North America Food Packaging Market Competitive Landscape and Growth Prospects By 2028

North America Food Packaging Industry Overview

The North America Food Packaging market size is expected to reach USD 135.52 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.9% from 2020 to 2028. The market is anticipated to be driven by a surge in demand for food delivery services, coupled with the rapid growth in single-serve and portable food packs.

North America Food Packaging Market Segmentation

Grand View Research has segmented the North America food packaging market on the basis of type, material, application, and country:

Based on the Type Insights, the market is segmented into Rigid and Flexible.

• The rigid packaging solution dominated the market with a share of over 60.0% in 2020. The demand for rigid food packaging is projected to be driven by its applicability and functionality of offering high protection to the packaged food products, such as ready-to-eat food products and single-serve beverages, which are highly popular in North America.
• The emergence of functional beverages, including meal replacers, probiotic beverages, fruits and vegetable-based beverages, and energy and sports drinks, which can be packaged in glass and plastic bottles or metal cans, is likely to add to the growth of the bottles and cans market in North America.
• The flexible packaging segment is likely to witness significant growth during the forecast period. The shrinking household sizes and growing snacking trend are some of the factors that have promoted the demand for flexible packaging solutions, such as peel-off foil, peel-off paper, peel-off plastic, and lids, in the food and beverage industry.

Based on the Material Insights, the market is segmented into Paper & Paper-based, Plastic, Metal, Glass and Others.

• Plastic held the largest share of over 40.0% in 2020. Plastic packaging products such as trays, containers, tubs, wraps, and pouches are extensively utilized in the food and beverage industry for packaging convenience food, frozen meals, carbonated and non-carbonated beverages, and snacks.
• The paper and paper-based segment is expected to register the highest CAGR of 5.5% over the forecast period. This is attributed to the growing adoption of eco-friendly packaging by food companies, coupled with the changing regulatory scenario with an increased emphasis on environmental protection.
• The metal material segment is expected to register a significant growth rate over the forecast period. The usage of aluminum for home packaging has become mainstream with its ability to be cooled and heated for sterilization. Moreover, stringent regulations on the use of plastics are expected to augment the demand for metal packaging solutions over the forecast period.

Based on the Application Insights, the market is segmented into Packaged Food, Food Service Industry and Household.

• The packaged food application segment dominated the North America market in 2020 with a revenue share of over 70.0%. The ongoing innovations in products that use plant-based ingredients, novel flavors, and nutrients are increasing the sales of packaged food items in North America.
• The household segment is expected to exhibit the fastest CAGR of 5.9% during the forecast period. The versatility offered by packaging solutions such as bags, sacks, aluminum films, glass bottles, and containers in the form of heat insulation, moisture resistance, ease of storage, and aroma retention enables their increased use in household food packaging

North America Food Packaging Country Outlook

• U. K.
• Canada
• Mexico

Key Companies Profile & Market Share Insights

Key companies operating in the North America market are majorly adopting acquisition strategies to expand their manufacturing capabilities and geographical presence. The market is highly competitive with the presence of large, medium, and small-sized companies.

Some of the prominent players operating in the North America food packaging market include,

• Amcor plc
• Sealed Air
• Sonoco Products Company
• Berry Global, Inc.
• WestRock Company
• Mondi
• Genpak LLC
• Pactiv LLC
• Chantler Packages
• WINPAK LTD.
• Alpha Packaging
• BE Packaging
• Cheer Pack North America
• Evanesce Packaging Solutions Inc.
• Pacmoore Products Inc.
• Innovative Fiber
• Emmerson Packaging
• PakTech
• Tradepak
• ProAmpac

Order a free sample PDF of the North America Food Packaging Market Intelligence Study, published by Grand View Research.