The US packaging industry is anticipated to exhibit considerable CAGR of 3.5% during the forecast period. The high demand from the beverage manufacturing industry is a major factor driving the demand for the beverage packaging industry in the country. Stringent government regulations in the country regarding environmental safety have placed restrictions on the manufacturing and disposal of synthetic polymers including plastic, and other harmful chemicals. As plastics and other polymers are the highly used packaging materials owing to their un-reactive characteristics. To cope up with these regulations regarding minimal use of plastic and other harmful polymers the beverage manufacturing companies are focusing on innovative packaging solutions to make them convenient for the consumers.
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This in turn is driving the huge adoption of bioplastics in the country. In addition, changing consumer preferences are leading to an increased utility of packaging materials to enhance strength, sealing, heat insulation, aroma retention, heat insulation, and barrier against moisture. The effective incorporation of active and intelligent systems in beverage packaging is further anticipated to drive the market for the US packaging industry. Crown Holdings, Mondi Group, Rexam PLC, Reynolds Group Holdings, RPC Group, and Sonoco Products Company are the key players operating in the US beverage packaging industry.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Material Type, By End-User Industry Vertical
- Competitive Landscape- Ball Corp., Ardagh Group S.A., Silgan Containers, Crown Holdings Inc., Berry Global Inc.
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?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
The US Packaging Industry Market report Segment
By Material Type
- Plastic
- Metal
- Paper
- Glass
By End-User Vertical
- Food
- Beverage
- Healthcare
- Cosmetics & Personal Care
- Industrial
- Others (Household Items)
A full report of US Packaging Industry Market is available at: https://www.omrglobal.com/industry-reports/us-packaging-industry-market
