Plastic Packaging Market Research Report - Forecast to 2022

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Plastic Packaging Market Research Report By
Forecast To 2022
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2022
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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
period. 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.
Report Sample _at_ https//www.marketresearchfuture.
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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. E-commerce 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
Segmentation
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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.
Report Available _at_ https//www.marketresearchfutu
re.com/reports/plastic-packaging-market-1688
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