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Flexible Packaging Market size is set to grow by USD 51.6 billion from 2024-2028, Rise in demand for pouch packaging solutions boost the market, Technavio

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NEW YORK, July 4, 2024 /PRNewswire/ — The global flexible packaging market size is estimated to grow by USD 51.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.97% during the forecast period. Rise in demand for pouch packaging solutions is driving market growth, with a trend towards advanced recycling technologies for recycling flexible packaging waste. However, government regulations on packaging poses a challenge. Key market players include Amcor Plc, American Packaging Corp., Behr Bircher Cellpack BBC AG, Berry Global Inc., Bischof Klein SE and Co. KG, Bryce Corp., CCL Industries Inc., Constantia Flexibles Group GmbH, Glenroy Inc., Huhtamaki Oyj, Mondi Plc, Novolex, Printpack Inc., ProAmpac Holdings Inc., Sealed Air Corp., Sonoco Products Co., Transcontinental Inc., UFlex Ltd., WestRock Co., and Wipak Group.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Flexible Packaging Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.97%

Market growth 2024-2028

USD 51.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.28

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 49%

Key countries

China, US, UK, Germany, and Japan

Key companies profiled

Amcor Plc, American Packaging Corp., Behr Bircher Cellpack BBC AG, Berry Global Inc., Bischof Klein SE and Co. KG, Bryce Corp., CCL Industries Inc., Constantia Flexibles Group GmbH, Glenroy Inc., Huhtamaki Oyj, Mondi Plc, Novolex, Printpack Inc., ProAmpac Holdings Inc., Sealed Air Corp., Sonoco Products Co., Transcontinental Inc., UFlex Ltd., WestRock Co., and Wipak Group

Market Driver

The flexible packaging market is experiencing significant growth due to the rising demand for lightweight, convenient, and economical packaging solutions in the food and beverage industry. Flexible packaging, which is primarily made up of plastics and aluminum foil, offers numerous benefits such as extended shelf life, reduced material usage, and improved product protection. However, the non-recyclable nature of plastic materials poses a challenge to the market’s growth. To address this issue, key players in the flexible packaging industry and raw material suppliers are introducing eco-friendly plastic film solutions and implementing various recycling programs. For instance, MRFF (Materials Recovery for the Future), a collaborative platform of stakeholders including Amcor, Sealed Air, Procter and Gamble, APR, PepsiCo, FPA, and Target, among others, aims to provide effective and economical solutions for recycling and recovering plastic materials throughout the lifecycle of the plastic film. Additionally, initiatives like Waste & Resource Action Program (WRAP), Plastics Industry Recycling Action Plan (PIRAP), and Material Recovery Facility (MRF) are also contributing to the recycling efforts. Moreover, advanced recycling technologies such as plasma technology, which uses less energy than conventional recycling methods, are being adopted by companies like Alcoa, Tetra Pak, Klabin, and TSL Ambiental, to separate paper, aluminum, and plastic components used in packaging. The growing adoption of such technologies will foster the growth of the global flexible packaging market for food and beverages during the forecast period. 

The flexible packaging market is witnessing significant growth, driven by the increasing popularity of pouches, bags, sachets, and wraps. Raw materials like metal, plastic, and paper are key inputs. Brands are focusing on reducing carbon footprint, aligning with the Paris Agreement, and addressing hygiene awareness. Smart packaging, including formats and designs, is a trend, with inventory management, product tracking, and intelligent storage solutions gaining traction. Stand-up pouches, printing technology like flexography, and applications in personal care, healthcare, and food industries are major growth areas. Sustainable packaging, using bioplastics, films, and wraps, is essential for reducing carbon emissions and food wastage. The market’s production volume is projected to reach millions of tonnes, with lightweight packaging solutions extending product shelf life and ensuring product protection in various sectors, including pharmaceuticals and cosmetics. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The food and beverage industry relies heavily on packaging to prevent contamination and food spoilage. However, the choice of packaging materials and their grades is crucial in this context. With increasing environmental concerns, regulations against non-biodegradable packaging materials like plastic have been imposed by various governments. For instance, the European Commission restricted the use of Bisphenol A in certain food-contact materials, setting specific migration limits. India also has regulations in place, such as the Food Safety and Standards Regulations, which specify standards for containers made from plastic and other materials used in contact with food. As governments worldwide ban plastic packaging, vendors are turning to alternative, eco-friendly solutions. This shift may pose challenges to the flexible packaging market’s growth during the forecast period.The flexible packaging market faces several challenges in today’s business landscape. Oceans and landfills are filled with plastic waste from packaging, threatening marine life and ecosystems. Kraft paper mills and e-commerce sectors drive demand for flexible packaging, but sustainability concerns persist. Baked goods, snack foods, and confectionery items require convenience and resealability, leading to increased use of films, blister packaging, and retort pouches. Gulf states’ growing populations and health awareness trends boost demand for frozen bakery food and ready-to-eat packaged foods. Industrialization and busy lifestyles fuel the need for robust pharmaceutical packaging using laminated plastic, aluminum, and thermal sterilization. Coating and converting technologies offer solutions to address these challenges while catering to sectors like vegetables, meats, and processed food. Health-conscious consumers demand eco-friendly alternatives, making it crucial for companies to innovate and adapt to meet these evolving needs.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This flexible packaging market report extensively covers market segmentation by

Material 1.1 Flexible plastic1.2 Flexible paper1.3 Flexible foilProduct 2.1 Pouches2.2 Bags2.3 Films and wraps2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Flexible plastic- The flexible packaging market is experiencing steady growth due to its numerous benefits, including lightweight, cost-effective, and protective properties. This market caters to various industries, such as food, beverages, pharmaceuticals, and consumer goods. Key players in this industry focus on innovation and sustainability, offering eco-friendly solutions and advanced packaging technologies. The market’s future looks promising with increasing demand for convenient and portable packaging options.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

Flexible packaging is a dynamic industry that offers various solutions in the form of pouches, bags, sachets, roll stocks, wraps, and films for diverse product categories, including food and beverage and personal care. These packaging types provide excellent product protection, ease of transportation, and convenience. Flexible metal packaging and rigid metal packaging also have their unique advantages. The use of flexible packaging contributes to reducing carbon emissions and energy consumption compared to traditional packaging methods. The personal care sector is a significant consumer of flexible packaging, particularly in the form of sachets. Bioplastic, a sustainable alternative to traditional plastics, is gaining popularity in this market. Food shelf life and product wastage are crucial factors driving the demand for flexible packaging. Films and wraps help maintain the freshness of food and beverages, reducing wastage. Eco-friendly solutions, such as biodegradable and compostable packaging, are also gaining traction. Polyethylene is a commonly used material in flexible packaging due to its versatility and cost-effectiveness. However, other materials like polypropylene, polyvinyl chloride, and polystyrene are also used depending on the specific application requirements. Overall, the flexible packaging market continues to evolve, offering innovative and sustainable solutions for various industries.

Market Research Overview

Flexible packaging is a dynamic and innovative industry that offers various solutions in the form of pouches, bags, sachets, roll stocks, wraps, and more, for diverse sectors including personal care, food and beverage, healthcare, and cosmetics. The raw materials used in flexible packaging include metal, plastic, and paper, with assumptions about future trends leaning towards eco-friendly solutions and sustainable packaging. Brands are increasingly focusing on reducing their carbon footprint and adhering to the Paris Agreement by using lightweight packaging solutions and bioplastics. Hygiene awareness and smart packaging are key trends, with formats and designs incorporating inventory management, product tracking, and intelligent storage. The personal care sector, including healthcare products and cosmetic items, is a significant market for flexible packaging, with formats ranging from stand-up pouches to films and wraps. The production volume for flexible packaging is projected to reach millions of tonnes, with a focus on reducing carbon emissions and energy consumption. Flexible metal packaging and rigid metal packaging have their unique applications, with flexible metal packaging offering advantages in terms of product protection and ease of transportation. The food industry, including baked goods, snack foods, and beverages, is a major consumer of flexible packaging due to its convenience, resealability, and ability to extend product shelf life, thereby reducing food wastage. Eco-friendly solutions, such as natural colors and recycling, are becoming increasingly important considerations in the industry, with environmental concerns surrounding plastic contamination, marine life, and ecosystems driving the need for sustainable practices. Kraft paper mills and the e-commerce sector are also significant markets for flexible packaging.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

MaterialFlexible PlasticFlexible PaperFlexible FoilProductPouchesBagsFilms And WrapsOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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LiftLab Launches PlatformSense: Delivers Real-Time Intelligence That Makes MMMs React Today, Not Next Quarter

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Marketing mix models now respond to what’s happening today, not three months ago.

OAKLAND, Calif., June 18, 2026 /PRNewswire/ — LiftLab, the Full-Funnel MMM and Incrementality Testing platform, announced PlatformSense: a real-time intelligence layer connecting LiftLab’s Agile MMM to live ad platform data for daily updates to channel effectiveness.

With LiftLab’s PlatformSense, Marketing Mix Models now respond to what’s happening today, not three months ago.

Most MMMs rely on historical data to identify effective channels and investment levels. While this is grounded in statistical rigor, it cannot capture real-time changes: a creative losing effectiveness mid-campaign, a competitor eroding auction position, or a seasonal demand shift moving faster than expected.

Marketing teams rely on two separate sources: platform dashboards, which provide speed but lack verifiability, and MMMs, which are credible but slow. As a result, decisions are often instinct-driven. This gap can lead to significant financial loss. Effective spend scales slowly, while inefficient spend persists. According to industry research, 60% of marketing budgets are lost to planning and execution inefficiencies, making every misallocated dollar more consequential.

“MMMs implicitly assume that all impressions are created equal. Most marketers instinctively know this is wrong, so they often override MMM recommendations. PlatformSense changes this by incorporating real-time signals allowing marketers to discern impression quality as it actually varies. This is not just an improvement — it solves a fundamental problem plaguing econometric measurement for decades,” said John Wallace, CEO, LiftLab.

PlatformSense addresses this gap by connecting LiftLab’s MMM to live platform data — click-through rates, conversion rates, and verified spend signals — delivering daily channel effectiveness updates. The long-term model remains grounded in historical data for reliability, and the daily intelligence layer surfaces current insights. The two work together: stable response curves and live performance signals.

The result is sharper, faster decision-making. When a new creative outperforms, PlatformSense detects it within 24 hours, not after the next quarter model refresh. If a channel becomes inefficient, budget recommendations adjust before overspend accumulates. During seasonal peaks and campaign optimization windows, the model reflects current performance, not historical averages. 

PlatformSense is out of beta and available to enterprise omnichannel brands, D2C/eCommerce brands, and next-generation CPGs. To learn more or schedule a demo, visit https://liftlab.com.

About LiftLab

LiftLab is the Full-Funnel MMM and Incrementality Testing platform trusted by category leaders like SKIMS, Pandora, Birkenstock, and Cinemark. LiftLab enables brands to maximize the value of every media dollar by lowering CAC, improving ROAS, and building long-term brand equity on the P&L.

View original content:https://www.prnewswire.com/news-releases/liftlab-launches-platformsense-delivers-real-time-intelligence-that-makes-mmms-react-today-not-next-quarter-302804548.html

SOURCE LiftLab

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S3 Recycling Solutions expands to 34,000-square-foot facility

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The new California space triples the size of existing location.

FULLERTON, Calif., Jun 18, 2026 /PRNewswire/ — S3 Recycling Solutions, a nationally recognized IT asset disposition (ITAD) company serving clients across North America, announced the expansion of its California operations with the relocation to a new 34,000-square-foot facility at 2350 Artesia Ave in Fullerton. The move triples the company’s existing California footprint and supports increasing demand across the Western United States.

The company expects to complete the transition to the new facility within 60 days.

“This expansion represents a strategic investment in infrastructure, people, and systems to support long-term growth and increasing client demand across the West Coast,” said Rod McDaniel, CEO of S3 Recycling Solutions.

S3 encourages organizations looking for a secure, transparent, and scalable ITAD partner to schedule a pickup today.

The California expansion coincides with several major milestones for S3, including:

the 10-year anniversary of Rod McDaniel’s leadership.the two-year anniversary of S3’s acquisition of iGlobal Asset Management.the 2025 acquisition of assets of ERS in Gallatin, Tenn.S3’s implementation of an enterprise resource planning platform, Makor ERP 2.0. The system unifies operations into a single platform, enabling real-time visibility, improved processing speed, serialized chain-of-custody tracking, and enhanced reporting capabilities for clients while increasing operational efficiency.

The new Fullerton facility will operate as a full-service processing location aligned with S3’s Tennessee operations and is expected to significantly increase processing capacity, improve turnaround times, and support continued client growth throughout healthcare, enterprise, and technology sectors.

S3 plans to pursue R2v3 certification at the new Fullerton facility, with a target completion date in Q2 2027. S3’s Tennessee facility currently maintains R2v3 certification, as well as ISO 9001, ISO 14001, and ISO 45001 certifications, which support quality management systems, environmental responsibility, and employee health and safety standards across the organization.

In 2025, S3 processed more than 500,000 devices across its operations in Tennessee and California. In 2026, S3 is projected to achieve more than 3,000 percent revenue growth since 2016, a benchmark that has been accomplished through acquisitions, operational standardization, technology investments, and enterprise client expansion across North America.

About S3 – S3 is a full-service ITAD firm that helps businesses responsibly and securely manage their electronic and biomed assets. S3 customers reduce the cost of ownership of their assets while receiving the industry’s highest safety and security standards. For more information, visit www.s3rs.com

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SOURCE S3 Recycling Solutions

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Capital, Policy, Corporates, Connectivity: New Guide Maps the Four Strengths Powering Singapore’s Climate-Tech Ecosystem

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New Venture Climate Alliance guide details how Singapore anchors climate technology commercialization across Southeast Asia — a practical resource for companies, investors, and ecosystem stakeholders, produced through the philanthropic HSBC-supported Innovation Scaling Initiative

SAN FRANCISCO, June 18, 2026 /PRNewswire/ — Today the Venture Climate Alliance (VCA) has launched the Singapore Climate Technology Ecosystem Guide, a practical resource designed to help climate technology companies, investors, and ecosystem stakeholders navigate one of the world’s most important growth markets for climate innovation and regional expansion.

Developed through VCA’s Innovation Scaling Initiative and supported by HSBC, the guide provides insights into Singapore’s climate technology ecosystem, including the capital stack, policy and regulatory frameworks, corporate landscape, and pathways for expansion across Southeast Asia.

As climate technologies move beyond innovation toward commercial deployment, founders and investors increasingly face questions about where to establish regional operations, access customers, attract capital, and scale solutions. The guide aims to address these questions by providing practical intelligence on Singapore’s role as a platform for climate technology commercialization and regional growth.

The research draws on more than 200 publicly available sources, interviews, and insights from ecosystem leaders across government, investment, corporate, and startup communities.

“HSBC is proud to support the Venture Climate Alliance’s practical guide for climate tech start-ups and investors entering the Singapore market and beyond. Too often progress is slowed by market complexity—policy nuance, fragmented demand, partnership dependencies, access to capital and perceived and actual risk —rather than technology. This report turns ecosystem insight into actionable guidance to reduce friction and help innovators scale from pilots to deployment.”

Kiran Sura, Global Head of Sustainability Partnerships, HSBC

“Climate technology is at an inflection point; the solutions exist but scaling them into new markets remains one of the sector’s greatest challenges. Southeast Asia is a standout global growth opportunity combining urgent need, rising demand, and an increasingly sophisticated capital ecosystem. Singapore sits at the heart of this, offering the stability, connectivity, and financial infrastructure innovators need to move from validation to large-scale deployment. Guides like this help turn ecosystem complexity into actionable insight, helping founders and investors to make faster, better-informed decisions about where and how to grow.”

Thomas Miles, Senior Manager, Sustainable Finance & Transition, Climate Tech, HSBC

“Across the ecosystem, we heard a common challenge: companies don’t just need capital. They need the partners, policy support, corporate demand, and regional connections that must come together for a solution to scale. Singapore’s strength lies in how it brings these elements together within a highly connected ecosystem. This guide was developed to help founders, investors, and ecosystem stakeholders better understand that landscape and identify practical pathways for commercialization and regional expansion across Southeast Asia.”

Kate Costaris, Venture Climate Alliance

The guide identifies four key strengths that position Singapore at the center of climate technology commercialization across Southeast Asia:

Access to capital through a deep ecosystem of venture capital, growth investors, institutional capital, blended finance vehicles, and government-supported funding programs. Singapore accounts for over half of ASEAN’s green, social, sustainability, and sustainability-linked bond and loan issuance.A coordinated policy environment that provides regulatory clarity and long-term support for climate innovation and deploymentDense corporate networks that create opportunities for pilot projects, commercial partnerships, and customer acquisitionStrategic regional connectivity that enables companies to coordinate growth and deployment across Southeast Asia

The release marks the first in a planned series of Innovation Scaling Initiative market guides exploring key growth climate technology markets globally.

The full guide is available here: https://ventureclimatealliance.org/resources/singapore-guide

About Venture Climate Alliance

The Venture Climate Alliance (VCA) is a global non-profit network of leading venture capital firms that provides general partners and portfolio companies with practical tools, market intelligence, support, and connections to help identify opportunities arising from the transition to a low-carbon economy and navigate climate-related risks. Founded by VCs for VCs, the VCA membership represents more than US$60 billion in assets under management. The VCA helps its members shape best practices, address ecosystem-wide challenges, and embed commercially relevant, climate-aligned strategies within portfolios from day one.

About the Innovation Scaling Initiative

The Innovation Scaling Initiative (ISI) is a two-year program designed to accelerate the commercialization and deployment of climate technologies. Philanthropically sponsored by HSBC and delivered by Venture Climate Alliance in close collaboration with its members, ecosystem partners, and Node, the initiative works to address critical scaling barriers facing climate technology companies through research, ecosystem engagement, market intelligence, and strategic convening.

About HSBC

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of US$3,306bn at 31 March 2026, HSBC is one of the world’s largest banking and financial services organisations.

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SOURCE Venture Climate Alliance (VCA)

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