Global Plastic Packaging Market, By Type (Rigid Plastics and Flexible Plastics), Material Type (Polypropylene, Polyethylene, Poly Vinyl Chloride, Polystyrene, Ethylene Vinyl Alcohol, Bio- plastic, Polyethylene Terephthalate, Polyamide and Others), Application (Food and Beverages, Industrial, Household Products, Personal Care, Medical 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 2028
Data Bridge Market Research analyses that the plastic packaging market will witness a CAGR of 3.56% for the forecast period of 2021-2028. Rising demand for plastic material for packaging and increasing technological advancements in the packaging solutions are the two major factors attributable to the growth of plastic packaging market.
Plastics are a wide range of semi-synthetic and synthetic materials and these use polymers as their main ingredient. Plastics possess great current stability and these can be easily moulded, extruded or pressed into solid objects of various shapes. Plastic packaging is the most widely used packaging solution. Plastic packaging is used by almost every industry ranging from food and beverages industry to pharmaceutical industry. Plastic packaging is generally used for products that are fragile in nature and need to be transported over long distances. Plastic is a durable and cost effective packaging solution. Lightweight in nature, plastics are the most used packaging material as compared to any other. However, plastics are non-biodegradable in nature and thus, are not environment-friendly. Plastics take more than hundreds of years to decompose. Large scale disposal of plastics on land and into water bodies is polluting the environment.
Rising focus on the advanced packaging solutions coupled with growth and expansion of packaging industry is one of the major factors fuelling up the demand for plastic packaging. Rise in the demand for convenient packaging solutions by the various end user verticals such as consumer electronics, household products and so on is also fostering the market growth rate. Advantageous properties offered by plastic packaging solutions are also an important factor inducing growth in the plastic packaging market value.
However, hazardous effects of plastic on the environment and rising awareness about eco-friendly packaging solutions will pose a major challenge to the market growth. rising prevalence of water-borne diseases owing to the disposal of plastic into water bodies will further derail the market growth rate. Stringent rules and regulations associated with the application of plastic will further create hindrances for the growth of the market.
This plastic packaging 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 plastic packaging 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 Plastic Packaging Market Scope and Market Size
The plastic packaging market is segmented on the basis of type, material 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 plastic packaging market is segmented into rigid plastics and flexible plastics.
- On the basis of material type, the plastic packaging market is segmented into polypropylene, polyethylene, poly vinyl chloride, polystyrene, ethylene vinyl alcohol, bio- plastic, polyethylene terephthalate, polyamide and others.
- On the basis of application, the plastic packaging market is segmented into food and beverages, industrial, household products, personal care, medical and others.
Global Plastic Packaging Market Country Level Analysis
The plastic packaging market is analysed and market size, volume information is provided by country, type, material type, and application as referenced above.
The countries covered in the plastic packaging 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 is expected to undergo substantial gains and project the highest CAGR for the forecast period. This is because of the overall growth and expansion of the various end user verticals across countries in this region. Rapid globalization, industrialization and urbanization will further foster the growth of plastic packaging market across countries in this region. Rising personal disposable income is an important indirect market growth determinant.
The country section of the plastic packaging 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 Plastic Packaging Market Share Analysis
The plastic packaging 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 plastic packaging market.
The major players covered in the plastic packaging market report are Amcor plc, Honeywell International Inc., ProAmpac., Mondi, Berry Global Inc., Tetra Pak Group, Sonoco Products Company, Sealed Air, Canada Colors and Chemicals Limited., Reynolds Pens, Coveris., ALPLA, Zhuhai Zhongfu Enterprise Co. Limited, Huhtamäki Oyj, WINPAK LTD., DS Smith, PROLAMINA PACKAGING, BALL CORPORATION, Tetra Laval International S.A. and ProAmpac. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Plastic Packaging 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.