Plastic Packaging Market

Plastic Packaging Market Research Report By
Forecast To 2022
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2022
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Plastic Packaging Market Research Report - Forecast to 2022
Global Plastic Packaging Market Information by Type (Rigid packaging and Flexible packaging) by
Application (Food & beverages, Industrial, Healthcare, Personal care, and others) and by Region - Forecast
to 2022
Plastic packaging plays a significant role in the cost-effective packaging of food & beverages and healthcare products.
Market Research Future (MRFR) reports that the global plastic packaging market is expected to cross the USD 400 Bn mark,
at a growth rate of CAGR 5% over the forecasted period (2016-2022). The rise in manufacturing activities and conveniently
packaged products, is going to play a noteworthy role in the market expansion of plastic packaging.
Plastic serves as a more hardened, cleaner, and aesthetically appealing mode of packaging and the favored choice of many
in the food and beverage industry. The durability and strength it offers are superior to other products in the same price
band. It is also available in various forms, such as a pouch, plastic bags, and sachet, providing the consumer with several
modes of packaging.
The booming healthcare industry can also become a profitable area for the plastic packaging industry. Plastic is better than
glass when it comes to reducing the probability of damage, leaks and maintaining hygiene. For IV tubes, syringes, IV bags,
plastic packaging is the most preferred option.
However, fluctuating price of the raw material, such as petroleum and crude oil can impede the growth during the forecast
Major manufacturers are focusing on enhancing their portfolio and strengthening their market position through strategic
mergers and acquisitions. For instance, Sealed Air Corp. acquired Deltaplam Embalagens Indústria e Comércio Ltd., in 2017
securing a better position in Latin America. Mondi Group had acquired Excelsior, a United Kingdom-based company, to
expand their market portfolio.
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Plastic Packaging Market Research Report - Forecast to 2022
Industry News:
A shift in demography and rising economy can be key determinants influencing the trends of the regional market. Ecommerce has now become a popular choice and influencing the rigid plastic market in a major way. Increasing demand for
gadgets, apparels, and personal goods have resulted in better rigid plastic packaging solutions for safe shipping.
However, there is mounting pressure from the consumers on the manufacturers regarding the carbon footprint. It has
driven the plastic manufacturers towards developing bioplastics and investing in recyclable products.
Key Players
Key players who are currently impacting the global plastic packaging market are Amcor Ltd, BASF SE, Crown Holdings Inc.,
Saint-Gobain, Bemis Company Inc., Huhtamaki Oyj, Mondi Group, Sealed Air Corporation, Sonoco Products Company,
Constantia Flexibles International GmbH, Ampac Holdings LLC and Wipak Group.
Scope of Report
The report for Global Plastic Packaging Market of Market Research Future comprises of extensive primary research along
with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to
gain the deeper insight of the market and industry performance. The report gives the clear picture of current market
scenario which includes historical and projected market size in terms of value and volume, technological advancement,
macro economical and governing factors in the market. The report provides details information and strategies of the top key
players in the industry. The report also gives a broad study of the different market segments and regions.
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Plastic Packaging Market Research Report - Forecast to 2022
Plastic Packaging Market Research Report - Forecast to 2022
Segmentation and Regional Analysis
The global plastic packaging market could be segmented based on type and application.
Based on the type, products can be segmented into rigid packaging and flexible packaging. Rigid packaging is expected to
generate the largest share of revenue. End-users prefer rigid packaging the most. The proliferation of rigid plastic market
into the beverage sector is based on the expectation of it being of high quality, hygienic and healthy. The retail sector is also
expected to boost the growth of this segment during the forecast period.
Application-wise segmentation includes food & beverages, industrial, healthcare, personal care and others. Among these,
food & beverage sector has recorded the highest percentage of the global revenue in 2015 and expected to surge further
during the forecast period. With rapid urbanization, the demand for packaged food is also growing. This shift in consumer
habit has spurred a growth in the global market. Rapid growth in the pharmaceutical industry can bolster the growth rate of
healthcare plastic segment in the coming years.
Region-wise segmentation results in four prominent groups; North America, Europe, Asia Pacific, and Rest-of-the-World
(RoW). Asia Pacific is playing the pivotal role in this market by generating the maximum amount of revenue for the global
plastic packaging market. In this region, China will experience tremendous growth. Factors such as urbanization, rising
disposable income, and growing population are about to play a significant role in the growth of this market. India and
Indonesia are also going to witness similar growth rate as packaging demand in the personal care segment is on the rise.
Europe is currently experiencing a staggering demand for rigid packaging from food & beverage sector, which is going to
boost their market prospect.
North America was the previous market leader and expects to showcase a steady growth rate during the forecast period.
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