Press release
North American Consumer Packaging Market Trends, Growth, Analysis and Forecast - 2027
North American consumer packaging market is estimated to grow at a CAGR of 3.8% during the forecast period. Expansion of the e-commerce industry is boosting the market growth. As per the US Census Bureau, in the Q1 2020, the US retail e-commerce sales was $160.3 billion, a rise of 2.4% from the Q4 2019. The Q1 2020 e-commerce estimate rose 14.8% from the Q1 of 2019 while total retail sales rose 2.1% in the same period.To Request a Sample of our Report on North American Consumer Packaging Market: https://www.omrglobal.com/request-sample/north-american-consumer-packaging-market-share
As a large number of consumers embracing online shopping, packaging continues to have a key role to provide superior e-commerce experience for both the brand and the consumers. Brands are focusing on re-assess packaging of their products as per the requirements of the online shopper. Corrugated boxes are the most common and extensively used packaging material in the e-commerce sector, as it features high durability, strength, and is generally recyclable.
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Scope of the North American Consumer Packaging Market
Market Coverage
• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Material and End-User
• Countries Covered- US and Canada
• Competitive Landscape- Berry Global Group, Inc., Crown Holdings, Inc., Ball Corp., Sealed Air Corp., and Graham Packaging Co.
Recent Developments in the North American Consumer Packaging Market
• In January 2020, TRICOR Braun acquired Minneapolis-based Packaging Solutions, Inc. (PSI), a distributor of rigid packaging distributor that serves several markets, such as personal care, pharmaceutical, and pet food. PSI has 25 years of packaging expertise, with a reputation in stellar packaging and established customer relationships. This acquisition strengthens the position of TRICOR Braun in the Minneapolis market, offering additional warehouse for constant growth.
• In July 2019, Berry Global Group, Inc. acquired RPC Group Plc (RPC), a supplier of plastic packaging. The acquisition of RPC will provide the opportunity for Berry to accelerate its combined expertise in advanced material science, manufacturing technologies, and product development, to create significant value for its shareholders. With this mutual approach, Berry anticipates nearly $150 million in annual synergies.
North American Consumer Packaging Market-Segmentation
By Material
• Plastic
• Paper
• Glass
• Metal
By End-User
• Food
• Beverage
• Healthcare
• Personal Care and Cosmetics
• Household Goods
North American Consumer Packaging Market– Segment by Country
• US
• Canada
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2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
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Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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