Packaging Industry in United States - Growth, Trends, and Forecast (2020 - 2025)

The Packaging Industry in the United States is Segmented by Material Type (Paper, Plastic, Glass) and End-user Industry (Food, Beverage, Pharmaceutical).

Market Snapshot

Study Period:

2019-2025

Base Year:

2019

CAGR:

4.1 %

Major Players:

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Market Overview

The Packaging Industry in United States was valued at USD 183.92 billion in 2019 and is expected to reach USD 218.36 billion by 2025, at a CAGR of 4.1% over the forecast period 2020 - 2025. For instance, in July 2018, American Packaging invested in a digital system for flexible packaging, which is designed to enable greater choice in surfaces, substrates, and technical performance. New product launches and tests may have unique possibilities with the APC Digital Tool Kit.

  • In order to concentrate on their core businesses and decrease operational costs, companies in the United States are outsourcing packaging requirements, thereby increasing market penetration across the region. 
  • The presence of multiple logistics companies across the region brings out a high demand for secondary and tertiary packaging, owing to their prominence in transportation, thus paving way for the growth of the US packaging industry.
  • The plastic processing industry emits an enormous amount of greenhouse gas, which is a major component of global warming. The extensive use of such components may lead to environmental degradation, thereby creating a huge concern across the regional ecosystem.

Scope of the Report

There is a rise in eco-friendly packaging in the region, as the number of international brands offering chemical-free, organic, and natural products in the United States is increasing. In some categories of home care, the type of packaging used varies according to the usage of the product. For example, most manufacturers of fabric softeners use PET packaging, as it is softer than HDPE. The demand for convenience packaging type is quickly evolving and pushing designers in multiple industries to innovate across the region. This is providing the consumers with choices, as they need products that fit into their increasingly urban, hectic lifestyles, including increased travel. Moreover, the regional players are innovating the most economical packaging methods to distribute and preserve food, pharmaceutical products, and other consumables across the region.

By Material Types
Paper
Plastic
Metal
Glass
Other Material Types
By End-user Industry
Food
Beverage
Pharmaceutical
Consumer Electronics
Personal/Homecare
Other End-user Industries

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Key Market Trends

Plastic Material Type is Expected to Hold Significant Market Share

  • Plastic as a packaging material is prominently used across various end-user sectors, such as the food and beverage industry, ranging from airtight wraps to shelf-stable bottles and containers. In this industry, plastics have also driven innovations in packaging design. For instance, modified atmosphere packaging (MAP) helps preserve the food's freshness by capturing a reduced-oxygen air mixture in a plastic package. These advanced and intelligence packaging techniques play a critical role in maintaining the integrity of the products while increasing their shelf life, drastically.
  • In the United States, the Food and Drug Administration regulates the safety of food packaging, including plastics used in contact with food. All food-contact packaging materials must pass FDA’s stringent approval process. In the medical and healthcare packaging industry, plastics are uniquely suited to meet the stringent standards and requirements. Their ability to remain inert to the products contained within the package plays a vital role in propelling the market growth.
  • Moreover, recyclability is expected to be the greatest challenge faced by US companies, as a growing number of companies using packaging products are focusing on recyclable and reusable plastic packaging. 

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Competitive Landscape

The US packaging industry is moderately competitive and consists of several players. With the rising demand for packaging applications, along with technological advancements across the US economy, many companies are increasing their market presence by expanding their business footprint across the various end-user sectors.

  • May 2019 - Amcor Limited and Bemis Company Inc. announced that a regulatory clearance has been received from the US Department of Justice in relation to the merger of the two companies. A condition of this approval is the previously announced sale of certain Amcor assets, located in the United States, to Tekni-Plex Inc.
  • March 2019 - Smurfit Kappa launched an innovative new range of premium papers that are suitable for both digital and flexographic printers. The DigiStar paper was developed to meet the rising demand for a multi-purpose, premium solution delivering high-quality printing results.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Increasing Demand for Longer-lasting Packaging Products

      2. 4.3.2 Rising Demand for Sustainable and Innovative Food Packaging Products

    4. 4.4 Market Restraints

      1. 4.4.1 Stringent Environmental Regulations

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 Technology Snapshot

      1. 4.7.1 Primary

      2. 4.7.2 Secondary

      3. 4.7.3 Tertiary

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Material Types

      1. 5.1.1 Paper

      2. 5.1.2 Plastic

      3. 5.1.3 Metal

      4. 5.1.4 Glass

      5. 5.1.5 Other Material Types

    2. 5.2 By End-user Industry

      1. 5.2.1 Food

      2. 5.2.2 Beverage

      3. 5.2.3 Pharmaceutical

      4. 5.2.4 Consumer Electronics

      5. 5.2.5 Personal/Homecare

      6. 5.2.6 Other End-user Industries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 American Packaging Corporation

      2. 6.1.2 US Packaging LLC

      3. 6.1.3 Amcor PLC

      4. 6.1.4 Mondi PLC

      5. 6.1.5 DS Smith PLC

      6. 6.1.6 Tetra Pak International SA

      7. 6.1.7 U.S. Packaging & Wrapping LLC

      8. 6.1.8 Sealed Air Corporation

      9. 6.1.9 Smurfit Kappa Group

      10. 6.1.10 Berry Global Inc.

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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