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Flexible Packaging procurement - The Evolving Landscape

The trajectory of the flexible packaging sector is poised for steady growth, projected to achieve a Compound Annual Growth Rate (CAGR) of 4.7% from 2023 to 2030.

Flexible Packaging procurement - The Evolving Landscape
DC Velocity Staff
By DC Velocity StaffFeb 22, 2024
DC Velocity Staff
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Surprising statistics reveal that a significant majority, ranging from 60% to 65%, of pharmaceutical enterprises opt for complete outsourcing of their packaging needs, citing its intricate nature as the primary reason for this decision, entrusting the task to third-party contractors.


The allure of flexible packaging lies in its eco-friendly attributes, requiring minimal water and energy during production and transportation while emitting only negligible amounts of greenhouse gases. Recent data as of May 2023 indicates that the top exporters of flexible packaging materials were India, Vietnam, and China, boasting 159,062 shipments, 4,424 shipments, and 1,207 shipments, respectively, underscoring their dominance in this global market.


Order your copy of the Flexible Packaging category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis


The trajectory of the flexible packaging sector is poised for steady growth, projected to achieve a Compound Annual Growth Rate (CAGR) of 4.7% from 2023 to 2030. This ascent is predominantly fueled by the burgeoning demand witnessed within the pharmaceutical and food and beverage domains. In 2022, the Asia Pacific region emerged as the frontrunner, commanding over 38% of the category share, underlining its pivotal role in this market segment. Flexible packaging offers a multitude of benefits, notably a reduction in packaging materials, with a packaging ratio significantly lower than its counterparts. Renowned for their versatility, lightweight construction, and minimal environmental footprint, these solutions are gaining traction across various industries, especially among food businesses striving for sustainable packaging alternatives. The advent of sustainable plant-based packaging solutions stands as a prominent trend within this domain.


Recent advancements have enabled the utilization of polyethylene resin and plant-derived paper in crafting flexible packaging, exemplified by TricorBraun Flex's innovative introduction of Biotre 3.0, a fully biodegradable, plant-based packaging material, in 2021. Recognizing consumer dissatisfaction with conventional packaging solutions, as evidenced by a 2022 survey conducted by the Paper and Packaging Board wherein 72% of respondents expressed discontent influencing their purchasing decisions, e-commerce platforms are increasingly adopting flexible packaging to enhance consumer satisfaction and bolster sustainability efforts.


Flexible Packaging Sourcing Intelligence Highlights



  • The global flexible packaging category features a fragmented landscape with the presence of several international and regional players. By providing a variety of unique shapes and general conveniences that are appropriate for a variety of purposes, pouch manufacturers are literally and figuratively going the extra mile to meet the needs of consumers.

  • The major cost components associated with the production of flexible packaging are raw materials, energy, printing-converting-packaging processes, equipment, types of products chosen for production, and labor.

  • More than 60% - 65% of pharmaceutical companies fully outsource their packaging requirements due to its complexity to a third-party contractor. Outsourcing enables a company to obtain a partner who can take care of a variety of regulatory and quick launch requirements, including international regulatory requirements for multi-market launches.

  • The most preferred countries for sourcing this category’s materials and films are India, China, Vietnam, Turkey, and Germany. As of May 2023, India is the world's leading exporter of flexible packaging material, shipping the majority of its products to the UK, the U.S., and South Africa. 


List of Key Suppliers



  • Bemis Company, Inc.

  • Amcor plc

  • Mondi plc

  • Huhtamaki Oyj

  • SEE (Sealed Air Corporation)

  • Constantia Flexibles International GmbH

  • Sonoco Products Company

  • Ukrplastic Corporation

  • Ampac Holdings LLC

  • Wipak Walothen Gmbh (Wipak Group)

  • SIG Group

  • Aluflexpack AG


Learn why you need procurement intelligence in flexible packaging now? how to engage your suppliers? and why managing pricing and cost could be a game-changer in the long run?

https://www.grandviewresearch.com/pipeline/flexible-packaging-procurement-intelligence-report/request/rs1
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