Flexible Packaging Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Material, Product Type, and Application

The Insight Partners recent study on “Flexible Packaging Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Material, Product Type, Application, and Geography” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis. The report also identifies significant market players and their key developments.

The flexible packaging market was valued at US$ 176,173.61 million in 2021 and is projected to reach US$ 237,975.67 million by 2028; it is expected to grow at a CAGR of 4.4% from 2021 to 2028. Flexible packaging used a variety of materials, including foil, plastic, and paper, to create pouches, bags, and other pliable product containers. The demand for flexible packaging products is growing from various industries such as the food and beverage, personal care, and pharmaceutical industries. Under flexible packaging, shipping and handling costs are low as it takes less space than rigid packaging. Also, it is less bulky and lighter than traditional options, so it is easier for customers to buy, transport, and store products.