Comparing 21 vendors in Flexible Packaging across 96 criteria.
ContendersMarket Leaders 
Emerging CompaniesInnovators 
Amcor
Berry Global
Novolex
Mondi
Sealed Air
Huhtamaki
Sonoco
Wihuri
Aluflexpack
DS Smith
Constantia Flexibles
Ahlstrom
TC Transcontinental
Bischof+Klein
UFlex
PPC Flexible Packaging
ProAmpac
Printpack
Novus
Gualapack
Cosmo First
Access Research To
- Expand Total Addressable Market
- Formulate Go To Market Plans
- Build Competitive Right to Win
- Identify Top Customers to Grow
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POWERED BY MARKETSANDMARKETS
Dec 10, 2023
Flexible packaging is any package or any part of a package whose shape can be readily changed. It is a means of packaging products through the use of non-rigid materials. Some of the most common examples of flexible packaging include bags, pouches, shrink films, tubes, and sleeves.
The Flexible Packaging Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Flexible Packaging. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 100 companies of which the Top 21 Flexible Packaging Companies were categorized and recognized as the quadrant leaders.
The 360 Quadrant efficiently maps the Flexible Packaging companies based on criteria such as revenue, geographic presence, growth strategies, investments, channels of demand, and sales strategies for the market presence of the flexible packaging quadrant. While the top criteria for product footprint evaluation included Flexible Packaging Market by Packaging Type (Pouches, Bags, Roll Stock, Films & Wraps, Others), Printing Technology (Flexography, Rotogravure, Digital Printing, Others), Material (Paper, Plastic, Metal), End-Use Industry (Food, Beverages, Pharmaceuticals & Healthcare, Personal Care & Cosmetics, Others), and Sustainable Initiatives.
Key trends highlighted in 360 Quadrants:
- The global Flexible Packaging Market was valued at USD 248.9 billion in 2022 and is projected to reach USD 315.5 billion by 2027 growing at a CAGR of 4.8% from 2022 to 2027.
- Based on material type, the plastic segment accounted for the largest share (nearly 64%) of the flexible packaging market in 2022. The paper material segment is expected to grow due to rising demand for environmental sustainability and stringent governmental norms against the use of plastics. Flexible packaging companies are therefore constantly innovating and are offering high-quality solutions pertaining to such norms.
- In terms of packaging type, pouches are witnessing an increase in demand due to their superior properties, such as their versatile nature, low weight, and easy transportability. In 2022, this segment accounted for the largest share (nearly 30%) of the flexible packaging market in terms of value. This is further projected to rise at a CAGR of 6% between 2022 and 2027.
- Flexible packaging companies incorporate various types of printing technologies such as flexography, rotogravure, digital printing, and others. Digital printing has been the fastest-growing market, accounting for 45% of the flexible packaging market, followed by rotogravure with a 20% share.
- The growth of the flexible packaging market is attributed to the increase in demand for lightweight, convenient, cost-effective packaging products and solutions for pharmaceutical, personal care, and food & beverage applications.
- Factors such as the growing convenience food industry, constantly changing demographics, and rapid industrialization in emerging economies like China and India are the prime reasons for the growth of the flexible packaging market in the Asia Pacific region. In 2022, this region dominated the flexible packaging market, accounting for nearly 49% in terms of value.
- Flexible packaging companies like Berry Global, Amcor, Mondi, Sonoco, Sealed Air, TC Transcontinental, and Constantia Flexibles are the key market players and have undertaken various development strategies pertaining to the flexible packaging market, where the cumulative share of these top five flexible packaging companies was between 18 to 25% of the total market in 2022. Expansions and acquisitions are further expected to offer lucrative opportunities to key flexible packaging companies.
- Leading flexible packaging companies adopted new product launches as the key growth strategy, along with partnerships and acquisitions. In September 2022, Berry Global collaborated with Mars, Inc. to launch its popular pantry-sized treats in polyethylene terephthalate (PET) jars that have been optimized to be lighter weight and include 15% post-consumer resin (PCR). Another company, Amcor Ltd. closed the acquisition of a world-class flexible packaging plant located in the Czech Republic in August 2022. The acquisition was aimed at accelerating the organic growth momentum of its flexible business in Europe in attractive segments.
- Other leading flexible packaging companies such as Sonoco, Huhtamaki, and others have also been actively involved in strategic growth activities in order to strengthen their footprint in the market. For instance, in September 2022, Huhtamaki invested in the sustainable packaging fund run by Emerald Technology Ventures AG, which focuses on cutting-edge sustainable packaging technologies. During the same period, Sonoco acquired S.P. Holding, Skjern A/S. The acquisition expands production capacity for customers and Sonoco converting operations throughout Europe and bordering regions.
- Rising urbanization and hectic work schedules are also factors that are responsible for the increasing demand for flexible packs. Flexible packaging companies are now offering options with several superior characteristics such as lightweight, customization, excellent adjustability, extended shelf life of the products, and others. Such factors reduce the overall cost of flexible packaging when compared to conventional packaging options.
- With the rising pollution and stringent governmental norms, flexible packaging companies are inclining towards adopting market trends. Some of the potential trends that might dominate the market in the near future include the usage of recyclable materials, lightweight materials, smart packaging, and the adoption of biodegradable materials. Flexible packaging companies are now rigorously putting efforts into exploring and innovating products based on these trends.
- Flexible packaging companies are now putting a lot of effort into finding ways to lower their carbon footprint due to rising concerns about their environmental impact. Currently, these flexible packaging manufacturers are focusing on providing sustainable packaging solutions to consumers by optimizing the packaging materials and using the right packaging materials in order to make things smaller and lighter, thereby reducing transportation needs.
The Full List
The Full List
| Company | Headquarters | Year Founded | Holding Type |
|---|---|---|---|
| Ahlstrom | Helsinki, Finland | 1851 | Private |
| Aluflexpack | Reinach, Switzerland | 1987 | Public |
| Amcor | Southbank, Australia | 1896 | Public |
| Berry Global | Evansville, USA | 1967 | Public |
| Bischof+Klein | Lengerich, Germany | 1892 | Private |
| Constantia Flexibles | Vienna, Austria | 2004 | Private |
| Cosmo First | New Delhi, India | 1976 | Public |
| DS Smith | London, UK | 1940 | Public |
| Gualapack | Alessandria, Italy | 1986 | Private |
| Huhtamaki | Espoo, Finland | 1920 | Public |
| Mondi | Weybridge, UK | 1967 | Public |
| Novolex | Hartsville, USA | 2003 | Private |
| Novus | Cape Town, South Africa | 2008 | Public |
| PPC Flexible Packaging | Buffalo Grove, USA | 1968 | Private |
| Printpack | Atlanta, USA | 1956 | Private |
| ProAmpac | Cincinnati, USA | 2015 | Private |
| Sealed Air | Charlotte, USA | 1960 | Public |
| Sonoco | Hartsville, USA | 1899 | Public |
| TC Transcontinental | Montreal, Canada | 1976 | Public |
| UFlex | Noida, India | 1985 | Public |
| Wihuri | Helsinki, Finland | 1901 | Private |
Frequently Asked Questions (FAQs)
Flexible packaging is defined as packaging made of flexible materials such as plastic, paper, aluminum foil, and others. This type of packaging is easily bent or shaped and is commonly used for snacks, drinks, and other consumer goods.
Flexible packaging has several advantages over other types of packaging, including its lightweight, durability, and ease of transport and storage. It also has excellent barrier properties, which protect the contents from moisture, oxygen, light, and other environmental factors that can affect the product's quality and freshness.
Flexible packaging comes in a variety of shapes and sizes, including bags, pouches, sachets, wraps, and films, and it can be customized to meet specific packaging needs such as size, shape, color, and branding. Because of its versatility, this packaging is popular among both manufacturers and consumers.
Flexible packaging is made from materials that are flexible, such as plastic film, paper, and foil. It is widely used in the packaging of a wide range of products, including food, beverages, pharmaceuticals, personal care items, and others.
Flexible packaging can be classified according to various criteria, such as the materials used, the structure of the packaging, the type of closure used, and the type of printing or labeling used. Here are some common flexible packaging classifications:
a. Material-based classification: The type of material used to make the packaging determines this classification. Flexible packaging, for example, can be made from plastic films, paper, aluminum foil, or a combination of these materials.
b. Structure-based classification: The type of material used to make the packaging determines this classification. Flexible packaging, for example, can be made from plastic films, paper, aluminum foil, or a combination of these materials.
c. Closure-based classification: The type of closure used to seal the packaging determines this classification. Zippers, tear notches, and heat-sealing, for example, can be used to seal flexible packaging.
d. Printing-based classification: The type of printing or labelling used on the packaging determines this classification. Flexible packaging, for example, can be printed using flexographic, gravure, or digital printing technologies.
By understanding the different classifications of flexible packaging, manufacturers and consumers can make informed decisions about which types of packaging are most suitable for their products.
Flexible packaging materials have several characteristics that make them well-suited for packaging applications. These include:
a. Flexibility: Flexible packaging materials are easily bendable and can be shaped to meet a variety of packaging requirements. As a result, they are ideal for packaging products of varying sizes and shapes.
b. Lightweight: Flexible packaging materials are generally lightweight, which makes them easy to transport and reduces shipping costs.
c. Barrier properties: Flexible packaging materials can be engineered to have specific barrier properties that protect the contents from moisture, oxygen, light, and other environmental factors that can compromise the product's quality and freshness.
d. Printable: Many flexible packaging materials can be printed on, allowing manufacturers to include branding, nutritional information, and other critical information on the package.
e. Recyclable: Many flexible packaging materials are recyclable, making them an environmentally friendly packaging option.
f. Cost-effective: Flexible packaging materials are frequently less expensive than other types of packaging materials, such as glass or metal, which can contribute to lower overall packaging costs.
Overall, the characteristics of flexible packaging materials make them a versatile and popular choice for packaging a wide range of products.
Flexible packaging has several important functions, including:
a. Protection: Flexible packaging shields contents from damage caused by moisture, oxygen, light, and contaminants.
b. Preservation: By providing a barrier to air, light, and moisture, flexible packaging can help preserve the quality, freshness, and flavor of the contents.
c. Convenience: Flexible packaging is easy to handle and transport, and it frequently includes resealable closures or easy-to-open features that make it easier for consumers to use.
d. Communication: Branding, logos, and information about the contents on flexible packaging can be used as a marketing tool.
e. Sustainability: Flexible packaging can be made from lightweight, recyclable, and environmentally friendly materials, reducing waste and increasing sustainability.
Overall, flexible packaging is a versatile and efficient option for packaging a wide range of products, from food and beverage to personal care and household items.
Flexible packaging is a broad category that encompasses many different types of packaging products. Here are some specific types of products that can be found in flexible packaging:
a. Stand-up pouches: These are pouches that can stand on their own due to their flat base. They are often used for snacks, pet food, beverages, and personal care products.
b. Pillow bags: These are simple, flat bags that are often used for products such as potato chips, candy, and other snacks.
c. Flat pouches: These are similar to pillow bags but have a flat shape and often come with a resealable closure. They are used for products such as dried fruit, nuts, and trail mix.
d. Vacuum bags: These are bags that are used to remove air from the package, helping to preserve the freshness of the product. They are often used for meat, cheese, and other perishable foods.
e. Retort pouches: These are pouches that can withstand high temperatures and pressure, making them ideal for products that need to be sterilized or cooked in the package, such as ready-to-eat meals and soups.
f. Sachets: These are small, single-use pouches that are often used for samples, condiments, and other small portions of products.
g. Films: These are thin, flexible sheets of plastic that are often used for wrapping foods, such as cheese, meat, and vegetables, and for creating bags and pouches.
Flexible packaging is used for a wide range of products and applications, including:
Food packaging: Flexible packaging is commonly used for food packaging, including snack foods, pet food, frozen foods, and fresh produce. Examples of flexible packaging for food include stand-up pouches, resealable bags, and vacuum-sealed bags.
Beverage packaging: Flexible packaging is also used for beverage packaging, such as juice pouches, coffee bags, and wine bags.
Pharmaceutical packaging: Flexible packaging is used for pharmaceutical packaging, including pill packets, medical device packaging, and drug delivery systems.
Personal care products: Flexible packaging is used for personal care products such as shampoo, lotion, and soap.
Household products: Flexible packaging is also used for household products, including cleaning supplies, laundry detergents, and garbage bags.
Flexible packaging can be eco-friendly, but it depends on several factors, including the materials used, the manufacturing process, and the end-of-life options for the packaging.
Flexible packaging from materials such as bioplastics or compostable films can be more eco-friendly than traditional plastic films. These materials are often made from renewable resources and can be biodegradable or compostable under the right conditions.
Manufacturing processes that prioritize energy efficiency, water conservation, and waste reduction can also make flexible packaging more eco-friendly. Some manufacturers use recycled materials or source materials from sustainable sources to reduce their environmental impact.
End-of-life options for flexible packaging can also affect its eco-friendliness. For example, flexible packaging that can be easily recycled or composted is more environmentally friendly than packaging that ends up in landfills or as litter.
Overall, flexible packaging can be eco-friendly, but it requires a holistic approach that considers the entire life cycle of the packaging. Manufacturers, consumers, and waste management facilities all have a role to play in ensuring that flexible packaging is produced, used, and disposed of in an environmentally responsible way.
Flexible packaging can be recyclable, but it depends on the specific material and recycling infrastructure available in a particular area. Some types of flexible packaging, such as certain types of plastic films and laminates, can be difficult to recycle because they are made up of multiple layers of different materials that are difficult to separate.
Additionally, flexible packaging may not be accepted by all recycling facilities, as they may not have the appropriate equipment to process it. This can result in flexible packaging being sent to landfill instead of being recycled.
However, advancements are being made in recycling technologies to make flexible packaging more recyclable. For example, some recycling facilities are using advanced sorting techniques to separate the different layers of materials in flexible packaging and recover the valuable components.
In summary, flexible packaging can be recyclable, but it depends on the specific material and recycling infrastructure available. Manufacturers and consumers can take steps to improve the recyclability of flexible packaging by choosing materials that are easily recyclable and properly disposing of them in recycling bins.
Flexible packaging can be made from several different types of plastic materials, including:
a. Polyethylene (PE): PE is a lightweight and durable plastic material that is commonly used for flexible packaging such as plastic bags, shrink wrap, and films. It is a widely used plastic that is easily recyclable.
b. Polypropylene (PP): PP is a strong and versatile plastic that is commonly used for food packaging, such as snack bags and microwaveable containers.
c. Polyethylene terephthalate (PET): PET is a transparent and lightweight plastic material that is commonly used for beverage bottles, food containers, and other types of packaging.
d. Ethylene vinyl alcohol (EVOH): EVOH is a high-barrier plastic material that is used to protect packaged products from oxygen and other gases that can cause spoilage.
e. Polyvinyl chloride (PVC): PVC is a flexible and durable plastic material that is used in a variety of packaging applications, including shrink wrap, cling film, and flexible packaging for food and non-food products.
Overall, the choice of plastic material used in flexible packaging will depend on the specific application and packaging requirements, such as the need for barrier properties, transparency, and durability.
Packaging and flexible packaging are both methods of protecting and preserving products for storage, transportation, and sale, but they differ in important ways:
Material: Packaging can be made of a variety of materials such as plastic, paper, metal, glass, and others, whereas flexible packaging is made specifically of flexible materials such as plastic films, laminates, and foils.
Shape: Packaging can take many forms and sizes, ranging from boxes and bottles to cans and jars. Bags, pouches, and films are the most common types of flexible packaging.
Functionality: Packaging can provide consumers with a variety of benefits, including protection, information, and convenience. These functions are also provided by flexible packaging, which is designed to be lighter, more flexible, and easier to use than traditional packaging.
Sustainability: Flexible packaging has grown in popularity in recent years as a result of its lightweight and efficient design, which can reduce material consumption and transportation costs. Some types of flexible packaging, however, are more difficult to recycle than traditional packaging materials, which can have an impact on their overall sustainability.
Top flexible packaging companies like Amcor, Berry Global, Mondi, Sonoco, Constantia Flexibles, Sealed Air, and TC Transcontinental are categorized as quadrant leaders, contributing significantly to the market.
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