Smithers pegs 37.5 million tonne growth in global flexible packaging by 2026

The global flexible packaging market was estimated at 31.5 million tonnes in 2021, with an increase from USD 26.9 million tonnes in 2016. With a CAGR of 3.4%, the global market is forecasted to grow to USD 37.5 million tonnes in 2026.

The report provides qualitative and quantitative market forecasts by process technology, end-use and region. Also, it will do a comprehensive study by value and volume, segmenting the market by flexible material type (seven polymers, paper and foil), 18 end-use sectors, eight geographic regional markets, and 13 leading major countries.

Laying emphasis on BMC’s SUP-ban implementation in August last week, the Smithers report will examine sustainability and regulatory trends across geographical markets. Also, with the advent of smart packaging and eCommerce, the study will comprise an overview and forecast based on key drivers of economic and demographic trends.

In this report, Smithers conducted extensive primary and secondary research. Primary research consisted of targeted interviews with packaging material suppliers, converters and experts drawn from key markets.

In addition, experts offer extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.

The Future of Global Flexible Packaging to 2026 is a must-buy for materials suppliers, packaging converters, brand owners and packaging buyers, packaging and filling machinery
manufacturers, and private and public-sector, industry consultants, investors, and analysts.