Flexible Packaging Market Size and Companies
The global flexible packaging market size was valued at USD 294.88 billion in 2023 estimated to reach USD 488.72 billion by 2034, increasing at a CAGR of 4.7% between 2024 and 2034.
Some of the key players operating in the flexible packaging market are Amcor plc (Switzerland), Mondi (U.K.), Sonoco Products Company (U.S.), Sealed Air (U.S.), Huhtamaki (Finland), Transcontinental Inc (Canada)., Cosmo Films Ltd (India), Polyplex (India), UFlex Limited (India), Jindal Poly Films (India), CLONDALKIN GROUP (Netherlands), Constantia Flexibles (Austria), TAGHLEEF INDUSTRIES GROUP (UAE), DUNMORE (U.S.), Celplast Metallized Product (Canada), Ultimet Films Ltd (U.S.), Accrued Plastic Ltd (U.K.), All Foils, Inc. (U.S.), SRF Limited (India).
Recent Developments
- In October 2024, Pakka, announced the launch of a new range of flexible compostable packaging solutions. It is developed mainly for the food & beverage industry.
- In June 2024, Innventure LLC announced its collaboration with a European manufacturing company Chemipack.
- April 2022, Amcor has recently unveiled an expansion in its pharmaceutical packaging offerings through the introduction of innovative and eco-friendly High Shield laminates. These new packaging options address the industry's need for high-performance barriers while aligning with the sustainability objectives of pharmaceutical companies. The High Shield technologies present viable solutions for environmentally conscious packaging of pharmaceutical sachets, stick packs, and strip packs, utilizing paper- and polyolefin-based materials. With its inventive material structure, this packaging supports pharmaceutical businesses in differentiating themselves in the market by enabling easy recyclability and meeting the expectations of specific regions regarding sustainability.
- In August 2022, Amcor PLC has announced its acquisition of a flexible packaging facility in the Czech Republic. This strategic move positions Amcor to effectively meet the growing demand and customer expansion within its European flexible packaging network. By incorporating this acquisition, the company demonstrates its commitment to accelerating organic growth in the attractive segments of its flexible business throughout Europe. Furthermore, the acquired site's scalability and strategic location significantly enhance Amcor's capacity to meet robust customer demands and generate impressive returns. The plant, initially a greenfield development initiated by DG Pack in 2019, boasts cutting-edge specialized equipment tailored for high-value segments such as coffee and pet food. The land and buildings obtained through the acquisition also allow Amcor to substantially expand operations and establish a highly efficient production hub.
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