North America Flexible Packaging Market - Forecasts from 2018 to 2023
North America flexible packaging market was valued at US$30.060 billion in 2015 and is projected to grow at a CAGR of 2.07% during the forecast period to reach the market size of US$33.991 billion by 2021. Factors that contribute to the growth of flexible packaging market in this region include improving economic scenario, high disposable income, rising consumer confidence, along with declining unemployment levels, especially in the U.S. Rising use of stand-up pouches due to lightweight portability and convenience, particularly of single-serve flexible packaging formats has also augmented the demand for flexible packaging solutions. Technological advancement in the development of sophisticated barrier materials has also provided the necessary impetus to the demand for these solutions. However, growing environmental sustainability concerns will restrain the growth of flexible packaging market in North America.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry and regional regulations which are determining the product specifications and a brief technological aspect of flexible packaging solutions. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
North America flexible packaging market has been segmented on the basis of packaging material and application. Under major packaging material used for flexible packaging solutions, the market has been segmented into Paper, Aluminum Foil, BOPP Film, Polyethylene Foil, Polyethylene Terephthalate among others. By applications, the market has been segmented majorly into food packaging, beverage packaging, cosmetics and toiletries, and pharmaceutical and healthcare.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry participants that have been profiled as a part of this section are Amcor, Reynolds Packaging, Bemis, WestRock, and Tetra Laval.