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Global Packaging Materials Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like Amcor,Mondi,Sealed Air,Inc.
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High growth in the global food & beverage industry will propel packaging materials demand during the forecast years. These products are extensively used in the packaging of raw & processed food items. They are also increasingly used in packaging bulk food products such as grains, cereals, etc. Rising consumption of frozen meat products, canned sea-foods, and ready-to-eat meals across the globe will augment the packing materials market growth. High consumption of alcoholic and non-alcoholic beverages will also be a major growth enabler for the market.
Rising demand for personal care products will also have a positive impact on the packing materials market growth. Rising income levels of consumers in emerging economies and willingness to spend on personal grooming will increase beauty and skin care products’ demand in coming years. The global personal care products industry will surpass USD 600 billion by 2024 and will drive demand for packing materials during the forecast period.
The global Packaging Materials market was 931100 million US$ in 2017 and is expected to 1177700 million US$ by the end of 2025, growing at a CAGR of 3.0% between 2018 and 2025.
Market Segment by Manufacturers, this report covers
Amcor
Ball Corporation
Crown Holdings
International Paper
Mondi
Owens-Illinois
Reynolds Group
Sealed Air
Stora Enso
WestRock
Bemis
COVERIS
Berry Plastics
DS Smith
Graphic Packaging
Market Segment by Type, covers
Paper & Cardboard
Rigid Plastic
Metal
Flexible Plastic
Glass
Wood
Textile
Others
Market Segment by Applications, can be divided into
Food
Beverage
Healthcare
Cosmetics
Household Products
Chemicals
Others
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Related Information:
North America Packaging Materials Market Growth 2019-2024
United States Packaging Materials Market Growth 2019-2024
Asia-Pacific Packaging Materials Market Growth 2019-2024
Europe Packaging Materials Market Growth 2019-2024
EMEA Packaging Materials Market Growth 2019-2024
Global Packaging Materials Market Growth 2019-2024
China Packaging Materials Market Growth 2019-2024
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