Trends and opportunities in the US packaging industry: a comprehensive overview of the packaging industry in the USA over the period 2021-2026.
The report includes data, analysis, and trends (number of units-millions), growth rates) for five packaging materials: rigid plastic, rigid metal, glass, paper&board, flexible packaging, and others (other than the five types mentioned above), including package types, closure types, and outer material.
It also covers: pack sub-type, pack type, closure material, closure type, primary outer material and primary outer type.
The packaging industry in US is set to increase from 713.7 billion units in 2021 to 764.5 billion units by 2026, growing at a CAGR of 1.4%.
In 2021, rigid plastics garnered the maximum share of 30.3%, followed by flexible packaging and rigid metal packaging with shares of 27.9% and 19.5%, respectively. During 2021–2026, rigid metal pack material is expected to record the highest growth at a CAGR 2.8%. Growth in this packaging can be attributed ability of metal to protect contents within from light and its high recyclability making it sustainable. Additionally, metal cans in the beverages industry (both non-alcoholic and alcoholic beverages) are widely used for their portability and convenience which allow on-the-go consumption.
Flexible packaging and rigid plastics are anticipated to record growth at CAGRs of 1.6% and 1.2%, respectively, during 2021–2026.