The Shift from Traditional Materials to Flexible Packaging
Consumer trends have contributed to a gradual replacement of rigid pack formats by flexible packaging during the last decade or so. This trend is outlined in Smithers Pira’s new report, “The Future of Flexible Packaging to 2022,” which values total flexible packaging sales at $219.5 billion in 2016, with growth expected at an annual rate of 4.3% to $282.6 billion by 2022.
Smithers Pira analysis examines what is driving market growth and why brand owners are switching from traditional packaging materials—like glass jars and metal cans—to flexible packaging types.