbon footprint and packaging innovation awards are key considerations in the industry. Consumer research and perception play a crucial role in shaping packaging trends.

Market Research Overview

In the dynamic and intricate flexible packaging market for food and beverages, various stakeholders collaborate to deliver innovative and efficient solutions. The supply chain encompasses raw material suppliers, who provide essential inputs such as barrier films, laminated films, and the components for stand-up pouches and retort pouches. These raw materials include high-performance polymers like polyethylene, polypropylene, and polyvinylidene chloride, as well as metal and glass alternatives like aluminum foil and borosilicate glass. By fostering collaboration and innovation, these stakeholders ensure the production of high-quality, cost-effective, and sustainable flexible packaging solutions for the food and beverage industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/