According to a market report by Lucintel, the future of the plastic packaging market in the US looks promising with opportunities in the food & beverages, industrial, pharmaceuticals, and personal & household markets. The major drivers for this market are increasing per capita income, growing consumption of packaged consumer goods, such as beverages and processed foods, growth in pharmaceutical and personal care industry and increasing demand for flexible, transparent, lightweight, cost-effective, and higher product shelf life packaging materials.
In this market, rigid and flexible plastic packaging is used in various end use industries. Rigid plastic packaging will remain the largest segment over the forecast period due to their beneficial properties, such as lightweight, flexibility, and transparency. Increasing adoption of rigid plastics in place of traditional materials such as paperboard, metals, and glass are also driving the demand for plastics packaging
Plastic packaging for the food and beverage market is expected to witness the highest growth due to changing consumer lifestyle and foods, increasing consumption of alcoholic and non-alcoholic products, and rising spending level.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the plastic packaging market in the US by product type and end use industry and has compiled a comprehensive research report titled “Growth Opportunities for the Plastics Packaging Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the plastic packaging market in the US by product type and end use industry as follows:
By Product Type [$ Million Shipment Analysis from 2015 to 2026]:
Rigid Packaging
Flexible Packaging
By End Use Industry [$ Million Shipment Analysis from 2015 to 2026]:
Food & Beverages
Industrial Packaging
Pharmaceuticals
Personal & Household Care
Others
A more than 50 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.