Berry Global Inc. (US) and Mondi (UK) are the Key Players in the Flexible Plastic Pouches Market
The global flexible plastic pouches market size is estimated at USD 53.7 billion in 2021 and is projected to reach USD 73.5 billion by 2026, at a CAGR of 6.5%, between 2021 and 2026. Flexible plastic pouches are single-use bags commonly made of plastic, metal foil, and paper. They are used for packaging everything from snack foods to industrial liquids and are commonly found on supermarket shelves across the globe. These are extensively used in food packaging because many of them are resealable, environmentally friendly, and cheaper than alternatives like glass, metal, and cardboard containers. These plays a vital role in keeping the product fresh, damage proof, and acts as an excellent marketing tool. Their widespread adoption is attributed to a lower carbon footprint than the alternative packaging materials mentioned above and take up less space in landfills.
The key players in the flexible plastic pouches market are Berry Global Inc. (US), Mondi (UK), Huhtamaki (Finland), Sealed Air Corp. (US), Sonoco Products Company (US), Smurfit Kappa (Ireland), Amcor Plc (Switzerland), Gogllio SpA (Italy), Constantia Flexibles (Austria), ProAmpac (US), and others. The flexible plastic pouches market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.
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Berry Global Inc. manufactures engineered products, nonwoven specialty materials and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials and Health, Hygiene & Specialties. It offers flexible plastic pouches under the Consumer Packaging International and Consumer Packaging North America segments. It serves the healthcare, personal care, household, hygiene, industrial and transportation, and food and beverage sectors. The company has operations in the US, Canada, Europe, and Rest of the World. It operates across 295 locations globally.
Mondi is a leading global integrated packaging and paper group. It is a leading producer of paper and plastic solutions. It operates through the following segments: Corrugated Packaging, Flexible Packaging, Engineered Materials and Uncoated Fine Paper. The company provides flexible plastic pouches under the Flexible Packaging business. Mondi won five awards at the WorldStar Packaging Awards 2020. The company serves various end-use industries such as FMCG and consumer products, e-commerce and retail, automotive, heavy-duty, food service, construction, and agriculture. The company operates through 100 production sites across more than 30 countries worldwide, with key operations located in Europe, North America, and Africa.
Related Reports:
Flexible Plastic Pouches Market by Material (PE, PP), Type (Flat Pouches, Stand-up Pouches), Application (Food, Beverage), and Region (APAC, North America, Europe, South America, and Middle East & Africa) - Global Forecasts to 2026
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