CAGR: 5%Current Market Size: USD 3.5 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global flexible bottle market is expected to grow from USD 3.5 billion in 2022 to USD 5.1 billion thousand by 2030, at a CAGR of 5% during the Projection period 2023-2030. The growth of flexible bottle market is mainly driven owing to the increasing health issues.
The flexible bottle is more sustainable since it requires fewer resources, energy, and water during production and takes up less room in landfills after disposal. The demand for flexible bottles is also anticipated to increase during the Projection period as more application sectors choose sustainable packaging solutions due to regulatory restrictions. Due to the considerable presence of major businesses in the application industry, the U.S. is a very important market for flexible bottles. The flexible bottle is frequently used for packaging food goods, such as smoothies, snacks, dairy, and others. The demand for products is anticipated to increase over the Projection period due to improvements in food processing methods and shifting customer lifestyles. Growing consumer preference for convenience products, rising usages of the product as a substitute for rigid packaging materials, and expanding growth of the cosmetics industry globally are some of the major and significant facts that is rising the market growth. Furthermore, Rising packaged food demand, changing consumer preferences due to busy lifestyles and smaller household units, increasing usage of the product as a substitute for rigid packaging materials, and growing inclination of consumers towards convenience products are some of the major and significant facts.
Sample Request: - Global Flexible Bottle Market
Market Dynamics:
Drivers:
The demand for packaging solutions that are sustainable, less harmful to the environment, and have a low carbon footprint has increased as consumers have grown more informed. The need for an environmentally friendly flexible bottle that doesn’t contribute to waste accumulation is growing. The market expansion for flexible bottles is anticipated to be fueled by this unfavorable impression of plastic bottles.
Restraints:
In 2020, the U.K. government wants to impose a levy on plastic packaging that contains less than 30% recycled material. By 2029, the EU hopes to have collected 90% of its target. Things were different in the past when nations like the Philippines and China voluntarily allowed other nations to submit rubbish for disposal. However, as the market for garbage disposal contracts, governments must now discover fresh strategies for the disposal of plastic. India's plastic bottle manufacturers are seriously questioning whether PET bottles would be regarded as single-use plastic.
Opportunities:
The flexible bottles that are currently available on the market use a thin resin coating inside to support the liquid and prevent moisture interaction. Additionally, the present bottles are not entirely composed of LDPE, HDPE, and other materials; the lids are either made of plastic or metal. Innovation in the flexible bottle business will speed up and lead to the production of 100% flexible bottles as consumer demand, governmental regulations, and the number of market participants rises.
Challenges:
Long-term, bioplastics may bring competition to the flexible bottles market. Typically, corn, lactic acid, and vegetable oil are used to make bioplastics. The paper has less of an influence on bioplastics, though. Paper uses more energy, and materials, and produces more pollution during production than bioplastics do. In the later stages of the Projection period, when manufacturers find a means to utilize recycled content and recycling sorting facilities (MRFs) have the capacity to accept and sort bio-plastics, bioplastics are expected to enter the picture.
Segmentation Analysis:
The global flexible bottle market has been segmented based on material type, capacity, and region.
By Material Type
The material type segment is LDPE, HDPE, PP, PVC, and others. The LDPE segment led the largest share of the flexible bottle market with a market share of around 30% in 2022. Due to its flexibility, barrier qualities, superior impact strength, and stress crack resistance, low-density polyethylene (LDPE) is a high-clarity and chemically inert polymer that is frequently utilized. It is one of the more affordable polymers that are accessible. Due to the fact that it is a high-branched polymer, it does not have the same density, hardness, stiffness, or strength as HDPE, which could seem to be drawback. However, this is precisely what makes the material more ductile, which is a crucial characteristic.
By Capacity
The capacity segment is 500-750 ml, 250-500 ml, 750-1000 ml, and 1 ltr & above. 1 ltr & above led the largest share of the flexible bottle market with a market share of around 40% in 2022. As flexible bottles are used for packing drinks and beverages, capacity is an important factor to consider. So 1 ltr & above is the most used capacity.
Global Flexible Bottle Market- Sales Analysis.
The sale of flexible bottle market expanded at a CAGR of 3.80% from 2016 to 2022.
There has been a major change in packaging and product manufacture during the past few years. To improve customer convenience, a new kind of beverage packaging has been launched. Flexible bottles are used to store water and can be carried by folding when they are empty. As a result of their adaptability, the flexible bottles market is currently expanding and is anticipated to increase significantly over the next years. The flexible bottles' ability to be frozen for ice-cold water and their portability are further advantages. These bottles are BPA-free and heat-resistant to boiling water. The flexible bottles market is being positively impacted by these two aspects.
It is anticipated that factors such as rising health concerns, environmental awareness, a lack of well-developed open water infrastructure, and consumer desire for practical bottled water will fuel the growth of the global flexible bottle market in terms of revenue and volume. Since there have been a few product launches in the flexible bottle water market, bottled water manufacturers are developing new products with convenience and medicinal benefits. The lifestyle and convenience changes that have been made in emerging economies have significantly increased the market's potential for growth. Additionally, it was noted that one of the major forces behind the flexible bottle market's explosive rise is the rising per capita disposable income of emerging nations worldwide.
Thus, owing to the aforementioned factors, the global flexible bottle market is expected to grow at a CAGR of 5% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the flexible bottle market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the flexible bottle market and held a 40% share of the market revenue in 2022.
Global Flexible Bottle Market- Country Analysis:
Germany's flexible bottle market size was valued at USD 0.021 billion in 2022 and is expected to reach USD 0.024 billion by 2030, at a CAGR of 2% from 2023 to 2030. Companies are working with producers of flexible bottles to create products that are entirely free of plastic. Companies like Avantium are collaborating with producers of flexible bottles to create sustainable polymers for the interior of flexible bottles. The BillerudKorsnäs AB and ALPLA-Werke Alwin Lehner GmbH & Co KG joint venture brought about changes in the market. More of these partnerships may be seen in Puplex Limited's partnership with Pepsico and Unilever to create a product that is entirely made from pulp that is supplied sustainably.
China’s flexible bottle market size was valued at USD 0.048 billion in 2022 and is expected to reach USD 0.06 billion by 2030, at a CAGR of 4% from 2023 to 2030. Due to the expanding organized retail and e-commerce sectors, easy access to raw materials, and other factors, countries in the Asia Pacific region, particularly China, are anticipated to present prospective growth possibilities for market players. Growing consumer expenditure in China is anticipated to increase demand for flexible bottles, which would in turn propel market expansion.
India's flexible bottle market size was valued at USD 0.030 billion in 2022 and is expected to reach USD 0.038 billion by 2030, at a CAGR of 3% from 2023 to 2030. Due to the demand for small-sized packs because they are more convenient and affordable, as well as the rising consumption of bottled beverages. More than 46% of Indians are willing to pay more for flexible bottles that stores beverages due to their environmental profile, according to the Flexible Packaging Association.
Key Industry Players Analysis:
To increase their market position in the global flexible bottle market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
5% |
Market Size |
3.5 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Material Type, By Capacity, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Vapur, Inc., Hydrapak LLC, inov-8, M&H Plastics, Salomon SAS, Ultimate Direction, Inc., Qimei Packaging Co., Ltd., 4MO Plastic Co., Ltd. (Zhuhai), Reshine Imp. & Exp. Co., Ltd., T&T Plastic Hardware (Zhuhai) Co., Ltd., Lingxu International Trade Co., Ltd., and LPS Industries. |
By Material Type |
|
By Capacity |
|
Regional scope |
|
Scope of the Report
Global Flexible Bottle Market By Material Type:
Global Flexible Bottle Market By Capacity:
Global Flexible Bottle Market By Region:
Global flexible bottle market size is USD 3.5 billion in 2022
North America region dominated the flexible bottle market and held a 40% share of the market revenue in 2022
Global flexible bottle market is expected to reach USD 5.1 billion by 2030.
The flexible bottle market is projected to have a CAGR of 5%.
Significant change in the lifestyle and convenience of emerging economies has triggered the growth potential for the flexible bottle market.
Leading market players active in the global flexible bottle market are Vapur, Inc., Hydrapak LLC, inov-8, Salomon SAS, Ultimate Direction, Inc., Lingxu International Trade Co., Ltd., Qimei Packaging Co., Ltd., T&T Plastic Hardware (Zhuhai) Co., Ltd., 4MO Plastic Co., Ltd. (Zhuhai), Reshine Imp. & Exp. Co., Ltd., etc. among other
Political Factors- The business for Diagnostic Electrocardiograph is impacted by a variety of political variables in various nations. Due to political stability, a multinational corporation finds it simple to run its operations in several countries. Governments all across the world, for instance, have formally identified healthcare as one of the key pillars of the COVID-19-affected economic recovery. There have been numerous new government initiatives in the field of healthcare equipment. These policy changes have a significant effect on a multinational company. This business manufactures vaccines and acceptable medicines. Government incentives and subsidies for medical care, health insurance and Mediclaim, levies on essential medical equipment, price caps on stents, and other policies indirectly impact business. It is crucial to seize opportunities and expand the company by laws and regulations.
Economic Factors- The sale of essential cardiovacsular medications can be impacted by economic factors such inflation, recession, income, and foreign currency rates. Because of the increased attention that people are paying to their health and hygiene as a result of serveral healh issues. Diagnostic electrocardiograph technique has meet consumer needs for necessary diagnostic for cardivascular diseases. As import and export tariffs, trade restrictions on medications, exchange rates, hazards, etc. determine the selling price for diagnostic electrocardiograph machines in various regions, these factors have a significant impact on this market.
Social Factors- The established norms and culture of society have an impact on diagnostic elcetrocardiograph income. Age, gender, income, region, level of education, and other demographic factors all have an impact on how to adjust methods. Other significant social aspects that must be taken into account include the way of life and socioeconomic class. Even the growing consumer mindset in favour of high-quality healthcare has a negative impact on the diagnostic elctrocardiograph market. It is crucial for this market to raise awareness of its importance using effective marketing techniques.
Technological Factors- Due to its continual technological innovation in the healthcare sector, diagnostic electrocardiograph has a competitive advantage. The diagnostic elcetrocardiograph market expand due to the medical research and development. This business is able to access and investigate the advantages of connectivity and the extensive patient data that these technologies may offer thanks to IOT. Additionally, it is adding cutting-edge technology to its research and development pipeline to support the delivery of game-changing new treatments and vaccines for patients.
Environmental Factors- The environment is a priority for diagnostic electrocardiograph market to making money. Through a variety of corporate practises, it strives to lessen pollution and carbon footprint. It is also utilising digitalization and lowering emissions to make its processes more efficient. Due to its favourable environmental effect, diagnostic cardiogrpah enjoys a competitive advantage over many other businesses in its sector. Nowadays, consumer behaviour is shifting in favour of sustainability while taking resource scarcity into consideration.
Legal Factors- For diagnostic elcetrocardiograph, the legal aspects of domestic and foreign markets are crucial. It is vital to follow all laws relating to consumer protection, health and safety, safe working conditions, intellectual property rights, and patents, among others. When selling any medication or substance in a nation, careful adherence to the laws established by the government is required. Additionally, if a particular kind of medicine is prohibited in a nation, it should not be sold there. In order to prevent the sales from being hampered, it is crucial to offer legal alternatives and answers.
Rise in Product Use
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