Nov 18, 2020   SOURCE: BusinessWire

United States Packaging Growth, Trends, and Forecasts Report 2020-2025 - ResearchAndMarkets.com

The "Packaging Industry in United States - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The Packaging Industry in the United States is expected to grow at a CAGR of 3.5% over the forecast period 2020 to 2025.

The United States is one of the fastest-growing packaging markets in North America. The presence of large packaging companies, such as Amcor Ltd, Mondi PLC, etc., drive investments for innovation and R&D activities in the country. Major trends for packaging on the consumption end incline toward the demographics and demand for convenience packaging.

The differential growth across materials and formats drives the fundamental shifts in the packaging industry. In the United States, these differentials are a by-product of the changing consumer behaviors and product innovation within the market.

Due to the changing consumer habits, the beverage industry in the United States has noticed a substantial growth. According to PMMI's 2018 Beverage Report, the North American beverage industry is expected to grow by 4.5% during 2018-2028. The major portion of the beverage sales in North America is achieved by sellers in the United States.

Companies across the United States are rigorously investing in flexible packaging technology. For instance, in July 2018, American Packaging invested in a digital system for flexible packaging, which is designed to enable greater choice in surfaces, substrates, and technical performance.

The packaging and labeling providers in the United States that cater to the beverage industry are focusing extensively on packaging innovations, as they demonstrate the visual manifestation of the products' positioning, where words, fonts, and images reinforce the image of the brand in people's mind. An effective package and label highlight the unique selling proposition, showcasing everything that sets the product apart.

Globally, the United States is the largest wine-consuming country. According to OIV, production reached a high of 9.4% in 2019 after a dip to 8.18% in 2018. Similarly in 2019, sales from premium wineries in the United States grew by 7.2% compared to the previous year according to Silicon Valley Bank. A key trend for market growth that can be seen in this market is the growing preference for plastic/synthetic corks and screw caps over natural corks.

With the surging demand for food, manufacturers are faced with a substantial opportunity to carve out greater market share. The majority of food production companies are trying to better engage consumers with revamped packaging. The manufacturers are likely to lag if they do not modify their products according to the latest packaging trends, as the economy of the United States is flourishing.

Competitive Landscape

The US packaging industry is highly competitive and consists of several major players. With the rising demand for packaging applications, along with technological advancements across the US economy, many companies are increasing their market presence by expanding their business footprint across the various end-user sectors.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Industry Value Chain Analysis

4.3 Industry Attractiveness - Porter's Five Forces Analysis

4.4 Market Drivers

4.4.1 Increased Demand for Flexible Plastic Packaging Solutions Across End-user Industries

4.4.2 Growth in End-user Industries, such as Food and Beverage and Pharmaceuticals

4.4.3 Rising Demand for Sustainable and Innovative Food Packaging Products

4.5 Market Restraints

4.5.1 Increasing Price Volatility of Raw Materials

4.6 Assessment of Impact of Covid-19 on the Industry

5 US PACKAGING MARKET SEGMENTATION

5.1 End-user Vertical

5.1.1 Food

5.1.2 Beverage

5.1.3 Healthcare

5.1.4 Cosmetics, Personal Care, and Household Care

5.1.5 Industrial

6 US PLASTIC PACKAGING MARKET

6.1 By Material Type

6.1.1 PE (Polyethylene)

6.1.2 PP (Polypropylene)

6.1.3 PVC (Poly Vinyl Chloride)

6.1.4 PET (Polyethylene Terephthalate)

6.1.5 Other Material Types

6.2 By Type

6.2.1 Rigid Plastic Packaging

6.2.1.1 Bottles and Jars

6.2.1.2 Trays and Containers

6.2.1.3 Other Product Types

6.2.2 Flexible Plastic Packaging

6.2.2.1 Pouches

6.2.2.2 Bags

6.2.2.3 Films and Wraps

6.2.2.4 Other Product Types

7 US PAPER PACKAGING MARKET

7.1 By Type

7.1.1 Carton Board

7.1.2 Containerboard and Linerboard

7.1.3 Other Types

8 US GLASS PACKAGING MARKET

9 US METAL PACKAGING MARKET

10 COMPETITIVE LANDSCAPE

10.1 Company Profiles

10.1.1 Mondi Group

10.1.2 Tetra Pak International SA

10.1.3 American Packaging Corporation

10.1.4 Ball Corporation

10.1.5 CCL Container

10.1.6 Sigma Plastics Group Inc.

10.1.7 Amcor PLC

10.1.8 DS Smith PLC

10.1.9 U.S. Packaging & Prapping LLC

10.1.10 Owens Illinois Inc.

10.1.11 Crown Holdings Inc.

10.1.12 Berry Global Inc.

10.1.13 Sealed Air Corporation

10.1.14 Sonoco Products Company

10.1.15 International Paper Company

10.1.16 Graphic Packaging International LLC

10.1.17 Grief Inc.

10.1.18 Proampac LLC

10.1.19 Mauser Packaging Solutions

10.1.20 Stora Enso Oyj

10.1.21 Packaging Corporation of America

10.1.22 Westrock Company

10.1.23 Silgan Holdings Inc.

10.1.24 AptarGroup Inc.

11 INVESTMENT ANALYSIS

12 MARKET OPPORTUNITIES AND FUTURE TRENDS

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