North America Plastic Packaging Market Size & Outlook
North America plastic packaging market, 2018-2030 (US$M)
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North America plastic packaging market highlights
- The North America plastic packaging market generated a revenue of USD 85,020.0 million in 2023.
- The market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, polyethylene terephthalate (pet) was the largest revenue generating material in 2023.
- Bioplastics is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 85,020.0 million |
| Market revenue in 2030 | USD 106,130.0 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene terephthalate (pet) |
| Fastest growing segment | Bioplastics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene Terephthalate (PET), Polyethylene (PE), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), Bioplastics |
Other key industry trends
- In terms of revenue, North America region accounted for 22.1% of the global plastic packaging market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 223,940.0 million by 2030.
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Plastic Packaging Market Scope
Plastic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America plastic 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 plastic packaging market will help companies and investors design strategic landscapes.
Polyethylene terephthalate (pet) was the largest segment with a revenue share of 32.47% in 2023. Horizon Databook has segmented the North America plastic packaging market based on polyethylene terephthalate (pet), polyethylene (pe), polystyrene (ps), polypropylene (pp), polyvinyl chloride (pvc), bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
Changing customer preferences and the increasing focus on healthy eating are expected to propel the food & beverages industry in North America, thus influencing the demand for plastic packaging in the region. In addition, the introduction of new products by end-use vendors is expected to further impact the demand for plastic packaging in North America.
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Target buyers of North America plastic packaging market databook
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Our clientele includes a mix of plastic 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 continent-level data and insights on the North America plastic packaging market , including forecasts for subscribers. This continent databook contains high-level insights into North America plastic packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America plastic packaging market size, by country, 2018-2030 (US$M)
North America Plastic Packaging Market Outlook Share, 2023 & 2030 (US$M)
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