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The North America next generation packaging market size reached approximately USD 2.58 billion in 2023. The market is projected to grow at a CAGR of 6.4% between 2024 and 2032, reaching a value of USD 4.55 billion.
As per the North America next generation packaging market analysis, packaging with temperature indicators is expected to lead the market demand. This is because temperature sensing is crucial to pharmaceutical products, which can get spoilt under unfavourable conditions. Product tracking is also expected to account for a significant market share with increasing concerns surrounding supply chain management, transparency, and timely delivery of products.
The heightened sales of packaged food in North America are expected to add to the demand for next-gen packaging to reduce the chances of spoilage and increase the shelf life of food and beverage products. This is expected to contribute to the demand for modified atmosphere packaging for food shipment in the coming years.
Further, shift towards sustainability is expected to influence the North America next generation packaging market growth. Innovative packaging materials like mycelium are considered extremely sustainable and consumers are willing to pay a higher price for it. Moreover, companies like Ecovative are engaged in manufacturing and supplying mushroom packaging products to multiple Fortune 500 companies.
Furthermore, the United States of America is expected to witness increased demand for smart packaging. This is supported by the rapid growth of the e-commerce sector, robust logistics and supply chain infrastructure, advanced technological capabilities, and stringent government regulations restricting improper handling and disposal of packaging and packaging waste in the region. In Canada, there is a surge in demand for advanced packaging that can make shipping and parcel tracking more transparent while safeguarding consumer identity and other sensitive information.
North America Next Generation Packaging Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Function
Market Breakup by Material
Market Breakup by Application
Market Breakup by Country
The market participants offer smart and sustainable packaging solutions to meet the needs of diverse industries.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Function |
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| Breakup by Material |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 2.58 billion.
The market is estimated to grow at a CAGR of 6.4 % between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4.55 billion by 2032.
The market is being driven by the growth of the e-commerce sector, development of innovative packaging solutions, and consumer demand for ensuring better traceability and quality management of products.
The key trends aiding the market expansion include the integration of blockchain technology into packaging and improvements in logistics infrastructure, along with the growing trend of automation within the sector.
The major classifications based on function include moisture control, temperature indicators, shelf life sensing, and product tracking, among others.
The major applications of next generation packaging include food and beverages, personal care, healthcare, and logistics and supply chain, among others.
The major players in the market are Amcor Plc, Sealed Air Corporation, Constantia Flexibles Holding GmbH, Avery Dennison Corporation, Tetra Laval Group, WestRock Company, Huhtamäki Oyj, and Desiccare, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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