United States Plastic Packaging Market Size Set to Grow at Steady CAGR To Reach USD 133.8 Billion by 2030

Published | 31 August 2024

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.

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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.

Don’t miss the business opportunity United States Plastic Packaging Market. Consult our analysts to gain crucial insights and facilitate your business growth.

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.

Scope of the Report

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