North American consumer packaging market is estimated to grow at a CAGR of 3.8% during the forecast period. North American is the leader in the pharmaceutical industry, coupled with the presence of several large and small pharmaceutical firms in the region. The region is renowned for conducting massive R&D and produce bulk pharmaceuticals. As per the European Federation of Pharmaceutical Industries and Associations (EFPIA), in 2017, North American held 48.1% of the global pharmaceutical sales, compared to 22.2% for Europe. 64.1% of sales of new medicines introduced between 2012-2017 were on the US market, compared to 18.1% on the European market.
As a large number of consumers embracing online shopping, packaging continues to have a key role to provide superior e-commerce experience for both the brand and the consumers. Brands are focusing on re-assess packaging of their products as per the requirements of the online shopper. Corrugated boxes are the most common and extensively used packaging material in the e-commerce sector, as it features high durability, strength, and is generally recyclable. Shifting trend towards sustainable packaging is also a key contributor to the adoption of highly recyclable packaging solutions in the e-commerce sector. Other major driving factors in the market include rising demand for flexible packaging and significant growth in the pharmaceutical industry.
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Market Coverage
- Market number available for 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Material and End-User
- Countries Covered- US and Canada
- Competitive Landscape- Berry Global Group, Inc., Crown Holdings, Inc., Ball Corp., Sealed Air Corp., and Graham Packaging Co.
North American Consumer Packaging Market-Segmentation
By Material
- Plastic
- Paper
- Glass
- Metal
By End-User
- Food
- Beverage
- Healthcare
- Personal Care and Cosmetics
- Household Goods
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North American Consumer Packaging Market– Segment by Country
- US
- Canada
Company Profiles
- Alpha Packaging
- Altium Packaging
- Aptar Group, Inc.
- Ball Corp.
- Berry Global Group, Inc.
- Cardinal Health, Inc.
- Comar, LLC
- Crown Holdings, Inc.
- Graham Packaging Co.
- InterFlex Group
- LLFlex, LLC
- O-I Glass, Inc.
- Pactiv, LLC
- Sealed Air Corp.
- Stanpac
- West Pharmaceutical Services, Inc.
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