North America Flexible Packaging Market Growth, Trends, Share, Size, Revenue and Future Outlook
North America Flexible Packaging Market Size- By Product Type, By Raw Material, By Printing Technology, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: PACK2411 | Pages: 1 - 153 | Formats*: |
| Category : Packaging | |||
North America Flexible Packaging Market Introduction and Overview
According to SPER Market Research, the North America Flexible Packaging Market is estimated to reach USD 64.39 billion by 2033 with a CAGR 3.36%.
The report includes an in-depth analysis of the North America Flexible Packaging Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "flexible packaging" describes packaging composed of materials that are easily yielding, flexible, and moldable into a variety of shapes. Its composition of premium film, paper, and aluminum foils enables it to offer a variety of protective features. It may also be made in a range of forms, including bags, lines, and pouches, and it works well with any kind of packaging. Flexible packaging is used to protect goods from damage, dust, filth, leakage, pilferage, evaporation, and water in a variety of industries, including food and beverage, pharmaceutical, cosmetic, and automotive.
- December 2022: To support its goal of having 30% recycled material throughout its portfolio by 2030, Amcor PLC, a global leader in the development and production of packaging solutions, has announced a five-year partnership with ExxonMobil to purchase certified-circular polyethylene material.
- In October 2022, Berry Global announced a collaboration with Printpack, a manufacturer and film converter. By utilizing its distinct advantages in film production and conversion, Berry Global aims to develop packaging solutions that meet growing consumer demands for environmentally friendly packaging.
Market Opportunities and Challenges
Opportunities: The United States has seen a tremendous development in flexible packaging over the previous two decades, attributed in part to technological innovation, concerns about sustainability, and appealing economics. Customers' perceptions of and interactions with packaging are evolving. Innovative, more environmentally friendly flexible packaging is taking the place of conventional rigid packaging solutions as sustainability becomes a more pressing concern. Flexible packaging is predicted to become more popular as a practical and affordable alternative due to the rising demand for customer-friendly packaging and increased product protection. Furthermore, the demand for ready-to-eat foods has increased due to the shifting lifestyles of American consumers. Food that is ready to eat is needed more than ever. With the younger generation seeking convenience and the working-age population putting in long hours, ready-to-eat foods have become the ideal option.
Challenges: The market for flexible packaging must overcome a number of enormous challenges as it manages the complexity of contemporary consumer demands and environmental concerns. A primary obstacle is the issue of sustainability. Manufacturers are under increasing pressure to create packaging solutions that reduce environmental effect across the whole lifespan of their products—from production and transportation to disposal or recycling—as customers and regulatory authorities value eco-friendly products more and more. A major challenge continues to be striking a balance between sustainability and the practical needs of packaging, such as strength and barrier qualities.
Market Competitive Landscape
The flexible packaging market is moderately consolidated. Several large companies, including Tetra Pak International SA, Berry Global Inc., Amcor PLC, Winpak Limited, Sealed Air Corporation, and Constantia Flexible, have a presence in the fragmented North American flexible packaging market. By means of strategic activities including collaborations, capacity development, mergers and acquisitions, and product innovation, the market participants are focusing on broadening their reach.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Raw Material, By Printing Technology, By Application |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region |
| Companies Covered | Amcor PLC, Mondi PLC, Transcontinental Inc., American Packaging Corporation, Sit Group SpA, Toppan Printing Co. Ltd, Printpack Inc., Sigma Plastics Group Inc., Novolex Holdings Inc., Berry Global Inc., and others. |
COVID-19 Impact on North America Flexible Packaging Market
Since the worldwide lockdown brought the packaging supply chain to a near complete stop, COVID-19 had a major short-term impact on the market. Still, the sector was predicted to recover given the surge in internet buying. Global supply chain vulnerabilities were made public by COVID-19, which caused a number of disruptions, including the removal of grocery bags and flexible packaging drop-off collections from certain businesses. Also impacted was the packaging environment as a whole by the conflict between Russia and Ukraine.
Key Target Audience:
- Food and Beverage Industry
- Pharmaceutical Industry
- Personal Care and Cosmetics Industry
- Healthcare Industry
- Consumer Goods Industry
Our in-depth analysis of the North America Flexible Packaging Market includes the following segments:
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| By Raw Material: |
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| By Printing Technology: |
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| By Application: |
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Key Topics Covered in the Report:
- North America Flexible Packaging Market Size (FY’2024-FY’2033)
- Overview of North America Flexible Packaging Market
- Segmentation of North America Flexible Packaging Market By Product Type (Printed Rollstock, Preformed Bags and Pouches, Others)
- Segmentation of North America Flexible Packaging Market By Raw Material (Plastic, Paper, Others)
- Segmentation of North America Flexible Packaging Market By Printing Technology (Flexography, Rotogravure, Digital, Others)
- Segmentation of North America Flexible Packaging Market By Application (Food and Beverages, Pharmaceuticals, Cosmetics, Others)
- Expansion Analysis of North America Flexible Packaging Market
- Problems and Obstacles in North America Flexible Packaging Market
- Competitive Landscape in the North America Flexible Packaging Market
- Impact of COVID-19 and Demonetization on North America Flexible Packaging Market
- Details on Current Investment in North America Flexible Packaging Market
- Competitive Analysis of North America Flexible Packaging Market
- Prominent Players in the North America Flexible Packaging Market
- SWOT Analysis of North America Flexible Packaging Market
- North America Flexible Packaging Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Flexible Packaging Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Flexible Packaging Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Flexible Packaging Market
7. North America Flexible Packaging Market, By Product Type (USD Million) 2020-2033
7.1. North America Flexible Packaging Market Size, Share and Forecast, By Product Type, 2020-20267.2. North America Flexible Packaging Market Size, Share and Forecast, By Product Type, 2027-20337.3. Printed Rollstock7.4. Preformed Bags and Pouches7.5. Others
8. North America Flexible Packaging Market, By Raw Material (USD Million) 2020-2033
8.1. North America Flexible Packaging Market Size, Share and Forecast, By Raw Material, 2020-20268.2. North America Flexible Packaging Market Size, Share and Forecast, By Raw Material, 2027-20338.3. Plastic8.4. Paper8.5. Others
9. North America Flexible Packaging Market, By Printing Technology (USD Million) 2020-2033
9.1. North America Flexible Packaging Market Size, Share and Forecast, By Printing Technology, 2020-20269.2. North America Flexible Packaging Market Size, Share and Forecast, By Printing Technology, 2027-20339.3. Flexography9.4. Rotogravure9.5. Digital9.6. Others
10. North America Flexible Packaging Market, By Application (USD Million) 2020-2033
10.1. North America Flexible Packaging Market Size, Share and Forecast, By Application, 2020-202610.2. North America Flexible Packaging Market Size, Share and Forecast, By Application, 2027-203310.3. Food and Beverages10.4. Pharmaceuticals10.5. Cosmetics10.6. Others
11. North America Flexible Packaging Market Forecast, 2020-2033 (USD Million)
11.1. North America Flexible Packaging Market Size and Market Share
12. North America Flexible Packaging Market, By Region, 2020-2033 (USD Million)
12.1. North America Flexible Packaging Market Size and Market Share By Region (2020-2026)12.2. North America Flexible Packaging Market Size and Market Share By Region (2027-2033)12.3. Eastern Region12.4. Northern Region12.5. Eastern Region12.6. Western Region
13. Company Profile
13.1. Amcor PLC13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Mondi PLC13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Transcontinental Inc.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. American Packaging Corporation13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Sit Group SpA13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Toppan Printing Co. Ltd13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Printpack Inc.13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Sigma Plastics Group Inc.13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Novolex Holdings Inc.13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Berry Global Inc.13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Others
14. Conclusion
15. Reference Links
16. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Flexible Packaging Market is projected to reach USD 64.39 billion by 2033, growing at a CAGR of 3.36% during the forecast period.
North America Flexible Packaging Market grew in market size from 2023. The Market is expected to reach USD 64.39 billion by 2033, at a CAGR of 3.36% during the forecast period.
North America Flexible Packaging Market India Tofu Products Market CAGR of 3.36% during the forecast period.
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North America Flexible Packaging Market size is USD 64.39 billion from 2024 to 2033.
North America Flexible Packaging Market segment is Covered By Product Type, By Raw Material, By Printing Technology, By Application.
The North America region is anticipated to have the highest market share in the North America Flexible Packaging Market .
Amcor PLC, Mondi PLC, Transcontinental Inc., American Packaging Corporation, Sit Group SpA, Toppan Printing Co. Ltd, Printpack Inc., Sigma Plastics Group Inc., Novolex Holdings Inc., Berry Global Inc., and others.
Flexible packaging is predicted to become more popular as a practical and affordable alternative due to the rising demand for customer-friendly packaging and increased product protection.
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