Flexible Packaging Market Manufacturer Landscape, Revenue and Volume Analysis and Segment Information up to 2026 - Amcor PLC, Mondi PLC, Transcontinental

Market Intelligence Data has released a new report on the global Flexible Packaging market. The document gives a complete evaluation of the market. It understands market development through in-depth insights, tracking historical developments and analysing current scenarios and future forecasts based on optimistic and possible situations. The report provides detailed statistics on the Flexible Packaging market industry and its framework.

The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Amcor PLC, Mondi PLC, Transcontinental Inc., American Packaging Corporation, Sit Group SpA, Toppan Printing Co. Ltd, Printpack Inc., Sigma Plastics Group Inc., Novolex Holdings Inc., Berry Global Inc., Sealed Air Corp., Tetra Pak International SA, Constantia Flexibles, Winpak Limited, Cascades Flexible Packaging, Emmerson Packaging, Covertech Flexible Packaging Inc., ProAmpac, Sonoco Products Co., St. Johns Packaging

The North American flexible packaging market was valued at USD 40.14 billion in 2020 and is expected to reach USD 48.39 billion by 2026 and grow at a CAGR of 3.16% over the forecast period (2021-2026).

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The primary intention of this North America Flexible Packaging Market record is to offer Quantitative information withinside the shape of charts and graphs. The records concerning marketplace basics is furnished genuinely for the sake of readers. All the readers at the side of stakeholders will recognize the marketplace conditions and enterprise surroundings as it should be via this well-planned Market analysis. It will become clean to acquire the impact of COVID-19 on marketplace increase via this North America Flexible Packaging marketplace record.

Key Market Trends

The Increased Demand for Convenient Packaging by Millennial Customers may Drive the Market Growth

- The demand for flexible packaging products is generally driven by millennial customers in the region, as they have an ardent preference for single-serving and on-the-go style food and beverage foodstuffs. As these products are generally designed to be durable, portable, and lightweight, flexible packaging stands to be a famous option to pack such products. Firmest growing areas of snack foods, both in terms of processed foods and fresh items, are anticipated to govern the demand for flexible packaging from the food and beverage industry of the region.
- Additionally, the advanced packaging styles, such as collapsible/reusable pouches, bag-in-box, among others, are raising the usage of flexible packaging in combination with rigid packaging formats. Products, such as pouches, liners, bags, and shrink wraps, are opening an extensive range of new applications to the flexible packaging market in the region. Moreover, consolidation of the e-commerce sector in the region is anticipated to make flexible packaging one of the quickly growing packaging approaches over the forecast period. 

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Regional Analysis:

United States is expected to Remain the Largest Market for Flexible Packaging

- The United States holds the key market share in the region due to the existence of established industries, like the pharmaceutical, food and beverage, etc. However, Canada is anticipated to witness a higher growth rate due to the growing adoption of these packaging techniques across numerous industries. Furthermore, the region has a flourishing retail industry that banks heavily on flexible packaging methods, being a global leader in the retail industry.
- For instance, according to the balance, in 2017, the US retail industry generated USD 1.14 trillion in value-added, which is 5.9% of US gross domestic product. The biggest category within retail is automotive (at USD 212 billion), grocery stores (at USD 167 billion), and general merchandise (at USD 161 billion). Internet retailing is the wildest growing segment. By 2020, it is projected to reach USD 523 billion, at a growth rate of 9.32% each year until then.

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Competitive Landscape

The North American flexible packaging market is fragmented and consists of several major players. The major players with a prominent share in the market are focusing on expanding their customer base across foreign countries.

- September 2019 - Amcor opened a packaging innovation center in New Albany (Ohio, the United States). The innovation center is supported by a cross-functional team of engineers, designers, and technical specialists who work with customers on their product concepts. This innovation center specializes in the home and personal care market, but its services are open to packaging customers across all Amcor segments.
- July 2018 - PPC Flexible Packaging, an Illinois-based consumer packaging company, invested over USD 2 million in upgrading its equipment and facilities, which is expected to positively impact the US market.

Highlights of North America Flexible Packaging Market report:

-           A complete backdrop analysis, which includes an assessment of the parent market

-           Important changes in North America Flexible Packaging market dynamics

-           Market segmentation up to the second or third level

-           Historical, current, and projected size of the market from the standpoint of both value and volume

-           Reporting and evaluation of recent industry developments

-           Market shares and strategies of key players

-           Emerging niche segments and regional markets

-           An objective assessment of the trajectory of the market

Customization:

The Global North America Flexible Packaging Market report may be modified to meet your specific business needs. Because we recognize what our customers want, we offer 25% customization for any of our MID reports at no extra fee to all of our customers.

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