PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566010
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566010
United States Plastic Packaging Market, By Material; By Product; By Technology; By Application, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
United States Plastic Packaging Market Size Set to Grow at Steady CAGR To Reach USD 133.8 Billion by 2030
United States Plastic Packaging Market is thriving due to a spurring demand for reliable packaging materials from food and beverages, biopharmaceutical, and e-retail sectors.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Plastic Packaging Market size by value at USD 93.99 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Plastic Packaging Market size to expand at a CAGR of 4.10% reaching a value of USD 133.79 billion in 2030. United States Plastic Packaging Market is propelled by the growth of the food and beverages industry, which demands innovative packaging solutions. The surge in e-commerce has increased the need for durable and efficient packaging. Additionally, the healthcare sector's expansion necessitates sterile packaging for pharmaceuticals. Advancements in personal care products also contribute to the market's growth, requiring specialized packaging. Lastly, sustainability efforts are driving the development of eco-friendly packaging alternatives
Opportunity - Development of Sustainable Packaging Solutions
United States Plastic Packaging Market is witnessing a surge in growth driven by the development of sustainable packaging solutions. As environmental concerns rise, there is a growing demand for eco-friendly packaging, leading to innovations in biodegradable and recyclable materials. This shift towards sustainability is meeting consumer preferences and also aligning with regulatory pressures, propelling the market forward as it adapts to the new green economy.
Impact of Escalating Geopolitical Tensions on United States Plastic Packaging Market
United States Plastic Packaging Market faces challenges from escalating geopolitical tensions, which can disrupt supply chains and increase raw material costs. Trade disputes and economic sanctions, such as those seen in the US-China trade war, lead to market volatility and hinder industry growth. Despite these issues, experts suggest a positive outlook, as the industry adapts and shifts towards more sustainable practices in response to these global pressures.
Food & Beverages Is Largest Application Segment
The food & beverages sector holds the largest market share in United States Plastic Packaging Market by application. The sector's dominance is driven by the extensive use of plastic packaging in the food and beverage industry due to its versatility, durability, and ability to preserve the freshness of products. The demand for convenience foods, ready-to-eat meals, and the rising trend of on-the-go consumption contribute significantly to the growth of this segment, making it the most substantial in the market. The other major application segments in United States Plastic Packaging Market include Industrial Packaging, Pharmaceuticals, and Personal & Household Care.
Competitive Landscape
United States Plastic Packaging Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Sigma Plastics Group Inc., Amcor PLC, Berry Global Inc., Sealed Air Corporation, Sonoco Products Company, Proampac LLC, Constantia Flexibles, Centor Inc., Bericap Holdings, and Cascades Flexible Packaging. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States Plastic Packaging Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of United States Plastic Packaging Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Plastic Packaging Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. United States Plastic Packaging Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing demand for convenience and processed foods
- 3.2.1.2. Growth of e-commerce industry
- 3.2.1.3. Rising disposable income
- 3.2.1.4. Advancements in plastic technology
- 3.2.2. Restraints
- 3.2.2.1. Increasing environmental concern
- 3.2.2.2. Fluctuating oil prices
- 3.2.2.3. Competition from alternative packaging materials
- 3.2.3. Opportunities
- 3.2.3.1. Development of sustainable packaging solutions
- 3.2.3.2. Increasing focus on innovation
- 3.2.3.3. Expansion into new markets
- 3.2.4. Challenges
- 3.2.4.1. Stringent regulations on plastic use and waste management
- 3.2.4.2. Consumer preferences for sustainable products
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Plastic Packaging Market: Marketing Strategies
5. United States Plastic Packaging Market: Pricing Analysis
6. United States Plastic Packaging Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Material
- 6.2.1.1. Polyethylene (PE)
- 6.2.1.2. Polyethylene Terephthalate (PET)
- 6.2.1.3. Polypropylene (PP)
- 6.2.1.4. Polystyrene (PS)
- 6.2.1.5. Expanded Polystyrene (EPS)
- 6.2.1.6. Polyvinyl Chloride (PVC)
- 6.2.1.7. Bio-based Plastics
- 6.2.1.8. Others
- 6.2.2. By Product
- 6.2.2.1. Rigid
- 6.2.2.2. Flexible
- 6.2.3. By Technology
- 6.2.3.1. Injection Molding
- 6.2.3.2. Extrusion
- 6.2.3.3. Blow Molding
- 6.2.3.4. Thermoforming
- 6.2.3.5. Others
- 6.2.4. By Application
- 6.2.4.1. Food & Beverages
- 6.2.4.2. Industrial Packaging
- 6.2.4.3. Pharmaceuticals
- 6.2.4.4. Personal & Household Care
- 6.2.4.5. Others
- 6.2.1. By Material
7. Competitive Landscape
- 7.1. List of Key Players and Their Products
- 7.2. United States Plastic Packaging Company Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on United States Plastic Packaging Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. Sigma Plastics Group Inc
- 9.2. Amcor PLC
- 9.3. Berry Global Inc
- 9.4. Sealed Air Corporation
- 9.5. Sonoco Products Company
- 9.6. Proampac LLC
- 9.7. Constantia Flexibles
- 9.8. Centor Inc.
- 9.9. Bericap Holdings
- 9.10. Cascades Flexible Packaging
- 9.11. Other prominent players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 United States Plastic Packaging Segmentation
- Figure 2 United States Plastic Packaging Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 United States Plastic Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 5 United States Plastic Packaging Market Share, By Material, By Value (USD Billion), 2019-2030
- Figure 6 United States Plastic Packaging Market Share, By Product, By Value (USD Billion), 2019-2030
- Figure 7 United States Plastic Packaging Market Share, By Technology, By Value (USD Billion), 2019-2030
- Figure 8 United States Plastic Packaging Market Share, By Application, By Value (USD Billion), 2019-2030
List of Tables
- Table 1 United States Plastic Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 2 United States Plastic Packaging Market Share, By Material, By Value (USD Billion), 2019-2030
- Table 3 United States Plastic Packaging Market Share, By Product, By Value (USD Billion), 2019-2030
- Table 4 United States Plastic Packaging Market Share, By Technology, By Value (USD Billion), 2019-2030
- Table 5 United States Plastic Packaging Market Share, By Application, By Value (USD Billion), 2019-2030
- Table 6 Sigma Plastics Group Inc Company Overview
- Table 7 Sigma Plastics Group Inc Financial Overview
- Table 8 Amcor PLC Company Overview
- Table 9 Amcor PLC Financial Overview
- Table 10 Berry Global Inc Company Overview
- Table 11 Berry Global Inc Financial Overview
- Table 12 Sealed Air Corporation Company Overview
- Table 13 Sealed Air Corporation Financial Overview
- Table 14 Sonoco Products Company - Company Overview
- Table 15 Sonoco Products Company Financial Overview
- Table 16 Proampac LLC Company Overview
- Table 17 Proampac LLC Financial Overview
- Table 18 Constantia Flexibles Company Overview
- Table 19 Constantia Flexibles Financial Overview
- Table 20 Centor Inc. Company Overview
- Table 21 Centor Inc. Financial Overview
- Table 22 Bericap Holdings Company Overview
- Table 23 Bericap Holdings Financial Overview
- Table 24 Cascades Flexible Packaging Company Overview
- Table 25 Cascades Flexible Packaging Financial Overview
