The US consumer packaging market is estimated to grow at a CAGR of 4.5% during the forecast period. Rising demand for flexible packaging across end-user industries is primarily leveraging market growth. As per the Flexible Packaging Association (FPA), in the US, the flexible packaging industry generated $31.8 billion in sales in 2018. It is the second-largest packaging segment in the country accounted for nearly 19% of the $170 billion US packaging market. Exports held approximately 5-6% of local production. Food (retail and institutional) is the largest market for flexible packaging, accounting for nearly 59% of shipments. Other markets for flexible packaging comprise retail non-food (12%); medical and pharmaceutical (9%), industrial applications (7%); consumer products (8%); and institutional non-food (3%).

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Therefore, flexible packaging is one of the emerging segments of the packaging industry in the country that adds value and marketability to food and non-food products by incorporating the best qualities of paper, plastic, film, and aluminum foil to offer a comprehensive range of protective properties. Flexible packaging increases the shelf life of several products, primarily food, and has a definite eco-friendly profile. Additionally, these kinds of packaging are lightweight, which makes it easy to transport and store at home. Several re-closure and dispensing options allow it to open, hold, store, and re-seal. Owing to its potential features, the US manufacturers are focusing on launching new flexible packaging products to potentially serve the emerging demands in the food and beverage industry. This is further exploring the opportunity for market growth in the country.

Some key players in the market include Berry Global Group, Inc., Ball Corp., Plastipak Holdings, Inc., O-I Glass, Inc., and Graham Packaging Co. These market players are adopting some crucial strategies to expand market share and gain a competitive advantage. For instance, in October 2019, PPC Flexible Packaging LLC declared the acquisition of Popular Ink, LLC. It is the ?fth acquisition of specialty and differentiated ?exible packaging companies by PPC. All acquired businesses have been successfully combined into the PPC Flexible Packaging enterprise and are positioned for growth.

Research Methodology

The market study of the US consumer packaging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. US Consumer Packaging Market Research and Analysis by Material
2. US Consumer Packaging Market Research and Analysis by End-User

The Report covers:

• Comprehensive research methodology of the US consumer packaging market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US consumer packaging market.
• Insights about market determinants which are stimulating the US consumer packaging market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.