U.S. Flexible Packaging Market Size & Outlook, 2023-2030
U.S. flexible packaging market, 2018-2030 (US$M)
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U.S. flexible packaging market highlights
- The U.S. flexible packaging market generated a revenue of USD 63,456.1 million in 2023 and is expected to reach USD 83,509.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Bioplastics is the most lucrative raw material segment registering the fastest growth during the forecast period.
Flexible packaging market data book summary
| Market revenue in 2023 | USD 63,456.1 million |
| Market revenue in 2030 | USD 83,509.4 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, U.S. accounted for 23.4% of the global flexible packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 8,053.4 million by 2030.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. flexible packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexible packaging market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 69.64% in 2023. Horizon Databook has segmented the U.S. flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. flexible packaging market is expected to grow significantly over the forecast period due to the growing demand for packaging of food & beverage and healthcare products. This market is driven by the steady growth of the healthcare, food & beverage, and personal care industries.
Lifestyle and demographic factors are also expected to propel demand for cosmetic products. The application of flexible plastic packaging products in numerous applications has encouraged manufacturers of rigid plastic packaging to shift towards flexible plastic packaging.
The consumption of less energy and a significant decrease in the production of waste has prompted this shift. In addition, the U.S. government agencies are funding projects aimed at reducing carbon emissions and energy consumption which can present a positive outlook for flexible packaging market.
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Target buyers of U.S. flexible packaging market databook
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Our clientele includes a mix of flexible packaging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into U.S. flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. flexible packaging market size, by raw material, 2018-2030 (US$M)
U.S. Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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