Global Packaging Resins Market, By Type (Low Density Polyethylene (LDPE), Polypropylene (PP), High Density Polyethylene (HDPE), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyethylene Terephthalate (PET) and Polyvinyl Chloride (PVC)), Application (Food and Beverage, Consumer Goods, Healthcare, Industrial and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Packaging Resins Market
Data Bridge Market Research analyses that the packaging resins market will witness a CAGR of 6.80% for the forecast period of 2022-2029. Growth in the packaging resins especially in the developing economies such as India and China, surging application of packaging resins for a wide range of applications such as consumer goods, healthcare and others increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the packaging resins market.
Packaging resins are the materials that are manufactured using small materials to form molecular structures known as polymers. These resins are thereby, converted into packaging materials, supplies and solutions. A wide variety of materials together belong to the club of packaging resins. Packaging resins are used by varying industry verticals as these provide enhanced safety to the stored products and improve their shelf life.
Rise in demand for packaging resins by food and beverages industry is the root cause for fuelling up the market growth rate. Rising demand for packaging resins in the industrial applications and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the market. Rising awareness about the benefits of packaging resins in comparison to other adhesives or alternatives such as cost-effectiveness and increased shelf-life of products, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, accelerating demand for eco-friendly packaging resins in automotive and transportation applications, surging rationalizing of packaging materials and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, and strict global trade restrictions will dampen the market growth rate. Also, stringent government rules and regulations pertaining to environmental emissions and on the use of plastic will also hamper the market growth rate. High scale availability of alternatives in the market will also restrict the scope of growth.
This packaging resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on packaging resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Packaging Resins Market Scope and Market Size
The packaging resins market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the packaging resins market is segmented into low density polyethylene (LDPE), polypropylene (PP), high density polyethylene (HDPE), polystyrene (PS) and expanded polystyrene (EPS), polyethylene terephthalate (PET) and polyvinyl chloride (PVC).
- Packaging resins market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for packaging resins market is segmented into food and beverage, consumer goods, healthcare, industrial and others.
Global Packaging Resins Market Country Level Analysis
The packaging resins market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the packaging resins market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the packaging resins market owing to the growing demand for packaging resins from various end-use industries, increase in the research and development activities, favourable investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, growing buildings and construction activities, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia Pacific.
The country section of the packaging resins market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Packaging Resins Market Share Analysis
The packaging resins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to packaging resins market.
Some of the major players operating in the packaging resins market report are China Petroleum & Chemical Corporation, Exxon Mobil Corporation, Lyondellbasell Industries Holdings B.V, SABIC, PetroChina Company Limited, Borealis AG, Braskem, Dow., DuPont, Indorama Ventures Public Company Limited., MG Chemicals, Arkema, BASF SE, BOROUGE, DAK Americas, Far Eastern New Century Corporation, INEOS, BY Sanfame Group, Reliance Industries Ltd., and Total among others.
Customization Available : Global Packaging Resins Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.