A bottom and side gusseted package comprises a package body, a pair of inwardly extending side gussets, and a bottom gusset positioned transversely of a longitudinal axis of the package body. Formation of the gusseted package is effected by positioning individual sleeves transversely of the longitudinal axis of a flexible web which forms the package body. During package formation, the inwardly extending side gussets are formed, and the flexible web is cut to form individual packages, such that each individual sleeve forms a bottom gusset in a respective one of the gusseted packages.