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Flexible Packaging Market Size Worth $373.3 Billion By 2030: Grand View Research, Inc. – PR Newswire UK

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12 Jul, 2022, 14:30 BST
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SAN FRANCISCO, July 12, 2022 /PRNewswire/ — The global flexible packaging market size is expected to reach USD 373.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.5% from 2022 to 2030. Growing consumer driven demand for packaged food and beverage products owing to its convenience and ease of consumption is expected to drive market growth.
Key Industry Insights & Findings from the report:
Read 135 page market research report for more Insights, "Flexible Packaging Market Size, Share & Trends Analysis Report By Raw Material (Plastics, Paper, Metal, Bioplastics), By Application (Food & Beverages, Pharmaceutical, Cosmetics), By Region, And Segment Forecasts, 2022 – 2030", published by Grand View Research.
Flexible Packaging Market Growth & Trends
Flexible packaging products are lightweight, take less space in transportation, are cheaper to manufacture, and use less plastic, thus present more environmentally friendly profile than rigid products. Increasing emphasis on use of sustainable packaging products globally is expected to bolster the demand for flexible packaging products during the forecast period.
The global cosmetic and personal care industry is characterized by the growing awareness pertaining to health and wellness coupled with increasing demand for natural, chemical-free, and organic products. Thus, rising green consciousness are expected to drive the demand for organic and natural skincare products over the forecast period, which, in turn, is anticipated to boost the demand for flexible packaging solution such as plastic tubes and pouches.
Growing demand for cost effective shipping of commodities is expected to augment growth of flexible packaging products such as flexitanks over the forecast period. Moreover, increase in trade activities in countries of Asia Pacific is expected to drive market growth in the region over the forecast period.
Flexible Packaging Market Segmentation
Grand View Research has segmented the global flexible packaging market on the basis of raw material, application, and region:
Flexible Packaging Market – Raw Material Outlook (Revenue, USD Billion, 2017 – 2030)
Flexible Packaging Market – Application Outlook (Revenue, USD Billion, 2017 – 2030)
Flexible Packaging Market – Regional Outlook (Revenue, USD Billion, 2017 – 2030)
List of Key Players of Flexible Packaging Market
Check out more related studies published by Grand View Research:
Browse through Grand View Research’s  Advanced Interior Materials Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact: 
Sherry James 
Corporate Sales Specialist, USA 
Grand View Research, Inc.   
Phone: 1-415-349-0058 
Toll Free: 1-888-202-9519 
Email: sales@grandviewresearch.com 
Web: https://www.grandviewresearch.com 
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SOURCE Grand View Research, Inc.
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