Plastic Packaging Market
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<strong>Plastic</strong> <strong>Packaging</strong> <strong>Market</strong> Research Report By<br />
Forecast To 2022<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2022<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
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<strong>Plastic</strong> <strong>Packaging</strong> <strong>Market</strong> Research Report - Forecast to 2022<br />
Global <strong>Plastic</strong> <strong>Packaging</strong> <strong>Market</strong> Information by Type (Rigid packaging and Flexible packaging) by<br />
Application (Food & beverages, Industrial, Healthcare, Personal care, and others) and by Region - Forecast<br />
to 2022<br />
<strong>Plastic</strong> packaging plays a significant role in the cost-effective packaging of food & beverages and healthcare products.<br />
<strong>Market</strong> Research Future (MRFR) reports that the global plastic packaging market is expected to cross the USD 400 Bn mark,<br />
at a growth rate of CAGR 5% over the forecasted period (2016-2022). The rise in manufacturing activities and conveniently<br />
packaged products, is going to play a noteworthy role in the market expansion of plastic packaging.<br />
<strong>Plastic</strong> serves as a more hardened, cleaner, and aesthetically appealing mode of packaging and the favored choice of many<br />
in the food and beverage industry. The durability and strength it offers are superior to other products in the same price<br />
band. It is also available in various forms, such as a pouch, plastic bags, and sachet, providing the consumer with several<br />
modes of packaging.<br />
The booming healthcare industry can also become a profitable area for the plastic packaging industry. <strong>Plastic</strong> is better than<br />
glass when it comes to reducing the probability of damage, leaks and maintaining hygiene. For IV tubes, syringes, IV bags,<br />
plastic packaging is the most preferred option.<br />
However, fluctuating price of the raw material, such as petroleum and crude oil can impede the growth during the forecast<br />
period.<br />
Major manufacturers are focusing on enhancing their portfolio and strengthening their market position through strategic<br />
mergers and acquisitions. For instance, Sealed Air Corp. acquired Deltaplam Embalagens Indústria e Comércio Ltd., in 2017<br />
securing a better position in Latin America. Mondi Group had acquired Excelsior, a United Kingdom-based company, to<br />
expand their market portfolio.<br />
Report Sample @ https://www.marketresearchfuture.com/sample_request/1688
<strong>Plastic</strong> <strong>Packaging</strong> <strong>Market</strong> Research Report - Forecast to 2022<br />
Industry News:<br />
A shift in demography and rising economy can be key determinants influencing the trends of the regional market. E-<br />
commerce has now become a popular choice and influencing the rigid plastic market in a major way. Increasing demand for<br />
gadgets, apparels, and personal goods have resulted in better rigid plastic packaging solutions for safe shipping.<br />
However, there is mounting pressure from the consumers on the manufacturers regarding the carbon footprint. It has<br />
driven the plastic manufacturers towards developing bioplastics and investing in recyclable products.<br />
Key Players<br />
Key players who are currently impacting the global plastic packaging market are Amcor Ltd, BASF SE, Crown Holdings Inc.,<br />
Saint-Gobain, Bemis Company Inc., Huhtamaki Oyj, Mondi Group, Sealed Air Corporation, Sonoco Products Company,<br />
Constantia Flexibles International GmbH, Ampac Holdings LLC and Wipak Group.<br />
Scope of Report<br />
The report for Global <strong>Plastic</strong> <strong>Packaging</strong> <strong>Market</strong> of <strong>Market</strong> Research Future comprises of extensive primary research along<br />
with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to<br />
gain the deeper insight of the market and industry performance. The report gives the clear picture of current market<br />
scenario which includes historical and projected market size in terms of value and volume, technological advancement,<br />
macro economical and governing factors in the market. The report provides details information and strategies of the top key<br />
players in the industry. The report also gives a broad study of the different market segments and regions.<br />
Press Release @ https://www.marketresearchfuture.com/press-release/plastic-packaging-market<br />
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<strong>Plastic</strong> <strong>Packaging</strong> <strong>Market</strong> Research Report - Forecast to 2022<br />
Segmentation
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<strong>Plastic</strong> <strong>Packaging</strong> <strong>Market</strong> Research Report - Forecast to 2022<br />
Segmentation and Regional Analysis<br />
The global plastic packaging market could be segmented based on type and application.<br />
Based on the type, products can be segmented into rigid packaging and flexible packaging. Rigid packaging is expected to<br />
generate the largest share of revenue. End-users prefer rigid packaging the most. The proliferation of rigid plastic market<br />
into the beverage sector is based on the expectation of it being of high quality, hygienic and healthy. The retail sector is also<br />
expected to boost the growth of this segment during the forecast period.<br />
Application-wise segmentation includes food & beverages, industrial, healthcare, personal care and others. Among these,<br />
food & beverage sector has recorded the highest percentage of the global revenue in 2015 and expected to surge further<br />
during the forecast period. With rapid urbanization, the demand for packaged food is also growing. This shift in consumer<br />
habit has spurred a growth in the global market. Rapid growth in the pharmaceutical industry can bolster the growth rate of<br />
healthcare plastic segment in the coming years.<br />
Region-wise segmentation results in four prominent groups; North America, Europe, Asia Pacific, and Rest-of-the-World<br />
(RoW). Asia Pacific is playing the pivotal role in this market by generating the maximum amount of revenue for the global<br />
plastic packaging market. In this region, China will experience tremendous growth. Factors such as urbanization, rising<br />
disposable income, and growing population are about to play a significant role in the growth of this market. India and<br />
Indonesia are also going to witness similar growth rate as packaging demand in the personal care segment is on the rise.<br />
Europe is currently experiencing a staggering demand for rigid packaging from food & beverage sector, which is going to<br />
boost their market prospect.<br />
North America was the previous market leader and expects to showcase a steady growth rate during the forecast period.<br />
Report Available @ https://www.marketresearchfuture.com/reports/plastic-packaging-market-1688
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