Europe Flexible Packaging Market Size & Outlook, 2023-2030
Europe flexible packaging market, 2018-2030 (US$M)
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Europe flexible packaging market highlights
- The Europe flexible packaging market generated a revenue of USD 55,872.8 million in 2023.
- The market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Bioplastics is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 55,872.8 million |
| Market revenue in 2030 | USD 71,867.1 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, Europe region accounted for 20.6% of the global flexible packaging market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 153,216.8 million by 2030.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe flexible packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexible packaging market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 69% in 2023. Horizon Databook has segmented the Europe flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is expected to witness a high demand for flexible plastic packaging solutions owing to the high growth of the healthcare and food & beverage, and personal care industries. The European market is characterized by both international and domestic players. The prominent players operating in the market have their manufacturing facilities, notably in countries such as the UK, Germany, and Italy.
The region has an industry association, Flexible Packaging Europe (FPE), dedicated to the development of the flexible packaging market in Europe. This association represents more than 85 small, mediumsized companies, and multinational manufacturers accounting for 90% of the European sales of flexible packaging.
Furthermore, policies of the European Commission to promote flexible packaging are expected to present a positive market growth scenario over the forecast period. In November 2022, European Commission introduced a new rule to promote reusable packaging, limit over-packaging and provide clear labels to support correct recycling.
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Our clientele includes a mix of flexible packaging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe flexible packaging market , including forecasts for subscribers. This continent databook contains high-level insights into Europe flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe flexible packaging market size, by country, 2018-2030 (US$M)
Europe Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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