Plastic Packaging Market 2018 Global Industry Analysis By Amcor, BASF, Crown Holdings, Saint-Gobain, Bemis, Huhtamaki, Mondi, Sealed Air, Sonoco, Constantia Flexibles and Others

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
Synopsis of the Global Plastic Packaging Market

The global plastic packaging market is expected to cross USD 400 Billion at the end of the forecasted period and is expected to grow at CAGR of approximately 5% from 2016 to 2022.

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Market Scenario

The market for plastic packaging is driven by growth in food & beverages and healthcare industries globally. The change in consumer’s lifestyle with rapid urbanization has augmented the demand for plastic packaging. The consumers demand convenience processed and packaged foods which reduce the cooking time. This has resulted in increasing use of plastic packaging in food & beverage industries. Food & beverage was valued as the largest application for plastic packaging market in 2015. Over 54% of the volume consumption in 2015 was attributed to the food & beverage industry. It is expected to show far reaching results by 2022 in the APAC region. Furthermore the increasing health risks and growing health and fitness awareness has further fueled the market for plastic packaging.

Key Players

The key players of Global Plastic Packaging Market report include- 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.

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.

Drivers and Restraints:

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.

Segmentation:

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.

Regional Analysis of Global Packaging Machinery Market

APAC dominates the global plastic packaging market with its fast growing market worldwide. Over 35% of total volume consumption in 2015 was valued for APAC region. The region is expected to show some rapid development in healthcare and food & beverages industries along with increased investment in the same. This would result in an expanding share of APAC in global plastic packaging market by 2022.

However, North America had the largest market size in 2015 and is expected to show steady growth by 2022. Europe and Rest of the World are also expected to grow from 2016 to 2022. The food and beverage market in Europe is expected to show some staggering growth which is expected to drive the plastic packaging market by 2022.

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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.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain Of Global Plastic Packaging Market

Continues...

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