Europe Flexible Packaging market is anticipated to grow at 5.21% CAGR from 2020 to 2025 and it is estimated that the European market was valued at USD 9.38 billion in 2020 and is expected to reach USD 12.42 billion by 2025.
A flexible package is defined as a package or container made of flexible or easily container made of flexible or easily yielding materials that, when filled or yielding materials that, when filled or closed, can be readily changed in shape. closed, can be readily changed in shape. The construction can be of paper, plastic, plastic film, foil, or any combination of these.
An increase in demand from healthcare, food & beverages, household products, cosmetics and toiletries, sporting goods, and other agricultural products industries will drive the flexible packaging market growth. Due to lightweight characteristics and ease of use, logistics companies are shifting to flexible packaging materials consequently boosting the market growth. Manufacturers are moving towards flexible packaging as it creates less waste because of the lower utilization of crude materials, which requires less storage room along with easy transport.
Technological advancement, improving barrier properties, developing thin elastic material coupled with innovations in high-speed filling equipment will further drive the market growth. Easy transportation and storage along with sustainable properties fueled the product demand. Export trading industry expansion is key factors enhancing the overall industry growth. However, strict government regulations regarding polymer and recyclability of packaging material may hinder the flexible packaging market growth. Increasing aluminum and polymer prices due to political unrest may impact the flexible packaging market price trend.
Europe Flexible Packaging Market Drivers
Since the average age in several European countries keeps increasing, dynamics on the market for the packaging of pharmaceutical products will pick up the pace in future years. The flexible packaging will also profit from a rising move towards one-portion packs. The rise in the call from healthcare, food and beverages, household products, cosmetics and toiletries, sporting goods, and other agricultural products businesses will drive the flexible packaging market expansion in Europe. Owing to the lightweight characteristics and ease of use, logistics businesses are shifting to flexible packaging materials, fueling the local market expansion.
Europe Flexible Packaging Market Restraints
Stringent government rules relating to the polymer and recyclability of packaging materials may hamper Europe's flexible packaging market expansion. Rising aluminum and polymer costs owing to political unrest may affect the flexible packaging market price trend.
Europe Flexible Packaging Market Opportunities
Makers are moving towards flexible packaging as it makes out less wastage due to the lower use of crude materials that need less space room along with easy transport.
Europe Flexible Packaging Market segmentation until 2025.
By Type, it is segmented into Stand-Up Pouches, Flat Pouches, Gusseted Bags, Wicketed Bags, Wraps, and Rollstock.
By Material, it is segmented into Plastic Films, Paper, Aluminum Foil, and Bioplastics.
By Printing Technology, it is segmented into Flexography, Rotogravure, Digital Printing, and Other Printing Technologies.
By Application, it is segmented into Promote, Food and Beverages, Healthcare, Cosmetics & Toiletries, and Other Applications.
By Region, UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic, and the Rest of Europe.
Europe's flexible packaging market is majorly driven by Russia and Germany, which will showcase high expansion in the future years. Rising calls for cosmetics and processed food among customers owing to the increasing buying power will drive regional development. Growth in confectionery, dairy and medical business, technological growth in barrier materials together with an expanding retail store, stand up pouches use will boost the business expansion. Expansion in Germany, Europe's biggest market for flexible packaging, slowed from 2% to 1.6% in 2018. Slight decreases in the confectionary and struggling dairy segment were highly responsible for this deceleration in expansion. 2018 saw more development in Russia, as the country's flexible packaging business looks to meet call with domestic production rather than imports. Recovery in the Italian and Ukrainian markets, rising at 3% and 4% respectively, illustrates a resurgence in both countries after many years of economic downturn. The decline in the use of sugar and chocolate confectionery, cigarettes, and tobacco in Western Europe was compensated by continuous expansion in Eastern Europe for overall marginal escalates in 2018.
The flexible packaging market is dominated by companies like Amcor Limited, Bemis Company Inc., Constantia Flexibles Group GmbH, Sealed Air Corporation, Huhtamäki Oyj, Coveris Holdings S.A., Sonoco Products Company, Berry Plastics Group Inc., Mondi Group, and Reynolds Group Holdings.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Plastic Films
18.104.22.168.1 Biaxially Oriented Poly Propylene (BOPP)
22.214.171.124.2 Cast Propylene
126.96.36.199.1 High-Density Polyethylene (HDPE)
188.8.131.52.2 Low-Density Polyethylene (LDPE)
184.108.40.206 Poly Vinyl Chloride (PVC)
220.127.116.11 Biaxially Oriented Polyethylene Terephthalate (BOPET)
18.104.22.168 Ethylene Vinyl Alcohol (EVOH)
5.1.4 Aluminum Foil
5.1.6 Y-o-Y Growth Analysis, By Material
5.1.7 Market Attractiveness Analysis, By Material
5.1.8 Market Share Analysis, By Material
5.2.2 Stand-Up Pouches
22.214.171.124 Standard Stand-Up Pouches
126.96.36.199 Retort Stand-Up Pouches
5.2.3 Flat Pouches
188.8.131.52 Standard Flat Pouches
184.108.40.206 Retort Flat Pouches
5.2.4 Gusseted Bags
5.2.5 Wicketed Bags
5.2.8 Y-o-Y Growth Analysis, By Type
5.2.9 Market Attractiveness Analysis, By Type
5.2.10 Market Share Analysis, By Type
5.3.2 Food and Beverages
5.3.4 Cosmetics & Toiletries
5.3.5 Other Applications
5.3.6 Y-o-Y Growth Analysis, By Application
5.3.7 Market Attractiveness Analysis, By Application
5.3.8 Market Share Analysis, By Application
5.4 Printing Technology
5.4.4 Digital Printing
5.4.5 Other Printing Technologies
5.4.6 Y-o-Y Growth Analysis, By Printing Technology
5.4.7 Market Attractiveness Analysis, By Printing Technology
5.4.8 Market Share Analysis, By Printing Technology
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Material
22.214.171.124 By Type
126.96.36.199 By Application
188.8.131.52 By Printing Technology
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Material
18.104.22.168 By Type
22.214.171.124 By Application
126.96.36.199 By Printing Technology
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Material
220.127.116.11 By Type
18.104.22.168 By Application
22.214.171.124 By Printing Technology
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Amcor Limited
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Bemis Company Inc.
8.3 Constantia Flexibles Group GmbH
8.4 Sealed Air Corporation
8.5 Huhtamäki Oyj
8.6 Coveris Holdings S.A.
8.7 Sonoco Products Company
8.8 Berry Plastics Group Inc.
8.9 Mondi Group
8.10 Reynolds Group Holdings.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures