According to IMARC Group latest report titled” North America Flexible Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market is currently witnessing strong growth. The North America Flexible Packaging market to exhibit moderate growth during the next five years.
Market Trends:
Flexible packaging provides protective layers around the product that can be molded into different shapes. It prevents damage from dust, dirt, leakage, and evaporation, keeping contents safe from various contaminants. It is widely available in pouches, bags, overwraps, and pliable product containers that are versatile in nature. In North America, flexible packaging has gained traction as it acts as a promotional tool due to the graphics printed on it, which attract the valuable attention of potential customers.
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The North America flexible packaging market is primarily driven by its increasing application across the food and non-food industries, including the pharmaceuticals, cosmetics, and automobile industries. In the food industry, flexible packaging offers convenience, aesthetic appeal, and durability to ready-to-eat products, which are often transferred from freezer-to-microwave. It is also employed in the pharmaceuticals and nutraceuticals sectors as it provides a sustainable and recyclable alternative that is polymer-based. Furthermore, extensive research and development (R&D) activities have prompted manufacturers to introduce eco-friendly and cost-effective flexible packaging alternatives that produce minimal product waste without compromising food safety. On account of these factors, the market is expected to witness positive growth in the coming years.
North America Flexible Packaging Market Segmentation:
Our report has categorized the market based on Region, Product Type, Raw Material, Printing Technology and Application.
Market Breakup by Product Type
- Printed Rollstock
- Preformed Bags and Pouches
- Others
Market Breakup by Raw Material
- Plastic
- Paper
- Others
Market Breakup by Printing Technology
- Flexography
- Rotogravure
- Digital
- Others
Market Breakup by Application
- Food and Beverages
- Pharmaceuticals
- Cosmetics
- Others
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The North America flexible packaging market reached a value of US$33.991 Billion in 2021.
Flexible packaging refers to a packaging made up of flexible and easily yielding materials that can be easily molded into different shapes.
North America's flexible packaging market is currently being driven by several factors.
The increasing advancements in packaging technology and the popularity of flexible packaging among consumers have catalyzed its demand in the region.
The flexible packaging is expected to grow rapidly in the upcoming years.
As the world is moving towards sustainability, the novel bio-based and biodegradable packaging materials are expected to create a profitable future in the flexible packaging.
The report provides in-depth analysis from the technology perspective which is segmented based upon application, material, printing technology and region.Cost-effectiveness and increased shelf life of the products is stroking the demand for flexible plastic packaging.
Moreover, due to busy lifestyles, the demand for convenient products has increased, which has led to a rise in demand for flexible packs.
Flexible plastic packaging requires less resources and energy for packaging; thus, flexible packs are accessible at low costs.
Flexible plastic packaging enables to pack the product in the least amount of packaging material, thereby lowering product warehousing and shipping expenses while maintaining or improving product protection.
