From 8 to 11 October 2019, the interpack alliance ‘process expo’ trade fair opened its doors once again in Chicago and thousands of experts from around the world came together to exchange innovations and trends in the fields of food, beverage and pharmaceutical packaging. In this context, we take a look at today’s US packaging market and provide an outlook on future trends.
CONSTANT GROWTH ON THE US PACKAGING MARKET
Between 2019 and 2023, sales on the packaging market are expected to increase by 278.59 billion US dollars worldwide. Of these, a total increase of 315 billion dollars has been forecast for the US packaging industry by 2025. In the field of flexible packaging alone, the United States’ share makes up around a third of global sales – with a further average annual increase of 3.8 percent forecast for the future. Packaging made of plastic is used particularly frequently.
PACKAGING FOR FOOD AND BEVERAGES
The global market volume for food packaging was listed at 277.9 billion dollars in 2017; an average annual growth of 5.1 percent by 2025 has been forecast.
In 2018, sales in North America reached around 18.6 million US dollars. By 2027, these are expected to increase to 31.69 US dollars. This equates to an annual average of six percent.
In 2016, 514.55 million tonnes were consumed; this is expected to increase slightly to 551.32 million tonnes by 2022. This is the equivalent of around 100 Burj Khalifa hotels in Dubai with 200 storeys each.