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Plastic Packaging Market 2018 Industry Growth with Key Manufacturers Analysis

Increasing use of plastic packaging in widespread applications, including food and beverages, personal care, household care, consumer electronics, and construction, is likely to drive industry growth over the forecast period.

The Global Plastic Packaging Market size is expected to reach USD 269.6 billion by 2025 and will register a CAGR of 3.9% during the forecast period, according to a new report by Grand View Research, Inc.


Higher demand for flexible and functional packaging, largely for packaged food, frozen foods and beverages, is projected to positively impact segment growth in the near future. Furthermore, rapidly increasing use of rigid packaging containers and canisters for industrial applications in construction, energy, and automotive sectors is expected to benefit market growth over the forecast period.

Increasing penetration of bottles and pouches in medical applications is also expected to benefit market growth. These products are being used for storage in the form of medicine organizers and packaging of medicines and drugs, on account of better chemical resistance properties.

The Global Plastic Packaging Industry is expected to witness the fastest revenue growth in the food and beverages application, registering a CAGR of 4.2% over the forecast period.

In terms of revenue, the rigid plastic packaging segment was valued at USD 66.7 billion in 2017 and is expected to witness steady growth in the coming years. This can be attributed to increasing use of the product for storage and transportation of chemicals and related industrial products

To Know More About Plastic Packaging Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/plastic-packaging-market

The plastic bags segment recorded a revenue of USD 39.2 billion in 2017. The segment is expected to witness moderate growth over the forecast period, owing to rising concerns regarding use and disposal of plastic grocery bags

Top Players of Plastic Packaging Market:

Key industry participants, including Amcor Ltd., Mondi Plc, Apex Packaging, Sealed Air Corporation, Coveris Holdings S.A., and DS Smith Plc, are involved in the manufacture, fabrication, and distribution of plastic packaging products across the globe.

Market Segmentation of Plastic Packaging Market:

The Global Plastic Packaging Market segmented on the basis of Type, Product, Application, and Region.

By Type:

    Rigid
    Flexible

By Product:

    Bottles
    Cans
    Wraps & Films
    Bags
    Pouches

By Application:

    Food & Beverages
    Industrial Packaging
    Personal & Household Care

Inquire about Plastic Packaging Market with Our Experts @ https://www.grandviewresearch.com/inquiry/5151
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