Flexible Green Packaging Tipped for Significant Global Growth

“For many, traditional packaging has become a significant cause for environmental concern,” says Greg Johnson, Associate Director, Consulting, BCC Research.

August 12, 2022

As the world looks to sustainable solutions for a greener future, flexible green packaging is undergoing substantial global growth. According to a new report from BCC Research, the sector achieved a market value of $223.3 billion in 2021, and it’s on track to exceed $317 billion by 2027.

“For many, traditional packaging has become a significant cause for environmental concern,” says Greg Johnson, Associate Director, Consulting, BCC Research. “Over the years, a wide range of brands and manufacturers have been in the firing line, facing societal, financial and moral pressures to reuse, recycle and reduce packaging’s impact on the planet. This has given rise to flexible green packaging solutions, designed to meet the needs of today without compromising the ability of future generations to meet their own needs.”

Flexible packaging and the shift to sustainability

Flexible packaging can be made to change its shape based on the needs of a manufacturer. It’s available in the form of films, pouches, bags and cartons, which have become popular with companies and consumers alike. That’s due to light weight, portability, durability, ease of opening, and space-saving qualities when compared with rigid packaging.

Flexible green packaging combines convenience with reusability, biodegradability, recyclable characteristics and energy-efficient materials. Technological advancements in the field of material science have allowed manufacturers to use it more widely, particularly within food, consumer goods, beverages, medical and personal care sectors. These industries have been major contributors towards flexible green packaging advancement, which saw it capture a 22% share of all packaging produced in 2021.

Regional performances and regulatory differences

APAC is the dominant region for flexible green packaging, accounting for more than one in every three dollars of global value. Europe and North America occupy positions two and three respectively.

“The U.S., Germany, France, the U.K, China, India and South Korea are the primary global markets,” says Johnson. “That’s mainly due to due to stringent government regulations and high consumer awareness. Also, countries like China and India are the fastest growing in terms of economies and population. There, the demand for flexible green packaging products is being driven by Millennials, as they prefer single-serving and on-the-go style food and beverage products.”

All eyes on a sustainable future

As concerns over environmental issues grow, so too will the demand for sustainable packaging. Recycling schemes, which reduce waste and decrease pollution, are on the rise. Operational integration and geographical expansion have resulted in a more efficient green supply chain. And regulatory frameworks for sustainability are becoming stricter in many world territories. All these factors are combining with increased consumer awareness and demand, pointing towards a wide range of lucrative future opportunities.

For further information on the new Flexible Green Packaging: Global Markets report from BCC Research, or to make a purchase, please contact at info@bccresearch.com.

Flexible Green Packaging: Global Markets( ENG008B )
Publish Date: Jul 2022    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.