Press release
Packaging Materials Market 2018 Global Players Ball Corporation, Amcor, Crown Holdings, Inc., Mondi Group, Bemis Company, Inc., Sealed Air Corporation
Packaging Materials Market
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Packaging Materials Market size will surpass USD 1.3 trillion by 2024; according to a new research report by Global Market Insights, Inc. Developments in the Asia Pacific food & beverage sector will be a major reason behind the growth of packaging materials market growth. The Asia Pacific region includes a large number of emerging economies such as China, India, South Korea, etc. These countries have been witnessing increased consumption of food & beverage products which will in turn drive packaging materials market demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Amcor
2. Ball Corporation
3. Crown Holdings
4. International Paper
5. Mondi
6. Owens-Illinois
7. Reynolds Group
8. Sealed Air
9. Stora Enso
10. WestRock
11. Bemis
12. COVERIS
13. Berry Plastics
14. DS Smith
15. Graphic Packaging
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/packaging-materials-market
Flexible plastics is the largest materials segment in the packaging materials market in terms of volume. This segment is likely to be valued over USD 190 billion by 2024. The segments growth will be augmented by extensive usage in packaging food items and household products. The availability of a broad range of flexible plastic materials with distinct characteristics has turned this segment into one of the most important materials in the industry. The ability of flexible plastics to be manufactured in a range of shapes and sizes, lower weight, inert nature, superior performance characteristics, low cost, and easy printability makes it the most versatile packing material.
Bags, pouches & wraps is the largest product segment in the packaging materials market as they are used for packaging a wide variety of items including food, detergents, beverages, etc. This segment will cover over one-third of the overall packing industry in terms of value. Characteristics such as lower comparative costs, ease of storage and handling, along with the availability of many specialty products like retort packaging, shrink films, etc. will augment bags, pouches & wraps packing materials market growth in forecast timeframe.
The global packaging materials market has several key global players along with a large number of smaller regional manufacturers. Some major manufacturers of packing materials include Ball Corporation, Amcor, Crown, Mondi, Bemis, Owens-Illinois, Sealed Air, and many more. Major companies in the packing industry rely on production capacity expansions and acquisitions to strengthen their industry positions. For example, Amcor’s expansion of the production capacity of PET bottles in its Texas plant in 2017 was intended to cater to the needs of North American customers and is likely to help the company to increase its business in the region.
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Packaging Materials Market by Material
• Paper & cardboard
• Rigid plastics
• Metal
• Flexible plastics
• Glass
• Wood
• Textiles
• Others
Packaging Materials Market by Product
• Bottles & cans
• Containers & jars
• Bags, pouches & wraps
• Closures & lids
• Boxes & crates
• Drums & IBCs
• Others
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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