Five trends shaping the flexible packaging market

This latest White Paper from Smithers Pira provides a comprehensive overview of the five key trends shaping the flexible packaging market.

Flexible packaging is established as a major part of the packaging industry, while at the  same time playing host to innovations and  dynamic developments. Flexible packaging  remains one of the fastest-growing areas in  packaging: according to Smithers Pira data,  global consumption is forecast to grow 3.5% annually over the next five years, reaching  $231 billion (€203.7 billion) by 2018.  Innovation will be fundamental to its  continued growth.

Increasingly popular across a variety of consumer products, flexible packaging can be generally defined as any package, or part of a package which has no shape of its own and for which the shape can be readily changed.

The wide scope for flexible packaging applications means this is affected by a number of market drivers. This white paper outlines five of the key factors that will determine the nature of future growth of flexible packaging across a number of markets.

The five key trends for the flexible packaging industry are defined in this white paper as:

  • Biopackaging
  • Barrier films
  • Pouches
  • Printing and design
  • Smart packaging