The North American secondary market was estimated at USD 60.40 billion in the previous year. The market is expected to reach USD 76.76 billion over the forecast period, witnessing a CAGR of 3.94%. The United States and Canada are massive consumer markets, and the population's considerable buying power makes it a lucrative market for all package suppliers. As a result, the North American secondary packaging market is anticipated to grow over the upcoming year due to the growing demand for food packaging, a string of successful e-commerce transactions, and the demand for safety in packaging transportation.
The North American secondary packaging market is fragmented, with the presence of major players like Amcor PLC, International Paper Company, Reynolds Packaging, Westrock Company, and Smurfit Kappa Group. The market incumbents are adopting powerful competitive strategies characterized by acquisitions, partnerships activities, a strong emphasis on R&D, and innovative activities.
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