The multilayer flexible packaging market is expected to be valued at US$ 170.5 billion in 2023. By 2033, the market is projected to be worth US$ 252.4 billion. During the projection period from 2023 to 2033, the market is estimated to record a CAGR of 4%.
There is a tremendous push toward sustainable packaging alternatives as environmental awareness grows. Multilayer flexible packaging can be built with biodegradable and reusable materials, lowering its environmental impact and addressing consumer demand for environmentally responsible solutions.
Customer desires for convenience continue to drive packaging advancement. Multilayer flexible packaging includes resealable zippers, easy-to-open designs, and portion control, improving the whole customer experience and meeting user-friendly packaging standards. As a result, the properties of multilayer flexible packaging are expected to drive significant market expansion.
The growth of e-commerce is notable, particularly with the introduction of online purchasing. Because of its lightweight nature, cost-effectiveness, and flexibility to diverse product kinds, multilayer flexible packaging is well-suited for e-commerce businesses. It protects the shipment and helps to decrease the price of shipping.
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
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Business Growth Opportunities in Beverage Cartoners:
- Sustainability Focus: Embrace environmentally friendly packaging solutions to meet the growing demand for sustainable and eco-friendly packaging. Develop and market beverage cartoners that use recycled materials and have a reduced environmental impact.
- Customization and Personalization: Offer customizable beverage carton solutions to cater to diverse consumer preferences. Provide options for personalized packaging, such as different sizes, shapes, and graphics, allowing brands to connect more effectively with their target audience.
- Automation and Efficiency: Invest in advanced automation technologies to enhance production efficiency and reduce operational costs. Implement smart manufacturing processes that optimize the use of resources and improve overall productivity in beverage carton packaging.
- E-commerce Packaging Solutions: With the rise of online shopping for beverages, develop packaging solutions that are suitable for e-commerce distribution. Focus on creating cartoners that ensure product integrity during transportation and meet the specific requirements of online retail channels.
- Global Expansion: Explore opportunities for market expansion by entering new geographical regions. Tailor beverage cartoners to meet the unique preferences and regulatory requirements of different markets, tapping into the global demand for innovative and sustainable packaging solutions.
Trends in the Beverage Cartoners Industry:
- Smart Packaging Integration: Incorporate smart packaging technologies, such as RFID tags or QR codes, to enable better traceability, authentication, and interaction with consumers. This trend enhances product visibility, supply chain transparency, and consumer engagement.
- Reduced Packaging Waste: Focus on developing and promoting beverage cartoners with minimalistic and easily recyclable designs. This aligns with the global push towards reducing plastic waste and promotes a circular economy by encouraging recycling and reuse.
- Innovative Material Usage: Experiment with new and innovative materials for beverage carton packaging, such as bio-based and biodegradable materials. Stay ahead in the market by adopting materials that enhance both sustainability and performance.
- Premiumization of Packaging: Respond to consumer demand for premium and high-quality packaging experiences. Integrate premium finishes, unique printing techniques, and luxurious design elements into beverage cartoners to enhance brand perception and attract discerning consumers.
- Health and Wellness Emphasis: Capitalize on the growing consumer focus on health and wellness by incorporating features that preserve the nutritional quality and freshness of beverages. Develop packaging solutions that address consumer concerns related to product safety, hygiene, and health-conscious lifestyles.
“Shift from rigid packaging to flexible packaging is the leading trend in the global packaging industry. Changing packaging needs enable brand owners to enjoy high profitability margins, owing to reduction in transportation cost and cheaper package cost.”
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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)
- Polyethylene (PE)
- Paper
- Aluminium Foil
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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
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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