Opportunities in the United States Packaging Industry 2024

Opportunities in the United States Packaging Industry 2024

Summary

The US packaging industry grew from 615.4 billion units in 2018 to 668.8 billion units in 2023, at a CAGR of 1.7%. It is forecast to increase further and reach 717.2 billion units in 2028, at a CAGR of 1.4%. Rigid plastics was the most used pack material in 2023, holding a volume share of 34.5% by accounting for 230.7 billion units. Rigid plastics is forecast to post a CAGR of 1.6% among all pack materials during 2023-28.

Scope

This report utilizes multiple data sources to provide a comprehensive overview of the packaging industry in the US, as part of our coverage of the industry across 48 countries. It includes an analysis of the following -

• Market overview: Provides an overview of the usage of different pack materials across different industries in terms of the number of units, packaging share, and growth rates during 2018-28. Additionally, it explores packaging innovations for the leading industries in regard to each pack material analyzed.
• Growth in the use of pack materials by industry: Provides an overview of the shift in the utilization of various pack materials across the leading industries during 2023-28.
• Key pack materials: Includes data and analysis-number of units (millions) and growth rates-for five key pack materials, namely rigid plastics, rigid metal, paper and board, flexible packaging, and glass during 2018-28. It also includes data and analysis for pack materials other than the previously mentioned five. Additionally, the section covers:
• Pack sub-type: Includes aerosol - metal, box - rigid plastic, carton - carton board, box - liquid packaging board, box - other material, foil - aluminum, pod - paper, flexible plastic, tray - aluminum, tube - flexible plastic, other flexible packaging pack types - all sub-types, HDPE, PET, and others.
• Pack type: Includes aerosol, bag-in-box, bag/sachet, blister pack, bottle, box, bubble top, can, carton-folding, carton-liquid, clamshell, etc.
• Closure material: Includes metal, plastic, glass, natural cork, synthetic cork, and others.
• Closure type: Includes cap, crown, dispenser, film, flip/snap top, foil, lever closure, plastic tie, prize off, screw top, sports cap, stopper, and twist off.
• Primary outer material: Includes flexible packaging, board, rigid plastic, and others.
• Primary outer type: Includes bag, blister pack, carton-folding, shrink wrap, sleeve, and others.

• Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail.
• This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances.
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.