Press release
Packaging Industry in United States Market 2022 Business Outlook - Mondi Group, Tetra Pak International SA, American Packaging Corporation, Ball Corporation
Market Insights Reports has added new statistical data to its repository titled as, Packaging Industry in United States Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Packaging Industry in United States market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.The Packaging Industry in the United States is expected to grow at a CAGR of 3.5% over the forecast period 2021 to 2026.
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Top Key Players in the Packaging Industry in United States Market is Mondi Group, Tetra Pak International SA, American Packaging Corporation, Ball Corporation, CCL Container, Sigma Plastics Group Inc., Amcor PLC, DS Smith PLC, U.S. Packaging & Prapping LLC, Owens Illinois Inc., Crown Holdings Inc., Berry Global Inc., Sealed Air Corporation, Sonoco Products Company, International Paper Company, Graphic Packaging International LLC, Grief Inc., and others.
Industry News and Update:
- Oct 2019 - Portuguese food and beverage company Sumol+Compal launched its premium brand Compal in Tetra Pak’s sleek, fresh new Tetra Stelo Aseptic 1000 Edge, with Bio-based WingCap 30. The uniquely-designed package may allow Sumol+Compal to bring to market a range of popular juices distinguished by an easy-grip carton, one-step opening, and with a smoothly-rounded, slim shape.
- Sep 2019 - Amcor opened an eCommerce testing laboratory, one in Manchester, Michigan, US. With this, the company would cater to customers with online sales; particularly in pet food, sauces, beauty, and personal care, and home cleaning products. This laboratory is certified to test packaged products for ISTA 6A.
- March 2019 - Smurfit Kappa launched an innovative new range of premium papers that are suitable for both digital and flexographic printers. The DigiStar paper was developed to meet the rising demand for a multi-purpose, premium solution delivering high-quality printing results.
Key Market Trends:
Beverage Vertical to Hold Significant Market Share
- The United States is one of the significant markets for the beverage industry. The changing demographics of the country are influencing beverage vendors. For example, over the last two decades, carbonated soft drinks were the most consumed beverages. However, recently, the water became the most popular beverage in the country.
- The United States is observing a decline in the consumption rates of soft drinks and is turning toward healthier options, such as water, health drinks, and energy drinks. Soda makers, such as Coke and Pepsi, are relying on smaller pack sizes and premium packaging to drive margin in developed markets. Moreover, a significant share of their revenues is now generated from non-carbonated drinks, reformulating drinks, and lower sugar level drinks.
- The dairy industry is another prominent player in the US beverage market. According to a USDA report published in September 2019, the total fluid milk product sales in the country stood at 34,181 million pounds. The dairy industry is looking to cut down on plastic usage and find sustainable packaging solutions.
- For instance, Maple Hill, a US-based organic milk brand, recently released shelf-stable, single-serve cartons that utilize SIG's combismile cartons, which contain wood fibers and bear the label of the FSC (Forest Stewardship Council).
- The sustainability is influencing the secondary packaging market as well, and the vendors are focusing on providing experience-focused packaging appeals to millennial consumers. Additionally, according to a study conducted on 21,000 US households in 2019, by Omnibus, the products that are environmentally friendly and use recycled packaging resonate strongly with consumers, overall.
Packaging Industry in United States Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
Full Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/02082592571/packaging-industry-in-united-states-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=A28
This Global Packaging Industry in United States Market report addresses:
– The Market size from 2016-2021
– Expected market growth until 2026
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead the market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place.
Frequently Asked Questions about Global Packaging Industry in United States market:
– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?
We Also Offer Customization on report based on specific client Requirements:
– Free Country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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