- The key vendors in the flexible packaging market in North America for food products 2015-2019 are Amcor Ltd., Bemis Co. Inc., Berry Plastics Corp. and Sealed Air Corp.
London, 01 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the flexible packaging market in North America for food products 2015-2019. High demand for high-barrier flexible packaging is one of the key trends upcoming in the market. High-barrier flexible packaging is better in terms of quality than other packaging products because specialized coatings and laminated structures along with resins are used to develop this form of packaging. The flexible packaging market in North America for food products is expected to grow moderately at a CAGR of 5.72% during 2014-2019.
The market in North America is expected to grow rapidly during the forecast period because of the rise in demand for small packs or single serving packaging options, and stand-up and plastic pouches in the food segment. Factors such as the introduction of sustainable stand-up pouches and the growing infrastructure of contract packagers are expected to drive the market during the forecast period.
“The growing infrastructure of contract packagers is propelling the demand for flexible packaging solutions. Flexible packaging materials such as OPP/CPP, BOPP/PE, and BOPP/BOPP offer innovative flexible solutions, minimizing the risk of breakage and leakage during transportation,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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