North America Flexible Packaging Market will be worth approximately $43.578 billion by 2024


Posted October 31, 2019 by marketresearch12

Factors that contribute to the growth of the flexible packaging market in this region include improving the economic scenario, high disposable income, rising consumer confidence, along with declining unemployment levels.

 
Knowledge Sourcing Intelligence announces the publication of a new report on North America Flexible Packaging Market – Forecasts from 2019 to 2024. North America Flexible Packaging Market was valued at US$38.548 billion in 2018 and will grow at a CAGR of 2.07% to reach a total market size of US$43.578 billion by 2024. Flexible packaging solutions offer several advantages such as customizable as per the requirement, made from high-grade materials, reusable and production cost is reduced for manufacturers. The report identifies key factors driving the growth of the flexible market in this region which are improving the economic scenario, rising disposable income, increase in consumer confidence along with declining unemployment level. Rising use of stand-up pouches due to lightweight portability and convenience, particularly of single-serve flexible packaging formats has also augmented the demand for flexible packaging solutions. Technological advancement in the development of sophisticated barrier materials is also providing the necessary impetus to the demand for these solutions in the region.

The report has segmented the market on the basis of type, material, end-user industries, and countries. By type, the market is segmented as pouch (stand-up pouch, flat pouch), bag (gusset bag, wicket bag), film, wrap. On the basis of material, the market is segmented as plastic (polyethylene, polypropylene, polystyrene, polyvinyl chloride, others), paper, and aluminum. Furthermore, the research study also analyzes the market by end-user industries such as food & beverage, personal care, pharmaceutical, and others. By countries, the market is segmented as the United States, Canada, and Mexico.


Purchase complete report or request sample: https://www.knowledge-sourcing.com/report/north-america-flexible-packaging-market

Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us help companies to gain the required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

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Tags market research reports , north america flexible packaging market , north america flexible packaging market share , north america flexible packaging market size , packaging
Last Updated November 1, 2019