Flexible Packaging Paper Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Others

The global flexible packaging paper market is expected to grow at a CAGR of 4% during the forecast period 2020 to 2027. The growing demand for sustainable yet convenient and durable packaging solution is projected to drive the flexible packaging paper market growth.

The global flexible packaging paper market is a multi-billion dollar market and is projected to have a steady growth through 2029. This steady growth can be attributed to the application of flexible packaging paper for food packaging. Increased demand for smaller pack sizes coupled with preference for convenience has bolstered the demand for flexible packaging paper for food packaging in the past years. Furthermore, high consumption of flexible packaging paper in pharmaceutical and consumer goods in developed regions are expected to boost the sales of flexible packaging paper across the globe. Besides, paper has been considered as an eco-friendly packaging material. As per an independent survey conducted by VRR, more than 60% of the manufacturers interviewed said that they are heading towards complete shift from plastic to paper products by the end of 2027.

South Asia to Spearhead Flexible Packaging Paper Market Growth

As per the VRR analysis, South Asia flexible packaging paper market is projected to expand at a CAGR of 5% during the forecast period. This growth is attributable to the increasing dominance of flexible packaging formats in growing categories such as such as food and personal care & cosmetics. Furthermore, flexible packaging paper is expected to continue its popularity during the next decade as it is lighter than other packaging formats, uses less energy to transport, and causes less harm to the environment.

In addition to this, the demand for smaller pack sizes in witnessed a sharp rise in 2018 in the region as consumers preferred to carry products with them amidst their fast-paced lifestyles. The convenience features offered by sacks, pouches, and wraps make them an apt choice for on-the-go consumption and snacking trend. Also, manufacturers are offering resealable pouches, which allow people to consume small amounts at a time while keeping the remaining contents fresh. These factors are expected to create a sustained demand for flexible packaging paper in the region.

Matured Consumer Base of Europe to Represent a Sustained Demand for Flexible Packaging Paper

Geographically, the Europe region is estimated to account for ~23% of the flexible packaging paper market share by the end of 2020. The demand for flexible packaging paper in Europe is primarily driven by the increasing demand for convenient and sustainable packaging solutions. Lightweight, ease to open, and environment-friendliness are key attributes possessed by flexible packaging paper, which have been found to influence the purchase decisions of consumers in European markets.

Germany, Italy, France, and the U.K. represent nearly 70% of the European flexible packaging paper market. Governing bodies in these countries are imposing serious legislations to curb the use of single-use plastic in the region. These laws are expected to boost the demand for environment-friendly packaging solutions such as flexible packaging paper in the region.

Flexible Packaging Paper Market to Flourish as Flexible Packaging Gains Ground

  • Flexible packaging paper market is witnessing growth due to its key advantages such as lightweight, durability, stiffening properties, and thus, substituting the rigid packaging paper market, especially in food and beverages
  • Rigid packaging paper includes cans, boards, boxes, and containers, which are costly and heavy or difficult to handle
  • On the other hand, flexible packaging paper products include stand-up pouches and tubes, which can be modified and customized with ease. In order to reduce production cost and make effective use of money, several companies are replacing rigid packaging solutions to flexible packaging paper solutions.

Key Findings

  • The kraft paper segment in the flexible packaging paper market accounts for the majority of the market share in terms of value. It is used most prominently for making bags and sacks, envelopes, and pouches. The kraft paper segment of the global flexible packaging paper market is likely to expand by 1.2x its current value and is projected to generate an incremental opportunity of US$ 4 Bn over the next five years.
  • Bags & sacks is the most prominent application of flexible packaging paper. Use of bags & sacks in the packaging of food grains, bakery & confectionery, and consumer goods has resulted into high demand for bags & sacks across the globe. The bags & sacks segment in the global flexible packaging paper market is forecasted to reach nearly US$ 25 Bn by 2029. 
  • Food industry has established itself as the key end user of flexible packaging paper. The rise in smaller or single-person households and the demand for convenience via on-the-go packaging and resealability has influenced the demand for flexible packaging paper in the past years. Thus, the food segment in the flexible packaging paper market is projected to grow a CAGR of 4% and reach US$ 23 Bn by 2027.
  • South and East Asia cumulatively are expected to account for more than 40% of the global flexible packaging paper market by 2029, as rising number of single households, and millennials with fast-paced lifestyles has shaped the packaging landscape in the region. These regions are expected to represent an incremental opportunity of nearly US$ 4 Bn by 2027.

Demand for Flexible Packaging Paper Escalated by Rising Demand for Sustainable Packaging Solutions

  • Since the packaging industry impacts the environment significantly, there have been constant innovations towards shifting to environment-friendly and sustainable packaging materials; this has given rise to sales of flexible packaging paper globally. Packaging markets have seen customers shift toward paper-based packaging material from single-use plastics.
  • Matured markets such as the U.S. and Europe are witnessing a rise in the number of global brands offering products in eco-friendly packaging. Consumers in these regions tend to prefer ecologically sound, recyclable, and biodegradable packaging materials, as their purchase decisions are based on both sustainability and convenience.

Increasing Use of Packaging Formats as Branding Tool to Boost Demand for Flexible Packaging Paper

  • Brand owners are treating flexible paper bags and sacks as a promotional tool. They are demanding customized formats, which are unique and possess brand logos and other decorative features that will increase their product’s shelf visibility. Paper-based packaging solutions are highly customizable and offer easy printability. This has incrementally increased the demand and sales for flexible packaging paper in the past years.
  • Packaging manufacturers are providing different shapes, sizes, and types of products customized for brands to cater to the demand for personalized packaging solutions

Key players operating in the flexible packaging paper market are 

  • International Paper Company
  • Mondi Group
  • Gordon Paper Company, Inc.
  • Canadian Kraft Paper Ltd.
  • KRPA Holding CZ, a.s.,
  • McNairn Packaging
  • Nordic Paper AS
  • PG Paper Company
  • Pudumjee Paper Products Ltd.
  • Sappi Limited
  • Stora Enso Oyj.
  • DS Smith PLC
  • Nippon Paper Industries Co Ltd
  • BillerudKorsnas AB
  • Gulf Paper Manufacturing Company
  • Smurfit Kappa Group PLC
  • Emami Paper Mills Ltd.
  • WestRock Company
  • Rengo Co Ltd.,
  • JK PAPER Ltd.

Market Segmentation

By Paper Type

  • Kraft Paper
    • Coated Kraft
    • Uncoated Kraft
  • Parchment Paper
  • Greaseproof Paper
  • Sulphite Paper
  • Glassine Paper

By Product Type

  • Bags & Sacks
  • Pouches
  • Envelopes
  • Wraps
  • Sachets

By End-use Industry

  • Food
    • Bakery & Confectionery
    • Ready-to-eat
    • Fruits & Vegetables
    • Food Grains
    • Dairy Products
  • Pharmaceuticals
  • Consumer Goods
  • Agriculture
  • Personal Care & Cosmetics
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • Nordic Countries
    • Russia
    • Poland
    • Rest of Europe
  • South Asia
    • India 
    • Thailand          
    • Indonesia       
    • Malaysia         
    • Rest of South Asia
  • East Asia
    • China
    • Japan
    • South Korea
  • Oceania
    • Australia
    • New Zealand
  • Middle East & Africa
    • GCC Countries
    • Turkey
    • Northern Africa
    • South Africa
    • Rest of Middle East & Africa

Report Scope

The Flexible packaging paper market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Flexible packaging paper market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Flexible packaging paper market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Flexible packaging paper market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Flexible packaging paper market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Flexible packaging paper capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Flexible packaging paper by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Flexible packaging paper market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Flexible packaging paper market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Flexible packaging paper market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Flexible packaging paper industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Flexible packaging paper market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Flexible packaging paper market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Flexible packaging paper market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Flexible packaging paper market. These factors have benefited the growth of the global market for Flexible packaging paper. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Flexible packaging paper. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Flexible packaging paper are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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