London, 27 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Flexible Packaging Market in North America 2015-2019, which is expected to grow moderately at a CAGR of 2.93 percent during 2015-2019.
The majority of the revenue in the region is realized from the US because of the presence of large-scale manufacturing processes in the country. As a result of the high demand for packaging products in North America, the import of low-cost flexible packaging products has seen a marked increase in the region.
The demand for consumer goods in packaging with zippers, peel-off lids, spouts, and in microwavable pouches has increased over the years. This has prompted many consumers and industrial goods manufacturers to increase their adoption of advanced, premium, and customized packaging solutions.
“Pouches are made of multi-level laminates to ensure the sterile packaging of various foods and beverages,” says Faisal Ghaus, Vice President of TechNavio.
“Many food and beverage companies, especially non-alcoholic beverage companies, have started adopting retort pouch packaging because it provides immense scope for creation of new designs and sizes and can be customized based on the demand from consumer goods manufacturers.”
Key Market Drivers
- Increased Demand for Plastic-based Flexible Packaging Products
- High Preference for Processed and Packaged Foods
- Customer Convenience
Key Market Trends
- High Demand for High-barrier Flexible Packaging
- Growing Popularity of Sustainable Packaging
- Increased Adoption of Pouch Packaging
Key Market Vendors
- Amcor Ltd
- Bemis Co. Inc.
- Berry Plastics Corp.
- Sealed Air Corp.
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
