Flexible packaging in North America continues to grow fueled by industry expansion in the United States. It is the nation’s second largest packaging segment, garnering about 18 percent of the $150 billion packaging market.
Because of a growing consumer focus on convenience and sustainability, general flexible packaging use has been growing rapidly in North America both in absolute and percentage terms. It is perceived. It is no longer just a low-cost option to package industrial goods and produce. It has become more popular than traditional options, frequently replacing metal cans, glass and rigid plastic bottles, and cartons.
North American Flexible Packaging Market – 2013
Mexico is gaining market share from other packaging formats such as rigid packaging. This growth is projected to continue because flexible packaging, particularly pouch packaging, uses less energy and materials and has lower transport costs, environmental impact and carbon footprint than its rigid counterparts.
North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next five years, according to PCI Films Consulting Ltd., while global consumption is forecast to grow 3.5 percent annually, reaching $231 billion by 2018.
Resins for flexible plastics continue a strong upward trend, as flexible formats replace rigid alternatives in metal, glass and plastic. The choice of materials and material layers is determined by the specific properties and demand.
Thanks to evolving technologies, flexible packaging is increasingly becoming a viable alternative to rigid packaging. On a global level, innovation has impacted how flexible packaging.
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