North America Flexible Packaging Market 2022 Precise Outlook - Amcor PLC, Mondi PLC, Transcontinental Inc., American Packaging Corporation

The North America Flexible Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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 2027 and grow at a CAGR of 3.16% over the forecast period (2022-2027).

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Top Leading Companies of North America Flexible Packaging Market 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 and others.

Industry News and Updates

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.

Key Market Trends

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.

Regional Outlook of North America Flexible Packaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The North America Flexible Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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