North America Flexible Packaging Market Opportunities, Statistics, Size, Share, Competitive Landscape with Forecast to 2028
The North America flexible packaging market is expected to
grow from US$ 43,999.48 million in 2021 to US$ 58,888.76 million by 2028. It is
estimated to grow at a CAGR of 4.3% from 2021 to 2028.
The
on-the-go snacking concept is closely associated with the easy consumption and
handling of food products. Thus, the demand for convenience food products is
increasing due to the linked convenience of consumption, aided by flexible and
disposable packaging that prevents the bars, rolls, drinks, and many products from
coming in contact with hands, keeping them clean to work simultaneously. Also,
working professionals increasingly seek tasty, nutritional, and sustainable
foods to fuel their on-the-go lifestyles.
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Moreover,
flexible packaging of food and beverage products is more convenient for end
users to handle them safely and appropriately. Flexible packaging comes in
various materials, shapes, and sizes and is typically produced in either formed
or unformed configurations. Formed products are pre-shaped with the option of
filling and sealing yourself in-house, while unformed products usually come on
a roll sent to co-packers for forming and filling. The materials used in
flexible packaging are easy to manipulate and combine into innovative and
customizable styles, such as pouches, sachets, printed roll stocks, stock bags,
and others. So, increasing demand for snacks and convenience foods and
beverages is expected to fuel the market growth across the region.
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Amcor plc
Berry Global Inc.
Constantia Flexibles
Flexpak services
Huhtamaki
Mondi
Sealed Air
Sonoco Products Company
The flexible packaging market is experiencing robust growth,
propelled by consumer demand for convenience, cost-effectiveness, and extended
product shelf life. This sector, encompassing items like pouches, bags, and
films, utilizes pliable materials such as plastics, paper, and aluminum, and is
heavily influenced by the food and beverage industry. Simultaneously, there's a
significant push towards sustainability, driving innovation in recyclable and
bio-based materials. Technological advancements, including improved barrier
properties and smart packaging features, are further shaping the market. While
challenges like plastic waste and regulatory pressures exist, the flexible
packaging industry is poised for continued expansion, particularly in regions
like Asia Pacific, and within sectors such as pharmaceuticals and e-commerce.
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