The multilayer flexible packaging market size is anticipated to be worth USD 170.5 billion in 2023. The market is likely to reach USD 252.4 billion by 2033 with a CAGR of 4% from 2023 to 2033.
Key Market Trends and Highlights
| Attributes | Key Insights |
|---|---|
| Market Value in 2023 | USD 170.5 billion |
| Projected Market Value in 2033 | USD 252.4 billion |
| Value-based CAGR from 2023 to 2033 | 4% |
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The scope for multilayer flexible packaging rose at a 3.4% CAGR between 2018 and 2022. The global market for multilayer flexible packaging is anticipated to expand at a moderate CAGR of 4% over the forecast period 2023 to 2033.
| Report Attributes | Details |
|---|---|
| Market Value in 2018 | USD 140.1 billion |
| Market Value in 2022 | USD 164 billion |
| CAGR from 2018 to 2022 | 3.4% |
The lives of customers are changing as their spending power rises, necessitating the expansion of the retail industry throughout Asia-Pacific.
The advantages of multilayer flexible packaging include increased customer satisfaction and shelf life. Nowadays, packaging films have between 3 and 12 layers. Since they are created by a multilayer coextrusion technique, these multilayer flexible packaging films are recognized as co-extruded films.
The combination of numerous layers, all of which are made of different materials, improves the physical and mechanical attributes of the films, which include durability to heat and tear, as well as resistance to oxygen and humidity. Consequently, the market is set to evolve further with sustainability taking center stage.
Recyclable and biodegradable materials are poised to dominate as environmental concerns intensify. Enhanced barrier properties are projected to extend product shelf life, catering to growing food waste concerns. E-commerce integration is expected to persist, influencing packaging design.
Customization and global expansion are assumed to be paramount for brand differentiation and market reach. The market is expected to continue to innovate and grow, driven by sustainability, e-commerce, and technological advancements.
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The below table showcases revenues in terms of the top 4 leading countries, spearheaded by Canada and China. These two countries are expected to lead the market through 2033, with sizes of USD 30 billion and USD 27 billion.
Expected Market Values in 2033
| The United States | USD 23 billion |
|---|---|
| China | USD 27 billion |
| The United Kingdom | USD 21 billion |
| Canada | USD 30 billion |
Forecast CAGRs from 2023 to 2033
| The United States | 3.9% |
|---|---|
| China | 4% |
| The United Kingdom | 3.7% |
| Canada | 4.1% |
Canada is expected to reach USD 30 billion by 2033, expanding at a CAGR of 4.1%. The increasing incidence of packaged food consumption, as well as increasing demand for recycled and ecological packaging, are propelling the multilayer flexible packaging market in Canada.
The key players in the Canada multilayer flexible packaging market are constantly working to innovate polymers for the packaging owing to the increasing requirements for multilayer flexible packaging from multiple industries such as food and beverages, cosmetics and personal care, pharmaceuticals, and others.
The rising consciousness of consumers of no animal testing and organic or cruelty-free skincare products in Canada is likely to stimulate the market for organic cosmetic items in this nation. It is further going to have a favorable effect on demand for multilayer flexible packaging material used for beauty and personal care items in Canada.
Previously, the Canadian government shipped plastic scraps to Asian countries including China, Indonesia, and Malaysia. The tight restrictions enacted by governments in many Asian nations on plastic trash imports have prompted the Government of Canada to take measures to recycle its plastic garbage and promote the introduction of sustainable packaging options.
Multilayer flexible packaging trends in the United States are taking a turn for the better. A 3.9% CAGR is forecast for the country from 2023 to 2033. By the end of this forecast period, the United Kingdom's multilayer flexible packaging market is likely to total USD 23 billion.
The rising need for multilayer flexible packaging across the food and beverage, medicinal products, and personal care sectors is driving market expansion in the United States.
In the United States, the food and beverage industry is a significant end-user of multilayer flexible packaging. Another important end-user of multilayer flexible packaging in the United States is the pharmaceutical industry. According to CBO data, the pharmaceutical industry spent USD 83 billion on research and development in the United States in 2019. As a result, significant growth in the pharmaceutical business in the United States is expected to contribute to market growth.
The multilayer flexible packaging market in the United States is highly competitive. Some of the key players in the market include Amcor, Bemis, Berry Global, Sealed Air, and Sonoco. These companies are investing heavily in research and development to develop innovative multilayer flexible packaging solutions.
The multilayer flexible packaging market in China is anticipated to reach a value of USD 27 billion. The market in China is poised to increase at a CAGR of 4% through 2033.
China's robust economic growth, urbanization, and rising disposable incomes are boosting consumer demand for packaged goods. This, in turn, fuels the need for innovative and flexible packaging solutions.
Environmental concerns are growing in China, leading to an increased focus on sustainable packaging. Companies are transitioning to eco-friendly materials and practices to meet consumer expectations and comply with stringent regulations.
The booming e-commerce sector in China continues to drive the demand for multilayer flexible packaging. These packages are essential for secure and efficient online product deliveries, providing opportunities for customization and branding.
The pharmaceutical sector is growing. Multilayer flexible packaging plays a crucial role in ensuring product safety and integrity with an aging population and increased healthcare spending. According to WHO data, China has one of the world's significantly growing aging populations. Due to its long lifespan and low fertility rates, China's population of individuals over 60 years old is expected to reach 28% by 2040.
Expected to reach USD 21 billion by 2033, the multilayer flexible packaging market in the United Kingdom is set to witness positive growth. From 2023 to 2033, the country is likely to register a 3.7% CAGR.
Environmental concerns and government initiatives are pushing the industry toward greater sustainability. Manufacturers are increasingly adopting recyclable, biodegradable, and eco-friendly materials to reduce their environmental footprint, aligning with consumer preferences for green packaging solutions in the United Kingdom.
The food and beverage industry remains a primary consumer of multilayer flexible packaging. Brands in the United Kingdom use these solutions to extend product shelf life, enhance freshness, and ensure food safety, catering to evolving consumer preferences for packaged and convenience foods.
The adoption of smart packaging technologies, such as QR codes and freshness indicators, is on the rise in the United Kingdom. These innovations improve product traceability, enhance consumer experiences, and support supply chain optimization. Also, strict regulations related to food safety and labeling are influencing packaging materials and designs, prompting the industry to invest in compliance solutions.
The United Kingdom's multilayer flexible packaging market is evolving in response to sustainability, e-commerce growth, customization, and technological advancements.
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The below table highlights how pouches & sachets are projected to lead the market in terms of product, recording a 3.6% CAGR through 2033. It registered a CAGR of 3.2% from 2018 to 2022.
| Category | CAGR from 2023 to 2033 |
|---|---|
| Pouches & Sachets | 3.6% |
| Cosmetics and Personal Care | 3.8% |
Based on product, the pouches & sachets segment is expected to continue dominating the multilayer flexible packaging industry with a CAGR of 3.6% from 2023 to 2033.
Pouches & sachets held a notable market share of 36% in 2022. These pouches are thin, versatile, and simple to carry, resulting in a cost-effective solution for both companies and merchants. They also have a lower ecological footprint than other types of packaging since they need fewer raw materials to produce and create less waste.
In the intensely competitive cosmetics and personal care market, packaging can be an important part of distinguishing a company. Multilayer flexible packaging solutions include a variety of customization possibilities, such as printing, embossing, and completion, which can assist firms in creating packaging that is distinctive and enticing to consumers.
Considering their superior barrier capabilities that provide safety, preservation, and visual appeal to the products, these packaging solutions are commonly used by producers in this market for packaging beauty items including lotions and foundations. As a consequence, the cosmetics and personal care market is predicted to expand rapidly in the future years.
The leading players in the multilayer flexible packaging market are developing flexible plastic packaging films with MAP (modified atmosphere packaging) capabilities. This allows tabling different scales of transparency to modify the interior atmosphere of the package to optimize the shelf life of the item.
| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Multilayer Flexible Packaging Market Estimated Size in 2023 | USD 170.5 billion |
| Projected Market Value in 2033 | USD 252.4 billion |
| Value-based CAGR from 2023 to 2033 | 4% |
| Market Analysis | USD billion for Value |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Market Segments Covered | Product, Material, Layer Structure, End-use, and Region |
| Key Companies Profiled | Scientex; Constantia Flexibles; Glenroy; Berry Global Group; Amcor; Mondi Group; Coveris Holdings; Sonoco Products; Winpak; Sealed Air; Uflex; Toray Plastics; Schur Flexibles Holding |
| Pricing | Available upon Request |
The multilayer flexible packaging market is expected to be worth USD 170.5 billion in 2023.
The market for multilayer flexible packaging is set to expand at a CAGR of 4% by 2033.
The multilayer flexible packaging industry is expected to reach USD 252.4 billion by 2033.
Canada is likely to be the top performing market, accounting for USD 30 billion in 2033.
China’s multilayer flexible packaging industry is forecast to reach USD 27 billion by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Bags 5.2. Pouches & Sachets 5.3. Wrapping Films 5.4. Laminates 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Plastic 6.1.1. Polypropylene 6.2. BOPP 6.3. CPP 6.4. OPP 6.4.1. Polyethylene 6.5. LDPE 6.6. LLDPE 6.7. HDPE 6.7.1. Polyethylene Terephthalate 6.7.2. Polyvinylidene Chloride (PVDC) 6.7.3. Ethylene Vinyl Alcohol (EVOH) 6.7.4. Ethylene Vinyl Acetate (EVA) 6.7.5. Polyvinyl Chloride (PVC) 6.8. Paper 6.9. Aluminium Foil 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Layer Structure 7.1. 3 Layers 7.2. 5 Layers 7.3. 7 Layers 7.4. More than 7 Layers 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use 8.1. Food 8.1.1. Meat, Poultry, and Seafood 8.1.2. Bakery & Confectionery 8.1.3. Snacks 8.1.4. Dairy 8.1.5. Pet Food 8.1.6. Baby Food 8.1.7. Other Food Products 8.2. Beverages 8.3. Pharmaceuticals 8.4. Automotive 8.5. Cosmetics and Personal Care 8.6. Homecare 8.7. Electricals & Electronics 8.8. Agriculture & Allied Industries 8.9. Textiles & Apparels 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Scientex 19.2. Constantia Flexibles 19.3. Glenroy 19.4. Berry Global Group 19.5. Amcor 19.6. Mondi Group 19.7. Coveris Holdings 19.8. Sonoco Products 19.9. Winpak 19.10. Sealed Air 19.11. Uflex 19.12. Toray Plastics 19.13. Schur Flexibles Holding 20. Assumptions & Acronyms Used 21. Research Methodology
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Multilayer Flexible Packaging Market
