What the Future Holds for North America’s Packaging Industry

The term packaging isn’t just a word today; it has transformed into an experience for manufacturers and consumers. People crave something new every day and creative customized packaging is the only way to satisfy their craving.

An engaging display of a product can impact the purchasing decision of a consumer. It’s the reason you end up buying tons of unnecessary items on a dollar store. Another trend, that’s taking millennials by storm, is environmentally-friendly packaging.
This evolution is the reason why all packaging giants in North America are striving to bring forth exciting packaging solutions. The packaging consumption of North America is expected to increase by 19.6 % by 2022.
So, what’s next for this frequently growing industry? Let’s have a look at what the future holds for the packaging industry in North America.

1. Growth of Mexico:

Mexico has been overshadowed by high packaging sales of USA and Canada in the past. But after the adverse effects of global economic downturn on the US packaging industry, Mexico is expected to outshine the other two North American countries.
It’s predicted to reach 3.71 billion by 2023. Their versatile packaging techniques is what make them stand out. They might be taking over the beverage packaging soon as it’s the largest area of growth for Mexico.

2. Paper board is back in the game:

Paperboard seems to be covering from the previous recession and is preparing to make a comeback in the US market. The paper and paperboard sales started to take off from the year 2011 and are still going strong.

Manufacturers are improving its quality, making it more eco-friendly. Due to the sudden increase in demand, it’s expected to reach $413 billion by 2026.

3. Promising future of plastic packaging:

The future of plastic packaging looks bright. Contrary to the popular belief, plastic is becoming safe to use. Manufacturers are introducing BPA-free plastic which has increased its demand drastically.

Plastic is gaining popularity meeting the needs of almost every product. In North America, Mexico is expected to be the fastest growing plastic packaging industry surpassing both US and Canada.

4. Rise in Retail Ready Packaging:

Demand of retail ready packaging is increasing due the convenience that comes with it. Retail packaging makes the product shelf ready, without the need of unpacking. This saves operation cost improving the overall profit of the companies.
The packing itself is eye catching and attracts more customers. This increases the sales making it easier for the advertisers to market their product.
If you want to keep up with the market trend, call Premium Vials now. We have experience providing versatile packaging ideas like for our clients. Whether you need clear Boston round bottles for your pharmaceutical goods or Graduated Droppers for your essential oil business, we have it all for you.

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