The Worldwide Flexible Packaging Industry is Expected to Reach $288.99 Billion by 2028: Increase in Pouch Packaging Across End-Users Drives Growth (2023)

FAQs

What is the forecast for the flexible packaging market? ›

Flexible plastic packaging market was valued at USD 160.8 billion in 2020 and is projected to reach USD 200.5 billion by 2025, growing at a cagr 4.5% from 2020 to 2025.

The Global Packaging Market is expected to register a CAGR of 3.94% during the forecast period of 2022-2027. The global packaging business has experienced consistent growth over the last decade due to substrate choice changes, expansion of new markets, and changing ownership dynamics.

The global packaging and protective packaging market was valued at $1.0 trillion in 2021, and is projected to reach $1.5 trillion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.

Sustainability and Recyclable Films

Flexible packaging reduces waste, energy use, and greenhouse gas emissions. Additionally, flexible packaging provides many consumer conveniences including extended shelf life, easy storage, microwaveability, and resealability.

Packaging price increases have become commonplace over the previous 18 months. Increased demand for boxes caused by the growth in eCommerce deliveries, alongside raw material shortages and energy prices, has driven up most packaging prices. The Plastic Packaging Tax is also causing some packaging costs to rise.

The market size, measured by revenue, of the Packaging & Labeling Services industry is $11.8bn in 2023. What is the growth rate of the Packaging & Labeling Services industry in the US in 2023? The market size of the Packaging & Labeling Services industry is expected to increase 2.1% in 2023.

Flexible packaging is produced from paper, plastic, film, aluminum foil, or any combination of those materials, and includes bags, pouches, liners, wraps, rollstock, and other flexible products.

India's chemical industry is expected to reach US$ 304 bn by 2025, clocking an annual growth rate of over 15%. This means it could contribute to over 30% of the total manufacturing GDP of US$1 tn expected by 2025.

PE Ratio of B&A Packaging is 9.80. Earning per share of B&A Packaging is 20.01. Price/Sales ratio of B&A Packaging is 0.74.

What is a high growth rate for an industry? ›

15 percent to 25 percent: Rapid growth. 25 percent to 50 percent annually: Very rapid growth. 50 percent to 100 percent annually: Hyper growth. Greater than 100 percent annually: Light-speed growth.

Overall global packaging demand of all types to exceed $1.20 trillion in 2026: Smithers report. In 2021, the world packaging market has returned to solid growth following a slowdown witnessed in 2020, as multiple end-use industries were disrupted by Covid-19.

The global plastic packaging market size was estimated at USD 355 billion in 2021 and is expected to reach USD 369.2 billion in 2022.

The covid led supply chain disruption had led to a sharp rise in the price of polymers and speciality paints prices. Both are key raw materials for packaging companies and the spike led to hit the margins of packaging companies.

Due to food contamination in most flexible packaging going through the current recycling system, a very small percentage is actually reusable. The non-recycled polymers are sent into oxygen-free chambers for incineration, providing emissions-monitored energy to manufacturing plants.

A study shows that 54% of consumers ages 44 and under consider sustainable packaging when purchasing a product, leading the charge in this trend. Within that age group, 83% have said they're willing to pay more for products sustainably packaged.

Reusable plastic packaging can often be the most sustainable option. This can be by minimising damage, reducing raw material use, prolonged lifespan, and even less carbon emissions through efficient transit.

Over the past few decades, the global packaging industry has enjoyed healthy growth, supported by several megatrends.

Packaging protects the product. Packaging keeps the product from going bad. Packaging decreases costs. Packaging informs.

Who is the largest packaging company in the US? ›

Subscribe to unlock more. International Paper Co, Westrock Co, Berry Global Group Inc, Ball Corp, and Crown Holdings Inc are the top 5 packaging companies in North America in 2021 by revenue.

The United States of America-based International Paper Co is the leading flexible packaging company in the world in 2021 (by revenue).

According to the US Environmental Protection Agency (EPA), food and food packaging materials make up almost half of all municipal solid waste.

Flexible packaging is any package or any part of a package whose shape can be readily changed.” Common examples of flexible packaging include bags, pouches, shrink films, tubes, sleeves, and carded packaging.

As well as protecting the product, packaging contributes to efficient distribution, makes storage easy, and can convey crucial handling information, all while promoting your company at the same time!

-They are often less expensive than rigid packaging materials. -Flexible packaging materials can help to protect products from damage during transportation and storage. Cons: -Flexible packaging materials may not be suitable for products that require a rigid structure.

Flexible Packaging helps in reducing food waste, thus saving important resources - more than needed to produce the packaging itself. Flexible Packaging saves much more resources than it consumes. go to Serving same purpose while consuming much less material and energy resources throughout entire lifecycle.

Which industry will grow in next 5 years? ›

Increasing environmental awareness and technological advancements will help create new business opportunities in the global solar energy solutions market, which is projected to rise from $30.06 billion in 2022 to reach $62.97 billion by 2027, growing at a CAGR of 15.94%, according to a recent report by Infogence Global ...

A “good” P/E ratio isn't necessarily a high ratio or a low ratio on its own. The market average P/E ratio currently ranges from 20-25, so a higher PE above that could be considered bad, while a lower PE ratio could be considered better.

Companies that grow faster than average typically have higher P/Es, such as technology companies. A higher P/E ratio shows that investors are willing to pay a higher share price today because of growth expectations in the future. The average P/E for the S&P 500 has historically ranged from 13 to 15.

The current S&P500 10-year P/E Ratio is 29.3. This is 43% above the modern-era market average of 19.6, putting the current P/E 1.1 standard deviations above the modern-era average.

The ideal GDP growth rate is between 2% and 3%. The GDP growth rate measures how healthy the economy is. When the number is positive, the economy is growing.

Good economic growth can vary, but typically falls within two to four percent. This means that even if a company is only growing five percent a year, it could still have a good growth rate compared to other businesses. A good growth rate isn't always tied to general economic conditions.

It lists the top ten themes shaping the future of the packaging industry, including: advanced materials, artificial intelligence (AI), COVID-19, demographics, direct-to-consumer (D2C), eCommerce, environmental social governance (ESG), health and wellness, online food delivery and robotics.

This is driven by several factors, led by the diversity of products. For example, while a recession may impact discretionary spending, food packaging remains recession-proof, and typically expands when people eat at home.

Next generation packaging is an advanced form of packaging technology. It is an aggregation of three types of packaging, namely active packaging (includes antimicrobials, gas scavengers, emitters and others), intelligent packaging (includes sensors, indicators, and tags) and modified atmosphere packaging.

What is the global packaging industry forecast? ›

The global packaging and protective packaging market was valued at $1.0 trillion in 2021, and is projected to reach $1.5 trillion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.

Flexible Plastic Packaging Market was valued at USD 160.8 billion in 2020 and is projected to reach USD 200.5 billion by 2025, growing at a cagr 4.5% from 2020 to 2025.

Stock Price Forecast

The 28 analysts offering 12-month price forecasts for United Parcel Service Inc have a median target of 196.00, with a high estimate of 235.00 and a low estimate of 100.00. The median estimate represents a +7.01% increase from the last price of 183.16.

Packaging companies had been at the receiving end due to disruption in supply chain due to covid.

BOX has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 6 buy ratings, no hold ratings, and 1 sell rating.

The market size of the Packaging & Labeling Services industry in the US has grown 4.3% per year on average between 2018 and 2023.

At this rate, plastic production is expected to double by 2040 and increase by 2.5 times by 2050. Unless we change how we make and manage plastics, the problem of plastic pollution will keep on growing. In theory, plastics should be readily recycled or at least reused.

There is far more to it than just less plastic: The demand for sustainable packaging is on the rise; plastic components are gradually being replaced by renewable, eco-friendly raw materials such as cardboard, grass cardboard or cardboard made from agricultural waste. Smart packaging designs reduce material usage.

The growth in the sector is being driven by a surge in e-commerce, food processing, pharmaceuticals, FMCG, manufacturing industry and healthcare sector. Additionally, numerous government initiatives including 'Make in India' had positive impact on the packaging industry.

The overall packaging production costs are impacted by three major elements: quality, productivity and costs. These three factors are all very important and they should not be seen in isolation but across the entire chain from designing to printing to converting and to packing.

How much plastic will there be in 2030? ›

A new report from WWF International warns that the amount of plastic waste in the world's oceans will reach 300 million tons by 2030. According to the researchers, plastic pollution will likely double over the next decade and nearly a third of all plastic produced will make its way into the environment.

The amount of plastic in the ocean is expected to double in the next 15 years, and by 2050 there could be more plastic than fish in the sea (by weight). There are giant plastic islands floating on the ocean surface, and beaches around the world are increasingly littered with plastic rubbish even in the Arctic.

Environmental Sustainability. Plastics have a very good environmental profile. Only 4% of the world's oil production is used for plastics and much less energy is used to produce it compared to other materials. Plastics are durable yet lightweight and thus save weight in cars, aircraft, packaging and pipework.