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The North America next generation packaging market size reached approximately USD 2.58 billion in 2023. The market is projected to grow at a CAGR of 6.4% between 2024 and 2032, reaching a value of USD 4.55 billion.
As per the North America next generation packaging market analysis, packaging with temperature indicators is expected to lead the market demand. This is because temperature sensing is crucial to pharmaceutical products, which can get spoilt under unfavourable conditions. Product tracking is also expected to account for a significant market share with increasing concerns surrounding supply chain management, transparency, and timely delivery of products.
The heightened sales of packaged food in North America are expected to add to the demand for next-gen packaging to reduce the chances of spoilage and increase the shelf life of food and beverage products. This is expected to contribute to the demand for modified atmosphere packaging for food shipment in the coming years.
Further, shift towards sustainability is expected to influence the North America next generation packaging market growth. Innovative packaging materials like mycelium are considered extremely sustainable and consumers are willing to pay a higher price for it. Moreover, companies like Ecovative are engaged in manufacturing and supplying mushroom packaging products to multiple Fortune 500 companies.
Furthermore, the United States of America is expected to witness increased demand for smart packaging. This is supported by the rapid growth of the e-commerce sector, robust logistics and supply chain infrastructure, advanced technological capabilities, and stringent government regulations restricting improper handling and disposal of packaging and packaging waste in the region. In Canada, there is a surge in demand for advanced packaging that can make shipping and parcel tracking more transparent while safeguarding consumer identity and other sensitive information.
North America Next Generation Packaging Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Function
Market Breakup by Material
Market Breakup by Application
Market Breakup by Country
The market participants offer smart and sustainable packaging solutions to meet the needs of diverse industries.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Function |
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Breakup by Material |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Next Generation Packaging Market Overview
8.1 Key Industry Highlights
8.2 Global Next Generation Packaging Historical Market (2018-2023)
8.3 Global Next Generation Packaging Market Forecast (2024-2032)
8.4 Global Next Generation Packaging Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Next Generation Packaging Market Overview
9.1 Key Industry Highlights
9.2 North America Next Generation Packaging Historical Market (2018-2023)
9.3 North America Next Generation Packaging Market Forecast (2024-2032)
10 North America Next Generation Packaging Market by Type
10.1 Active Packaging
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Gas Scavengers
10.1.3.2 Gas Emitters
10.1.3.3 Antimicrobials
10.1.3.4 Others
10.2 Intelligent Packaging
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Sensors
10.2.3.2 Indicators
10.2.3.3 Tags
10.3 Modified Atmosphere Packaging
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 North America Next Generation Packaging Market by Function
11.1 Moisture Control
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Temperature Indicators
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Shelf Life Sensing
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Product Tracking
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 North America Next Generation Packaging Market by Material
12.1 Plastic Paper
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Corrugated Board
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 North America Next Generation Packaging Market by Application
13.1 Food and Beverages
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Personal Care
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Healthcare
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Logistics and Supply Chain
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 North America Next Generation Packaging Market by Country
14.1 United States of America
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Canada
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Amcor Plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Sealed Air Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Constantia Flexibles Holding GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Avery Dennison Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Tetra Laval Group
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 WestRock Company
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Huhtamäki Oyj
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Desiccare, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Next Generation Packaging Market: Key Industry Highlights, 2018 and 2032
2. North America Next Generation Packaging Market: Key Industry Highlights, 2018 and 2032
3. North America Next Generation Packaging Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Next Generation Packaging Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Next Generation Packaging Historical Market: Breakup by Function (USD Billion), 2018-2023
6. North America Next Generation Packaging Market Forecast: Breakup by Function (USD Billion), 2024-2032
7. North America Next Generation Packaging Historical Market: Breakup by Material (USD Billion), 2018-2023
8. North America Next Generation Packaging Market Forecast: Breakup by Material (USD Billion), 2024-2032
9. North America Next Generation Packaging Historical Market: Breakup by Application (USD Billion), 2018-2023
10. North America Next Generation Packaging Market Forecast: Breakup by Application (USD Billion), 2024-2032
11. North America Next Generation Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
12. North America Next Generation Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. North America Next Generation Packaging Market Structure
In 2023, the market reached an approximate value of USD 2.58 billion.
The market is estimated to grow at a CAGR of 6.4 % between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4.55 billion by 2032.
The market is being driven by the growth of the e-commerce sector, development of innovative packaging solutions, and consumer demand for ensuring better traceability and quality management of products.
The key trends aiding the market expansion include the integration of blockchain technology into packaging and improvements in logistics infrastructure, along with the growing trend of automation within the sector.
The major classifications based on function include moisture control, temperature indicators, shelf life sensing, and product tracking, among others.
The major applications of next generation packaging include food and beverages, personal care, healthcare, and logistics and supply chain, among others.
The major players in the market are Amcor Plc, Sealed Air Corporation, Constantia Flexibles Holding GmbH, Avery Dennison Corporation, Tetra Laval Group, WestRock Company, Huhtamäki Oyj, and Desiccare, Inc., among others.
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