5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The market is segmented by Packaging Material (Plastic, Paper, Aluminum), By Product Type (Pouches, Bags, Wraps), By End-User Industry (Food, Beverage, Pharmaceutical), and Country.
Fastest Growing Market:
The North America Flexible Packaging market was valued at USD 38.6 billion in 2019 and is expected to reach USD 51.2 billion by 2025, at a CAGR of 3.16% over the forecast period 2020 - 2025. Owing to the aforementioned exceptional benefits, companies are rigorously investing in flexible packaging technology. For instance, in July 2018, PPC Flexible Packaging, an Illinois-based consumer packaging company invested over USD 2 million in upgrading its equipment and facilities, which is expected to positively impact the United States market.
Flexible packaging is one of the most prominent packaging technique used by major vendors across a diverse range of end-user verticals, owing to its superior quality, such as ascended shelf life. Moreover, it is the most economical packaging method to distribute, and preserve food, pharmaceutical products, and other consumables.
|By Packaging Material|
|By End-user Industry|
|Pharmaceutical & Medical|
|Personal & Home Care|
|Other End-user Industries|
Report scope can be customized per your requirements. Click here.
To understand key trends, Download Sample Report
There is a high demand for flexible packaging in the beverage sector, due to factors, such as ease of handling and reduced production and shipment costs. However, the quality of beverages is affected by pH, storage temperature, pressure, and presence of contaminants; any changes in the levels can alter the composition of the beverage. Companies are increasingly employing flexible packaging products with properties, such as barrier resistance (to heat, moisture, and bacteria), to eliminate possible oxidation.
Lightweight packaging material has become essential in beverages, particularly, in pouches. The ever-improving design of pouches has led to an increase in their applications, attracting more consumers toward purchasing fruit drinks, nutraceuticals, meal replacement shakes, fiber supplements, and cold-pressed juices.
The shift of milk packaging format - from glass to carton-based packaging, coupled with the demand for longer shelf life, has led to an increase in the demand for aseptic carton containers.Further, the need for brand recognition is leading to high investments in developing attractive and convenient packaging formats. With beverage companies focusing on building a brand image to attract consumers, and new companies trying to differentiate their products, the consumption of flexible pouches in the beverages sector is expected to increase, over the forecast period.
To understand geography trends, Download Sample Report.
The North America Flexible Packaging Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability.
The companies operating in the market are also acquiring start-ups working on North America Flexible Packaging technologies to strengthen their product capabilities. In February 2018, Berry Global Group, Inc. acquired the Clopay Plastic Products Company, Inc., a subsidiary of Griffon Corporation for USD 475 million in cash, on a debt-free, cash-free basis. The acquisition of Clopay is directly aligned with the company’s fundamental strategic initiatives.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Demand For Convenient Packaging And Changing Consumer Lifestyle
4.3.2 Exceptional Benefits Offered By The Flexible Packaging
4.4 Market Restraints
4.4.1 Fluctuating Raw Material Prics And Governemnt Regulations Associated With Plastic
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Packaging Material
5.1.2 Flexible Foam
5.1.4 Aluminium Foil
5.2 By Product
5.2.4 Other Types
5.3 By End-user Industry
5.3.3 Pharmaceutical & Medical
5.3.4 Personal & Home Care
5.3.5 Other End-user Industries
5.4 By Geography
5.4.1 North America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Sealed Air Corp.
6.1.2 Tetra Pak
6.1.3 Constantia Flexibles
6.1.4 Winpak Ltd.
6.1.5 Amcor PLC
6.1.6 Mondi PLC
6.1.7 Transcontinental Inc.
6.1.8 American Packaging Corporation
6.1.9 Sit Group SpA
6.1.10 Toppan Printing Co. Ltd
6.1.11 Printpack Inc.
6.1.12 Sigma Plastics Group Inc.
6.1.13 Novolex Holdings Inc.
6.1.14 Berry Global Inc.
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS