Flexible Packaging Market in North America – Industry Outlook and Forecast 2019-2024

The North America flexible packaging market is expected to reach close to over $42 billion by 2024

The increasing demand for lightweight packaging from food, pharmaceuticals, and other end-users is a major driver for the growth of the North America flexible packaging market. Also, the adoption of advanced packaging, which removes dispensing errors is expected to drive the market. Anti-counterfeiting with the use of barcodes is an important factor driving the use of blister packs in North America flexible packaging market. The increased pressure on F&B, consumers good, and pharmaceutical companies to reduce dependency on plastic is increasing on a regular basis, and the same has been passed on to packaging vendors. Sustainability is not limited to material, but also extends to the production process, logistics, functionality, and end-user of the product. The need to positively impact the environment is high among both buyers and suppliers. Sustainable flexible packaging is currently more dependent on recovering plastic products and recycling them. Bags, pouches, and films are the major products in demand in North America, with the PE, PET, paper, Tyvek, and PA being the materials of choice in healthcare packaging in North America. The wide adoption of blister packaging, replacing the glass and rigid plastics, has resulted in the increased usage of lidding films. Flexible packaging is a solution that has successfully replaced rigid packaging products at many levels. Cost and environmental impact are the major factors for the high demand for lightweight, flexible packaging material.