Multilayer Flexible Packaging Market Demand for Create Robust Opportunities for Industry: Explores FMI STUDY

Between 2022 and 2029, the global multilayer flexible packaging industry is predicted to break out of the rigid zone, reaching US$ 210 billion. The predicted CAGR is 3.5 percent.

Cost-effectiveness, durability, and light weight are just a few of the benefits driving global demand for multilayer flexible packaging. This market report covers a wide range of flexible packaging options, including bags, pouches, sachets, wrapping films, laminates, and more (liners, stick packs, and more). When compared to rigid packaging, the manufacturing of multilayer flexible packaging goods uses 70% less material. Aluminum foil and metalized plastic sheets are also gaining popularity in the production of flexible packaging bags and pouches.

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The global multilayer flexible packaging market is set to progress at a CAGR of around 4% over the period of forecast, and reach a valuation of US$ 210 Bn by 2029.

“Shift from rigid packaging to flexible packaging is the leading trend in the global packaging industry. Changing packaging needs enable brand owners to enjoy high profitability margins, owing to reduction in transportation cost and cheaper package cost. ”

Key Segments Covered in Multilayer Flexible Packaging Industry Research

Multilayer Flexible Packaging Market by Product

• Bags
• Pouches & Sachets
• Wrapping Films
• Laminates
• Others (Liners, Stick Packs, etc.)

Multilayer Flexible Packaging Market by Material

• Plastic
  • Polypropylene (PP)

• BOPP
• CPP
• OPP
  • Polyethylene (PE)
    • LDPE
    • LLDPE
    • HDPE
  • Polyethylene Terephthalate
  • Polyvinylidene Chloride (PVDC)
  • Ethylene Vinyl Alcohol (EVOH)
  • Ethylene Vinyl Acetate (EVA)
  • Polyvinyl Chloride (PVC)
  • Polyamide (PA)

• Paper
• Aluminium Foil

Multilayer Flexible Packaging Market by Layer Structure

• 3 Layers
• 5 Layers
• 7 Layers
• More than 7 Layers

Multilayer Flexible Packaging Market by End-use

• Food
  • Meat, Poultry, and Seafood
  • Bakery & Confectionery
  • Snacks
  • Dairy
  • Pet Food
  • Baby Food
  • Other Food Products
• Beverages
• Pharmaceuticals
• Automotive
• Cosmetics and Personal Care
• Homecare
• Electricals & Electronics
• Agriculture & Allied Industries
• Textiles & Apparels

Multilayer Flexible Packaging Market by Region

• North America Multilayer Flexible Packaging Market
• Latin America Multilayer Flexible Packaging Market
• Europe Multilayer Flexible Packaging Market
• East Asia Multilayer Flexible Packaging Market
• South Asia Multilayer Flexible Packaging Market
• Oceania Multilayer Flexible Packaging Market
• Middle East & Africa (MEA) Multilayer Flexible Packaging Market

 Oceania Multilayer Flexible Packaging Market

Middle East & Africa (MEA) Multilayer Flexible Packaging Market

Key Takeaways of Multilayer Flexible Packaging Market Study

In terms of value, the pouches & sachets segment is expected to account for maximum market share in the global multilayer flexible packaging market during 2022-2029, attributable to the rising demand for small-sized sachets & pouches for the packaging of a variety of food products.

By layer structure, the 5 layer segment is anticipated to grow 1.2X by the end of 2023.

The plastic material segment is expected to create total incremental revenue opportunity of US$ 96 Bn by the end of 2029, owing to ease of availability and cost-effectiveness.

North America is anticipated to maintain its dominance in the global multilayer flexible packaging market during the forecast period. This growth can be attributed to the presence of well-established market players in the region. East Asia and South Asia are anticipated to be highly lucrative markets, on the back of significant consumption and production of multilayer flexible packaging solutions at cost-effective rates.

Multilayer Flexible Packaging Market Landscape

The global multilayer flexible packaging market is identified as a highly competitive and fragmented market. Unorganized and local players can leverage significant growth opportunities in the global multilayer flexible packaging market. Some of the key players operating in the multilayer flexible packaging market are Sealed Air Corp., Mondi Group Plc, Berry Global Group, Inc., Scientex Berhad, and Uflex Ltd., among others. Key players are focusing on acquisitions and product innovation with the aim of expanding their footprint and customer base across the globe.

• In November 2019, Constantia developed its first plant Constantia Ecoflex at Ahmedabad, India, for producing sustainable and recyclable flexible packaging.
• In February 2019, Amcor Limited introduced Genesis, a polyethylene laminate with the look and feel of traditionally-oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, homecare, personal care, and other industries. The company acquired Bemis Company Inc., which is one of the leading manufacturers of multilayer flexible packaging.
• In June 2019, Sealed Air Corp. acquired MGM’s flexible packaging business. MGM is a privately-held company that is headquartered in Manila, the Philippines. This acquisition will allow the company to expand its food packaging operations in Asia.

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