Plastic Packaging Market - Region Wise Analysis of Top Players in Market by its Types and Application 2020

The global plastic packaging market is estimated to prosper on the back of food and beverage industry. Plastics provide a tougher, cleaner, durable and an attractive solution for storage of food and beverage, due to which it has high adoption rate high adoption rate in the food and beverage industry. However, apart from food and beverage industry plastic packaging is an extremely favorable packaging solution in other sectors as well. There exists huge demand for plastics sachets, pouches, and bags for the packaging of various products. Such high demand across several industries is likely to bolster growth of the global plastic packaging market in near future.

Some of the key players dominating the global plastic packaging market are NatureWorks LLC, Alpla Werke Alwin Lehner GmbH & Co. KG, Berry Plastics Corporation, Reynolds Group Holdings Limited, AMCOR Limited, and Bemis Company, Inc.

For More Industry Insight, Request PDF Brochure@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=969

Transparency Market Research has come up with a detailed report on the global plastic packaging market, for the period 2014 to 2020. The report estimates that the global plastic packaging market is likely to rise at a healthy rate of 5.25 % CAGR. The market is estimated to reach US$ 370.2 Bn through 2020.

Driven by Demand from Cosmetics Industry, Asia Pacific to Dominate the Market

The Asia-Pacific region is expected to dominate the global plastic packaging market over the timeframe of review, from 2014 to 2020. Regional supremacy of Asia Pacific is ascribed the growing prominence of food and beverage industry in countries like China and India. As rigid plastic packaging finds increased use in various applications across healthcare, beverage and food industries, the plastic packaging market is estimated to witness rapid growth in the region.

In addition to that, increase population, augmented consumer expenditure, and increasing disposable income is prophesized to foster growth of the plastic packaging market in Asia Pacific. Furthermore, growing popularity of beauty and personal care products is also likely to encourage growth of market in Asia Pacific. Plastic packaging finds extensive use in the packaging of beauty and cosmetic products.

Get Customize Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=969

Increased Number of Working Women to Spell Growth for the Market

Plastic packaging solutions are lightweight, durable, and attractive, which is why the product is in high demand across several industries. These types of packaging solutions are easier to handle as well. Multiple benefits of the product are likely to offer copious growth opportunities for the global plastic packaging market in the forthcoming years. Low cost of production is estimated to emerge as a major growth promoting factor for the global plastic packaging market.

Contact Us: -
State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States

About Us:-

We are leaders in analytics, research, and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a preeminent provider of cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who hold a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence.

This release was published on openPR.