Flexible Paper Food & Beverage Packaging Market - Forecast(2023 - 2028)

Global Flexible Paper Food & Beverage Packaging Market size is estimated to reach $47.4 billion by 2027, growing at a CAGR of 4.0% during the forecast period 2022-2027. Flexible paper packaging not only serves a critical role in removing beverage and food waste but also permits online brands to refresh their packaging and enhance the e-commerce experience. Polyethylene terephthalate (PET) is the third most extensively dispersed polymer taken advantage of, in the packaging industry, absorbing the bottles market for beverages, and covering almost 16% of the European plastic consumption in the packaging industry. ‘Reclosable pouches’ indicate pouches that, as opposed to traditional packaging pouches, can be resealed or closed after application or transferring the contents of the package. Reclosable pouches, also termed re-sealable pouches, have observed an accelerated development in demand in comparison with that traditional pouches. Carded packaging augments the product display area while keeping up an ultra-tough enclosure. To do so, printed cards are integrated with different blistered plastics and films to build tamper-proof seals that protect contents. Shrink wraps (also termed shrink films or shrinkwraps) are versatile polymer materials utilized for the packaging of finished goods. The shrink sleeve label permits one to include a “second skin” to the containers. When the film sleeve is established around the container and heat is applied, it adapts to the form of the container to build a label that appears like it is genuinely a portion of the product.

The surging awareness among consumers regarding the negative impacts of plastic on the environment is set to drive the Global Flexible Paper Food & Beverage Packaging Market. The soaring demand for paper packaging in the grocery industry and the boost in customer comfort owing to flexible paper packaging apart from carded packaging is set to propel the growth of the Global Flexible Paper Food & Beverage Packaging Market during the forecast period 2022-2027. This represents the Global Flexible Paper Food & Beverage Packaging Industry Outlook.

Report Coverage

The report: “Flexible Paper Food & Beverage Packaging Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Flexible Paper Food & Beverage Packaging Market.

By Product Type: Paperboard, Container Board, Corrugated Board, Kraft Paperboard, Others.
By Application: Vegetables, Fruits, Meat, Deli And Dry Fruits, Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

Key Takeaways

• Geographically, North America Global Flexible Paper Food & Beverage Packaging Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the existence of countries like the U.S. where technological innovation, sustainability panic, and attractive economics are fuelling the development of flexible packaging in the last twenty years apart from carded packaging in the North American region.
• Global Flexible Paper Food & Beverage Packaging Market growth is being driven by the surging application of eco-friendly flexible packaging solutions utilizing paper with heightening awareness regarding pollution and environmental deterioration apart from the application of carded packaging. However, the increasing cost of raw materials inclusive of paper is one of the major factors hampering the growth of the Global Flexible Paper Food & Beverage Packaging Market. 
• Global Flexible Paper Food & Beverage Packaging Market Detailed Analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Global Flexible Paper Food & Beverage Packaging Market report.

Global Flexible Paper Food & Beverage Packaging Market: Market Share (%) by Region, 2021

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Flexible Paper Food & Beverage Packaging Market Segment Analysis – By Product Type:

The Global Flexible Paper Food & Beverage Packaging Market based on product type can be further segmented into Paperboard, Container Board, Corrugated Board, Kraft Paperboard, and Others. The Paperboard Segment held the largest market share in 2021. This growth is owing to the surging application of paperboard for ice cream cups, microwave popcorn bags, baking paper, milk cartons, fast food containers like pizza and beverage cups, and more. Reclosable pouches are widely utilized in the food and beverage industry. The surging benefits of paperboard containers like lengthier shelf-life owing to sterilized treatment provided to both product and packaging material and the emergence of promising brads like TetraPak for paperboard packaging material are further propelling the growth of the Paperboard segment.

Furthermore, the Corrugated Board segment is estimated to grow with the fastest CAGR of 5.4% during the forecast period 2022-2027 owing to the surging application of corrugated board in food packaging owing to food packaging singly using 32% of total corrugated board in European countries and 40% if beverage packaging segment is also involved (Kirwan 2005) apart from extensive application of reclosable pouches in the food and beverage industry.

Flexible Paper Food & Beverage Packaging Market Segment Analysis – By Application

The Global Flexible Paper Food & Beverage Packaging Market based on the application can be further segmented into Vegetables, Fruits, Meat, Deli And Dry Fruits and Others. The Others Segment held the largest market share in 2021. This growth is owing to the extensive application of flexible paper packaging for pizza, burgers, fast food, bread, poultry, and french fries. Reclosable pouches are greatly used in the food and beverage industry. The proliferating application of compartment-based CFB cartons for multipacks of yogurt cups of polystyrene is further propelling the growth of this segment.

Furthermore, the Vegetable segment is estimated to grow with the fastest CAGR of 5.1% during the forecast period 2022-2027 owing to the surging application of flexible paper packaging for vegetables to be supplied to markets on an everyday basis apart from the application of reclosable pouches in the food and beverage industry.

Flexible Paper Food & Beverage Packaging Market Segment Analysis – By Geography:

The Global Flexible Paper Food & Beverage Packaging Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. North America (Global Flexible Paper Food & Beverage Packaging Market) held the largest share with 35% of the overall market in 2021. The growth of this region is owing to the predominance of the U.S. in the North American region. Mondi, North America has developed ZipperPouch which is categorized under reclosable pouches as a reclosable stand-up pouch that is effortless, useful, and prepared with a high barrier material. The soaring inclination of consumers to even pay an added quantity for food stocked in flexible packaging is further propelling the growth of the Global Flexible Paper Food & Beverage Packaging Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the surging demand for paper pulp in developing countries like China and India in the Asia-Pacific region. Reclosable pouches are largely used in the food and beverages industry. The emerging transit flexible paper packaging market in China together with the proliferating consumerism is further fuelling the progress of the Global Flexible Paper Food & Beverage Packaging Market in the Asia-Pacific region.

Flexible Paper Food & Beverage Packaging Market Drivers

Surging Significance Of Flexibility In Food And Beverage Packaging And Recycling Are Projected To Drive The Growth Of Flexible Paper Food & Beverage Packaging Market:

There are numerous benefits of functioning in a flexible manufacturing environment and strategies for a favorable outcome. It is possible to augment operational scalability to promptly manage switches in demand. Very smart, compliant automation solutions planned to manage accelerated changeovers and make room for shorter productions runs are integral in the food and beverage packaging industry. Flexibility endeavors within this industry aim attention at guarantee that processors and packagers can manage the ever-altering requirements of the international market, with the littlest interruption to production. Automation is the answer for favorably driving out time, cost, and blemishes from manufacturing procedures. Spouted pouches are reclosable pouches, which makes them a useful match for grab-and-go products. Spouted pouches provide great flexibility in the kinds of products that they can contain, including food, beverage, condiments, dry mixes, pet food, granulates, and powders. Recycling is a central portion of the food packaging industry's principles. For each household that readily recycles, sufficient energy is saved to run a 40-watt light globe for around 72 hours. Over 90 liters of water are saved per week by way of such efforts and around 3.6 kilograms of solid waste are saved per week also. Food packaging suppliers perform their own share. The surging significance of flexibility in food and beverage packaging and recycling is therefore fuelling the growth of the Global Flexible Paper Food & Beverage Packaging Market during the forecast period 2022-2027.

Soaring Innovations In Paper Packaging And Measures In Waste Reduction Are Expected To Boost The Demand For Flexible Paper Food And Beverage Packaging:

Amcor has established an environmentally friendly paper packaging material that safeguards food from oxygen and moisture — and runs well on with current packaging lines. Amcor is extending packagers’ alternatives for sustainable flexible materials with the introduction of LifeSpan Performance Paper in Europe. The recyclable, high-barrier material was established for food packaging and is the earliest offering in Amcor’s currently declared AmFiber product family. LifeSpan Performance Paper was devised to offer snack and confectionery packagers a recyclable package that is grease-resistant and conveys high oxygen and moisture barrier, even in tropical climates. As per Amcor, the material provides a barrier level comparable to that of metalized oriented polypropylene (OPP). The firm is presently working on added packaging applications for the material, inclusive of coffee, spices, and dried soups. With proliferating attention on waste reduction, the Australian food and beverage packaging industry has accommodated many alterations to assist. For example, the soft drink industry - which at one stage used up nearly 453g of packaging to produce only one single liter of soft drink - has economized significantly. Presently, the industry only needs around 150 grams per liter of soft drink; that symbolizes a 67% decrease, which is not an inconsequent sum. As more and more alterations like that happen in the packaging industry, the waste decrease should expedite by an enormous quantity. Reclosable pouches like Multi-Seal FoldLOK are planned for shredded cheese applications. The soaring innovations in paper packaging and measures in waste reduction are therefore driving the growth of the Global Flexible Paper Food & Beverage Packaging Market during the forecast period 2022-2027.

Flexible Paper Food & Beverage Packaging Market Challenges

Stringent Regulations For Usage of Paper For Packaging Are Hampering The Growth Of The Flexible Paper Food & Beverage Packaging Market:

Consumer Packaged Goods (CPG) firms consistently check out for techniques to enhance and attend to consumers' demands. This elevates the pressure on flexible packaging firms to keep up with rapidly-altering demands. Also, this enforces them to make consistent technology upgrades which need enormous capital financing. Numerous governmental organizations, consumers, and environmental groups keep closely examining flexible packing firms owing to waste built by them. Firms, therefore, require to establish designs that can attend to environmental problems like end-of-life disposal, and decrease greenhouse gas and water footprints to maintain themselves. This at times proves to be an expensive process. Reclosable pouches are extensively utilized in food and beverage packaging. Nearly 2.2 million tonnes of food waste is generated in Australia every year. If it were not for food packaging providers, it would be significantly greater. These issues are thus hampering the growth of the Global Flexible Paper Food & Beverage Packaging Market.

Flexible Paper Food & Beverage Packaging Industry Outlook:

Mergers and acquisitions, novel product launches, and expansion plans are key strategies adopted by players in the Global Flexible Paper Food & Beverage Packaging Market. Key companies in this market are:

1. Sappi Ltd
2. Mondi Group
3. International Paper Company Inc.
4. Kapstone LLC
5. WestRock Inc.
6. Sonoco Products Company
7. Amcor Ltd
8. Packaging Corporation of America
9. DS Smith PLC
10. Evergreen Group (Reynolds Group Holding Ltd)

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