Title: Plastic Packaging Market - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
1Global Plastic Packaging Market to surpass us
480.97 billion by 2025
2- The Global Plastic Packaging Market was valued at
US 300.86 billion in 2016, according to a new
report published by Coherent Market
Insights. Packaging is a process that involves
protecting and enclosing of finished products for
distribution, sale, storage and transport. The
rigid packaging is gaining traction in the past
five years due to the rise in demand from
packaged food, which includes ready-to-eat meals,
dried and frozen foods. The increasing demand for
convenience food in Asia Pacific and Europe is
expected to boost the market for plastic
packaging during 2017-2025. Rigid packaging finds
wide applications in the packaging industry, due
to its high impact strength, barrier properties
and stiffness which makes it ideal for the
transportation of various products in the form of
bottles, ampules, jars, aerosols container and
cans.
3- Plastic Packaging market Taxonomy
- Technological advancement coupled with
development of new product is expected to be the
key drivers for the market growth of global
plastic packaging. Also, the growing demand for
flexible packaging from processed and hot food
industry is expected to boost the market for
plastic packaging during the forecast period. The
flexible packaging segment market in the global
plastic packaging market is expected to expand at
a CAGR of 4.7 in terms of volume. For
instance--- - On January 19, 2017, UFLEX--- introduced Super
Barrier Polyester Film, FLEXPETTM F-PGB-12, a
specially modified surface treatment which offers
high barrier to oxygen. - On September 8, 2016, UFLEX---introduced new ESL
ASEPTIC FLEXI-POUCH MACHINE for milk packaging,
which sterilized and packed the milk and
increases the self-life up to 90 days.
4- Asia-Pacific is projected to be the largest
region in global plastic packaging market. It
accounted for around 36.4 of overall plastic
packaging market revenue in 2016. The market in
this region is expected to be primarily driven by
rampant growth of end-use industries in China,
India, and ASEAN countries. The growing food
beverages industries, rising economy, growing per
capita income of middle class people are some of
the key drivers for the growth of plastic
packaging market in the Asia-Pacific region. - The market in Latin America is expected to
register a significant growth rate over the
forecast period. Rise in discretionary income
along with increasing ready to eat food are
expected to create lucrative growth opportunities
for the players in this region. - Request a sample pdf Copy of report_at_
https//www.coherentmarketinsights.com/insight/req
uest-sample/394 -
5- Pharmaceuticals is one of the key industries for
the use of plastic packaging. A strong drug
export and import activity in Asia-Pacific and
North America is expected to enhance the growth
of plastic packaging in the forecast period. The
pharmaceuticals applications such as sachets,
blister pack, stick packs and strip packs are the
key plastic packaging application in
pharmaceuticals industry, which provides barrier
to moisture, light, chemical, ease of opening and
child resistance. . According to India Brand
Equity Foundation (IBEF) is a Trust established
by the Department of Commerce, Ministry of
Commerce and Industry, Government of India---the
Indian healthcare industry is projected to grow
at a CAGR of 16.5 from 2008 to 2020. The market
is expected to reach US 280 billion by 2020. - Amcor Ltd., Sealed Air Corporation, Bemis
Company, Sonoco Products Company, Mondi Plc.,
Tray Pack Corporation, Lacerta Group Inc., Bemis
Company Inc., Alwin Lehner GmbH Co. Kg, RPC
Group Plc are few of the key players in global
plastic packaging market.
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