Philippines Flexible Packaging Market Size & Outlook
Philippines flexible packaging market, 2018-2030 (US$M)
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Philippines flexible packaging market highlights
- The Philippines flexible packaging market generated a revenue of USD 1,327.9 million in 2023 and is expected to reach USD 1,961.2 million by 2030.
- The Philippines market is expected to grow at a CAGR of 5.7% 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.
Flexible packaging market data book summary
| Market revenue in 2023 | USD 1,327.9 million |
| Market revenue in 2030 | USD 1,961.2 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Philippines accounted for 0.5% of the global flexible packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 33,251.1 million by 2030.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Philippines 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 69.41% in 2023. Horizon Databook has segmented the Philippines flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
The country is witnessing strong demand for healthy food products due to an increasingly diet-conscious consumer base. Several food companies offer protein-based and healthy diet food products to meet this growing consumer demand. These companies are widely adopting flexible packaging solutions for their products to provide convenience to their consumers.
For instance, on March 29, 2023, Ayam Sarl, a food company, launched Yumeat, a plant-based protein diet food. This product is packed in flexible pouches that do not require refrigeration, offering convenience to consumers. Such product launches are expected to propel the demand for flexible packaging in the country over the forecast period.
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Target buyers of Philippines flexible packaging market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Philippines flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into Philippines flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Philippines flexible packaging market size, by raw material, 2018-2030 (US$M)
Philippines Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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