Global Multilayer Flexible Packaging Market to Reach USD 252.4 Billion by 2033, Driven by Sustainability and E-commerce

The global multilayer flexible packaging market is poised for substantial growth, with an anticipated value of US$ 170.5 billion in 2023. This market is on track to reach an impressive US$ 252.4 billion by 2033, boasting a commendable Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033.

Several key trends and highlights are driving this growth trajectory. Environmental concerns are at the forefront, compelling companies to adopt sustainable materials and practices in multilayer flexible packaging. The industry is increasingly incorporating recyclable and biodegradable materials to reduce its carbon footprint.

Report Highlights: Important Revelations

• Market Worth in 2023: The multilayer flexible packaging market is expected to be valued at US$ 170.5 billion.
• Projected CAGR (2023-2033): The market is set to expand at a CAGR of 4% until 2033.
• Market Worth in 2033: The industry is projected to reach US$ 252.4 billion by 2033.
• Dominant Country: Canada is likely to be the top-performing market, expected to account for US$ 30 billion by 2033.
• China’s Market Valuation in 2033: China’s multilayer flexible packaging industry is forecast to reach US$ 27 billion by 2033.

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Moreover, consumer demand for convenience continues to be a major driver, leading to innovations in packaging design. Multilayer flexible packaging now offers features like resealable zippers, easy-to-open designs, and portion control to meet these evolving demands.

The food industry remains a primary catalyst for growth in the multilayer flexible packaging industry. Brands are turning to these packages to extend shelf life, maintain product freshness, and enhance visual appeal. Additionally, with the surge in e-commerce, there’s a growing need for durable and protective packaging. Multilayer flexible packaging stands out for its lightweight, cost-effective, and customizable solutions, making it the preferred choice for shipping products in this digital retail landscape.

Key Takeaways

• Canada is predicted to reach US$ 30 billion by 2033, with a 4.1% CAGR.
• The multilayer flexible packaging market in the United Kingdom is expected to reach US$ 23 billion by the end of this forecast period.
• China’s multilayer flexible packaging industry is projected to be worth US$ 27 billion.
• China’s industry is expected to develop at a CAGR of 4% through 2033.
• The multilayer flexible packaging industry in the United Kingdom is forecast to value at US$ 21 billion by 2033.

“ The food industry continues to be a key driver of multilayer flexible packaging demand. These packages are used by brands to increase shelf life, retain product freshness, and improve visual appeal, in response to consumer demand for safe, convenient, and visually beautiful food goods, ” says an FMI analyst.

Key Market Trends and Highlights:

1. Environmental Sustainability:
   • The industry is witnessing a shift towards sustainable materials and practices due to rising environmental concerns. Companies are increasingly adopting recyclable and biodegradable materials to minimize their carbon footprint.
2. Consumer Convenience:
   • The demand for convenience is driving innovation in multilayer flexible packaging, incorporating features like resealable zippers, easy-to-open designs, and portion control, which enhance the consumer experience.
3. Food Industry Dominance:
   • The food industry remains a primary driver of growth in the multilayer flexible packaging market. Brands are leveraging these packages to ensure extended shelf life, product freshness, and visual appeal.
4. E-commerce Influence:
   • The rise of e-commerce has amplified the need for durable and protective packaging. Multilayer flexible packaging is favored for its lightweight, cost-effective, and customizable solutions, which are ideal for shipping products.

Technological Advancements:

• Multilayer Coextrusion:
  • Modern packaging films are created using a multilayer coextrusion technique, combining between 3 to 12 layers of different materials. This enhances the films’ physical and mechanical attributes, including heat and tear durability, as well as resistance to oxygen and humidity.
• Smart Packaging:
  • The market is evolving with the integration of smart packaging solutions that include QR codes for tracking, freshness indicators, and interactive labels. These features enhance product visibility, optimize supply chains, and increase consumer engagement.

Market Landscape                    

The global multilayer flexible packaging market is identified as a highly competitive and fragmented market. Unorganized and local players can leverage significant growth opportunities in the global multilayer flexible packaging market. Some of the key players operating in the multilayer flexible packaging industry are Sealed Air Corp., Mondi Group Plc, Berry Global Group, Inc., Scientex Berhad, and Uflex Ltd., among others. Key players are focusing on acquisitions and product innovation to expand their footprint and customer base across the globe.

• In November 2019, Constantia developed its first plant Constantia Ecoflex at Ahmedabad, India, for producing sustainable and recyclable flexible packaging.
• In February 2019, Amcor Limited introduced Genesis, a polyethylene laminate with the look and feel of traditionally oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, homecare, personal care, and other industries. The company acquired Bemis Company Inc., which is one of the leading manufacturers of multilayer flexible packaging.
• In June 2019, Sealed Air Corp. acquired MGM’s flexible packaging business. MGM is a privately-held company that is headquartered in Manila, the Philippines. This acquisition will allow the company to expand its food packaging operations in Asia.

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Key Segments:

By Product

• Bags
• Pouches & Sachets
• Wrapping Films
• Laminates
• Others (Liners, Stick Packs, etc.)

By Material

• Plastic
  • Polypropylene (PP)

• BOPP
• CPP
• OPP
  • Polyethylene (PE)
    • LDPE
    • LLDPE
    • HDPE
  • Polyethylene Terephthalate
  • Polyvinylidene Chloride (PVDC)
  • Ethylene Vinyl Alcohol (EVOH)
  • Ethylene Vinyl Acetate (EVA)
  • Polyvinyl Chloride (PVC)
  • Polyamide (PA)
• Paper
• Aluminium Foil

By Layer Structure

• 3 Layers
• 5 Layers
• 7 Layers
• More than 7 Layers

By End-use

• Food
  • Meat, Poultry, and Seafood
  • Bakery & Confectionery
  • Snacks
  • Dairy
  • Pet Food
  • Baby Food
  • Other Food Products
• Beverages
• Pharmaceuticals
• Automotive
• Cosmetics and Personal Care
• Homecare
• Electricals & Electronics
• Agriculture & Allied Industries
• Textiles & Apparels

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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