North America Flexible Packaging Market Size To Worth USD 70.11 Billion By 2033 | CAGR of 4.1%
Category: Chemicals & MaterialsNorth America Flexible Packaging Market Size To Worth USD 70.11 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the North America Flexible Packaging Market Size is to Grow from USD 49.57 Billion in 2023 to USD 70.11 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.1% during the projected period.
Get more details on this report -
Browse key industry insights spread across 180 pages with 110 Market data tables and figures & charts from the report on the "North America Flexible Packaging Market Size, Share, and COVID-19 Impact Analysis, By Material (Plastics, Paper, Metal, and Bioplastics), By Application (Food, Beverages, Pharmaceutical & Healthcare, Personal Care & Cosmetics, and Others), and North America Flexible Packaging Market Insights, Industry Trend, Forecasts to 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/north-america-flexible-packaging-market
Materials that are easily yielding and flexible enough to be molded into a variety of shapes make up flexible packaging. It is made of premium paper, film, and aluminum foils to offer a variety of protective qualities. It can be used with any kind of packaging and comes in a range of shapes, such as bags, lines, and pouches. Many industries, including food and beverage, pharmaceutical, cosmetic, and automotive, employ flexible packaging to shield their contents from water, evaporation, dust, filth, leaks, theft, and damage. The flexible packaging industry in North America is expanding at the moment due to several factors. The region's demand has been driven by consumer preference for flexible packaging and advancements in packaging technologies. It also reduces product waste and maintains the safety and health of food, making it an affordable solution to storage problems. Reliability, safety, reusability, transparency, and customization are other drivers propelling industry expansion. However, because it loses quality when exposed to high temperatures and pressures, it is less resilient than rigid packaging.
The plastics segment is anticipated to hold the largest share of the North America flexible packaging market during the projected timeframe.
Based on the material, the North America flexible packaging market is divided into plastics, paper, metal, and bioplastics. Among these, the plastics segment is anticipated to hold the largest share of the North America flexible packaging market during the projected timeframe. Owing to plastic can take on a broad variety of shapes and forms, it is frequently employed in the food and beverage industry, which is a major benefit in this sector.
The food segment is anticipated to dominate the North America flexible packaging market during the projected timeframe.
Based on the application, the North America flexible packaging market is classified into food, beverages, pharmaceutical & healthcare, personal care & cosmetics, and others. Among these, the food segment is anticipated to dominate the North America flexible packaging market during the projected timeframe. The market demand for flexible packaging is anticipated to rise as a result of manufacturers being forced to expand their production capacity due to the growing demand for packaged foods, including cake mixes, frozen dinners, snack foods, and ready-to-eat meals.
Major vendors in the North America flexible packaging market include Amcor PLC, Mondi PLC, Transcontinental Inc., American Packaging Corporation, Printpack Inc., Sigma Plastics Group Inc., Novolex Holdings Inc., Berry Global Inc., Sealed Air Corp., PPC Flexible Packaging LLC, Constantia Flexibles, ProAmpac LLC, Emmerson Packaging, Charter Next Generation Inc., and Others.
Recent Developments
- In February 2024, Hinton Pulp Mill in Alberta, Canada, will be purchased by Mondi PLC for USD 5 million. West Fraser Timber Company Ltd. is the owner and operator of Hinton Pulp Mill, which is situated in Hinton, Alberta. Approximately 250,000 tons of pulp can be produced annually by the mill.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America flexible packaging market based on the below-mentioned segments:
North America Flexible Packaging Market, By Materials
- Plastics
- Paper
- Metal
- Bioplastics
North America Flexible Packaging Market, By Application
- Food
- Beverages
- Pharmaceutical & Healthcare
- Personal Care & Cosmetics
- Others
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm that provides actionable market research study, quantitative forecasting, and trends analysis provides forward-looking insight especially designed for decision-makers and aids ROI.
Which caters to different industries such as financial sectors, industrial sectors, government organizations, universities, non-profits, and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?