North American Packaging Market

 North America is the world's largest consumer of packaging, with companies including International Paper, Tetrapak, Reynolds Group, Ball Corporation, and Owens-Illinois dominating the market. The North American packaging industry gradually expanded after a slight downturn in 2009. Despite a cautious market attitude in the area, the North American packaging sector is predicted to increase at 1.4 percent over inflation to $186.0 billion by 2017. China BOPP film manufacturer is well known for affordable raw material supplies. Though here, you can find out the market in North America. 

1. Mexico will continue to expand at a rapid pace.

Mexico is expected to expand at the fastest rate of the three North American countries in the short and medium-term. The United States had the most significant market share of the North American packaging market in 2011, with 83.3 percent, ahead of Canada (9.8%) and Mexico (7.0%). The worldwide economic downturn had the most detrimental impact on the United States.

Over the next four years, Mexico is predicted to grow at a rate of 3.1 percent each year on average. Soft drink beverage packaging is a particular area of growth in Mexico's packaging business since it meets customers' expectations who want both adaptability and elegance from their packaging.

2. Paperboard will take the lead in market share.

Despite a more significant drop than most other packaging materials during the recession, particularly in the United States, paperboard has rebounded swiftly and returned to pre-crisis levels. Paperboard accounted for 33.7 percent of overall packaging usage in North America in 2011, while corrugated packaging accounted for most North American paperboard packaging sales.

Corrugated packaging was not only the fastest-growing paperboard industry in 2011, expanding by 4.7 percent, but it also accounted for 64.3 percent of total board consumption. The United States is expected to maintain its 2012 share of North American board packaging sales, expanding at an annual rate of 0.9 percent over inflation to $51.9 billion in 2017.

3. In North America, rigid plastic packaging will continue to succeed.

By 2017, the rigid plastic packaging industry is expected to increase at 2.6 percent per year, resulting in sales of $40 billion and 11.9 million tonnes. With an average yearly growth rate of 4.8 percent, Mexican rigid plastic packaging sales are predicted to surpass Canada's packaging market consumption levels by $45 million in 2017. Rigid plastic packaging is expected to maintain its appeal in the market, with the fastest growth rate among plastics, ahead of PET (Polyethylene Terephthalate) and PE (Polyethylene Terephthalate) (Polyethylene).

The rigid plastic packaging industry is expected to be worth $433.5 billion in 2017, with PE and PET continuing the most popular consumer plastics.

4. Industrial sectors must show signs of revival.

Uncertainties about the North American economy persist, particularly the effects of the European economic crisis and political unrest in oil-producing countries. Falling real estate values and difficulty obtaining finance for future developments have also had a significant impact in the United States. However, after a steep drop in demand in 2009, the industrial industries recovered. Real estate values are beginning to recover as well.

In the future years, growth rates for industrial packaging are expected to be similar to those for consumer packaging. By 2017, industrial packaging is predicted to grow at 1.2 percent per year over inflation, reaching $62.5 million.

5. The rise of ready-to-sell packaging

RRP refers to packaging provided to a retailer as a self-contained unit that is instantly ready for on-shelf product display without the need for assembly or unpacking. This packaging style creates an appealing structure that advertises and showcases a product while also lowering operating expenses because the shipping box comes shelf-ready.