Flexible Packaging Market Size Is Expected To Reach USD 373.34 Billion By 2030
San Francisco, 26 May 2023: The Report Flexible Packaging Market Size, Share & Trends Analysis Report By Material (Plastic, Paper, Metal, Bioplastic), By Application (Food, Beverages, Pharmaceutical, Cosmetic), By Region, And Segment Forecasts, 2023 - 2030 The global flexible packaging market size is expected to reach USD 373.34 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.7% from 2023 to 2030. Growing consumer driven demand for packaged food and beverage products owing to its convenience and ease of consumption is expected to drive market growth. Flexible packaging products are lightweight, take less space in transportation, are cheaper to manufacture, and use less plastic, thus present more environmentally friendly profile than rigid products. Increasing emphasis on use of sustainable packaging products globally is expected to bolster the demand for flexible packaging products during the forecast