Centerfold Laminated Bag Market Size, Companies and Insights

Centerfold Laminated Bag Market Size and Rising Demand Worldwide

The global centerfold laminated bag market size reached US$ 3.40 billion in 2023 and is projected to hit around US$ 5.91 billion by 2034, expanding at a CAGR of 5.15% during the forecast period from 2024 to 2034.

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The demand for sustainable laminated bags is driving the growth of the centerfold laminated bag market. Increasing trend for biodegradable laminated bags boosting market expansion. Additionally, the expansion of e-commerce enhances the market range.

Major Key Takeaways

• Asia Pacific dominated the global centerfold laminated bag market in 2023.
• North America held a significant share of the market in 2023.
• By type, the polyethylene (PE) segment accounted for the largest market share in 2023.
• By type, the polypropylene (PP) segment is estimated to grow rapidly in the market during the forecast period.
• By application, the automotive segment held a major share of the market in 2023.

Market Overview

The centerfold laminated bag market provides laminated bags that are made using a central fold process. Central folds bags are foldable in the center, so they can be convenient to handle. Centreflod laminated bags are applicable in food packaging, cosmetics, shipping & logistics, automation, industrial packaging, and pharmaceutical packaging.

• Shipping & logistics: The protective and secure ability of centerfold laminated bags drives significant use in shipping & logistics.
• Industrial packaging: centerfold laminated is highly used for packaging tools, machines, and equipment in industries.
• Food packaging: Centerfold bags are mainly adopted for packaging snacks, confectionery, and bakery items.

Major Growth Factors Shift the Market Toward Success

• The ongoing shift toward the adoption of sustainable packaging solutions is the key growth factor in the centerfold laminated bag market.
• The demand for flexible packaging has increased in several industries, boosting the production of centerfold lamination bags.
• Expansion of the food & beverages industry driving market expansion, as the utilization of flexible packaging is higher in this sector.
• Expanding pharmaceutical and healthcare infrastructure drives market growth, as these sectors are major adopters of flexible packaging.
• Growing infrastructure plays a crucial role in the market, as utilization of centerfold laminated bags for equipment and tools is high.
• Growth of the e-commerce and online platform, helping to raise the popularity of brands.
• As centerfold laminated bags are affordable and convenient to use, the adoption is continuing.
• Straight regulations and government investments in sustainable packaging brands opening new ways for market success.
• Additionally, ongoing advancement in laminated packaging technology is seeking the expansion of the market globally.

Rising Demand for Sustainable Packaging Solutions is Driving the Growth of Market

The demand for sustainable packaging solutions is a spectacular driver in the centerfold laminated bag market. Consumers shift toward environmental concerns and strong regulations for waste reduction and pollution management, driving opportunities for research and development for competitive players. Companies are committed to sustainable packaging to improve brand popularity. Additionally, sustainable packaging is affordable compared to other packaging, which helps to reduce manufacturing costs and increase disposable income.

Government regulatory frameworks for initiatives like taxes on non-sustainable packaging and innovative support for manufacturers presuppose production companies for the adoption of sustainable packaging solutions. Such factors have encouraged innovations like biodegradable packaging materials, recyclable packaging, lightweight packaging, mono-material structured packaging, and plant-based and bioplastic materials. Future requirements to reduce waste, recyclable packaging, and the adoption of eco-friendly materials are driving the growth of sustainable packaging segments.

Ongoing Trends in the Market

Environmentally Friendly Packaging Solutions

Growing demand for eco-friendly packaging is the key trend responsible for the growth of the market. Growing environmental issues are driving a shift toward the adoption of sustainable packaging. Regulatory framework initiatives and policies for sustainability support the importance of advertising in the market. Advanced packaging technologies, as well as advancements in sustainable materials, enhanced the growth of the packaging industry. Businesses have increased recommendations for such packaging for cost saving, efficiency enhancement, and reducing material waste.

Customization & Digital Printing

Customization is a significant trend in the growth of the centerfold laminated bag market. Manufacturing industries leverage digital printing, brand, and logo printing to increase the popularity of their brand products. Additionally, consumers are looking for photo-realistic designs in packaging options. Digital printing helps to enhance visual attraction, tempting to improve product differentiation and recognition. Advancements in flexible design options in various sizes and shapes encourage the purchase of centerfold laminated bags. Additionally, focus on developments of temperature-evident and protective packaging solutions being customized. Growing market competition is making companies desperate for modern innovations to enhance their consumers’ experiences.

• In February 2024, the Veritiv Corporation announced its collaboration with Vivabox Solutions to enhance Veritiv's existing abilities in kitting and design for complicated projects and bring spectacular experiences to retail, luxury, and premium consumer brand consumers.

Market Opportunities

Growth of the E-commerce Sector

Expanding e-commerce platforms is holding significant centerfold laminated bag market growth opportunities. Consumers prefer online shopping due to the increased use of mobile commerce and internet penetration in daily life. E-commerce guides consumers for brands and designs flexible packaging as per their requirements. Additionally, increased online shopping has boosted the proud shipping process, which requires flexible and advanced packaging. Central fold laminated bags provide flexibility as well as protection from damage while shipping.

Moreover, the lightweight of centerfold laminated bags makes them recommended by various industries and warehouses for their product transports, which further helps to reduce shipping costs. The adoption of recyclable and biodegradable materials in centerfold laminated bags attracts sustainability-conscious consumers. The low environmental impact of such packaging makes them more appealing and preferred on e-commerce platforms. Moreover, increased online shopping of food & beverages, cosmetic products, electronics, and home appliances is contributing to market success. E-commerce sectors support customization, brand popularity, and sustainability, which offers great future opportunities for market growth in the forecast period.

Possible Challenges of the Centerfold Laminated Bag Market

Availability of sustainable materials: the trend of sustainable packaging has increased; however, the availability of sustainable materials can cause difficulties in their adoption, which is likely to reduce brand popularity.

Changing consumer preference: increased demand for eco-friendly, reusable, and recyclable packaging solutions can restrain the current market of centerfold laminated bags.

Regional Insights

Growing Demand for Flexible Packaging and E-commerce Expansion is Driving Asia’s Market to Grow

Asia Pacific dominated the market in 2023. The growth of the Asian centerfold laminated bag market is driven by rapid urbanization, growth of e-commerce, and rising demand for flexible packaging solutions. India accounted for the largest market share in 2023 due to the vast food and beverage industry and growing online delivery services. China accelerated to become the second-largest market with its growing urbanization. Reasing middle-class populations and expanding industries are shifting the market toward growth. Additionally, growing sustainability concerns and government initiatives for packaging regulations encourage businesses to adopt sustainable materials in packaging and invest in innovations in advanced packaging technologies.

• In May 2023, Amcor acquired Moda Systems, which is a leading manufacturer of state-of-the-art, automated protein packaging machines. Amcor signed this agreement due to a compact, all-in-one demand for bag-making and printing systems for boneless and cheese.

Growing Sustainability Awareness: Driving Market Expansion in North America

North America held a significant share of the centerfold laminated bag market in 2023 due to the region's growing sustainability and eco-friendly awareness. Changing consumer preference toward sustainability enhances the adoption rate of sustainability materials by manufacturers. Region’s consumers are highly active on social media, and eco-conscious influence is expanding all over North America. Consumers are highly considering sustainability when it comes to purchasing and are willing to pay more for eco-friendly products, which supports manufacturing industries that develop sustainable materials. The United States has the largest market share. However, Canada is seeking significant growth in the market due to countries' straight single-use plastic rules and regulations.

Segment Insights

By type, the polyethylene (PE) segment held the dominant centerfold laminated bag market share in 2023. Polyethylene materials are flexible and lightweight, helping to reduce transport costs. Polyethylene materials are recyclable, which helps to reduce carbon footprints. Due to its capability, polyethylene is in high demand by manufacturers due to growing consumer preference for packaging designs and laminations. Polyethylene's barrier properties for oxygen and moisture are improving its utilization rate in the food and beverage industry.

By type, the polypropylene (PP) segment is estimated to grow at a significant rate during the forecast period due to its high transparency properties. Additionally, it has an aesthetic appearance that attracts consumers to the segment. Polypropylene materials have significant strength and damage resistance properties, making them majorly preferred by manufacturing industries and retail stores.

By application, the automotive segment held a major centerfold laminated bag market share in 2023. Centerfold laminated bags are used to protect automobiles against damage and moisture during shifting and retail. The growing automotive market is leading to increased demand for efficient and quality packaging. Additionally, raising demand for customized packaging solutions encourages segment growth. Government regulations for packaging and shipping are driving the segment to success.

Top Companies in the Centerfold Laminated Bag Market

• Pregis Innovative Packaging
• PPC Flexible Packaging
• Strubl GmbH
• Griff Paper and Film
• Brent Wood Plastics
• Veritiv Corporation
• Integrated Packaging Films
• Apple Converting
• QIS Packaging
• International Plastics
• KNF Corporation
• FlexiPack

Latest Announcements by Market Leaders

• In February 2024, Ryan Wolcott's statement about the partnership between Pregis and ExxonMobil for foam technology advancement with certified circular polyethylene resins: Ryan Wolcott, Chief Sustainability Officer at Pregis, said, “company stepping toward new approaches by Incorporating certified-circular resins into protective foam applications through this partnership.” He further added, “The company has viewed cutting-edge recycling technologies and the use of certified-circular resins, which have been great tools for working with the plastic waste challenge. This achievement is reflective of Pregis’ commitment to plastics circularity.”
• Desiree Paquette about the partnership between Veritiv Corporation and Vivabox Solutions: In February 2024, Veritiv Corporation acquired Vivabox Solutions to enhance luxury and premium goods, on which Desiree Paquette, Chief Executive Officer of Vivabox Solutions, stated: “This partnership is the reflection of companies steps toward a commitment to world-class quality and services to companies’ consumers living across the world.” He further said that he is looking forward to the successful opportunities for customized packaging solutions at Veritiv in the future.

Recent Developments

• In February 2024, Pregis Innovative Packaging collaborated with ExxonMobil to develop foam technology supported by certified circular polyethylene resins. This collaboration helped Pregis for launching of foam packaging to meet their consumer demands.
• In April 2024, PPC Flex, a leading provider of custom-engineered flexible packaging solutions, launched its redesigned website, encouraging novel success in the company’s ongoing brand refresh and commitment to improving consumer experience.
• In July 2024, Mondi Group, a global leader in sustainable packaging and paper, announced the launching of its addition to its portfolio of sustainable pre-made plastic bags called FlexiBag Reinforced.

Centerfold Laminated Bag Market Segments

By Type

• Polypropylene (PP)
• Polyethylene (PE)
• Polyethylene Terephthalate (PET)
• Others

By Application

• Automotive
• Building and Construction
• Electronics
• Shipping and Logistics
• Others

By Region 

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Thailand
• Latin America 
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA) 
  • South Africa
  • UAE
  • Saudi Arabia
  • Kuwait