The report "Flexible Paper Packaging Market by Packaging Type (Pouches, Roll Stock, Shrink Sleeves, Wraps), Printing Technology (Rotogravure, Flexography, Digital Printing), embellishing type (Hot Coil, Cold Coil), Application, and Region - Global Forecast to 2026" The global flexible paper packaging market size is projected to grow from USD 64.4 billion in 2021 to USD 79.1 billion by 2026 at a CAGR of 4.2% from 2021 to 2026. The market is projected to grow as flexible paper packaging for packaging is lighter in weight, cost-efficient, and uses less material as compared to other forms of packaging. The growth of the flexible paper packaging market is attributed to its high efficiency and cost-effective nature. Flexible packaging is particularly useful in industries that require versatile packagings, such as food & beverage, personal care, home care, and healthcare
Flexography, by printing technology, accounted for the greatest demand for flexible paper packaging in 2020, in terms of value and volume. The growth of this segment is mainly attributed to the high demand for flexible paper packaging due to the fact that inks used in flexography are low viscosity, which enables the print to dry quickly and speeds up the printing process, thus saving the cost of production.
Amcor Limited (Australia), Mondi Group (UK), Sonoco Products Company (US), Sealed Air Corporation (US), Huhtamaki OYJ (Finland), Sappi Global (South Africa), DS Smith (UK), Coveris Holding SA (UK), Sabert (US), Wihuri (Finland), amongst others, are the key players operating in the flexible paper packaging market.
