North America Flexible paper packaging market: Industry Analysis and Forecast (2024-2030)

North America Flexible paper packaging market Overview:

Flexible paper packaging helps reduce beverage and food waste and allows online retailers to refresh their packaging and improve the e-commerce experience. Unlike other materials such as metals and plastics, flexible paper packaging materials may be reused and recycled fast.North American Governments and organizations are anticipated to play a vital role in influencing the sector by implementing solid environmental rules and standards that encourage the use of recyclable paper-based products.

 

 

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North America Flexible paper packaging market Dynamics:

Market Drivers:

 

Flexible packaging uses fewer resources and energy to package; as a result, they are less expensive and take up 35% less retail shelf space, making them more cost-effective than their counterpart packaging options, such as plastic.

 

They consume less natural resources, produce less energy, and emit fewer greenhouse gases. Flexible paper packaging also lowers product waste and extends shelf-life; for example, mushrooms, potatoes, and onions wrapped in flexible paper packaging ripen more slowly because excess moisture is absorbed and the product is kept dry. Thereby leading to the growth of the North American Flexible paper packaging market.

 

Market Restraints:

 

Some pulp and paper enterprises' forest practices have wreaked havoc on the world's most ecologically significant species. Illegal harvesting and converting high conservation value forests have resulted from unsustainable pulp and paper enterprises.This is still a challenge for the North American flexible paper packaging industry, which is working hard to meet environmental targets.

 

Paper is far more biodegradable than plastic and is relatively easy to recycle. However, it frequently ends up in landfills, where its rate of decomposition is slowed, and it takes up more space than plastic of the same weight. This is another challenge impeding the growth of the North American Flexible paper packaging market.

 

North America Flexible paper packaging market Segment Analysis:

On the basis of Type, the Flexible paper packaging market is segmented into Pouches, Rollstock, Shrink Sleeves, Wraps, and others. In North America, the pouches segment is expected to dominate the flexible paper packaging market by 2030. Pouches are becoming increasingly popular as a result of their adaptability, low weight, and ease of transportation. Food packaging and e-commerce are driving increased demand for pouches, which now account for over 40% of the industry.

 

Apart from pouches, shrink sleeves hold more than 30% of the share in the market. These are convenient as they seamlessly wrap or conform to the shape of the product or container.

 

The Flexible Paper Packaging Market is split into Rotogravure, Flexography, Digital Printing, and Others Based on Technology.

 

Based on printing technology, flexography is predicted to be the largest category in the flexible paper packaging market throughout the forecast period. Due to the low viscosity of flexography inks, the print dries quickly, speeding up the printing process and cutting production costs. It holds around 40% of the market, followed by the flexography segment; the Digital printing segment accounts for 30%. Rotogravure is mainly utilized for the printing of gifting paper. It is widely used in the North American market.

 

On the basis of Application, the Flexible paper packaging market is segmented into Food, Spirits, Other Beverages, Healthcare, Beauty and personal care, and others. The key market for North American Flexible Paper Packaging has been the Food and Beverage industry, which has grown at a CAGR of 5.2 %. Paper packaging is the food industry's most valuable asset. It is both environmentally beneficial and convenient for customers.

 

As a result, there is fierce rivalry in the North American food and beverage business among firms that supply consumers with high-quality items. To preserve food and maintain the nutritional content of goods, many retail outlets employ paper packing materials. Over the forecast period, growth is expected to drive companies to expand their production capacity, resulting in higher product demand for paper packaged goods such as ready-to-eat meals, frozen meals, snacks, and cake mix. Because of the growing number of people purchasing, the industry is likely to rise. North America is a major leader in packed and frozen goods, and hence this factor leads to the growth of the paper packaging market.

 

The beauty and personal care segment holds the 2^nd most significant share in the market. To safely pack cosmetics and other beauty products, paper packaging has become very convenient, keeping in mind the harmful effects of plastic.

 

 

Flexible paper packaging market Regional Insights:

With a market share of more than 41.3%, North America leads the Flexible Paper Packaging Market. The North American Flexible paper packaging market consists of the following states: Massachusetts, Illinois, New Jersey, Maryland, and Connecticut. North America has the largest share, owing to the rising number of beverage makers and a vast number of companies in the area. Paper and paperboard recovery has grown by 81% in the United States and Canada since 1990, with recycling rates of 70% in the US and 80% in Canada.

 

Objective:

 

The objective of the report is to present a comprehensive analysis of the North America Flexible paper packaging market to the stakeholders in the industry. The report provides the most dominant trends in the North American Flexible paper packaging market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in comprehending the North American Flexible paper packaging market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the North America Flexible paper packaging market report is to help understand which market segments, and regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key industry players and their recent developments in the North American Flexible paper packaging market. The report studies the company size, market share, market growth, revenue, production volume, and profits of the key players in the North American Flexible paper packaging market.

 

The report provides Porter's Five Force Model, which helps design the business strategies in the market. The report helps identify how many rivals exist, who they are, and their product quality in the North American Flexible paper packaging market. The report also analyses if the North American Flexible paper packaging market is accessible for a new player to gain a foothold in the market and their entry or exit, and if a few players dominate the market.

 

The report also includes a PESTEL Analysis, which aids in developing company strategies. Political variables help determine how much a government can influence the North American Flexible paper packaging market. Economic variables aid in analyzing economic performance drivers that impact the North American Flexible paper packaging market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North American Flexible paper packaging market is aided by legal factors.

 

North America Flexible paper packaging market Scope:

 

North America’s Flexible paper packaging Market
Market Size in 2023	USD 21.37 Mn.
Market Size in 2030	USD 28.12 Mn.
CAGR (2024-2030)	4%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Pouches Rollstock Shrink Sleeves Wraps Others
	By Technology Rotogravure Flexography Digital Printing Others
	By Application Food Spirits Other beverages Healthcare Beauty and personal care Others
	By State Massachusetts Connecticut Minnesota New jersey New York
Country Scope	United States Canada Mexico

 

North America Flexible paper packaging market Key Players: 

• International Paper Company
• Gordon Paper Company, Inc.
• Canadian Kraft Paper Ltd., a.s.
• McNairn Packaging
• PG Paper Company
• Crown holding
• Ball Corporation
• Berry Global
• WestRock Company