North American Consumer Packaging Market Size | COVID-19 Impact Analysis | Forecast to 2026

North American consumer packaging market is estimated to grow at a CAGR of 3.8% during the forecast period. Expansion of the e-commerce industry is boosting the market growth. As per the US Census Bureau, in the Q1 2020, the US retail e-commerce sales was $160.3 billion, a rise of 2.4% from the Q4 2019. The Q1 2020 e-commerce estimate rose 14.8% from the Q1 of 2019 while total retail sales rose 2.1% in the same period. In the Q1 of 2020, e-commerce sales accounted for 11.8% of total sales. The region has a significant presence of major e-commerce players such as Amazon, eBay, and Walmart. Amazon has a well-established presence in several parts of the world, with comprehensive fulfillment centers and potential customer base.

To Request a Sample of our Report on North American Consumer Packaging Market: https://www.omrglobal.com/request-sample/north-american-consumer-packaging-market-share

As a large number of consumers embracing online shopping, packaging continues to have a key role to provide superior e-commerce experience for both the brand and the consumers. Brands are focusing on re-assess packaging of their products as per the requirements of the online shopper. Corrugated boxes are the most common and extensively used packaging material in the e-commerce sector, as it features high durability, strength, and is generally recyclable. Shifting trend towards sustainable packaging is also a key contributor to the adoption of highly recyclable packaging solutions in the e-commerce sector. Other major driving factors in the market include rising demand for flexible packaging and significant growth in the pharmaceutical industry.

Scope of the North American Consumer Packaging Market

Market Coverage

·        Market number available for 2019-2026

·        Base year- 2019

·        Forecast period- 2020-2026

·        Segment Covered- By Material and End-User

·        Countries Covered- US and Canada 

·        Competitive Landscape- Berry Global Group, Inc., Crown Holdings, Inc., Ball Corp., Sealed Air Corp., and Graham Packaging Co.

Recent Developments in the North American Consumer Packaging Market

·        In January 2020, TricorBraun acquired Minneapolis-based Packaging Solutions, Inc. (PSI), a distributor of rigid packaging distributor that serves several markets, such as personal care, pharmaceutical, and pet food. PSI has 25 years of packaging expertise, with a reputation in stellar packaging and established customer relationships. This acquisition strengthens the position of TricorBraun in the Minneapolis market, offering additional warehouse for constant growth. 

·        In July 2019, Berry Global Group, Inc. acquired RPC Group Plc (RPC), a supplier of plastic packaging. The acquisition of RPC will provide the opportunity for Berry to accelerate its combined expertise in advanced material science, manufacturing technologies, and product development, to create significant value for its shareholders. With this mutual approach, Berry anticipates nearly $150 million in annual synergies. 

Key questions addressed by the report

·        What is the market growth rate?

·        Which segment dominates the market in base year?

·        Which segment will project fastest growth in the market?

·        How COVID-19 impacted the market?

·        Recovery Timeline

·        Deviation from the pre-COVID forecast

·        Most affected country/segment

·        Who is the leader in the market?

·        What are the key strategies adopted by the market players?

·        How players are addressing challenges to sustain growth?

·        Where is the investment opportunity?

·        What are the trends in sustainable packaging?

(Get 15% Discount on Buying this Report)

A full Report of North American Consumer Packaging Market is Available at: https://www.omrglobal.com/industry-reports/north-american-consumer-packaging-market-share

North American Consumer Packaging Market-Segmentation

By Material

·        Plastic

·        Paper

·        Glass

·        Metal

By End-User

·        Food 

·        Beverage

·        Healthcare

·        Personal Care and Cosmetics

·        Household Goods

North American Consumer Packaging Market– Segment by Country

·        US

·        Canada

Company Profiles

·        Alpha Packaging

·        Altium Packaging

·        Aptar Group, Inc.

·        Ball Corp.

·        Berry Global Group, Inc.

·        Cardinal Health, Inc. 

·        Comar, LLC

·        Crown Holdings, Inc.

·        Graham Packaging Co.

·        InterFlex Group

·        LLFlex, LLC

·        O-I Glass, Inc.

·        Pactiv, LLC

·        Sealed Air Corp.

·        Stanpac

·        West Pharmaceutical Services, Inc.

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/north-american-consumer-packaging-market-share

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Comments

Post a Comment

Popular posts from this blog

European Data Backup and Recovery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

  European Data Backup and Recovery Market are expected to reach $5.7 billion in 2027, growing at a CAGR of 9.5% during the forecast period (2021-2027). Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization. Regulations regarding the data localization such as GDPR by the European Union and countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain. These economies are part of the European Union, which covers most of the continent. The aim of the European Union was to increase economic cooperation and encourage free trade among countries. To Request a Sample of our Report on European Data Backup and Recovery Market :   https://www.omrglobal.com/request-sample/european-data-backup-recovery-...
Read more

Insect Repellent Market Is Likely to Experience a Tremendous Growth by 2031

This informative Insect Repellent Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this Insect Repellent Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help o...
Read more

Asia-Pacific Urban Air Mobility Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market. To Request a Sample of our Report on Asia-Pacific Urban Air Mobility Market :   https://www.omrglobal.com/request-sample/asia-pacific-urban-air-mobility-market Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the As...
Read more