What Is Flexible Packaging?
According to the Flexible Packaging Association, “flexible packaging is any package or any part of a package whose shape can be readily changed.” Some of the most common examples of flexible packaging include bags, pouches, shrink films, tubes, sleeves and carded packaging.
The Flexible Packaging Industry has been leading the way in packaging innovation since the early 1950s, and is at the forefront of important packaging trends in product protection, packaging design and performance, consumer convenience, and sustainability. The attributes of flexible packages positively impact the environment, consumers and businesses.
Because it combines some of the most beneficial qualities of plastic,film,paper and aluminum foil, flexible packaging offers a broad range of protective properties while minimizing materials and costs. Given these advantages, it continues to be one of the fastest growing segments of the packaging industry.
The global flexible packaging market was valued at $68.5 billion in 2021, and is projected to reach $102.8 billion by 2031, growing at a CAGR of 4.2% from 2021 to 2031.
