The packaging industry has changed dramatically in the last decade, moving from a one-size-fits-all approach to one of flexible packaging that can be tailored to the properties of a wide range of products. As flexible packaging is the most economical and convenient packaging method to date, it comes as no surprise that store shelves and pantries all over the world are stocked with flexibly packaged products. Never before has packaging been so versatile in terms of shape, size and appearance – not to mention practical in terms of opening and reclosing features. The future of flexible packaging looks promising.
As consumers are increasingly focusing on convenience and sustainability, barrier properties that extend shelf life – such as zips and spouts – are becoming the new norm in packaging. Experts believe flexible packaging is headed for an annual growth rate of 3%, resulting in an overall market value of $210 billion by 2020. Asia is the largest market for flexible packaging today, accounting for 40% of global market volume, followed by Western Europe and North America. Flexible packaging is mostly used in the food sector, with flexible food packaging showing an annual growth rate of 4% in terms of volume over the last five years. The beverage sector and pharmaceutical sector follow close behind.
Flexible packaging is here to stay
