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Freedonia Market Research Press Releases US Packaging Demand to Rise 3.5% Annually in Nominal Terms to 2022

US Packaging Demand to Rise 3.5% Annually in Nominal Terms to 2022

by Corinne Gangloff

January 21, 2019

Cleveland, OH,  January 21, 2019 — Demand for packaging in the US is forecast to increase 3.5% yearly in nominal terms through 2022, according to Packaging: United States, a report recently released by Freedonia Focus Reports. Advances will be driven by rising demand for high-quality food and beverage products as well as increased production of biologic pharmaceuticals, which tend to feature higher quality packaging for presentation and safety purposes, respectively. Meanwhile, meal kits will represent a boom opportunity, and tariffs on aluminum and steel represent an existential threat. In the background, industry giants Amcor and Bemis plan to combine.

However, the long-term trend of outsourcing US manufacturing and packaging operations to developing economies that offer lower-cost production will continue to restrain faster advances for US manufacturing and industrial packaging.

These and other key insights are featured in Packaging: United States. This report forecasts to 2022 US packaging demand and shipments in nominal US dollars at the manufacturer level. Total demand is segmented by market in terms of:

  • food
  • beverages
  • pharmaceuticals
  • foodservice disposables
  • other markets such as automotive chemicals, lawn and garden consumables, and personal care products

Total shipments are segmented by material as follows:

  • paper
  • plastic
  • metal
  • glass and wood

To illustrate historical trends, total demand, total shipments, and the various segments are provided in annual series from 2007 to 2017.

Pharmaceutical packaging demand is measured in terms of the value of finished packaging sold by merchant companies and produced or assembled internally by pharmaceutical manufacturers and contract packaging firms. Geographic scope of pharmaceutical packaging demand includes Puerto Rico. Most major multinational drug makers operate production facilities and consume a significant volume of packaging in that territory.

This report excludes nonliquid beverages (e.g., powdered and condensed milk), shrinkwrapped food items, tray and film combinations (such as those used in meat packaging), and pallets. Re-exports of packaging are excluded from demand and trade figures.

More information about the report is available at:

https://www.freedoniafocusreports.com/Packaging-United-States-FF30035/

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