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The United States flexible plastic packaging market reached approximately USD 50.09 million in 2023. The market is projected to grow at a CAGR of 2.6% between 2024 and 2032, reaching a value of around USD 63.10 million by 2032.
United States Flexible Plastic Packaging Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 50.09 |
Market Size 2032 | USD Billion | 63.10 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 2.6% |
CAGR 2024-2032 - Market by Region | Far West | 3.0% |
CAGR 2024-2032 - Market by Region | Rocky Mountain | 2.8% |
CAGR 2024-2032 - Market by Material | Polyethylene | 2.9% |
CAGR 2024-2032 - Market by Application | Food and Beverage | 3.0% |
Market Share by Region | New England | XX% |
The United States flexible plastic packaging market value is increasing due to the rapid growth of the packaging sector in the country. According to industry reports, flexible packaging holds around about 21% of the total U.S. packaging market value, to be the second largest packaging segment in the country. The food (retail and institutional) sector is the leading consumer of flexible packaging, representing nearly 50% of shipments. Flexible packaging providers vary from small companies with a single unit to large integrated facilities. The top ten states of the US make up around 58% of flexible packaging locations. In 2022, the US flexible packaging market reached a value of USD 42.9 billion, according to the U.S. Flexible Packaging Association. The key trends contributing to the flexible plastic packaging market share in United States include increasing focus on developing sustainable packaging solutions, growing e-commerce sector, and the growth of the home delivery services.
Based on United States flexible plastic packaging industry analysis, the market is segmented by material type, polyethylene is anticipated to exhibit the highest growth rate in the United States flexible plastic packaging market, with a CAGR of 2.9% from 2024 to 2032. Polypropylene follows closely with a projected CAGR of 2.8%, indicating a strong preference for these materials due to their favourable properties and applications in the food and beverage industry. Polyethylene terephthalate is expected to grow at a rate of 2.5%, while other materials will see a growth rate of 2.3%. This highlights the diverse material preferences within the flexible plastic packaging industry to meet various consumer and industry needs.
CAGR 2024-2032 - Market by | Material |
Polyethylene | 2.9% |
Polypropylene | 2.8% |
Polyethylene Terephthalate | 2.5% |
Others | 2.3% |
In terms of application, food and beverage sector is expected to dominate the flexible plastic packaging market with the highest CAGR of 3.0% over the forecast period. The healthcare sector is projected to grow significantly with a CAGR of 2.9%, driven by the increasing demand for flexible packaging solutions in medical and pharmaceutical applications. The personal care segment is expected to see a growth rate of 2.7%, while other distribution channels will grow at a rate of 2.3%. This underscores the broad application and increasing flexible plastic packaging demand across various sectors in the United States.
CAGR 2024-2032 - Market by | Application |
Food and Beverage | 3.0% |
Healthcare | 2.9% |
Personal Care | 2.7% |
Others | 2.3% |
Regionally, The United States flexible plastic packaging market is expected to exhibit varying growth rates across different regions from 2024 to 2032. The Far West region is projected to lead with the highest compound annual growth rate (CAGR) of 3.0%, followed by the Rocky Mountain region at 2.8%. The Southwest and Southeast regions will also experience notable growth with CAGRs of 2.7% and 2.6%, respectively. Other regions, including New England (2.4%), the Mideast (2.2%), the Plains (2.1%), and the Great Lakes (2.0%), will contribute to the demand of United States flexible plastic packaging market.
CAGR 2024-2032 - Market by | Region |
Far West | 3.0% |
Rocky Mountain | 2.8% |
Southwest | 2.7% |
Southeast | 2.6% |
New England | 2.4% |
Mideast | 2.2% |
Plains | 2.1% |
Great Lakes | 2.0% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States flexible plastic packaging market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States flexible plastic packaging industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States flexible plastic packaging market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States flexible plastic packaging market landscape.
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 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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 United States Flexible Plastic Packaging Market Analysis
8.1 Key Industry Highlights
8.2 United States Flexible Plastic Packaging Historical Market (2018-2023)
8.3 United States Flexible Plastic Packaging Market Forecast (2024-2032)
9 United States Flexible Plastic Packaging Market by Type
9.1 Pouches
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Bags
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Wraps
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Others
10 United States Flexible Plastic Packaging Market by Material
10.1 Polyethylene
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Polypropylene
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Polyethylene Terephthalate
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 United States Flexible Plastic Packaging Market by Application
11.1 Food and Beverage
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Healthcare
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Personal Care
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 United States Flexible Plastic Packaging Market by Region
12.1 New England
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mideast
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Great Lakes
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Plains
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Southeast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Southwest
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Rocky Mountain
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Far West
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Amcor plc
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Sealed Air Corporation
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Berry Global Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Bemis Company, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Others
15 Key Trends and Developments in the Market
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