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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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Miami Startup BOB Raises $5.5M To Build An AI-Powered Banking Platform

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The Miami-based company is building the most useful small business finance agent and banking platform in the world, with participation from Codie Sanchez, Mark Pincus,  and others.

MIAMI, Oct. 23, 2026 /PRNewswire/ — BOB AI Holdings Corp. (“BOB”), the AI finance employee for small business, today announced it has raised $5.5 million in seed funding. The round was led by Mischief (founder of Plaid, Zak Perret), with funding from Peter Thiel and participation from Codie Sanchez, Mark Pincus, Karman Ventures, and a group of additional investors and operators. BOB will use the capital to expand its product, grow its team in Miami, and bring a free AI finance agent to more of the small business owners who keep the American economy running.

The seed round brings together investors who share a conviction that small businesses deserve the same caliber finance department g that large companies take for granted. Mischief led the round, and Peter Thiel joined as a backer alongside Codie Sanchez, the investor and operator known for championing Main Street business ownership.

The funding follows BOB’s private beta launch in September 2026 and will support three priorities: deepening the product’s financial capabilities, scaling customer onboarding, and growing BOB’s team in Miami.

BOB is an AI finance employee that works alongside small business owners to handle the annoying but necessary financial work that usually eats their nights and weekends. Owners talk to BOB the way they would talk to a trusted bookkeeper or CFO, over WhatsApp, text message, Slack, Microsoft Teams, email, or the BOB app. BOB keeps the books, sends invoices, accepts payments, holds funds in a deposit account, and helps owners see where their cash is headed so they can make decisions with confidence.

BOB’s long-term goal is to be the most useful banking product in the world, and a banking product specifically built for this new world of AI agents, robots, and drones. But they are getting started by building the most useful and safe financial agent for small business owners. And instead of handing owners another dashboard to learn, BOB just does the work for them and communicates in plain language.

BOB’s wedge has been particularly effective because the company is laser-focused on small business owners who have largely been underserved by the wave of financial technology built over the last five to ten years. Many of those products were designed for the general market or for enterprise finance teams, and they assume the owner has time, training, or staff to run them. BOB starts from the opposite assumption. The owner of a roofing company, a restaurant, or a local services firm should be able to get real financial help without hiring a department to get it.

“Small business owners have been an afterthought for most of the financial technology built over the last decade,” said Adam Wininger, CEO of BOB. “They are running the business, doing the work, and then staying up late trying to make sense of their books. We built BOB to take that work off their plate entirely. Our goal is simple: to be the most useful banking platform in the world, and this funding lets us put our free CFO agent, BOB, in the hands of many more owners.”

“We invest in infrastructure that becomes indispensable, and a financial layer for autonomous agents is one of the clearest examples we’ve seen,” said Dustin Moring, General Partner at Mischief. “BOB is attacking an immense market at the exact moment AI is moving from advising on transactions to executing them. We’re proud to lead this round and back Adam and the team as they build the foundation agent banking will run on.”

About BOB

BOB AI Holdings Corp. is a Miami-based company building BOB, the AI finance employee and banking platform for small business. BOB handles bookkeeping, invoicing, payments, and cash flow for small business owners through the channels they already use, including WhatsApp, text message, Slack, and Microsoft Teams. BOB’s mission is to build the world’s most useful banking product in the world. Learn more at joinbob.ai. Disclaimer: BOB AI Holdings Corp is a financial technology company, not a bank.

Media contact

Joel Strauss – joel@strausscomms.com 

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SOURCE BOB AI Holdings Corp

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Union Home Mortgage unveils AI and automation advancements during 2026 Annual Partner Celebration

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The mortgage lender continues to make major technology investments going into 2027

STRONGSVILLE, Ohio, Oct. 23, 2026 /PRNewswire/ — Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class culture, recently unveiled an array of AI and automation-driven technological achievements during the company’s 2026 Annual Partner Celebration held Oct. 16-17 in Cleveland, Ohio. This world-class event brought over 850 UHM employees, known internally as Partners, together to highlight the lender’s year-to-date business results, set goals to multiply business success, and foster connection between colleagues. Most notably, technology took center stage, highlighting advancements made in 2026 and a sneak peek at what is coming next.

Attendees were given an inside look at the next phase of technology shaping the business, with demonstrations of both newly implemented tools and future-focused prototypes. These innovations, ranging from conversational voice agents for enhanced customer support to the elimination of tedious manual document review, showcased the transformative potential of technology and underscored the lender’s ongoing investment in smarter, more efficient workflows.

“What makes this event so meaningful is the chance to celebrate our Partners and the impact they have on our business and culture,” said Bill Cosgrove, CEO of Union Home Mortgage. “By creating opportunities for open dialogue and idea-sharing, we’re able to strengthen our culture and identify new ways to move our business forward. As we look ahead to 2027, we remain focused on our 3X initiative, empowering our Partners with the resources, technology, and support they need to achieve more while continuing to deliver a world-class experience for our borrowers. Technology will be the key to UHM’s future, and I can’t wait to see what new solutions are developed in time for our next Annual Partner Celebration.”

While this year’s Annual Partner Celebration was heavily focused on technology, the event also featured senior leadership across all departments and business channels taking the stage to share updates on critical areas such as sales performance, servicing, benefits, employee recognition, and more. UHM Partners also took part in a panel discussion and Q&A with CEO Bill Cosgrove and Sr. Vice President of Business Development Al Blank. In addition to those attending in-person, the rest of the mortgage lender’s 2,300 Partners streamed the event virtually across the country. Following the event, attendees were invited to attend a celebratory carnival featuring casino-style games, a golf simulator, Family Feud, a custom t-shirt press, and more – earning raffle tickets to win high-value prizes. The lender also raffled off tickets to the MLB American League Championship Series being played at Progressive Field, as Union Home Mortgage is the Official Mortgage Partner of both teams that played in the series – the Tampa Bay Rays and the Cleveland Guardians.

Throughout the week, Partners also attended individualized leadership summits specific to their department or role within the company, as well as a Hard Stops Summit aimed at examining existing hard stops in the loan process to streamline operational efficiency.

Internal loan officer coaching program Partners Coaching Partners (PCP), which pairs each participating loan officer with a high-performing mentor and an accountability partner at their production level, also held their Fall PCP Impact event on October 14-15. The group aims to equip members with the skills and knowledge to increase productivity, generate leads, finetune the origination process, improve teambuilding, and increase profit margins. Next year, the PCP program will celebrate its twentieth consecutive PCP Impact event, cementing its status as a pillar of Partner development at UHM.

About Union Home Mortgage
Union Home Mortgage Corp. (UHM) is a high-growth, full-service retail, wholesale, and consumer direct independent mortgage banking company with branches across the U.S. in 49 states + D.C. UHM is an in-house loan servicer offering world-class customer service through high touch communication & technology. A privately held family business, with a collaborative culture that stands out in the mortgage industry, UHM Partners (employees) are guided by a Code of Conduct that emphasizes respect, open communication, and accountability. All these principles translate to industry-leading customer retention and satisfaction. Some honors include being a Six-Year USA TODAY Top Workplace and a Twelve-Year Northeast Ohio Top Workplace. Learn more at www.uhm.com.

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SOURCE Union Home Mortgage

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Pew Funds 4 Biomedical Research Partnerships in Latin America

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Scientists will team up on interdisciplinary explorations

WASHINGTON, Oct. 23, 2026 /PRNewswire/ — The Pew Charitable Trusts announced today that four pairs of researchers from Latin America will receive funding to pursue collaborative biomedical research projects.

These eight esteemed scientists, all independent investigators in Latin America, will team up on interdisciplinary explorations that span plant biology, genetics, immunology, and more. Recipients will receive a combined $180,000 per pair—$90,000 annually over two years.

The Partnership Award was created to help advance scientific collaboration and networking among the biomedical research community in Latin America. Recipients include four alumni of Pew’s Latin American Fellows Program in the Biomedical Sciences, which has funded nearly 350 scientists from across the region since 1991. The Partnership awards were made possible by a grant from Biohub.

“Pew is proud to support these exceptional scientists from Argentina, Brazil, and Chile,” said Donna Frisby-Greenwood, Pew’s senior vice president for Philadelphia and scientific advancement. “Their creative ideas and pioneering approaches will undoubtedly lead to important discoveries that advance biomedical research across Latin America and the world.”

Recipients of this year’s Partnership Award are:

Luis F. Larrondo, Ph.D., Pontificia Universidad Católica de Chile, 2004 Pew Latin American Fellow

Gerardo Cárcamo-Oyarce, Ph.D., Pontificia Universidad Católica de Chile

Larrondo and Cárcamo-Oyarce will establish a new, light-based platform for studying the formation of biofilms by the bacterium Pseudomonas aeruginosa.

Priscilla Olsen, Ph.D., Universidade Federal do Rio de Janeiro (UFRJ), 2016 Pew Latin American Fellow

Beatriz Patricio, Ph.D., Universidade Federal do Estado do Rio de Janeiro (UNIRIO)

Olsen and Patricio will develop and test a new strategy to overcome antimicrobial drug resistance.

Paulo José P. L. Teixeira, Ph.D., Universidade de São Paulo, Escola Superior de Agricultura Luiz de Queiroz, 2013 Pew Latin American Fellow

Antonio Camargo, Ph.D., Universidade de São Paulo

Teixeira and Camargo will examine plant immune receptor specificity.

Marcelo Yanovsky, Ph.D., Fundación Instituto Leloir – CONICET, 2000 Pew Latin American Fellow

Esteban Beckwith, Ph.D., Instituto de Investigación en Biomedicina de Buenos Aires – CONICET – Partner Institute of the Max Plank Society

Yanovsky and Beckwith will study how organisms regulate gene expression in response to environmental stress.

Founded in 1948, The Pew Charitable Trusts uses data to make a difference. Pew addresses the challenges of a changing world by illuminating issues, creating common ground, and advancing ambitious projects that lead to tangible progress. Learn more at pew.org.

Press contact: Liz Lowe, 215-575-4812, elowe@pewtrusts.org

https://www.pew.org/en/about/news-room/press-releases-and-statements/2026/10/22/pew-funds-4-biomedical-research-partnerships-in-latin-america

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SOURCE The Pew Charitable Trusts

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