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Packaging Materials Market Comprehensive Study 2018: Sealed Air Corporation, DS Smith, Bemis Company, Inc.,Ball Corporation, Crown Holdings, Inc., Mondi Group, Amcor

10-09-2018 10:59 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Packaging Materials Market

Packaging Materials Market

GMI presents a most up-to-date research on “Packaging Materials Market – Global Industry Analysis, Size, Share, Product (Bottles & Cans, Containers & Jars, Bags, Pouches, & Wraps, Closures & Lids, Boxes & Crates, Drums & IBCs), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, Saudi Arabia, UAE, Kuwait, Qatar, South Africa) and Forecast 2017 – 2024”.

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Packaging Materials Market size will surpass USD 1.3 trillion by 2024. 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.

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

Packaging Materials Market by End-user

• Food & beverage
• Healthcare
• Logistics
• Automotive & transportation
• General manufacturing
• Others

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.

Among the end-users in the packaging materials market, beverage segment is likely to grow by a CAGR above 4% to reach a market value exceeding USD 300 billion by 2024. Rising popularity of health drinks, plant-based waters, sugar sweetened beverages and alcoholic drinks will be the key factor behind this segment’s industry development. Increasing consumption of packaged drinking water in across the globe also augment this end-user industry’s development throughout the forecast timeframe.

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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.

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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