North America Flexible Packaging Market Size, Share, Opportunities, And Trends By Type (Pouch (Stand-up Pouch, Flat Pouch), Bag (Gusset Bag, Wicket Bag), Film, Wrap), By Material (Plastic (Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Others), Paper, Aluminum), By End-User Industry (Food & Beverage, Personal Care, Pharmaceutical, Others), And By Country - Forecasts From 2024 To 2029

  • Published : May 2024
  • Report Code : KSI061610193
  • Pages : 105

The North America flexible packaging market will reach US$42.913 billion in 2029 at a CAGR of 3.58% from US$35.998 billion in 2024.

Flexible packaging is one of the most widely employed packaging techniques in food & beverage, personal care, and other consumer product applications. The demand for such packaging forms has witnessed significant growth in major nations such as USA and Canada fuelled by the surge in sustainable material adoption practices followed by investment in programs associated with making recycled packaging solutions.

Major regional market players are emphasizing promoting lightweight and durable packaging alternatives in food & beverage, pharmaceutical, personal care, and retail among other sectors owing to which they are showing active participation in research & development intending to provide the most lucrative packaging solution.

Market Drivers

  • The growing retail sector is propelling the market growth.

Flexible packaging finds high applicability in the retail sector where different types of packaging options are required for varied consumer products. North American countries namely the USA and Canada are witnessing significant growth in their retail sector fuelled by the growing purchasing power and improvement in living standards. For instance, according to the National Retail Federation, in 2022, retail sales reached US$4.94 trillion which represented a 7% increase over 2021. As per the same source, the forecasted figure for 2024 reached US$5.23 to US$5.28 trillion, thereby representing a 2.5% to 3.5% growth.

As customers continue to use e-commerce the non-store and online sales are predicted to climb. For instance, according to NRD’s “2022 Consumer Return in Retail Industry” report, online sales accounted for 26.1% of the total retail sales and amounted to US$1.29 trillion.

  • Booming demand for customized packaging solutions from consumers.

Flexible packaging unlike traditional forms provides high performance benefits in terms of transparency and cost effectiveness, and with the ongoing consumer shift towards customized packaging in North America the need for flexible packaging items in the region is anticipated to show positive growth in the coming years. Moreover, the growing demand for an ideal alternative that is often designed to be resilient, portable, and lightweight has led to an upward market trajectory.

Major sectors such as food & beverage, e-commerce, retail, and pharmaceutical emphasize customized packaging to meet the diverse customer’s demands. Bolstering growth in such end-users is projected to stimulate the overall demand for flexible packaging in major regional economies such as the USA.

  • The growing E-Commerce sector bolsters the flexible packaging market growth in North America.

The E-commerce sector is one of the major end-users of packaging and companies are shifting towards packaging options that are durable, waterproof, and provide higher dimensional weight benefits thereby reducing the overall shipping cost. The bolstering growth in e-commerce is likely to impact the flexible packaging industry’s expansion positively.

Due to the increasing complexity of the retail chain, shipments are typically divided into individual packages for delivery, resulting in not only additional waste but also increased energy consumption and pollution.

The United States will account for a considerable market share.

Country-wise, the North American flexible packaging market is segmented into the USA, Canada, and Mexico, where the USA is anticipated to constitute a significant share of the market, which is attributable to the bolstering of end-user growth, efforts to promote sustainability in packaging solutions, followed growing consumer awareness regarding single-use plastic.

CSR efforts undertaken by market players such as Amcor PLC and Mondi PLC encourage consumers to switch from plastic-lined paper cups with low recyclability to single-substrate, clear plastic drink cups that are easier to recycle.

Key Developments

  • In January 2024: ProAmpac announced the launch of its flexible packaging solution “ProActive Intelligence Moisture Protect (MP-1000)” which features 3-Phase Active Polymer technology that lowers the moisture level in packaging headspace.
  • In January 2024: Accredo Packaging formed a collaboration with Reynolds Consumer Products for the development of a flexible stand-up pouch using 50% Post-Consumer Recycled material (PCR) for food packaging applications. The collaboration further offers a child-safe closure and incorporates recycled material usage in consumer product packaging applications.

North America Flexible Packaging Market Scope:

 

Report Metric Details
Market Size Value in 2024 US$35.998 billion
Market Size Value in 2029 US$42.913 billion
Growth Rate CAGR of 3.58% from 2024 to 2029
Study Period 2019 to 2029
Historical Data 2019 to 2022
Base Year 2024
Forecast Period 2024 – 2029
Forecast Unit (Value) USD Billion
Segments Covered
  • Type
  • Material
  • End-User Industry
  • Country
Companies Covered
  • Amcor PLC
  • Mondi PLC
  • Transcontinental Inc.
  • Toppan Printing Co. Ltd
  • Printpack Inc.
Regions Covered
USA, Canada, Mexico
Customization Scope Free report customization with purchase

 

Segmentation:

  • By Type
    • Pouch
      • Stand-up Pouch
      • Flat Pouch
    • Bag
      • Gusset Bag
      • Wicket Bag
    • Film
    • Wrap
  • By Material
    • Plastic
      • Polyethylene
      • Polypropylene
      • Polystyrene
      • Polyvinyl Chloride
      • Others
    • Paper
    • Aluminum
  • By End-User Industry
    • Food & Beverage
    • Personal care
    • Pharmaceutical
    • Others
  • By Country
    • USA
    • Canada
    • Mexico

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. NORTH AMERICA FLEXIBLE PACKAGING MARKET BY TYPE

5.1. Introduction

5.2. Pouch

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness Insights

5.2.4. Stand-Up-Pouch

5.2.5. Flat Pouch

5.3. Bag

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness Insights

5.3.4. Gusset Bag

5.3.5. Wicket Bag

5.4. Film

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness Insights

5.5. Wrap

5.5.1. Market Trends and Opportunities

5.5.2. Growth Prospects

5.5.3. Geographic Lucrativeness Insights

6. NORTH AMERICA FLEXIBLE PACKAGING MARKET BY MATERIAL

6.1. Introduction

6.2. Plastic

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness Insight

6.2.4. Polyethylene

6.2.5. Polypropylene

6.2.6. Polystyrene

6.2.7. Polyvinyl Chloride

6.2.8. Others

6.3. Paper

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness Insight

6.4. Aluminum

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness Insight

7. NORTH AMERICA FLEXIBLE PACKAGING MARKET BY END-USE INDUSTRY

7.1. Introduction

7.2. Food & Beverage

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness Insight

7.3. Personal Care

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness Insight

7.4. Pharmaceutical

7.4.1. Market Trends and Opportunities

7.4.2. Growth Prospects

7.4.3. Geographic Lucrativeness Insight

7.5. Others

7.5.1. Market Trends and Opportunities

7.5.2. Growth Prospects

7.5.3. Geographic Lucrativeness Insight 

8. NORTH AMERICA FLEXIBLE PACKAGING MARKET BY COUNTRY

8.1. Introduction

8.2. United States

8.2.1. Market Trends and Opportunities

8.2.2. Growth Prospects

8.3. Canada

8.3.1. Market Trends and Opportunities

8.3.2. Growth Prospects

8.4. Mexico

8.4.1. Market Trends and Opportunities

8.4.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Amcor PLC

10.2. Mondi PLC

10.3. Transcontinental Inc.

10.4. American Packaging Corporation

10.5. Toppan Printing Co. Ltd

10.6. Printpack Inc.

10.7. Novolex Holdings Inc.

10.8. Berry Global Inc.

10.9. Sealed Air Corp.

10.10. Tetra Pak International SA

10.11. Cascades Flexible Packaging


Amcor PLC

Mondi PLC

Transcontinental Inc.

American Packaging Corporation

Toppan Printing Co. Ltd

Printpack Inc.

Novolex Holdings Inc.

Berry Global Inc.

Sealed Air Corp.

Tetra Pak International SA

Cascades Flexible Packaging


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