MarketsandMarkets’ report, “Flexible Plastic Packaging Market by Packaging Type (Pouche, Rollstock, Bag, Films & Wraps), Material (Plastics, Aluminum Foils), Printing Technology (Flexography, Rotogravure, Digital Printing), Application, and Region – Global Forecast to 2029,” projects the market to reach $257.58 billion by 2029 from $207.93 billion in 2024, at a CAGR of 4.4% during the forecast period.

Flexible plastic packaging is preferred because it is lightweight, hence lowering the cost of transportation and carbon emissions, while also providing excellent barrier properties that enhance product shelf life.

The flexible plastic packaging market is experiencing significant growth due to its versatility and cost-effectiveness across various industries, including food and beverages, pharmaceuticals, and personal care.

The packaging industry has become one of the significant sectors for the last couple of decades as transformed by the innovations of modified atmosphere packaging (MAP) and vacuum packaging. These advanced technologies improve shelf life and maintain quality as they also transform the way products are packed.

Asia Pacific is estimated to be the fastest-growing region in the flexible plastic packaging market. The Asia Pacific region is one of the key consumers of flexible plastic packaging due to driving factors that include rapid urbanization, high disposable income, and a steady increase in demand for more convenience-ready food and beverages.

With increasingly busy lifestyles, there is an ever-increasing need for portable, easy-to-use packaging, which has rapidly pushed demands forward for stand-up pouches and flat pouches. The recent innovations in the region show huge commitment to sustainability and technological advancement.