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North America Flexible Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1739
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Market Overview:
The North America flexible packaging market size reached US$ 45.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 55.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America flexible packaging market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type, raw material, printing technology and application.
- Key Regions Analysed
- United States
- Canada
- Analysis for Each Country
- Market by Product Type
- Printed Rollstock
- Preformed Bags and Pouches
- Others
- Market by Raw Material
- Plastic
- Paper
- Others
- Market by Printing Technology
- Flexography
- Rotogravure
- Digital
- Others
- Market by Application
- Food and Beverages
- Pharmaceuticals
- Cosmetics
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Raw Material, Printing Technology, Application, Country |
| Countries Covered | United States, Canada |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The North America flexible packaging market was valued at US$ 45.1 Billion in 2022.
We expect the North America flexible packaging market to exhibit a CAGR of 3.4% during 2023-2028.
The growing popularity of eco-friendly flexible packaging materials to reduce waste generation and control greenhouse gas emissions, is currently driving the North America flexible packaging market.
In North America, the sudden outbreak of the COVID-19 pandemic has led to the extensive utilization of flexible packaging materials owing to the growing demand for online purchase of grocery items, fruits and vegetables, snacks, etc.
Based on the product type, the North America flexible packaging market has been divided into printed rollstock, preformed bags and pouches, and others. Currently, preformed bags and pouches exhibit a clear dominance in the market.
Based on the raw material, the North America flexible packaging market can be categorized into plastic, paper, and others. Among these, plastic currently holds the majority of the total market share.
Based on the printing technology, the North America flexible packaging market has been segmented into flexography, rotogravure, digital, and others. Currently, flexography represents the largest market share.
Based on the application, the North America flexible packaging market can be bifurcated into food and beverages, pharmaceuticals, cosmetics, and others. Among these, the food and beverages sector accounts for the majority of the total market share.
On a regional level, the market has been classified into United States and Canada, where the United States currently dominates the market.
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