Russia Flexible Plastic Packaging Market Size (2024 - 2029)

Russia Flexible Plastic Packaging Market Analysis

The Russia Flexible Plastic Packaging Market size in terms of shipment volume is expected to grow from 0.74 Million tonnes in 2024 to 1.01 Million tonnes by 2029, at a CAGR of 6.42% during the forecast period (2024-2029).

Consumers increasingly favor plastic packaging over other options due to its lightweight nature and ease of handling. Major manufacturers echo this presumption, drawn by plastic solutions' cost-efficiency.

• The advent of polymers such as polyethylene has notably broadened plastic's reach. Moreover, a growing population of working women, known for their substantial spending power and hectic schedules, is further fueling the demand for packaged foods.
• Responding to the hectic pace of modern life, Russian consumers gravitate toward products that offer ease of use and convenience. In response, manufacturers are reshaping their packaging, making it more ergonomic, compact, and travel-friendly.
• Russia has significantly increased its possibility of producing plastics in the last five years. The sector had logged 62% growth from its size five years earlier. These products are used in various industries such as food, beverage, manufacturing, etc. All such factors drive the growth of flexible plastic packaging in the country.
• There is an increase in the demand for retail applications for product packaging. Individuals ordered daily staples and fresh food online, increasing the demand for flexible packaging. The Russian government informed food industry players to ramp up production to avoid shortages and maintain uninterrupted supply.
• Moreover, various international companies have stopped operating in the country. For instance, Berry Global has a facility in Yekaterinburg, central Russia, that produces packaging products for essential products, and the company is no longer providing capital for new projects in Russia. Few other global manufacturers of packaging goods have exited the market. This shift poses challenges for consumers, manufacturers, and suppliers alike.

Russia Flexible Plastic Packaging Industry Segmentation

The study on the Russian flexible plastic packaging market tracks demands in terms of revenue for flexible plastic packaging by material. It tracks the market size for the respective end-user types. The estimates for the Russian flexible plastic packaging market include all the costs associated with flexible plastic packaging manufacturing, starting from raw material procurement till it reaches the end-use industries. The estimates exclude the cost of the content that is or is to be packed inside the flexible plastic packaging. The scope of the flexible plastic packaging market is limited to B2B demand. Market numbers have been arrived at using bottom-up and top-down approaches for segmentation, and volume has also been considered.

The Russia Flexible Plastic Packaging Market Report is Segmented by Material (Polyethene [PE], Bi-Oriented Polypropylene [BOPP], Cast Polypropylene [CPP], Polyvinyl Chloride [PVC], Ethylene Vinyl Alcohol [EVOH], and Other Material Types [Polycarbonate, PHA, PLA, Acrylic, and ABS]), Product Type (Pouches, Bags, Films and Wraps, and Other Product Types), End-User Industry (Food [Frozen Food, Dry Food, Meat, Poultry, and Sea Food, Candy & Confectionery, Pet Food, Dairy Products, Fresh Produce and Other Food (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)], Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End User Industry [Automotive, Chemical, Agriculture ]).The report offers market sizes and forecasts in volume (tonnes) for all the above segments.