Soft Packaging Market Report 2023-2031
The global flexible packaging market is projected to reach 102.8 billion USD by 2031.
The global flexible packaging market is poised for significant growth in the coming years, driven by various factors and increasing consumer demand. According to recent market research, the global flexible packaging market revenue recorded $68.5 billion in 2021 and is expected to reach $102.8 billion by 2031, with a compound annual growth rate (CAGR) of 4.2% from 2022 to 2031. Several factors contribute to the growth of the global flexible packaging market. Key drivers include increased demand from emerging countries, expansion in the pharmaceutical sector, the need to replace traditional packaging, and a growing preference for packaged goods. Additionally, the rising consumer demand for environmentally friendly packaging and the trend towards smaller package sizes are also supporting market growth. However, challenges remain regarding plastic packaging waste management and recycling infrastructure. Recycling plastic packaging requires advanced infrastructure and skilled labor, which poses obstacles to market expansion. Overcoming these challenges is crucial to maintaining the growth trajectory of the global flexible packaging market.
- Company：Panorama Data Insights Ltd.
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