Published on : Sep 04, 2019
Albany, New York, September 4, 2019: The US Packaging industry is expected to witness a sustained growth in a many sectors, including aluminum foil, air less, pharmaceutical, namely. Eco-friendly solutions and alternatives are a few of the trends fueling growth in the US packaging industry, including biodegradable, non-toxic and limited waste packaging features.
These insights are according to the intelligence report, titled, “Trends and Opportunities in the US Packaging Industry,” which has been freshly added to Market Research Hub’s (MRH) overarching repository.
There has been notable rise in the number of new FDA-approved drugs, thereby resulting in surged demand for pharmaceutical packaging. Moreover, introduction of smart packaging technologies has fared well for the development of packaging industry in the US for it propels convenience and helps counter medicine counterfeiting.
With quick service restaurants taking the packaging industry by storm, production of aluminum containers has skyrocketed across the globe. Nonetheless, aluminum is a highly sought-after packaging solution owing to its fire resistant, light weight, recyclable and non-toxic properties.
Even though packaging remains a secondary consideration for brands, manufacturers, and retailers, packaging with novel technologies, innate design and new materials—smart packaging—is slated to disrupt the business models. Businesses perceive smart packaging as a holistic solution to redefine and propel supply chain.
Mergers and Acquisitions Witnessed
In March 2019, Olympus Partners’ portfolio company Liqui-Box Corporation announced strategic plans to acquire Plastic Division of DS Smith Plc to bolster rigid and flexible packaging. On the other hand, January 2019 witnessed acquisition of DISC Graphics, Inc. by Oliver Printing & Packaging Co., (Oliver).
US Packaging Industry: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the US packaging industry. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the US packaging industry. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on US packaging industry.
An insightful and deep-dive assessment of the competitive assessment of the US packaging industry pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the US packaging industry. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
US Packaging Industry: Research Methodology
Primary sources and secondary sources propel intelligence report on US packaging industry that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on US packaging industry further acknowledges secondary sources—namely—Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.
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