The North America Food Packaging Films Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).
The preservation and safeguarding of food are the primary function of plastic wrap in food packing. Food that has been wrapped in plastic can remain fresh for a longer duration and have a longer shelf life. Food is typically shielded by plastic wrap from three dangers: chemical, biological, and physical. Chemical dangers include gases, moisture, as well as light (mechanical damage).
Plastic wrap can help with food preservation and protection as well as waste reduction, food tagging, distribution process simplification, product visibility, and microwave ability. Due to the potential release of harmful compounds from plastic materials into food products, there has been a rise in health concerns. Different materials, including polyethylene, low-density polyethylene, etc., are used to make plastic packaging.
To enhance the quality and properties of plastic materials, additives such as lubricants, UV-absorbers, plasticizers, colorants, and antioxidants are added. In addition, plastic materials are frequently coated and printed during the finishing steps that involve inks and varnishes. Foods are protected from external contamination by the barrier qualities of plastic packaging; however, the additives and coating ingredients can contaminate the food and have negative health effects.
In the region, the food packaging films market is spurring exponentially. When it comes to product innovation in terms of both quality and application development, the North American market has been a pioneer. North America's most developed nations are the United States, Canada, and Mexico. The market for food packaging films will experience growth as a result of factors, like rising disposable income levels, rising demand for convenience foods, increasing costs for single portion packs or tiny packs, improving economic conditions, and rising rates of packaged food consumption.
The US market dominated the North America Food Packaging Films Market by Country in 2021; thereby, achieving a market value of $15.2 billion by 2028. The Canada market is experiencing a CAGR of 8% during (2022 - 2028). Additionally, The Mexico market is exhibiting a CAGR of 7.1% during (2022 - 2028).
Based on Type, the market is segmented into Flexible Packaging Films and Rigid Packaging Films. Based on Material, the market is segmented into Polyethylene, Polypropylene, Polyethylene Terephthalate and Polyamide. Based on Application, the market is segmented into Meat, Poultry & Seafood, Fruits & Vegetables, Bakery & Confectionery, Convenience Foods, Dairy Products and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Food Packaging Films Market is Predict to reach $75.4 Billion by 2028, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amcor Plc., Berry Global Group, Inc., Sealed Air Corporation, Coveris Management GmbH (Sun Capital Partners, Inc.), Mondi Plc., DuPont de Nemours, Inc., DS Smith Plc., WestRock Company, Graphic Packaging Holding Company and Charter Next Generation.
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By Country
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