The North American food packaging market is projected to grow at a CAGR of 5.7% during the forecast period. The key factors that drive the growth of the market include rapid advancements in the packaging industry in the region. The technological advancements in food packaging offer improved features including traceability, product quality information, and also ensures minimum damage to materials. The advancement and next-generation packaging solutions also increase the shelf life of perishable food products. Thus, the increased adoption of advanced packaging techniques is likely to be one of the key trends that will flourish the North American food packaging industry over the forecast period.
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Further, the takeaway culture, on-the-go eating habits, and ready meals have been significantly rising in the region, attributing to the fast-paced lifestyles of the consumers. Thus, this requires sustainable packaging as well as packaging that ensures the long-life of the product. Owing to this, the key players are shifting towards the advanced techniques for food packaging, thereby, contributing to the growth of the North American food packaging market during the forecast period. Modified atmospheric packaging and active packaging are some of the advanced techniques for the food packaging providing opportunity to the North American food packaging industry.
Market Coverage
· Market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- By Material, By Packaging, and Application
· Countries Covered- US and
· Competitive Landscape- Ball Corp., Berry Global, Inc., Sealed Air Corp., International Paper Co., American Packaging Corp., and others
Key Questions Addressed by the Report
· What is the market growth rate?
· Which segment dominates the market in the base year?
· Which segment will project the fastest growth in the market?
· How COVID-19 impacted the market?
· Recovery Timeline
· Deviation from the pre-COVID-19
· Most affected segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of North American Food Packaging Market is Available at: https://www.omrglobal.com/industry-reports/north-american-food-packaging-market
North American Food Packaging Market – Segmentation
By Material
· Plastic
· Paper & Paperboard
· Others
By Packaging
· Flexible Packaging
· Semi-Rigid Packaging
· Rigid Packaging
By Application
· Dairy Products
· Fruits & Vegetables
· Bakery & Confectionery
· Poultry & Meat Products
· Convenience Food
· Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
