Global flexible packaging market to reach $320.57 billion by 2031

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2▲2 ▼1Impact / 5
Summary · why it matters

The global flexible packaging market is projected to grow from an estimated $242 billion in 2025 to $320.57 billion by 2031, at a compound annual growth rate of 4.8 percent, according to a new report from ResearchAndMarkets.com. The bags and sacks segment currently leads with a 43 percent market share, while flexible paper is expected to grow at a CAGR of 4.73 percent. The Asia-Pacific region holds a 38 percent market share, driven by packaged food demand and e-commerce growth. Key industry developments include Amcor's merger with Berry Global in April 2025 and TOPPAN's $1.8 billion acquisition of Sonoco's Thermoformed & Flexibles Packaging business. Sustainability trends and shelf-life extension demands are driving adoption, though raw material price volatility remains a restraint.

Impact on assets 3

Materials± Mixed
Amcor PLC
AMCR
▲ PositiveCompetitionrelevance

Amcor's merger with Berry Global strengthens its market position in a growing industry.

Sonoco Products Company
SON
▼ NegativeCapitalrelevance

Sonoco sold its thermoforming and flexible packaging business to TOPPAN, reducing its scale in the sector.

Semiconductors▲
TOPPAN Holdings Inc.
7911
▲ PositiveCapitalrelevance

TOPPAN acquired Sonoco's thermoforming and flexible packaging business for $1.8 billion, expanding its footprint.