Spain Flexible Plastic Packaging Market Size & Share Analysis - Growth Trend & Forecasts (2024 - 2029)

Spain Flexible Plastic Packaging Market Analysis

The Spain Flexible Plastic Packaging Market size in terms of shipment volume is expected to grow from 0.25 Million tonnes in 2024 to 0.31 Million tonnes by 2029, at a CAGR of 4.40% during the forecast period (2024-2029).

The Spanish flexible plastic packaging market has witnessed substantial growth in recent years, propelled by rising consumer demand, technological advancements, and a booming e-commerce landscape. With expanding end-user sectors and heightened foreign investments, Spain's packaging industry is on an upward trajectory.

• The flexible packaging industry in Spain is considered a crucial sector for economic activities. According to a recent report from Fira de Barcelona's Hispacktrade show, over 3000 companies in Spain specialize in packaging, with the majority being small and medium-sized enterprises (SMEs). These companies employ more than 110,000 individuals and account for 5.16% of jobs in the industrial sector.
• Spain's packaging industry is propelled by the growth of end-consumer sectors and a surge in foreign investments. Noteworthy opportunities stem from the rising need for pharmaceutical packaging and a shift toward sustainable materials. Spain boasts notable prowess in the food and pharmaceutical realms, with these sectors serving as the cornerstone for local contract packaging and pivotal clients for packaging firms.
• Furthermore, according to the National Statistics Institute (INE), Spain's retail sales continued the upward trend in 2023. Retail sales increased by 3.1% in December 2023 year over year and maintained an upward trajectory since December 2022. Spain is an emerging EU (European Union) country where the packaging industry has witnessed significant growth over the past few years. The development of food and beverage manufacturing and the expansion of the e-commerce sector are substantial drivers for this growth.
• According to the Flexible Packaging Association, with Spain's improving macroeconomic landscape, companies in the packaged food sector are pivoting from larger, cost-effective pack sizes to smaller, more refined formats that promise higher profit margins. With a rising demographic of consumers aged over 40, producers are pivoting their strategies. They are turning to vintage designs and introducing convenient formats, like plastic pouches, to cater to this group's needs.
• Environmental concerns and stringent government regulations are posing challenges in the market, particularly evident in Spain. The Life-Terra Foundation reported that Spain is gearing up to prohibit the sale of plastic-wrapped fruit and vegetables in supermarkets and grocery stores. Furthermore, Spain implemented a new tax on non-reusable plastic packaging on January 1, 2023. This tax is often called the "Spanish Plastic Tax" or simply "Plastic Tax." Projections suggest that this tax will contribute around EUR 724 million annually to the Spanish government. In addition, there is an extra levy on waste incineration and landfill disposal. This move is designed to steer consumers toward purchasing unpackaged produce.

Spain Flexible Plastic Packaging Market Trends

Rising Demand Owing to Tourism and Need for Convenient Packaging

Spain Flexible Plastic Packaging Industry Segmentation

The study on the Spanish flexible plastic packaging market tracks demands in terms of volume for flexible plastic packaging by material and tracks the market size for respective end-user types. The estimates for the Spanish flexible plastic packaging market include all the costs associated with flexible plastic packaging manufacturing, from raw material procurement to 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 both bottom-up and top-down approaches for segmentation, and volume has also been taken into consideration.

The Spain 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.