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.
Product Type, Raw Material, Printing Technology, Application, Country
United States, Canada
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Key Questions Answered in This Report
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
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
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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