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Rigid plastic and flexible plastic packaging products account for a large share in the containers and packaging market in the US according to the new report “Containers and Packaging Market in the US 2012-2016” from ReportsnReports (reportsnreports.com). This share is increasing primarily because of the increasing preference of using plastic as a raw material in packages by industrial buyers and the preference for plastic packaging products by consumers. In addition, plastic packaging is replacing glass containers and metal packages, which is, therefore, fostering the demand for plastic packaging products and solutions. One of the major reasons for this increasing adoption is the versatility and durability provided by plastic. Also as plastic containers are lightweight, this helps reduce shipping and handling costs for vendors. The demand for plastic is also expected to be influenced by an increase in the demand for convenience packaged foods by consumers across the country. Hence, the demand for plastic packaging products is expected to have a positive impact on the growth of the Containers and Packaging market in the US during the forecast period.
According to the report, one of the main drivers in this market is the increasing demand for convenient packaged products by consumers. The consumers look for products which are easy to open, store, and dispose of. Hence, the demand for more convenient packaging solutions is increasing the growth of this market in the US.
Further, the report states that one of the main challenges hindering the growth of this market is its highly fragmented nature. The numerous vendors present in the market compete against each other on product price, sustainability, and compete to increase their market reach and gain consumers.