North America Flexible Packaging Market - Industry Size, Opportunity, Growth, Demand, & Forecast To 2027

The way consumers view and interact with packages is changing nowadays. Consumers are moving away from rigid packaging towards flexible packaging. Because of the rising focus on sustainability and innovative products, the flexible packaging market has shown immense growth in the past years as well as in the forecast period. The growing market demand for customer-friendly packages and product protection are factors that give rise to the flexible packaging market as a cost-effective substitute. Technological innovations and the rise of the e-commerce sector have changed the overall scenario of the flexible packaging market in the North American region. The busy lifestyles of people give rise to packaged foods. The growth of the food, beverages, and pharmaceutical sectors is having a significant impact on the flexible packaging market in the North American region. Governments are also moving towards more sustainable packaging in the country. Industries are more focused on sustainable and eco-friendly packaging, which has a lower impact on the environment and less evaporation of the carbon foot print in the environment. Flexible packaging gives many choices and designs for the innovative packaging of the product. Safe transportation of the products also depends on the packaging. Flexible packaging provides a longer shelf life for the products. The trend of recyclable packaging is also a factor which affects the growth of the flexible packaging market in the North American region. The North American flexible packaging solutions market is segregated into three major countries, namely: the USA, Canada, and Mexico. The USA accounts for the highest market share in the North American flexible packaging market. Changing consumer behaviors and packaging innovations will lead to market growth in the USA. According to the report title, “North America Flexible Packaging Market Outlook, 2027”, publish by Actual research, the market was value at around USD 42.67 Billion in 2021 and it is anticipated to grow with the CAGR of more than 3% during 2022 to 2027. The USA is the leading country in North America’s flexible packaging market. Factors like trends in e-commerce and sustainability are driving the flexible packaging market. Nowadays, customers want new and innovative packaging for their products. Flexible packaging provides the most effective, attractive, and sustainable packaging for various products. Businesses are seeking more flexible packaging alternatives for their products. According to the report, based on material type, the market is segmented into plastic, paper, aluminium foil, and other materials. The plastic packaging segment covers the highest share of the market in flexible packaging. The growth rate of the plastic packaging segment is estimated to be more than 3% for the forecast period in the North American region. Plastic packaging supports the food and beverage industry in the region. Other than that, innovation in digital printing is the factor which leads to the market growth of plastic packaging in the North American region. Based on the application, the market is segmented into food, beverage, pharmaceuticals, personal care, and others. The food segment covers the major portion of the flexible packaging market in the North American region. The market is witnessing growth due to the high dependence of customers on packaged food products and the strong foothold of the food processing companies in the region. The food industry is forecasted to cover more than 35% of the market in the region. Based on the packaging type, the market is segmented into bags, wraps, pouches, and others. Pouches packaging indicates the potential growth in North America’s flexible packaging market. COVID-19 Impact: The COVID-19 pandemic badly impacted countries all over the world. Trade activities are restricted during the time of the pandemic. The production of the flexible packaging industry has decreased at the time of the pandemic, but on the other hand, the need for food and pharmaceutical products is increasing. People are rushing towards panic buying. This directly increased the demand for flexible packaging in the world. The storage and transportation of pharmaceutical products also needs the proper packaging, and ultimately, the flexible packaging market is witnessing potential growth in the region. Major Companies present in the market: Amcor Plc, Berry Global Group Inc., Mondi Group, Sealed Air Corporation, Constantia Flexibles, Coveris Holding SA, Transcontinental Inc., HuhtamäkiOyj, Sonoco Products Company, Ahlstrom-MunksjöOyj, Greif, Inc., Westrock Company, AptarGroup, Inc., FlexPak Services LLC, Al Invest Bridlicnaa.s., Aran Group., Alubergs.p.a., Danaflex Group, Bischof + Klein SE & Co. KG, Glenroy, Inc., Clondalkin Group Holdings BV, ProAmpac Intermediate, Inc. Considered in this report • Geography: North America • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • North America Flexible Packaging market with its value and forecast along with its segments • Country-wise flexible packaging market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report • USA • Canada • Mexico Types of Material in the report: • Plastic • Paper • Aluminum Foil • Others By End-Use in the report: • Food • Beverages • Pharmaceuticals • Personal care • Others Types of Packaging in the report: • Bags • Wraps • Pouches • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to flexible packaging industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Key Words: North America, USA, Canada, Mexico, Flexible Packaging, Paper packaging, Plastic packaging, Aluminum foil packaging, Cold chain, Beverages, Food, Chemicals, Pharmaceuticals, Healthcare, Personal care, Bags, pouches, Wraps, Sachets, Blisters, Roll stock. This report would help you answer the following questions: 1. What is the forecasted market size of the North American flexible packaging market in 2027? 2. Why is plastic packaging leading the market? 3. At what rate will the global flexible packaging market grow in the forecast period? 4. Which country is leading the market in North America? 5. What are the different types of material used in flexible packaging?