Growing demand for Convenience Food to accelerate the plastic food packaging in the North America Region!
- Vikas Kumar
- July 28, 2023
- CONSUMER GOODS, NEWS
- North America Plastic Food Packaging Market
- 0 Comments
The demand for convenience food is on the rise in North America, due to busy lifestyles and the need for easy-to-prepare meals. Convenience food is defined as pre-packaged meals or ready-to-eat foods that require minimal preparation time. The demand for plastic food packaging is boosting due to the increase in the demand for ready-to-eat food because plastic packaging provides longer shelf life to the material and helps to them fresh.
Access sample report (including graphs, charts, and figures): https://univdatos.com/report/north-america-plastic-food-packaging-market/get-a-free-sample-form.php?product_id=42548
In addition, the demand for convenience food is rising due to the growing number of working women who have limited time to prepare meals. Many companies are focusing on developing innovative plastic food packaging solutions that cater to the growing demand for convenience food. Also, many companies are developing biodegradable and compostable plastic food packaging that is more environmentally friendly than traditional plastic food packaging. For instance, in 2021, Berry Global Group launched a new range of sustainable packaging solutions, including biodegradable and compostable plastic food packaging.
Moreover, the surge in online food ordering in the region has escalated the plastic packaging which keeps the food safe, fresh, and safer during transportation. Therefore, key market players are focusing on creating recyclable plastic to reduce plastic pollution and this initiative also helps in achieving the emission targets by 2030. In addition, key player in plastic food packaging market in North America is witnessing an increasing trend of investments by packaging companies in recent years. The increasing investments by packaging companies have led to the development of new and innovative plastic packaging materials, which are more sustainable and eco-friendlier. For instance:
· In 2021, Amcor announced a $50 million investment in a new facility in Wisconsin, USA, which produce plastic packaging for food and beverage products.
· In 2021, Sonoco invested $20 million in its Hartsville, South Carolina plant to support the growth of its EnviroSense line of sustainable packaging products.
North America Plastic Food Packaging Market Revenue (2020-2028)- USD Mn
For a detailed analysis of the North America Plastic Food Packaging Market browse through @ https://univdatos.com/report/north-america-plastic-food-packaging-market/
· Based on packaging type, the North America plastic food packaging market is segmented into PET (Polyethylene terephthalate), PP (Polypropylene), HDPE (High-Density Polyethylene), and Others. The PET (Polyethylene terephthalate) segment accounted for a significant market share in 2021 and it is estimated that it will grow rapidly during the projected timeframe. PET is lightweight, durable, and transparent which makes this an ideal and harmless choice for packaging food products.
· Based on product type, the North America Plastic Food Packaging Market is divided into cups & bowls, food trays, and others. The cups and bowel segment accounted for a significant market share in 2021 and it is estimated that it will grow rapidly during the projected timeframe. Cups and bowls are widely used for a variety of food and beverage applications, including hot and cold drinks, soups, salads, and desserts. The cups and bowel segment is boosting due to the convenience of carrying them anywhere.
North America Plastic Food Packaging Market Segmentation
Market Insight, by Packaging Type
· PET (Polyethylene terephthalate)
· PP (Polypropylene)
· HDPE (High-Density Polyethylene)
· Others (Polyvinyl chloride, Polystyrene, LDPE, Polycarbonate)
Market Insights, by Product Type
· Cups & Bowls
· Food Trays
· Others (Bags, bottles, & tubes)
Market Insights, by Food Type
· Pet Food
· Dairy Products
· Fruits & Vegetables
· Sauces & Dressings
· Baby Food
· Bakery and Confectionery
· Others (Sea Food, Condiments, Syrups & Honey)
Market Insight, by Countries
· North America
o U.S.
o Canada
o Rest of North America
Top Company Profiles
· ALPLA
· Amcor plc
· Huhtamäki Oyj
· Berry Global Inc
· Silgan Holdings Inc
· Coveris
· Graham Packaging Company
· Greiner Packaging
· PLASTIPAK HOLDINGS, INC
· Printpack
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