US Food Packaging Market Size | COVID-19 Impact Analysis | Forecast to 2026
The US food packaging market is projected to grow at a CAGR of 5.3% during the forecast period. The key factors that drive the growth of the US food packaging industry include the increasing focus of food packaging manufacturers towards innovations. The key companies across the country are also inclined towards expanding its packaging capabilities via several mergers and acquisitions. For instance, in October 2018, Hearthside Food Solutions, LLC signed an agreement to acquire Greencore USA’s packaging business. Thus, this is likely to enhance the company’s food packaging business as well as contribute to the growth of the market over the forecast period.
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Packaging Market:
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Further, the key players
including American Packaging Corp., Ball Corp., Bemis Co. Inc., Berry Global
Inc., International Paper Co., Mondi Plc, Sealed Air Corp., Smurfit Kappa
Group, and Sonoco Products Co., are contributing towards the US food packaging
market growth. These players are emphasizing on the factors such as convenience
and utilization of high-performance material, which demands the advanced
packaging materials. Besides, the key players are also adopting advanced
packaging techniques for improved shelf-life, heightened efficiency in the
prevention of content contamination. Thus, these factors altogether contribute
to the overall growth of the US food packaging market over the forecast
period.
Market Coverage
·
Market number available for – 2019-2026
·
Base year- 2019
·
Forecast period- 2020-2026
·
Segment Covered- By Material, By Packaging, and
Application
·
Competitive Landscape- Ball Corp., Berry Global,
Inc., Sealed Air Corp., International Paper Co., American Packaging Corp., and
others
Key questions addressed by the report
·
What is the market growth rate?
·
Which segment dominates the market in the base
year?
·
Which segment will project the fastest growth in
the market?
·
How COVID-19 impacted the market?
·
Recovery Timeline
·
Deviation from the pre-COVID-19 scenario
·
Most affected segment
·
Who is the leader in the market?
·
How players are addressing challenges to sustain
growth?
·
Where is the investment opportunity?
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US Food Packaging Market – Segmentation
By Material
·
Plastic
·
Paper & Paperboard
·
Others
By Packaging
·
Flexible Packaging
·
Semi-Rigid Packaging
·
Rigid Packaging
By Application
·
Dairy Products
·
Fruits & Vegetables
·
Bakery & Confectionery
·
Poultry & Meat Products
·
Convenience Food
·
Others
Company Profiles
·
Alcoa Corp.
·
Overview
·
Alcoa Corp. in Food Packaging Landscape
·
Recent Developments
·
Amcor Plc
·
American Packaging Corp.
·
AmeriPak Inc.
·
Ball Corp.
·
Bemis Co. Inc.
·
Berry Global, Inc.
·
Crown Holdings Inc.
·
Graham Packaging Co. Inc.
·
Intrapac International LLC
·
International Paper Co.
·
Mondi Plc
·
Sealed Air Corp.
·
Smurfit Kappa Group
·
Sonoco Products Co.
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