The global converted flexible packaging market is set to grow from USD 284.16 billion in 2025 to USD 381.13 billion by 2034, with a CAGR of 3.33%. This growth is driven by the growing focus on sustainability and the rising demand for convenient and portable packaging options.
Converted Flexible Packaging Market Key Players
Latest Announcement by the Industry Leader
- In October 2024, Sabic, Lamb Weston, and Opackgroup announced a collaboration to develop sustainable packaging. Sabic has joined forces with major global brand owner and producer of frozen potato products, Lamb Weston, and flexible packaging producer Opackgroup, in a closed-loop process designed to create low-weight sustainable packaging bags made with a thin coextrusion film structure.
Recent Developments
- In August 2023, Toppan, Mitsui Chemicals Tohcello, and Mitsui Chemicals announced the launch of pilot testing this month for horizontally recycling printed BOPP film back into new flexible packaging film. Through this joint pilot testing initiative, the three companies aim to establish technologies and operational infrastructure for the horizontal recycling of flexible packaging materials, as well as leverage network growth in the flexible packaging materials industry to advance and expand the horizontal recycling of flexible packaging film.
- In March 2025, Nextek and Coveris partnered to transform the mechanical recycling of flexible films with the COtooClean process. The partnership aims to convert post-consumer polyolefin (PE and PP) packaging waste into high-quality food-grade recycled resins and films. Both companies develop a demonstration plant in the UK to collect the data needed to meet regulatory requirements.
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