North America Flexible Packaging Market – Growth & Forecast (2024

North America Flexible Packaging Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Flexible packaging can be manufactured in an extensive variety of innovative forms, dimensions, and appearances, and can comprise mechanisms including holders and opening and reclosing types include zips and stand up pouches. It reduces waste to landfill by preserving and protecting products until they are consumed, and it is defined as the economic technique of primary packaging, food & beverages, household consumables, preserving and dispensing, medicines and some other products for which the extended shelf life is essential. Flexible packages have no shape of their own, and it can change shape readily and requires the minimal amount of materials to manufacture. The structure may be of paper, plastic film, foil or any combination of these. Packaging is done to achieve aspects including product safety, extended product storage, maintain the quality of product and for other specific applications. Types of packaging are metal, plastic, fibre, paper, and others.

North America Flexible Packaging Market Segments Size & Growth:

North America Flexible Packaging Market size is anticipated to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. The major factors that propel the growth of the North America Flexible Packaging Market are rising demand from end users, new innovative products, longer shelf life and changing the lifestyle of people and improving global manufacturing activities are the key factors that are driving the market growth. However, stringent rules and regulations and concerns about the environment and recycling are the main factor that is hindering the growth

North America Flexible Packaging Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

of the market. On the other hand, growth in demand for sustainable packaging solutions, substitution of traditional packaging, emerging markets, and modern technologies are the opportunities that drive the market growth during the forecast period.

North America Flexible Packaging Market Segments Share:

North America Flexible Packaging Market is segmented by material which further consists of aluminium foil, plastics, bioplastics, paper and others. Plastics are further subdivided into polyethene, polypropylene, polyvinyl chloride, polyethene terephthalate and others. By the end user, the market is categorised into healthcare, food & beverage, household care, retail, personal care, manufacturing, agriculture, and others. Among these segments, food & beverage segment have the largest market share owing to the steady decline in the poverty rates, coupled with growing middle-class population and packaged food products have recorded high growth rates owing to the growing need for convenience and changing the lifestyle of the people across the globe. By Geography, U.S is anticipated to contribute the largest share in the market owing to the consumer lifestyle trends are demanding convenience and portability of products, especially in the food sector.

North America Flexible Packaging Market Trends:

Novolex announced that it would acquire certain assets and business operations of Shields Bag and Printing Co., a leading manufacturer of custom engineered flexible packaging products.
Wipak Group has just acquired 4 Comexi S1 DT slitters, which joints the rest of Comexi’s slitters and laminators that the firm has already installed at its several productive plants all around the world.
Berry Plastics Corporation’s custom films business offered the most diverse range of cast and blown polyethene-based

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North America Flexible Packaging Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

packaging films to fit all of your business needs.

Cool Touch is one of Amcor’s specialised, high-performance materials for industrial applications. The 3D ornamental formable aluminium sheeting applied to injection moulded plastic is designed to deliver the luxury look and appearance of real metal, with the design freedom of thinner materials for decorative applications.

Bemis Company, Inc. recently launched Calypso, an innovation platform for improved foil lidding.

North America Flexible Packaging Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the North America Flexible Packaging Market are:

Amcor Limited
Berry Plastics Corporation
Mondi Group
Sealed Air Corporation
Sonoco Products Company

Along with these companies, there were many other companies considered/cited in the report while analysing the North America Flexible Packaging Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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