The global flexible green packaging market size was evaluated at $15 billion in 2022 and is slated to hit $18 billion by the end of 2030 with a CAGR of nearly 4.7% between 2023 and 2030.
An environmentally friendly packaging option called “flexible green packaging” aims to minimize environmental damage at every stage of the product’s life, from production through disposal. It entails using eco-friendly production techniques, flexible, renewable materials, and packaging designs that put an emphasis on resource efficiency, recyclability, and reuse.
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Overview of the Flexible Green Packaging Market
The need for flexible green packaging solutions will be driven by an increase in end-user choice for sustainable green products and a growth in environmental consciousness. Aside from this, the need for flexible green packaging solutions is mostly driven by the stringent enforcement of laws designed to reduce plastic waste and encourage green packaging practices.
• Our research analyst’s analysis indicates that during the forecast period (2023–2030), the worldwide flexible green packaging market is expected to develop at a rate of about 4.7% annually.
• The global market for flexible green packaging was estimated to be worth approximately $15 billion in sales in 2022 and is projected to grow to $18 billion by 2030.
• The growing need for minimally invasive surgical techniques is expected to propel the growth of the worldwide flexible green packaging market over the forecast period.
➤ Over the course of the forecast period, the global market’s expansion can be supported by favorable product features
Innovations in technology and the introduction of novel materials for use in environmentally friendly packaging will shape the trends in the worldwide flexible green packaging market. Improved barrier qualities and recyclability are also expected to fuel the market’s global rise. The market’s growth will be supported in the coming years by the growing use of environmentally friendly materials in primary packaging. When a product is packaged with flexible green packaging options, its shelf life increases, expanding the product’s potential market demand worldwide.
Growing consumer preference for strong, lightweight, and aesthetically pleasing packaging will enhance the worldwide market expansion. In the next years, new product launches should make up a significant portion of the earnings on the global market. For example, in May 2023, the consumer packaging company Huhtamaki Oyj, located in Finland, introduced a flexible packaging solution that is sustainable and can provide protection for items. To set the record straight, the product is affordable and totally recyclable.
➤ Limited access to raw materials needed to enhance product performance may limit the worldwide industry’s growth
The market for the usage of flexible green packaging products are limited by the lack of constrained material choices that could improve the products’ performance relative to traditional packaging. This factor has had a negative effect on the growth of the flexible green packaging market worldwide.
➤ The present customer market’s new product launches will create new growth prospects for the global market
The global flexible green packaging market will enter a new growth phase as a result of new product introductions into established consumer markets as well as rising consumer awareness and demand for environmentally friendly products in Europe and the Americas.
➤ The lack of strong infrastructure facilities may prevent international industrial growth within the projected time frame
Weak supply chains and a lack of robust infrastructure might pose a serious danger to the global flexible green packaging industry’s growth trajectory. Reduced usage of packaging materials like bio-plastics in developing nations may act as a major obstacle to the global industry’s growth.
The Global Flexible Green Packaging Market is segmented based on product, application and region
Global Flexible Green Packaging Market: Product Segment Analysis
● Wraps & Films
● Pouches & Tubes
Global Flexible Green Packaging Market: Application Segment Analysis
● Personal Care & Household Care
● Food & Beverage
● Pharmaceutical & Medical
The global flexible green packaging market profiles key players such as:
● Clondalkin Group Holdings
● Tetra Laval
● Reynolds Group
● Wipak Group
● Sealed Air
● Ampac Holdings
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➤ Over the anticipated period, North America is expected to continue dominating the global market
North America is expected to be a leading area over the projected period, having accounted for 60% of the global earnings in the flexible green packaging market in 2022. Furthermore, the stringent regulations that support the use of environmentally friendly and sustainable packaging in nations like the U.S. and Canada are responsible for the expansion of the regional market. The existence of significant firms in the area will also have a significant impact on the size of the regional market in the years to come.
In the coming years, the flexible green packaging market in Asia-Pacific is expected to grow at the quickest rate because to the widespread consumption of easy diets in highly populous nations like China and India. Furthermore, as a part of their corporate social responsibility, packaging manufacturers in these nations are placing an increasing emphasis on employing green packaging, which will support regional market trends. In the future years, the sub-continent’s market will grow even more thanks to government measures that encourage the usage of the product.
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