Flexible packaging accounts for 19 percent of the overall packaging market and is expected to grow at a rate of 3.9 percent CAGR by 2023, according to the 2019 Flexible Packaging Marketing Assessment by PMMI, The Association for Packaging and Processing Technologies.

The growth is party driven by the rising demand for flexible packaging, which held the largest share in 2017.

Factors such as convenience to carry, flexibility, strong sealing strength and vacuum finish are positively influencing the four-side flat pouch market growth.

FPA's new report on sustainable packaging, "A Holistic View of the Role of Flexible Packaging in a Sustainable World," is now available. The report focuses on the industry segment that adds significant value to flexible materials, usually by performing multiple processes such as printing, laminating multiple layers and adding coatings. It focuses on the U.S. perspective, though global data is utilized to provide a broader picture.

According to a new research report by Global Market Insights Inc., the packaging materials market size is expanding at over 3 percent CAGR and will cross USD $1.3 trillion by 2024. Developments in the Asia Pacific food & beverage sector will be a major reason behind the market growth.

High flexibility, low weight and easy to carry will remain the top properties enhancing product penetration. Also an increase in consumer spending on energy drinks and prevalent health awareness trends will drive growth. Spout pouches are the fastest growing pouch, due to transportation ease, handling and ready to pour.

Consumer trends have contributed to a gradual replacement of rigid pack formats by flexible packaging during the last decade or so. Total flexible packaging sales were at $219.5 billion in 2016, with growth expected at an annual rate of 4.3% to $282.6 billion by 2022. 

The Flexible Packaging Association (FPA) has announced the winners of its 61st Annual Flexible Packaging Achievement Awards Competition. The winning entries were recognized at the FPA Welcome Dinner & Flexible Packaging Achievement Awards Ceremony held March 1st in conjunction with the 2017 FPA Annual Meeting in Boca Raton, FL.