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Because of the growing food and beverage industry and rising consumer demand for processed foods and beverages, the flexible packaging market in Europe is thriving.
Additionally, the market for flexible packaging will increase as a result of innovations made in flexible packaging by major industry participants to enhance product functionality and performance.
Additionally, rising consumer demand for medications and health supplements fosters market expansion. The rapid technical advancements and breakthroughs in the agrochemicals, nutraceuticals, beverage, and alcohol industries have significantly increased the creation of new flexible packaging materials, making Europe’s flexible packaging market one of the most rapidly expanding marketplaces.
The Europe Flexible Packaging market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Companies in the EU advocate a circular economy for flexible packaging based on the ideas of resource efficiency, waste and pollution prevention, and reducing the packaging’s total environmental impact.
Each of these businesses is examining their packaging designs to find ways to use less packaging material overall, make it easier to recycle, and utilise more recycled and renewable resources.
The businesses want to boost recycling infrastructure and the use of recycled materials to make sure that packaging materials stay in the economy. A future with less waste will result from creative package designs and solutions, as well as collaboration with partners and governmental organisations to upgrade infrastructure.
Participating companies are actively urging the European Commission and national governments to implement policy changes that will encourage the circular use of packaging materials.
These changes should be standardised across all EU Member States and should include increasingly ambitious and specific recycling targets for all types of packaging materials, a ban on landfills, and a reduction of incineration to the absolute minimum.
