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Tuesday, 23 May 2017
New Research Explores on US Packaging Industry
Trends and Opportunities in the US Packaging Industry: Analysis of changing packaging trends in the Food, Cosmetics and Toiletries, Beverages and Other Industries is a new market research publication announced by Reportstack. This report brings together multiple data sources to provide a comprehensive overview of the Packaging industry in US, as part of our coverage of the industry across 20 countries. It includes Market Overview, Growth in use of Pack Material by Sector, Analysis of Key Packaging Materials, Trends and Future Outlook.
The US Packaging market was valued at 510,726.2 million units in 2016 and is estimated to grow at a CAGR of 1.5% to reach 548,895.2 million units in 2021. Flexible Packages is the largest packaging type accounting for 173,453.3 million units 2016 with a share of 34.0% and estimated to record a CAGR of 1.9% over 2016-2021. A rise in purchasing power among Americans will aid the growth of novel, premium, and eco-friendly products that are packaged in luxurious and/or eco-friendly packages to enhance their look and feel. Some of the key trends noticeable in the US packaging market are sustainable packaging, low-weight packaging, premiumization, single-serve pack sizes and customized packs.
This report brings together multiple data sources to provide a comprehensive overview of the Packaging industry in US, as part of our coverage of the industry across 20 countries. It includes analysis on the following - - Market Overview: Provides an overview of the usage of different packaging materials across different industries in terms of the number of units, packaging share and growth rates during 2011-2021 - Growth in use of Pack Material by Sector: Provides an overview of the shift in the utilization of various packaging materials across sectors during 2016-2021 - Key Packaging Materials: Includes data and analysis - number of units (Millions), volumes (Million kg/lit/units), growth rates - for five packaging types viz. Rigid Plastics, Rigid Metal, Glass, Paper & Board, Flexible Packaging and Others (other than the afore mentioned five types) during 2016-2021. It also covers: - Sub-material: Includes Aluminum, Aluminum foil/paper/plastic, Brick, Flexible Plastic, Gable Top, Glass, HDPE, Metal, Paper, Paper & Board, PET, Plastic, Ready Metal Trays, Shaped, Thin-Walled and Others - Container Type: Includes Aerosol, Jar, Can - Food, Bag/Sachet, Pouch, Tray, Tub, Carton, Film, Tin, Bottle, Box, Blister Pack, Foil, Wrapper, Clamshell, Tube, Can - Composite, Can - Drink, Other Line Items, Sleeve, Can - Paint, Keg/Drum, Cup, Bag-in-Box, Specialty Cosmetic Containers and Others - Closure Material: Includes Metal, natural, Plastic, Synthetic and Others - Closure Type: Includes Cap, Twist Off, Prize Off, Foil, Film, Screw Top, Stopper, Dispenser, Flip/Snap Top, Sports Cap, Plastic Tie, Crown, Lever Closure and Others - Outer Material: Includes Flexible, Paper & Board, Rigid Plastic and Others - Outer Type: Includes Box, Sleeve, Bag, Shrink Wrap, Blister Pack and Others - Trends, Case Studies and Future Outlook: Provides an understanding of the ongoing packaging trends in the country - convenience, affordability, multi-packs, eco-friendly etc.- across the five packaging materials. The report also provides a view into the future prospects of the packaging industry. The case studies in each packaging section gives a success example highlighting the packaging innovations, strategies and best practices
Reasons to buy
- Packaging companies and retailers seek the latest information on consumer trends and opportunities to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the CPG market. - As consumer product demand evolves the dynamics between different packaging types also evolves favoring some packaging types and formats and leaving others increasingly out of line with demand patterns. As a result, understanding the shifting market dynamics is key to ensuring maximum sales in the future. - The differential growth across different packaging materials and formats drive fundamental shifts in the market. These differentials result from various factors such as changing consumer preferences, regulatory compliance, and innovation within the packaging market - The report is a unique combination of in-depth qualitative analysis and authoritative packaging data for the years 2011-2021. Each packaging material has detailed data breakdown by packaging type, closure material, closure type, outer material, and outer type.