The North America flexible packaging market reached a value of US$ 34 Billion in 2019. Flexible packaging refers to a packaging made up of flexible and easily yielding materials that can be easily molded into different shapes. It is made up of high-quality film, paper and aluminum foils so that it can provide a wide range of protective characteristics. Moreover, it is produced in a variety of ways, such as a pouch, line, bag and can resonate with any type of packaging. Flexible packaging is used in different industries, such as food and beverage, pharmaceutical, cosmetic, and automobile, to protect the contents from damage, dust, dirt, leakage, pilferage, evaporation and water.
North America flexible packaging market is currently being driven by several factors. The increasing advancements in the packaging technology and the popularity of flexible packaging among consumers have catalyzed its demand in the region. Moreover, it is a cost-effective alternative to storage issues which minimizes product wastes along with keeping the food safe and healthy. Other factors that are driving the market growth include its customizing ability, safety assurance, reusability, transparency and reliability. In addition to this, flexible packaging supports on-the-go lifestyles of the consumers for carrying food items anywhere. Furthermore, the long shelf life of the flexible packaging materials and diverse utilization by end-users have also accelerated its demand in the region. Additionally, the rising demand for eco-friendly flexible packaging materials and products will continue to fuel the demand in upcoming years. Looking forward, IMARC Group expects the market to reach a value of US$ 40 Billion by 2025, registering a CAGR of 2.7% during 2020-2025.
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Report Customization: Although IMARC has tried to cover everything in the North America flexible packaging market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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