Press release
North America liquid packaging market to 5.4% CAGR from 2020 to 2027.
North America liquid packaging market
Based on packaging type, the rigid segment accounted for the largest share in 2019, holding more than three-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the North America Liquid packaging market from flexible segment is expected to register the highest CAGR of 7.6% from 2020 to 2027.
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According to the report published by Allied Market Research, the North America liquid packaging market to 5.4% CAGR from 2020 to 2027. Surge in demand for FMCG goods, and growing demand for sustainable as well as lighweight packaging drive the growth of the North America liquid packaging market.
However, increase in concern regarding disposability and recyclability of plastic packaging products restrains the market growth. Furthermore, development of nano-food packaging is expected to provide new growth opportunities for the North America Liquid packaging market player in near future.
By End User
1. Food & Beverage
2. Personal Care
3. Pharmaceutical
4. Household Care
5. Industrial
6. Others
Leading industry players analyzed in the North America Liquid packaging market include Berry North America, Amcor Limited, Goglio S.p.A., Constantia Flexibles, ProAmpac, Mondi Plc, Sealed Air Corporation, Reynolds Group Holdings Ltd., Sonoco Products Company, and Sealed Air Corporation.
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Covid-19 scenario:
• The demand for liquid packaging has been surged during the Covid-19 pandemic due to increase in its usage for packaging of FMCG products such as sanitizer, hand washes, and liquid detergents.
• In addition, its demand from pharmaceutical industry has also been surged during the Covid-19 pandemic for packaging of dietary supplements, such as vitamins, and other essential supplies, such as allergy medication.
The report offers a detailed segmentation of the North America liquid packaging market based on resin, packaging type, technology, end-user, and country.
Based on resin, the polyethylene segment contributed to the largest share in 2019, accounting for nearly one-third of the total share, and is estimated to maintain its dominant position during the forecast period. In addition, the segment is estimated to portray the highest CAGR of 6.6% during the forecast period.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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