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Report
North America Flexible Plastic Packaging Market Forecast 2024-2032
Market Report I 2024-11-27 I 146 Pages I Inkwood Research
KEY FINDINGS
The North America flexible plastic packaging market is set to progress with a CAGR of 4.29% over the forecast period of 2024-2032. The market was valued at $59108.69 million in 2023 and is expected to reach $87020.84 million by 2032.
MARKET INSIGHTS
The North American flexible packaging market is primarily driven by the rising adoption of FPP across industries like food & beverages, healthcare, personal care, and e-commerce. Growing e-commerce sales amplify the need for secure supply chain packaging.
Moreover, Increased demand from sectors such as packaged foods, pharmaceuticals, cosmetics, and online retail is fueling the market's growth. Regionally, the United States and Canada are key contributors; the US sees strong demand for packaged foods, while Canada's pharmaceutical sector, one of the fastest-growing globally, supports the market's expansion. This positive outlook positions the region for sustained demand in flexible packaging.
REGIONAL ANALYSIS
The North America flexible plastic packaging market growth evaluation includes a detailed assessment of the United States and Canada.
The United States flexible packaging market is primarily driven by the growing adoption of flexible packaging solutions and their widespread utility across various end-user sectors, including medical and pharmaceuticals, food & beverage, and consumer products. Flexible packaging represents the second-largest segment in the packaging industry, following rigid plastics and bottles. Its increasing popularity over rigid plastic packaging is attributed to key advantages such as lightweight design, enhanced durability, extended shelf life, and cost efficiency.
According to the Flexible Packaging Association, the primary applications of flexible plastic packaging are concentrated in food & beverages, medical and pharmaceutical products, and consumer goods. These attributes make it a preferred choice for manufacturers seeking efficiency and sustainability. Flexible plastic packaging's superior characteristics, including high durability, extended product shelf life, and cost-effectiveness, have further fueled its adoption. Among the various applications, the food & beverage segment holds the largest share in the US flexible packaging market, highlighting its dominant role in driving industry growth.
In line with this, the flexible packaging market in Canada is primarily driven by the growth of the packaging and frozen food industries. According to Food & Consumer Products of Canada, the increasing demand for packaged and frozen foods, coupled with a focus on ingredient quality, is fueling the need for flexible packaging solutions. Flexible packaging is particularly favored for gourmet products, which often feature exotic flavors and unique ingredients. This packaging format is also preferred for its ability to preserve nutritional value, enhance durability, and extend shelf life compared to rigid packaging. Additionally, the rising popularity of organic foods, growing health consciousness, and the increasing demand for convenience and ready-to-use food products have further amplified the adoption of flexible packaging in Canada, thus boosting the market's growth.
SEGMENTATION ANALYSIS
The North America flexible plastic packaging market segmentation includes material, type, printing technology, and application. The material segment is further classified into plastics, aluminum foils, and other materials.
The growth of the food & beverage sector is anticipated to positively influence the flexible packaging industry. Plastic flexible packaging plays a crucial role in this segment due to its ability to adapt to various forms and shapes, thus meeting diverse industry needs. Plastics represent the largest raw material segment in flexible packaging, with demand projected to rise further. Commonly used polymers in this regard include low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE).
According to the Plastics and Chemicals Industries Association (PACIA), approximately 223,000 tons of LDPE packaging are utilized across various end use industries. Applications of plastic flexible packaging span a wide range, including flexible beverage containers, metalized foil pouches, yogurt tubs, and confectionary twist wraps. Additionally, it is extensively used in boutique retail shopping bags, pallet stretch and shrink films, shrink overwraps, produce bags, tubes, pouches, agricultural mulch and silage films, heat-sealable coatings, films, and cling wraps. This versatility underscores its growing significance in the packaging industry, thereby fueling the segment's growth during the forecasted period.
COMPETITIVE INSIGHTS
Some of the key companies operating in the North America flexible plastic packaging market include Amcor Plc, Berry Global Group Inc, CCL Industries Inc, etc.
Amcor Plc, headquartered in Zurich, Switzerland, is a global leader in packaging solutions. The company offers a wide range of packaging products, including plastic, fiber, metal, and glass, along with packaging-related services. It operates through three key business segments: Amcor Flexibles, Amcor Rigid Plastics, and Other/Investments, providing innovative and sustainable packaging solutions to customers worldwide. With a strong global presence, Amcor primarily serves markets in North America, Western Europe, Australia, and New Zealand.
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.5. MAJOR MARKET FINDINGS
2.5.1. IMPROVEMENTS IN MANUFACTURING ACTIVITIES ARE AIDING THE MARKET'S GROWTH
2.5.2. EMERGENCE OF SMART PACKAGING
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. GROWING FOCUS ON REDUCING FOOD WASTAGE AND ENHANCING COST-EFFECTIVENESS OF PRODUCTS
3.1.2. RISING DEMAND FOR MORE SUSTAINABLE AND ENVIRONMENTALLY FRIENDLY PACKAGING
3.1.3. INCREASING DEMAND FROM VARIOUS END-USERS
3.2. KEY RESTRAINTS
3.2.1. VOLATILITY IN RAW MATERIAL PRICES
3.2.2. ISSUES RELATED TO RECYCLING PLASTIC PACKAGING
3.2.3. STRINGENT ENVIRONMENTAL REGULATIONS
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.1.1. ESCALATING DEMAND FOR CONVENIENT PACKAGING SOLUTIONS
4.1.2. INCREASED USE IN THE FOOD & BEVERAGE INDUSTRY
4.1.3. EXPANDING FOOD PROCESSING AND E-COMMERCE SECTORS
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1. BUYERS POWER
4.2.2. SUPPLIERS POWER
4.2.3. SUBSTITUTION
4.2.4. NEW ENTRANTS
4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.3.1. GROWTH PROSPECT MAPPING FOR NORTH AMERICA
4.4. MARKET CONCENTRATION ANALYSIS
4.5. VALUE CHAIN ANALYSIS
4.5.1. RAW MATERIAL SUPPLIERS
4.5.2. MANUFACTURERS
4.5.3. DISTRIBUTORS
4.5.4. END-USERS
4.6. KEY BUYING CRITERIA
4.6.1. APPLICATION AND EFFECTIVENESS
4.6.2. COST
4.6.3. SUSTAINABILITY
4.7. REGULATORY FRAMEWORK
5. MARKET BY MATERIAL
5.1. PLASTICS
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENT ANALYSIS
5.2. ALUMINUM FOILS
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENT ANALYSIS
5.3. OTHER MATERIALS
5.3.1. MARKET FORECAST FIGURE
5.3.2. SEGMENT ANALYSIS
6. MARKET BY TYPE
6.1. POUCHES
6.1.1. MARKET FORECAST FIGURE
6.1.2. SEGMENT ANALYSIS
6.2. ROLLSTOCK
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENT ANALYSIS
6.3. BAGS
6.3.1. MARKET FORECAST FIGURE
6.3.2. SEGMENT ANALYSIS
6.4. FILMS & WRAPS
6.4.1. MARKET FORECAST FIGURE
6.4.2. SEGMENT ANALYSIS
6.5. OTHER TYPES
6.5.1. MARKET FORECAST FIGURE
6.5.2. SEGMENT ANALYSIS
7. MARKET BY PRINTING TECHNOLOGY
7.1. FLEXOGRAPHY
7.1.1. MARKET FORECAST FIGURE
7.1.2. SEGMENT ANALYSIS
7.2. ROTOGRAVURE
7.2.1. MARKET FORECAST FIGURE
7.2.2. SEGMENT ANALYSIS
7.3. DIGITAL PRINTING
7.3.1. MARKET FORECAST FIGURE
7.3.2. SEGMENT ANALYSIS
7.4. OTHER PRINTING TECHNOLOGIES
7.4.1. MARKET FORECAST FIGURE
7.4.2. SEGMENT ANALYSIS
8. MARKET BY APPLICATION
8.1. FOOD & BEVERAGES
8.1.1. MARKET FORECAST FIGURE
8.1.2. SEGMENT ANALYSIS
8.2. HEALTHCARE
8.2.1. MARKET FORECAST FIGURE
8.2.2. SEGMENT ANALYSIS
8.3. COSMETICS & TOILETRIES
8.3.1. MARKET FORECAST FIGURE
8.3.2. SEGMENT ANALYSIS
8.4. OTHER APPLICATIONS
8.4.1. MARKET FORECAST FIGURE
8.4.2. SEGMENT ANALYSIS
9. GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1. MARKET SIZE & ESTIMATES
9.1.2. NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET DRIVERS
9.1.3. NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET CHALLENGES
9.1.4. KEY PLAYERS IN NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET
9.1.5. COUNTRY ANALYSIS
9.1.5.1. UNITED STATES
9.1.5.1.1. UNITED STATES FLEXIBLE PLASTIC PACKAGING MARKET SIZE & OPPORTUNITIES
9.1.5.2. CANADA
9.1.5.2.1. CANADA FLEXIBLE PLASTIC PACKAGING MARKET SIZE & OPPORTUNITIES
10. COMPETITIVE LANDSCAPE
10.1. KEY STRATEGIC DEVELOPMENTS
10.1.1. MERGERS & ACQUISITIONS
10.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
10.1.3. PARTNERSHIPS & AGREEMENTS
10.1.4. BUSINESS EXPANSIONS & DIVESTITURES
10.2. COMPANY PROFILES
10.2.1. AMCOR PLC
10.2.1.1. COMPANY OVERVIEW
10.2.1.2. PRODUCTS
10.2.1.3. STRENGTHS & CHALLENGES
10.2.2. BERRY GLOBAL GROUP INC
10.2.2.1. COMPANY OVERVIEW
10.2.2.2. PRODUCTS
10.2.2.3. STRENGTHS & CHALLENGES
10.2.3. CCL INDUSTRIES INC
10.2.3.1. COMPANY OVERVIEW
10.2.3.2. PRODUCTS
10.2.3.3. STRENGTHS & CHALLENGES
10.2.4. CONSTANTIA FLEXIBLES
10.2.4.1. COMPANY OVERVIEW
10.2.4.2. PRODUCTS
10.2.4.3. STRENGTHS & CHALLENGES
10.2.5. COVERIS
10.2.5.1. COMPANY OVERVIEW
10.2.5.2. PRODUCTS
10.2.5.3. STRENGTHS & CHALLENGES
10.2.6. DS SMITH
10.2.6.1. COMPANY OVERVIEW
10.2.6.2. PRODUCTS
10.2.6.3. STRENGTHS & CHALLENGES
10.2.7. GLENROY INC
10.2.7.1. COMPANY OVERVIEW
10.2.7.2. PRODUCTS
10.2.7.3. STRENGTHS & CHALLENGES
10.2.8. GRAPHIC PACKAGING INTERNATIONAL LLC
10.2.8.1. COMPANY OVERVIEW
10.2.8.2. PRODUCTS
10.2.8.3. STRENGTHS & CHALLENGES
10.2.9. HUHTAMAKI
10.2.9.1. COMPANY OVERVIEW
10.2.9.2. PRODUCTS
10.2.9.3. STRENGTHS & CHALLENGES
10.2.10. MONDI GROUP
10.2.10.1. COMPANY OVERVIEW
10.2.10.2. PRODUCTS
10.2.10.3. STRENGTHS & CHALLENGES
10.2.11. PROAMPAC
10.2.11.1. COMPANY OVERVIEW
10.2.11.2. PRODUCTS
10.2.11.3. STRENGTHS & CHALLENGES
10.2.12. PRINTPACK
10.2.12.1. COMPANY OVERVIEW
10.2.12.2. PRODUCTS
10.2.12.3. STRENGTHS & CHALLENGES
10.2.13. SEALED AIR CORPORATION
10.2.13.1. COMPANY OVERVIEW
10.2.13.2. PRODUCTS
10.2.13.3. STRENGTHS & CHALLENGES
10.2.14. SIGMA PLASTICS GROUP
10.2.14.1. COMPANY OVERVIEW
10.2.14.2. PRODUCTS
10.2.14.3. STRENGTHS & CHALLENGES
10.2.15. SONOCO PRODUCTS COMPANY
10.2.15.1. COMPANY OVERVIEW
10.2.15.2. PRODUCTS
10.2.15.3. STRENGTHS & CHALLENGES
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - FLEXIBLE PLASTIC PACKAGING
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY MATERIAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY MATERIAL, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 5: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 7: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY PRINTING TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY PRINTING TECHNOLOGY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 9: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 11: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 12: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 13: KEY PLAYERS OPERATING IN NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET
TABLE 14: LIST OF MERGERS & ACQUISITIONS
TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 17: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR NORTH AMERICA
FIGURE 4: MARKET CONCENTRATION ANALYSIS
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2023
FIGURE 8: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY PLASTICS, 2024-2032 (IN $ MILLION)
FIGURE 9: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY ALUMINUM FOILS, 2024-2032 (IN $ MILLION)
FIGURE 10: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER MATERIALS, 2024-2032 (IN $ MILLION)
FIGURE 11: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, GROWTH POTENTIAL, BY TYPE, IN 2023
FIGURE 12: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY POUCHES, 2024-2032 (IN $ MILLION)
FIGURE 13: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY ROLLSTOCK, 2024-2032 (IN $ MILLION)
FIGURE 14: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY BAGS, 2024-2032 (IN $ MILLION)
FIGURE 15: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY FILMS & WRAPS, 2024-2032 (IN $ MILLION)
FIGURE 16: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER TYPES, 2024-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, GROWTH POTENTIAL, BY PRINTING TECHNOLOGY, IN 2023
FIGURE 18: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY FLEXOGRAPHY, 2024-2032 (IN $ MILLION)
FIGURE 19: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY ROTOGRAVURE, 2024-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY DIGITAL PRINTING, 2024-2032 (IN $ MILLION)
FIGURE 21: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER PRINTING TECHNOLOGIES, 2024-2032 (IN $ MILLION)
FIGURE 22: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 23: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY FOOD & BEVERAGES, 2024-2032 (IN $ MILLION)
FIGURE 24: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY HEALTHCARE, 2024-2032 (IN $ MILLION)
FIGURE 25: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY COSMETICS & TOILETRIES, 2024-2032 (IN $ MILLION)
FIGURE 26: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 27: NORTH AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 28: UNITED STATES FLEXIBLE PLASTIC PACKAGING MARKET, 2024-2032 (IN $ MILLION)
FIGURE 29: CANADA FLEXIBLE PLASTIC PACKAGING MARKET, 2024-2032 (IN $ MILLION)
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