North America Flexible Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

North America Flexible Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The North America flexible packaging market size reached US$ 45.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 55.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028.

Flexible packaging refers to a packaging made up of flexible and easily yielding materials that can be easily molded into different shapes. It is made up of high-quality film, paper and aluminum foils so that it can provide a wide range of protective characteristics. Moreover, it is produced in a variety of ways, such as a pouch, line, bag and can resonate with any type of packaging. Flexible packaging is used in different industries, such as food and beverage, pharmaceutical, cosmetic, and automobile, to protect the contents from damage, dust, dirt, leakage, pilferage, evaporation and water.

North America flexible packaging market is currently being driven by several factors. The increasing advancements in the packaging technology and the popularity of flexible packaging among consumers have catalyzed its demand in the region. Moreover, it is a cost-effective alternative to storage issues which minimizes product wastes along with keeping the food safe and healthy. Other factors that are driving the market growth include its customizing ability, safety assurance, reusability, transparency and reliability. In addition to this, flexible packaging supports on-the-go lifestyles of the consumers for carrying food items anywhere. Furthermore, the long shelf life of the flexible packaging materials and diverse utilization by end-users have also accelerated its demand in the region. Additionally, the rising demand for eco-friendly flexible packaging materials and products will continue to fuel the demand in upcoming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America flexible packaging market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type, raw material, printing technology and application.

Key Regions Analysed
United States
Canada

Analysis for Each Country

Market by Product Type
Printed Rollstock
Preformed Bags and Pouches
Others

Market by Raw Material
Plastic
Paper
Others

Market by Printing Technology
Flexography
Rotogravure
Digital
Others

Market by Application
Food and Beverages
Pharmaceuticals
Cosmetics
Others

Value Chain Analysis
Key Drivers and Challenges
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles

Key Questions Answered in This Report

1. What was the size of the North America flexible packaging market in 2022?
2. What is the expected growth rate of the North America flexible packaging market during 2023-2028?
3. What are the key factors driving the North America flexible packaging market?
4. What has been the impact of COVID-19 on the North America flexible packaging market?
5. What is the breakup of the North America flexible packaging market based on the product type?
6. What is the breakup of the North America flexible packaging market based on the raw material?
7. What is the breakup of the North America flexible packaging market based on the printing technology?
8. What is the breakup of the North America flexible packaging market based on the application?
9. What are the key regions in the North America flexible packaging market?