The key factors that drive the growth of the US food packaging industry include the increasing focus of food packaging manufacturers towards innovations. The key companies across the country are also inclined towards expanding its packaging capabilities via several mergers and acquisitions. For instance, in October 2018, Hearthside Food Solutions, LLC signed an agreement to acquire Greencore USA’s packaging business. Thus, this is likely to enhance the company’s food packaging business as well as contribute to the growth of the market over the forecast period.
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Further, the key players including American Packaging Corp., Ball Corp., Bemis Co. Inc., Berry Global Inc., International Paper Co., Mondi Plc, Sealed Air Corp., Smurfit Kappa Group, and Sonoco Products Co., are contributing towards the US food packaging market growth. These players are emphasizing on the factors such as convenience and utilization of high-performance material, which demands the advanced packaging materials. Besides, the key players are also adopting advanced packaging techniques for improved shelf-life, heightened efficiency in the prevention of content contamination. Thus, these factors altogether contribute to the overall growth of the US food packaging market over the forecast period.
Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Material, By Packaging, and Application
- Competitive Landscape- Ball Corp., Berry Global, Inc., Sealed Air Corp., International Paper Co., American Packaging Corp., and others
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 scenario
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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US Food Packaging Market – Segmentation
By Material
- Plastic
- Paper & Paperboard
- Others
By Packaging
- Flexible Packaging
- Semi-Rigid Packaging
- Rigid Packaging
By Application
- Dairy Products
- Fruits & Vegetables
- Bakery & Confectionery
- Poultry & Meat Products
- Convenience Food
- Others
Company Profiles
- Alcoa Corp.
- Overview
- Alcoa Corp. in Food Packaging Landscape
- Recent Developments
- Amcor Plc
- American Packaging Corp.
- AmeriPak Inc.
- Ball Corp.
- Bemis Co. Inc.
- Berry Global, Inc.
- Crown Holdings Inc.
- Graham Packaging Co. Inc.
- Intrapac International LLC
- International Paper Co.
- Mondi Plc
- Sealed Air Corp.
- Smurfit Kappa Group
- Sonoco Products Co.
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