Flexible Packaging Market to Hit $421.6 Billion by 2032
August 12, 2025The global flexible packaging market, valued at USD 274.87 billion in 2024, is projected to reach USD 421.6 billion by 2032, growing at a CAGR of 4.8%, according to SkyQuest Technology Consulting.
Demand is being fueled by the rise in packaged food and beverage consumption, e-commerce growth, and innovations in sustainable materials such as mono-material films and compostable bioplastics. Flexible packaging offers benefits like lower production costs, reduced carbon footprint, and better recyclability compared to rigid alternatives.
Asia-Pacific leads global demand due to rising incomes and strong e-commerce activity, while North America and Europe remain significant markets thanks to established food industries and strict packaging regulations.
Key players include Amcor, Mondi Group, Sonoco, Constantia Flexibles, Sealed Air, and Huhtamäki. However, challenges remain in recycling multi-layer packaging and coping with volatile petrochemical prices.
Recent developments include new sustainable packaging systems from Oroville Flexible Packaging, Borealis’ recycled polyethylene grade, and Pakka’s compostable solutions.
