Global Packaging Resins Market, By Type (LDPE, PP, HDPE, PET, PS & EPS, PVC, others), By Application (food & beverage, consumer goods, healthcare, industrial, others) By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Packaging Resins Market
The Global Packaging Resins Market is expected to reach USD 290.20 billion by 2025, from USD 170.30 billion in 2017 growing at a CAGR of 7.6% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Packaging Resins Market
Plastics are incredibly energy efficient to manufacture and they are lighter than other alternative materials and it’s also most efficient material which can be used for various application.. Just two pounds of plastic can deliver 10 gallons—of a beverage. The plastics manufacturing industry gets vastly affected by the growth of the packaging industry. There are a number of new developments in the packaging industry that will drive the demand for plastic materials. Various products such as resalable packs, easy-opening, stand-up pouches are being made and more cost effective packs and brand extensions are being provided to get the loyalty of the customer. These developments in packaging will increase the consumption of plastics and will drive the market growth. In the market there is a wide variety of resins available to meet particular needs. Adhesive resins make a solid bond between dissimilar materials, while sealant resins offer leak-free solidness. On the other hand the barrier resins used in food and beverages protect freshness, decrease flavour loss, and increases the shelf life of the product. These Modifier resins help to enhance packaging, structure and performance of a product. The removable lidding resins can be used to seal and peel off nearly anything. These resins for moulded products offer exceptional flexibility and durability. According to an article published recently by Eurostats, the flexible packaging market is expected to have global revenue of USD 248.00 billion in the North America region by the end of the year 2022.
- Downsizing of Packaging Materials
- Cost-Effectiveness & Increased Shelf-Life of Products
- Growing Demand for Sustainable Packaging Solutions
- Rising Concerns Pertaining to Plastic Disposal
Segmentation: Global Packaging Resins Market
- PS & EPS
- Food & Beverage
- Consumer Goods
- North America
- South America
- Middle East & Africa
Competitive Landscape: Global Packaging Resins Market
The global packaging resins market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of packaging resins market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Packaging Resins Market
The key players operating in the global Packaging Resins market are –
- Sinopec Corporation
- Exxonmobil Chemical
- Lyondellbasell Industries Holdings B.V
The other players in the market are Petrochina Ltd., Borealis AG, Braskem S.A., Dowdupont Inc., Indorama Ventures Public Company Ltd., M&G Chemicals and many more, Arkema S.A, BASF SE, Borouge, DAK Americas LLC, Far Eastern New Century Corporation, Ineos Group AG, Jiangsu Sanfangxiang Group Co., Ltd., Reliance Industries Ltd., Styrolution Group GmbH, Total S.A. and many others.
Research Methodology: Global Packaging Resins Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global Packaging Resins market
- Analyze and forecast the Packaging Resins market on the basis of processes, derivative, and application
- Trends of key regional and country-level markets for processes, derivative, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis