The US consumer packaging market is estimated to grow at a CAGR of 4.5% during the forecast period. Rising demand for flexible packaging across end-user industries is primarily leveraging market growth. As per the Flexible Packaging Association (FPA), in the US, the flexible packaging industry generated $31.8 billion in sales in 2018. It is the second-largest packaging segment in the country accounted for nearly 19% of the $170 billion US packaging market. Exports held approximately 5-6% of local production. Food (retail and institutional) is the largest market for flexible packaging, accounting for nearly 59% of shipments. Other markets for flexible packaging comprise retail non-food (12%); medical and pharmaceutical (9%), industrial applications (7%); consumer products (8%); and institutional non-food (3%).
Therefore, flexible packaging is one of the emerging segments of the packaging industry in the country that adds value and marketability to food and non-food products by incorporating the best qualities of paper, plastic, film, and aluminum foil to offer a comprehensive range of protective properties. Flexible packaging increases the shelf life of several products, primarily food, and has a definite eco-friendly profile. Additionally, these kinds of packaging are lightweight, which makes it easy to transport and store at home. Several re-closure and dispensing options allow it to open, hold, store, and re-seal. Owing to its potential features, the US manufacturers are focusing on launching new flexible packaging products to potentially serve the emerging demands in the food and beverage industry. This is further exploring the opportunity for market growth in the country.
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Market Coverage
- The market number available for 2022-2030
- Base year- 2022
- Forecast period- 2020-2030
- Segment Covered- By Material and End-User
- Competitive Landscape- Berry Global Group, Inc., Crown Holdings, Inc., Ball Corp., Sealed Air Corp., and Graham Packaging Co.
US Consumer Packaging Market-Segmentation
By Material
- Plastic
- Paper
- Glass
- Metal
By End-User
- Food
- Beverage
- Healthcare
- Personal Care and Cosmetics
- Household Goods
A full Report of US Consumer Packaging Market is Available at: https://www.omrglobal.com/industry-reports/us-consumer-packaging-market
Company Profiles
- Alpha Packaging
- Altium Packaging
- AptarGroup, Inc.
- Ball Corp.
- Berry Global Group, Inc.
- Cardinal Health
- Comar, LLC
- Cospack America Corp.
- C-P Flexible Packaging, Inc.
- Crown Holdings, Inc.
- Graham Packaging Co.
- InterFlex Group
- LLFlex, LLC
- O-I Glass, Inc.
- Pactiv LLC
- Plastipak Holdings, Inc.
- PPC Flexible Packaging LLC
- Sealed Air Corp.
- Sonoco Products Co.
- West Pharmaceutical Services, Inc.
- WestRock Group
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