Packaging Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Packaging market in North America and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Analysts forecast the Packaging market in North America to grow at a CAGR of 2.94 percent over the period 2014-2019.
The Packaging market in North America can be categorized into six segments: Paperboard, Rigid Plastic, Metal, Glass, Flexible Packaging, and Others. Based on application, the Packaging market in North America can be segmented into Food Packaging, Beverage Packaging, Industrial Packaging, Healthcare Packaging, and Others which includes the Personal and Home Care Packaging segments.
The report recognizes the following companies as the key players in the Packaging Market in North America: Amcor Ltd., Ball Corp., Crown Holdings Inc., International Paper Co. and Rock-Tenn Co.
Other Prominent Vendors in the market are: Aptargroup, Ardagh Group, Bemis, Berry Plastics, Blue Ridge Paper Products, Capsugel, Catalent Pharma Solutions, CCL Industries, CKS Packaging, Cosmopak USA, CWS Packaging, DS Smith, Elopak, Exopack Holding, Fabri-Kal, Genpak, Gerresheimer Group, Graphic Packaging Holding, IntraPac Group, MeadWestVaco, Oracle Packaging, Plastipak Industries, Polytainers, Printpack, Reynolds Group Holding, Sealed Air, Smurfit Kappa Group, Solo Cup, Sonoco Products, Tetra Laval International, Vacumet, Vitro, West Pharmaceutical Services and Winpak.
Commenting on the report, an analyst from TechNavio's team said: "One major trend emerging in this market is the increase in demand for plastic packaging products. This share is growing primarily because of the increasing preference of consumers and industrial buyers for the convenience, durability, and versatility offered by plastic packaging products. Plastic containers are lightweight, which helps reduce shipping and handling costs for vendors."
According to the report, growing demand in Mexico is one of the factors driving the growth of the Packaging market in North America. The demand for packaging materials is also increasing due to manufacturers shifting their production bases back to North America from developing nations such as China and India.
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