Flexible packaging increased to 114 billion US dollars into the darling of the food packaging industry. As the largest consumer of flexible packaging in China in 2015, the market consumption reached 6.07 million tons. Asia is the largest consumer area, accounting for 40% of the global total. From 2015 to 2020, flexible packaging consumption will grow at an average annual 6.6%. India and China have seen the fastest growth in soft pack consumption, with an average annual growth rate of 9.4% and 6.9% for both countries.

 

This year nearly 75% of the world's flexible packaging products for food packaging, including meat, fish and poultry is the largest amount of food, candy and bakery followed. From 2010 to 2015, the consumption of food flexible packaging grew at an average annual rate of 4.0%. The growth of consumption of beverages and pharmaceuticals followed. Flexible packaging has been one of the fastest-growing categories of packaging in the last 10 years. According to Smithers Pier Institute estimates that this year the global demand for flexible packaging market of 210 billion US dollars, consumption of 26.2 million tons, the market value of 91.7 billion US dollars. It is estimated that in the next 5 years, the demand for the flexible packaging market will increase to 240 billion U.S. dollars at an average annual rate of 3%. The consumption will increase to 31.7 million tons at an average annual rate of 3.8%. The market value will be increased at an average annual growth rate of 4.4% To 114 billion U.S. dollars.