The Europe flexible packaging market is expected to grow from US$ 36,823.31 million in 2021 to US$ 48,070.55 million by 2028. It is estimated to grow at a CAGR of 3.9% from 2021 to 2028.
The flexible packaging solutions use various flexible and non-rigid materials, including foils, plastics, papers, pouches, bags, and pliable product containers. These materials require less energy to manufacture and transport, and they also generate small quantities of greenhouse gases on their way to market. Flexible packaging solutions such as bags, wraps, and pouches are available at low costs and occupy 35% less retail shelf space, providing them cost-effective compared to other forms of packaging.
Moreover, Waste-To-Energy technologies are enabling manufacturing companies to turn waste into fuels and electricity. Waste materials can be repurposed into new products instead of landfills. Several countries have been working to make this a viable option instead of using the landfill to discard materials. There have been advances in incinerator technology, which have reduced harmful emissions. This creates the likelihood of manufacturing companies getting on board with improved environmental processes.
Unfortunately, each year approximately one-third of all food produced for human consumption goes to waste due to a lack of resources and technology. Flexible packaging protects products from moisture, UV rays, mold, dust, and other environmental contaminants that can negatively affect the product, thereby maintaining its quality and extending its shelf life up to three times longer than goods not packaged. Fortunately, flexible packaging is also helping to reduce our environmental footprint and driving the flexible packaging market across the region.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe flexible packaging market at a good CAGR during the forecast period.
Europe Flexible Packaging Market Revenue and Forecast to 2028 (US$ Million)
Europe Flexible Packaging Market Segmentation
The Europe flexible packaging market is segmented based on material, product type, application, and country. Based on material, the market is segmented into plastics, paper, aluminum foils, and others. The plastic segment dominated the market in 2021.
Based on product type, the market is segmented into pouches, bags, films and wraps, and others. The bags segment dominated the market in 2021.
Based on application, the market is segmented into food and beverages, medical and pharmaceutical, personal care and cosmetic, industrial, and others. The food and beverages segment dominated the market in 2021.
Based on country, the regional market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Germany dominated the market in 2021.
Amcor plc, Berry Global Inc., Constantia Flexibles, Flexpak services, Huhtamaki, Mondi, Sealed Air, Sonoco Products Company, and Transcontinental Inc. are the leading companies in the regional market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 36,823.31 Million |
| Market Size by 2028 | US$ 48,070.55 Million |
| CAGR (2021 - 2028) | 3.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Flexible Packaging Market is valued at US$ 36,823.31 Million in 2021, it is projected to reach US$ 48,070.55 Million by 2028.
As per our report Europe Flexible Packaging Market, the market size is valued at US$ 36,823.31 Million in 2021, projecting it to reach US$ 48,070.55 Million by 2028. This translates to a CAGR of approximately 3.9% during the forecast period.
The Europe Flexible Packaging Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Flexible Packaging Market report:
The Europe Flexible Packaging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Flexible Packaging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Flexible Packaging Market value chain can benefit from the information contained in a comprehensive market report.
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