The Flexible Food Packaging Market in North America (2018-2022): Amcor, Bemis, Berry Global, Mondi, and Sealed Air are Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 2, 2018--The “Flexible Food Packaging Market in North America 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The flexible food packaging market in North America is projected to grow at a CAGR of 3% during the period 2018-2022.
It is becoming difficult for the small players to compete with the large vendors, since the big companies are merging and acquiring the small regional players and offering their products at low cost. The number of M&A activities was more in the US than in Canada and Mexico.
Thus, the flexible food packaging market consolidation in North America is identified as a key trend that will boost the growth of the market. According to the report, one of the major drivers for this market is the lower cost of production and lesser plastic waste generated by flexible food packaging than rigid packaging. Food companies are increasingly adopting flexible packaging solutions to reduce their production costs and carbon footprint. Flexible packaging generates 45%-55% less packaging waste than rigid packaging, thereby reducing the harmful effects on the environment. Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in the prices of raw materials used for manufacturing flexible food packaging. The volatility in prices of polymer, aluminum, and paper is hampering the profitability of the flexible food packaging manufacturers which in turn is impeding the growth of the market.
Market TrendsMarket Consolidation Use of Nanotechnology in Food Packaging Advanced Recycling Technologies and Government Initiatives to Reduce Packaging Waste
Key VendorsAmcor Bemis Berry Global Mondi Sealed Air
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Material Type
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/x9wc23/the_flexible_food?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181002005535/en/
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Related Topics:Food Packaging
KEYWORD: NORTH AMERICA
INDUSTRY KEYWORD: MANUFACTURING PACKAGING RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 10/02/2018 07:43 AM/DISC: 10/02/2018 07:43 AM