Market by Raw Material, Application, Type, Printing Technology, and Country Outlook | Forecast 2022-2028
Based on estimates, the flexible packaging market in North America is anticipated to grow at a CAGR of 4.17% in revenue and 3.48% in volume over the forecasting period 2022 to 2028.
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The
countries examined in the region comprise:
•
The United States
•
Canada
The United States captures the major
share in the flexible packaging market. In the region, the market is
expanding at a rapid pace. This growth is because of the rising adoption of
flexible plastic packaging, mainly in the consumer, medical, pharmaceutical,
and F&B sectors. Furthermore, technological innovations are also
responsible for the high demand for flexible packaging materials across
numerous industries. Due to the rising focus on sustainability, conventional
rigid packaging solutions are replaced by sustainable flexible packaging.
Therefore, the rising demand for customer-friendly sustainable packaging is
expected to boost the studied market’s growth.
Further,
the rise in e-commerce, digital printing, and sustainability have fueled the
development of the market. As per the Flexible Packaging Association, more than
60% of consumers are willing to pay for functional and tangible packaging
benefits, such as shipping friendly and product protection. Other than this,
the surged demand for aluminum also created numerous opportunities for the
flexible packaging market across the region.
In
the US, flexible packaging is widely used in the F&B sector. The
implementation of innovative solutions mainly supports this healthy growth to
resolve various packaging challenges. As per estimates, brand owners opt for
pouches, films, and bags as a go-to packaging solution. Thus, as mentioned
above, these factors widely support the flexible packaging market.
Aluminum
foils are widely used across numerous end-use segments, including F&B and
pharmaceutical. This is because they have good chemical and water-resistant
properties. Besides, laminated aluminum foil films and bags have superior seal
abilities, making them ideal in these sectors. The market is divided into raw material, type, printing technology, and
application. The raw material segment includes aluminum, bioplastic, paper,
and plastic.
Notable companies in the market are Coveris Management GmbH, KM
Packaging Services Ltd, TCL Packaging, Bischof + Klein SE & CO KG, American
Packaging Corporation, and Bryce Corporation.
American Packaging
Corporation is a flexible packaging solution provider. Its product line
includes pre-formed pouches and bags, rollstock, overwraps, labels, and
stand-up bags, among others. Its products find applications across food and
beverage, personal care, household, agriculture, medical, and other markets. The
company operates manufacturing facilities in New York, Iowa, and Wisconsin.
American Packaging is headquartered in Columbus, Wisconsin, the United States.
Key deliverables of the report:
· Market CAGR during the forecasting
years 2022-2028
· Detailed data highlighting key
insights, industry components, and market strategies
· Comprehensive information and
estimation of the flexible packaging market revenue growth in North America and
its influence on the parent market
· In-depth study of forthcoming trends
in consumer behavioral patterns
· A meticulous analysis of the
competitive landscape, vendor scorecard, and Porter’s Five Forces
· A wide-ranging study of factors that
will challenge the NA flexible packaging market’s growth during the upcoming
years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
Market Segmented By Type, Appl ..
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Market By Raw Material, End-us ..
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Market by Technology, Type, En ..
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Market by Type, Material, Indu ..
VIEW REPORT1. NORTH
AMERICA FLEXIBLE PACKAGING MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE FLEXIBLE PACKAGING MARKET
2.2. KEY
INSIGHTS
2.2.1. FLEXIBLE
PLASTICS ARE A GOOD SUBSTITUTE FOR TRADITIONAL PACKAGING
2.2.2. IMPROVEMENTS
IN MANUFACTURING ACTIVITIES
2.2.3. ROTOGRAVURE
PRINTING IS EXPECTED TO SHOW HIGH GROWTH TRENDS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. INDUSTRY
COMPONENTS
2.6.1. MANUFACTURERS
2.6.2. DISTRIBUTORS
2.6.3. END-USER
2.7. KEY
MARKET STRATEGIES
2.7.1. MERGERS
& ACQUISITIONS
2.7.2. PRODUCT
LAUNCHES & DEVELOPMENTS
2.7.3. PARTNERSHIPS
& AGREEMENTS
2.7.4. BUSINESS
EXPANSIONS & DIVESTITURES
2.8. MARKET
DRIVERS
2.8.1. RISE
IN DEMAND FOR CONVENIENT PACKAGING
2.8.2. INCREASING
DEMAND FOR PROCESSED AND PACKAGED FOOD
2.8.3. NEED
FOR IMPROVED SHELF LIFE
2.9. MARKET
CHALLENGES
2.9.1. CHALLENGES
IN RECYCLING FLEXIBLE PACKAGING PRODUCTS
2.9.2. HIGH
OPERATIONAL COST
2.9.3. INCREASING
RAW MATERIAL COSTS
2.10. MARKET
OPPORTUNITIES
2.10.1. GROWING
DEMAND FOR SUSTAINABLE PACKAGING SOLUTIONS
2.10.2. INCREASED
DEMAND FROM THE E-COMMERCE INDUSTRY
3. NORTH
AMERICA FLEXIBLE PACKAGING MARKET – BY RAW MATERIAL (REVENUE IN $ BILLION &
VOLUME IN KILOTON)
3.1. PAPER
3.2. ALUMINUM
3.3. BIOPLASTIC
3.4. PLASTIC
4. NORTH
AMERICA FLEXIBLE PACKAGING MARKET – BY APPLICATION (REVENUE IN $ BILLION &
VOLUME IN KILOTON)
4.1. FOOD
& BEVERAGE
4.2. PHARMACEUTICAL
4.3. COSMETICS
4.4. OTHERS
5. NORTH
AMERICA FLEXIBLE PACKAGING MARKET – BY TYPE (REVENUE IN $ BILLION)
5.1. STAND-UP
POUCHES
5.2. FLAT
POUCHES
5.3. ROLLSTOCK
5.4. GUSSETED
BAGS
5.5. WICKETED
BAGS
5.6. WRAPS
6. NORTH
AMERICA FLEXIBLE PACKAGING MARKET – BY PRINTING TECHNOLOGY (REVENUE IN $
BILLION)
6.1. FLEXOGRAPHY
6.2. ROTOGRAVURE
6.3. DIGITAL
PRINTING
6.4. OTHERS
7. NORTH
AMERICA FLEXIBLE PACKAGING MARKET – COUNTRY OUTLOOK (REVENUE IN $ BILLION &
VOLUME IN KILOTON)
7.1. UNITED
STATES
7.2. CANADA
8. COMPETITIVE
LANDSCAPE
8.1. RENGO
CO LTD
8.2. MITSUI
BUSSAN PACKAGING CO LTD
8.3. HOSOKAWA
YOKO CO LTD
8.4. TAKIGAWA
CORPORATION
8.5. MICHELMAN
JAPAN LLC
8.6. ASAHI
KASEI
8.7. DAI
NIPPON PRINTING CO LTD
8.8. KOHJIN
FILM & CHEMICALS CO LTD
8.9. OKURA
INDUSTRIAL
8.10. SEALED
AIR CORPORATION
8.11. FLAIR
FLEXIBLE PACKAGING CORPORATION
8.12. EPAC
8.13. KORPACK
CORPORATION
8.14. HANDOO
PACKAGE CO LTD
8.15. MONDI
GROUP
8.16. AMCOR
LTD
8.17. AMERPLAST
8.18. SOLVAY
S.A.
8.19. COVERIS
MANAGEMENT GMBH
8.20. KM
PACKAGING SERVICES LTD
8.21. TCL
PACKAGING
8.22. AMERICAN
PACKAGING CORPORATION
8.23. BRYCE
CORPORATION
8.24. BISCHOF
+ KLEIN SE & CO KG
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: NORTH AMERICA FLEXIBLE PACKAGING MARKET,
COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 2: NORTH AMERICA FLEXIBLE PACKAGING MARKET,
COUNTRY OUTLOOK, 2022-2028 (IN KILOTON)
TABLE 3: VENDOR SCORECARD
TABLE 4: LIST OF MERGERS & ACQUISITIONS
TABLE 5: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 6: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 7: LIST OF BUSINESS EXPANSIONS &
DIVESTITURES
TABLE 8: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
RAW MATERIAL, 2022-2028 (IN $ BILLION)
TABLE 9: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
RAW MATERIAL, 2022-2028 (IN KILOTON)
TABLE 10: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
APPLICATION, 2022-2028 (IN $ BILLION)
TABLE 11: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
APPLICATION, 2022-2028 (IN KILOTON)
TABLE 12: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
TYPE, 2022-2028 (IN $ BILLION)
TABLE 13: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
PRINTING TECHNOLOGY, 2022-2028 (IN $ BILLION)
TABLE 14: NORTH AMERICA FLEXIBLE PACKAGING MARKET,
COUNTRY OUTLOOK, 2022-2028 (IN $ BILLION)
TABLE 15: NORTH AMERICA FLEXIBLE PACKAGING MARKET,
COUNTRY OUTLOOK, 2022-2028 (IN KILOTON)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
RAW MATERIAL, 2021 & 2028 (IN %)
FIGURE 4: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
PAPER, 2022-2028 (IN $ BILLION)
FIGURE 5: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
ALUMINUM, 2022-2028 (IN $ BILLION)
FIGURE 6: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
BIOPLASTIC, 2022-2028 (IN $ BILLION)
FIGURE 7: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
PLASTIC, 2022-2028 (IN $ BILLION)
FIGURE 8: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
APPLICATION, 2021 & 2028 (IN %)
FIGURE 9: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
FOOD & BEVERAGE, 2022-2028 (IN $ BILLION)
FIGURE 10: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
PHARMACEUTICAL, 2022-2028 (IN $ BILLION)
FIGURE 11: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
COSMETICS, 2022-2028 (IN $ BILLION)
FIGURE 12: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
OTHERS, 2022-2028 (IN $ BILLION)
FIGURE 13: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
TYPE, 2021 & 2028 (IN %)
FIGURE 14: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
STAND-UP POUCHES, 2022-2028 (IN $ BILLION)
FIGURE 15: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
FLAT POUCHES, 2022-2028 (IN $ BILLION)
FIGURE 16: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
ROLLSTOCK, 2022-2028 (IN $ BILLION)
FIGURE 17: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
GUSSETED BAGS, 2022-2028 (IN $ BILLION)
FIGURE 18: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
WICKETED BAGS, 2022-2028 (IN $ BILLION)
FIGURE 19: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
WRAPS, 2022-2028 (IN $ BILLION)
FIGURE 20: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
PRINTING TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE 21: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
FLEXOGRAPHY, 2022-2028 (IN $ BILLION)
FIGURE 22: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
ROTOGRAVURE, 2022-2028 (IN $ BILLION)
FIGURE 23: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
DIGITAL PRINTING, 2022-2028 (IN $ BILLION)
FIGURE 24: NORTH AMERICA FLEXIBLE PACKAGING MARKET, BY
OTHERS, 2022-2028 (IN $ BILLION)
FIGURE 25: NORTH AMERICA FLEXIBLE PACKAGING MARKET, COUNTRY
OUTLOOK, 2021 & 2028 (IN %)
FIGURE 26: UNITED STATES FLEXIBLE PACKAGING MARKET
2022-2028 (IN $ BILLION)
FIGURE 27: CANADA FLEXIBLE PACKAGING MARKET 2022-2028
(IN $ BILLION)