Market Size of NA Plastic Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.70 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Plastic Packaging Market Analysis
North America's plastic packaging market is expected to grow with a CAGR of 2.7% during the forecast period of 2021-2026. The spread of novel coronavirus has not negatively affected the plastic packaging industry in North America. This is because it supports the vital food and beverage industry, which comes under essential services and will not be discontinued till the pandemic is over. The US Food and Drug Administration (FDA) has temporarily relaxed certain packaging and labeling requirements for shell eggs that are sold in retail markets. This is because the pandemic led to a surge in demand for shell eggs, while appropriately labeled retail packaging for such products dropped.
- The packaging industry in the North American region has undergone a drastic change in recent years, and the growth of e-commerce, along with innovations in digital printing, and sustainability are driving the market. Due to this, there has been an increased demand for sustainable, flexible packaging. For instance, according to the Flexible Packaging Association, more than 60% of consumers in North America are keen to pay more for tangible and functional packaging benefits, such as product protection, shipping friendly, and supply chain efficacy, among others.
- Flexible packaging is mainly used for food, which contributes to more than 60% of the total market. The US flexible packaging industry is witnessing healthy growth, as the industry was able to implement innovative solutions for the many packaging challenges it faced. According to the Flexible Packaging Association, brand owners are taking on films, pouches, and bags as a go-to packaging solution, acknowledgments in part to extensive acceptance by American consumers.
- The increased domestic demand for aluminum has led to an upsurge in aluminum foil imports from China, whose foil shipments to the United States increased almost 10-fold, valued at around 265 million pounds, in the last decade. Today, flexible packaging is mostly used for food, with the fastest areas of expansion being coffee, snack foods, fresh produce, ready-to-eat meals, and pet food.
- Canada is anticipated to witness a higher growth rate due to the growing adoption of innovative packaging techniques across numerous industries. Furthermore, the region has a flourishing retail industry that banks heavily on flexible packaging methods, being a global leader in the retail industry.
- The increasing popularity of packaging media in Canada, which provides long shelf life to finished food products, is driving the rigid packaging in the food and beverage industry in Canada. Moreover, the rising demand for convenience food and an increasing number of nuclear families is expected to further enhance the adoption of the rigid packaging market for food and beverages.
North America Plastic Packaging Industry Segmentation
Plastic packaging solutions are used across various industries such as manufacturing, retail, and healthcare. Plastic packaging has gained significant traction in the healthcare industry due to its high barrier properties, long shelf-life, and durability. North America Plastic Packaging Market is segmented by Type (Rigid Plastic Packaging (Material, Product, End User), Flexible Plastic Packaging (Material, Product, End User)) and Country.
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| By Country | |
| US | |
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NA Plastic Packaging Market Size Summary
The North American plastic packaging market is experiencing a steady growth trajectory, driven by the essential role it plays in supporting the food and beverage industry, which remains a critical sector even during disruptions like the COVID-19 pandemic. The market is witnessing a significant transformation due to the rise of e-commerce, advancements in digital printing, and a growing emphasis on sustainability. This shift has led to an increased demand for flexible packaging solutions, particularly in the food sector, which dominates the market. The adoption of innovative packaging techniques and materials, such as films, pouches, and bags, is gaining traction among brand owners, largely due to their acceptance by consumers who value product protection and supply chain efficiency.
In Canada, the market is poised for higher growth, fueled by the retail industry's reliance on flexible packaging and the increasing demand for convenience foods. The country's focus on eco-friendly packaging solutions is evident through various initiatives and collaborations aimed at enhancing recycling rates and reducing plastic waste. The regulatory landscape, influenced by bodies like the FDA and CFIA, ensures stringent standards for packaging quality and safety, further driving innovation in the sector. Major players in the market are actively pursuing sustainable packaging solutions, as seen in collaborations and product developments aimed at reducing environmental impact. This competitive environment is characterized by strategic partnerships and technological advancements, positioning the North American plastic packaging market for continued expansion and evolution.
NA Plastic Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Intensity of Competitive Rivalry
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1.2.5 Threat of Substitutes
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1.3 Industry Value Chain Analysis
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2. MARKET SEGMENTATION - BY TYPE
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2.1 Rigid Plastic Packaging
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2.1.1 By Material
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2.1.1.1 PE
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2.1.1.2 PP
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2.1.1.3 PET
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2.1.1.4 PS and EPS
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2.1.1.5 Other Materials
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2.1.2 By Product
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2.1.2.1 Bottles and Jars
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2.1.2.2 Trays and Containers
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2.1.2.3 Caps and Closures
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2.1.2.4 Other Products
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2.1.3 By End User
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2.1.3.1 Food
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2.1.3.2 Beverage
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2.1.3.3 Personal Care
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2.1.3.4 Pharmaceuticals
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2.1.3.5 Other End Users
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2.2 Flexible Plastic Packaging
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2.2.1 By Material
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2.2.1.1 PE
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2.2.1.2 BOPP
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2.2.1.3 CPP
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2.2.1.4 Other Materials
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2.2.2 By Product
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2.2.2.1 Pouches and Bags
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2.2.2.2 Films and Wraps
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2.2.2.3 Other Products
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2.2.3 By End User
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2.2.3.1 Food
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2.2.3.2 Beverage
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2.2.3.3 Personal Care
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2.2.3.4 Other End Users
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2.3 By Country
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2.3.1 US
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2.3.2 Canada
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NA Plastic Packaging Market Size FAQs
What is the current NA Plastic Packaging Market size?
The NA Plastic Packaging Market is projected to register a CAGR of 2.70% during the forecast period (2024-2029)
Who are the key players in NA Plastic Packaging Market?
Berry Global Inc., Amcor PLC, Mondi PLC, DS Smith PLC and Sonoco Products Company are the major companies operating in the NA Plastic Packaging Market.
