Flexible Packaging Market Size Worth $373.3 Billion By 2030
Flexible Packaging Industry Overview The global flexible packaging market size is expected to reach USD 373.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.5% from 2022 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 Market Segmentation Grand View Research has segmented the global flexible packaging market on the basis of raw material, application, and region: Based on the Application Insights, the market is segmented into Food & Beverages, Pharmaceutical, Cosmetics, Others. The food and beverages segment dominated the market and accounted for the largest revenue share of 56.0% in 2021.Significant use of the product for the packaging of food and beverages due to their sustainability, lightweight, cost-effectiveness, and non-fragile nature contributes to...