“Flexible packaging” is defined as packaging composed of materials that are easily yielding, flexible, and moldable into a range of shapes. It may offer a variety of protective qualities due to the premium film, paper, and aluminum foil that make up its makeup. It works well with many kinds of packaging and may be manufactured in a range of shapes, including bags, lines, and pouches. Flexible packaging is used in a variety of industries, including the food and beverage, pharmaceutical, cosmetic, and automotive ones, to protect products from deterioration, dust, dirt, leaks, theft, evaporation, and water.
According to SPER market research, ‘North America Flexible Packaging Market Size- By Product Type, By Raw Material, By Printing Technology, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the North America Flexible Packaging Market is predicted to reach USD 64.39 billion by 2033 with a CAGR of 3.36%.
Drivers: There are several factors driving the North American flexible packaging market at the moment. Thanks to developments in packaging technology, flexible packaging is becoming more and more popular with customers, which has increased demand for it in the local market. It saves product wastes and maintains the food’s safety and quality, making it a cost-effective solution to storage problems. Other reasons for the market’s growth include its dependability, safety guarantee, reusability, transparency, and configurable features. The ability to carry food items with them everywhere they go is another benefit of flexible packaging for consumers with hectic schedules. Additionally, it is anticipated that in the upcoming years, the market for environmentally friendly flexible packaging materials and solutions will continue to grow.
Challenges: Forms, patterns, and trends of flexible packaging are always evolving in step with the rapid evolution of technology. The packaging business has come to the realization that intelligent storage, sales tracking, inventory management, and product tracking demand less manual labor than they used to. The existing flexible products on the market are no longer useful due to the rapid advancements in technology. Furthermore, a lot of firms want to grow their clientele by providing aesthetically pleasing packaging options that satisfy different consumer demands.
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In the short term, COVID-19 had a significant effect on the market due to the global lockout that nearly ended the packaging supply chain. Nevertheless, given the surge in online sales, it was anticipated that the business would rebound. Drop-off collections for grocery bags and flexible packaging were withdrawn from several places following the disclosure of global supply chain vulnerabilities by COVID-19. The Russia-Ukraine conflict had an overall effect on the packaging sector.
Additionally, some of the market key players are; Amcor PLC, Mondi PLC, Transcontinental Inc., American Packaging Corporation, Sit Group SpA, Toppan Printing Co. Ltd, Printpack Inc., Sigma Plastics Group Inc., Novolex Holdings Inc., Berry Global Inc., and others.
North America Flexible Packaging Market Segmentation
By Product Type:
- Printed Rollstock
- Preformed Bags and Pouches
- Others
By Raw Material:
- Plastic
- Paper
- Others
By Printing Technology:
- Flexography
- Rotogravure
- Digital, Others
By Application:
- Food and Beverages
- Pharmaceuticals
- Cosmetics
- Others
By Region:
- Eastern Region
- Western Region
- Northern Region
- Southern Region
For More Information, refer to below link: –
North America Flexible Packaging Market Outlook
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