North America Flexible Packaging Market: Market Research by Knowledge Sourcing Intelligence

The North America Flexible Packaging market is projected to witness the growth at a decent CAGR during the forecast period. High market share is attributed to various factors like high disposable income, modernized retail format, and consumer preference for packed food. The demand for small size packs owing to limited shelf space and growing manufacturing sectors further contribute to the regional market growth. By application, both food and beverage packaging accounts for high market share owing to the high demand for easy-to-use and instant food. The continuous technology advancement and product innovation are expected to upsurge the market growth over the projected period. However, strict environmental regulation might hamper growth.
north america flexible packaging market forecast: market research by knowledge sourcing intelligence
North America Flexible Packaging Market Forecast

North America Flexible Packaging Market by Packaging Material:
By Packaging Material, North America Flexible packaging market is segmented as paper, aluminum foil, BOPP film, polyethylene foil, polyethylene terephthalate, and others. Among all the flexible packaging materials, polyethylene terephthalate (PET) accounted for a high market share in 2015 and will also hold a notable position by the end of the forecasted period. This high growth of PET is attributed to the fact that this packaging material is strong yet lightweight, non-reactive, economical, and shatterproof.
By country, the United States accounts for high market share in 2016 and is also expecting a decent growth over the projected period. Stable economic scenario and growing demand for sustainable packaging by end-users contribute to the high market share. The use of modern technologies like nanotechnology and smart and interactive packaging solution further propel United States market growth. The market research provides a detailed analysis of north america flexible packaging market on the basis of the various segment like- by application, by packaging material, etc.

North America Flexible Packaging Market by Application:
On the basis of applications, North America flexible packaging market is segmented into food packaging, beverage packaging, cosmetic and toiletries, pharmaceutical and healthcare and others. Beverage packaging is projected to grow at the high CAGR over the forecast period due to increasing demand for various beverage products and, thereby augmenting the demand for convenient packaging. Moreover, craft beer has been growing in double digits, in the United States, from several years. Thus, the increase in beer production and the number of beer player augment the segment share. 

sample view of north america flexible packaging market forecast: market research by knowledge sourcing intelligence
Sample View of North America Flexible Packaging Market Forecast by Application
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The use of nanotechnology, smart and interactive packaging developments for enhanced communication at the packaging/user interface provide numerous opportunities to providers to improve upon their product.

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