Packaging Market in North America 2017-2021
Packaging refers to the technology of enclosing a product for the purpose of storage, distribution, sales, and use. Products can be packaged using paper, glass, plastic and metal. These packaging products are required to be lightweight, durable, re-sealable, and easily disposable. There is an increase in demand for functional, pre-packaged, and convenient food products. This also boosts the demand for microwavable packaging.
Technavio’s analysts forecast the packaging market in north america to grow at a CAGR of 5.57% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the packaging market in north america for 2017-2021. To calculate the market size, the report considers end-users such as food, beverage, personal care, healthcare and consumer care goods.Technavio's report, Packaging Market in North America 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Packaging Market in North America 2017-2021
Technavio recognizes the following companies as the key players in the packaging market in north america: Amcor, American Packaging, Mondi, International Paper, and Bemis.
Other Prominent Vendors in the market are: Sonoco, Montebello Packaging, CTL Packaging, International Plastics, VisiPak, Alltub, Carolina Retail Packaging, Neopac, Protective Packaging Corp., Accredo Packaging, Container & Packaging Supply, and Transcendia.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is value-added packaging. Value-added packaging provides extra functionality to the product, and brand owners charge extra for it. Consumers are shifting from generic packaging to the one with extra functionality.”
According to the report, one driver in the market is expansion of the e-commerce market. A tremendous change has been witnessed in shopping patterns of people, such as the change from traditional shopping to online shopping. The increase in demand for products online has led to the expansion of the e-commerce market. This has resulted in increased usage of packaging products for the shipment of products sold.
Further, the report states that one challenge in the market is strict government regulations. The federal government has asserted its authority to regulate food, drug, and cosmetic packaging to preserve consumer safety and confidence. There have also been a number of regulatory programs introduced by states or local jurisdictions to reduce the use and disposal of certain packaging materials and mandate the minimum recycling requirements.
Amcor, American Packaging, Mondi, International Paper, Bemis, Sonoco, Montebello Packaging, CTL Packaging, International Plastics, VisiPak, Alltub, Carolina Retail Packaging, Neopac, Protective Packaging Corp., Accredo Packaging, Container & Packaging Supply, and Transcendia.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook