Sustainability Drives Growth in Europe's Flexible Plastic Packaging Market, Expected to Reach US$ 17.7 Billion by 2033 | Future Market Insights, Inc.
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Flexible plastic packaging is one of the most preferred packaging solutions across Europe. It is widely used in industries like personal care, food & beverages, pharmaceuticals, etc. This is due to its durability, customizability, lightweight, and recyclability.
Flexible packaging is excellent in terms of sustainability, with multiple advantages compared to conventional rigid packaging solutions. It is adopted to minimize the use of packaging materials, as it has an outstandingly low packaging-to-product ratio, which is 5 to 10 times lower than alternatives. It reduces the use of materials and energy throughout the supply chain, resulting in reduced environmental impact.
The European flexible packaging sector fully supports the objective of transforming Europe into a more circular and resource-efficient economy & minimizing its environmental footprint. In coordination with the European Commission, the industry has engaged in developing Product Environmental Footprint Category Rules and average Life Cycle Inventory datasets.
The sector is also committed to supporting new technologies for sorting and recycling to facilitate their implementation in waste management infrastructure across Europe. This will positively impact the growth during the assessment period.
Initiatives like the CEFLEX are being launched to improve the end-of-life performance of flexible packaging. The CEFLEX project involves the key stakeholders of the entire flexible packaging value chain to improve sorting, collection, and recycling. Therefore, such a holistic approach to sustainability, minimization of food waste, and increasing resource efficiency will drive the flexible plastic packaging business in Europe.
Key Takeaways from the Report
"Rising demand for flexible plastic packaging from industries like food & beverages, personal care, and pharmaceuticals due to its excellent features is projected to stimulate growth across Europe through 2033. Key players are expected to utilize more sustainable materials to gain profits." says Ismail Sutaria (Lead Consultant, Packaging and Materials).
Escalating Importance of Convenience, Safety, and Increased Shelf Life of Products Boosting Demand in Europe
Rising need for consumer-friendly packaging solutions is driving demand for flexible packaging. This is because of its convenience, security, safety, and flexibility compared to rigid packaging.
In European countries, demand for flexible plastic packaging is expected to rise significantly. This is due to its usage for packing ready-to-cook, freezer-to-microwave, ready-made packed meals, food-on-the-go, and processed foods. Packaging solutions like sachets, wraps, pouches, and packets ensure that the quality of the products is guaranteed while preserving their hygiene.
Flexible plastic packaging provides impactful, cost-effective methods to protect packaged products and extend their shelf-life. The rise in the demand for convenient foods is expected to play a key role in driving the growth of the flexible plastic packaging business in Europe.
European Flexible Plastic Packaging Market Overview:
Understand global, regional, and country-level parameters with growth opportunities, historical data (2018-2022), and forecasts (2023-2033). Buy this report today!
Competitive Edge in Europe's Flexible Plastic Packaging Market: Strategies that Set Leading Players Apart
The following are the prominent manufacturers of flexible plastic packaging solutions in Europe. The Tier 1 players hold a 25% to 30% share in the European flexible plastic packaging business.
Top players are focusing on using sustainable and eco-friendly materials in their products to appeal to their eco-conscious consumers. They also adopt mergers, partnerships, acquisitions, and collaborations to expand their footprint.
Recent developments:
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In its new report, Future Market Insights (FMI) offers an unbiased analysis of the European flexible plastic packaging business, analyzing historical demand from 2018 to 2022 and forecasting statistics for 2023 to 2033. The study reveals growth projections based on material (oil-based polymers and bioplastics), product (pouches, bags & sacks, tubes, sleeve labels, films & wraps), end use (consumer packaging, industrial packaging), packaging type (vacuum skin packaging, modified atmospheric packaging, and general barrier), and country.
Unveiling the Dynamics of European Flexible Plastic Packaging Market: Access Our Comprehensive Research Methodology
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competition landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
About the 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.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show - Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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