Skip to main content

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
Labels:

Comments

Post a Comment

Popular posts from this blog

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...
Post a Comment
Read more

Triethylene Glycol (TEG) Market with Current Trends Analysis -2022

Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period. The Global Triethylene Glycol (TEG) Market is expected to reach USD 718.3 million by 2022, according to a new study by Grand View Research, Inc. Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar. Moreover, improving infrastructure for gas import, transport and utilization in ...
Post a Comment
Read more

Specialty Ingredients Market Figures and Analytical Insights 2019 – 2022

Shift in consumer focus towards organic products coupled with growing demand for anti-ageing and environmental defense skin care products is expected to drive the global specialty ingredients market over the forecast period. The Global Specialty Ingredients Market is expected to reach USD 141.12 billion by 2022, according to a new report by Grand View Research, Inc. Increasing preference for healthy and nutritional diet and enhancing growth of high quality pharmaceutical drugs is also expected to have a positive influence on the market growth. Food and beverages dominated the global industry on account of high demand for various beverages, supplements and nutritional dietary products across the globe. Food & beverage industry is expected to experience advancement owing to increasing demand for organic items coupled with high-quality and customized requirements by population over the forecast period. Changing lifestyle has also enhanced preference for nutritional goods whic...
Post a Comment
Read more