Flexible Packaging Market Emerging Applications And Dynamics Report To 2030
The global flexible packaging market size is expected to reach USD 373.34 billion by 2030 , according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% from 2024 to 2030. This market growth is owing to the growing importance of increasing food shelf life and growing adoption of sustainable and cost-effective packaging by end-users. The shelf life of food products depends on factors such as storage conditions, packaging material, and exposure to microorganisms, oxygen, light, and moisture. The flexible packaging consists of plastic films with high barrier properties. The high-barrier properties efficiently block the transmission of moisture, light, and oxygen from contacting sensitive foods. Furthermore, the reseal closure products featured flexible packaging that allow users to securely close the bags or pouches, ensuring the freshness of the packaged food products over several uses. In addition, flexible packaging consum...