Global Plastic Packaging Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global plastic packaging market in its upcoming report titled, “Global Plastic Packaging Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global plastic packaging market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The plastic packaging market report has been segmented on the basis of product, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Packaging of the product provides safety and detailed information regarding the ingredients used in the product. Packaging enables transportation of industrial equipment & machinery, chemicals and food & beverages over long distances. Plastic is considered as an ideal solution for packaging owing to its cost-effectiveness and strength as compared to its substitutes namely glass and metal.
On the basis of type, the rigid segment is estimated to hold major revenue share in the global plastic packaging market and is expected to maintain its dominance over the forecast period. Use of rigid plastic in canisters and bottles for packing, transportation, and storage of chemicals and beverages is expected to drive segment growth over the forecast period.
On the basis of product, the wraps & films segment is expected to grow at a steady rate over the forecast period. The segment is majorly driven by growing demand for wraps and films frozen foods, packaged food, and ready to eat food over the forecast period.
On the basis of application, the food & beverages segment is estimated to hold major revenue share in the global plastic packaging market on account of increase in consumption of alcoholic beverages, sports & energy drinks, soft drinks, and fruit & vegetable juices in developing and developed economies, which is expected to boost the segment growth over the forecast period. Moreover, increasing consumption of packed food owing to changing lifestyle and increasing disposable income of people is anticipated to drive market growth.
Asia Pacific market is estimated to hold major revenue share in the global plastic packaging market, in 2017 and is expected to maintain its dominance over the forecast period. Rapidly growing end-use industries such as food & beverages, construction, consumer electronics, and personal care are expected to be a major factor driving market growth. The Asia Pacific accounts for largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. Growing consumption of ready to eat food owing to changing lifestyle of consumers in the region is anticipated to fuel market growth.
Market segmentation and key players operating in the global plastic packaging market:
- Wraps & films
- Food & Beverages
- Industrial Packaging
- Health Care
- Personal care
- Others (household products, cosmetics, and automotive components)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Amcor Limited
- Berry Global Inc.
- Sealed Air Corporation
- British Polythene Industries PLC
- Coveris Holding S.A.
- Bemis Company, Inc.
- American Packaging Corporation
- Innovia Films Ltd.
- Printpack, Inc.
- DS Smith Plc
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