Flexible Food Packaging Market in North America by Material and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR44613
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The flexible food packaging market in North America has the potential to grow by USD 4.13 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.15%.

This flexible food packaging market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by material (plastic, paper, and foil) and geography (the US, Canada, and Mexico). The flexible food packaging market in North America report also offers information on several market vendors, including Amcor Plc, Berry Global Group Inc., CCL Industries Inc., Constantia Flexibles Group GmbH, FLAIR Flexible Packaging Corp., Mondi Group, ProAmpac Intermediate Inc., Reynolds Group Products Inc., Sealed Air Corp., and Sonoco Products Co. among others.

What will the Flexible Food Packaging Market Size in North America be in 2021?

Flexible-Food-Packaging-Market-In-North-America-Market-Size-2020-2025

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Flexible Food Packaging Market in North America: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The lower cost of production and less plastic waste than rigid packaging is notably driving the flexible food packaging market growth in North America, although factors such as fluctuations in the prices of raw materials may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the flexible food packaging market in North America get your FREE report sample now.

  • Lower cost of production and less plastic waste than rigid packaging is a key driver boosting the growth of the flexible food packaging market in North America.
  • The growing demand for plastic packaging is accompanied by increasing concerns over its high production cost and its contribution to environmental pollution. 
  • More companies are trying to adopt different strategies to reduce the cost of production and plastic packaging waste.
  • The increased focus on sustainability is fostering demand for flexible packaging from food companies. 
  • Increasing consumer preference for packaged food is another important driver influencing the flexible food packaging market growth in North America.
  • The growing preference for packaged food products is mainly attributed to changing lifestyles and increasing health awareness among consumers.
  • The convenience offered by packaged foods such as RTE and instant foods is one of the factors that increase the demand for packaged food in North America and which largely contributes to the flexible food packaging market in North America.
  • Packaged food companies in the US, such as Tyson Foods, PepsiCo, and Nestlé, are also introducing new products in the market, thus further generating the demand for flexible food packaging in North America.

This flexible food packaging market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Flexible Food Packaging Market Vendors in North America?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amcor Plc
  • Berry Global Group Inc.
  • CCL Industries Inc.
  • Constantia Flexibles Group GmbH
  • FLAIR Flexible Packaging Corp.
  • Mondi Group
  • ProAmpac Intermediate Inc.
  • Reynolds Group Products Inc.
  • Sealed Air Corp.
  • Sonoco Products Co.

 

The flexible food packaging market in North America is fragmented and the vendors are deploying growth strategies such as by offering differentiated products to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the flexible food packaging market in North America forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Flexible Food Packaging Market in North America?

Flexible-Food-Packaging-Market-In-North-America-Market-Share-by-Region-2020-2025

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79% of the market’s growth will originate from the US during the forecast period. The US is the key market for flexible food packaging market in North America. Market growth in this region will be slower than the growth of the market in Mexico.

The various advantages such as flexibility, low cost, and low carbon footprint over rigid plastics packaging solutions will facilitate the flexible food packaging market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Material Segments in the Flexible Food Packaging Market in North America?

Flexible-Food-Packaging-Market-In-North-America-Market-Share-by-Material-2020-2025

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Plastic is the most commonly used material for flexible food packaging due to its low weight and cost, and the high scope for innovation and advanced customization. The different types of polymers used in flexible plastic packaging include polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC). Flexible plastic packaging is available in different types such as pouches, wraps, bags, wicketed bags, plastic films, and others. The pouch packaging market in North America is expected to grow steadily during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the flexible food packaging market size in North America.

 

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What are the Key Factors Covered in this Flexible Food Packaging Market in North America Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive flexible food packaging market growth in North America during the next five years
  • Precise estimation of the flexible food packaging market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the flexible food packaging market in North America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of flexible food packaging market vendors in North America 

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Flexible Food Packaging Market In North America Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 4.13 billion

Market structure

Fragmented

YoY growth (%)

5.11

Regional analysis

US, Canada, and Mexico

Performing market contribution

US at 79%

Key consumer countries

US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amcor Plc, Berry Global Group Inc., CCL Industries Inc., Constantia Flexibles Group GmbH, FLAIR Flexible Packaging Corp., Mondi Group, ProAmpac Intermediate Inc., Reynolds Group Products Inc., Sealed Air Corp., and Sonoco Products Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025
    • Impact of COVID-19 on the food industry

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Material

    • Market segments
    • Comparison by Material
    • Plastic - Market size and forecast 2020-2025
    • Paper - Market size and forecast 2020-2025
    • Foil - Market size and forecast 2020-2025
    • Market opportunity by Material

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • US - Market size and forecast 2020-2025
    • Canada - Market size and forecast 2020-2025
    • Mexico - Market size and forecast 2020-2025
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Amcor Plc
    • Berry Global Group Inc.
    • CCL Industries Inc.
    • Constantia Flexibles Group GmbH
    • FLAIR Flexible Packaging Corp.
    • Mondi Group
    • ProAmpac Intermediate Inc.
    • Reynolds Group Products Inc.
    • Sealed Air Corp.
    • Sonoco Products Co.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The flexible food packaging market growth will increase by $2643.43 million during 2019-2024.
    The flexible food packaging market is expected to grow at a CAGR of 4.26% during 2019-2024.
    Technavio has segmented the flexible food packaging market by material (Plastic, Paper, and Foil) and geographic (US, Canada, and Mexico).
    Amcor Plc, Berry Global Group Inc., CCL Industries Inc., Constantia Flexibles Group GmbH, FLAIR Flexible Packaging Corp., Mondi Group, ProAmpac Intermediate Inc., Reynolds Group Holdings Ltd., Sealed Air Corp., Sonoco Products Co. are a few of the key vendors in the flexible food packaging market.
    US will register the highest growth rate of 79.71% among the other regions. Therefore, the flexible food packaging market in US is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the flexible food packaging market growth are:
    • Lower cost of production and less plastic waste than rigid packaging
    The flexible food packaging market vendors should focus on grabbing business opportunities from the plastic segment as it accounted for the largest market share in the base year.
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