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The flexible food packaging market in North America is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Flexible Food Packaging Market in North America 2021-2025: Segmentation
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Flexible Food Packaging Market in North America 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the flexible food packaging market in North America include 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.
The report also covers the following areas:
Factors such as lower cost of production and less plastic waste than rigid packaging, increasing consumer preference for packaged food, and growing demand for high-barrier packaging films will offer immense growth opportunities. However, factors such as fluctuations in the prices of raw materials may threaten the growth of the market.
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Flexible Food Packaging Market in North America 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist flexible food packaging market growth in North America during the next five years
- Estimation of the flexible food packaging market size in North America and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the flexible food packaging market in North America
- 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 over 6% |
Market growth 2021-2025 |
USD 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 the 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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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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