COVID-19 is Impacting the Global Plastic Packaging Market 2020 | Major players are Amcor plc, Bemis Company, Inc., Sonoco Products Company, Sealed Air, CCC Packaging, Reynolds Pens

This Global Plastic Packaging Market business report studies and analyses facts and figures about the market segmentation very carefully and represent it in the form of graphs for the better understanding of end user. Each of the parameter analysed in the report is again researched deeply for the better and actionable market insights. This Global Plastic Packaging Market research study helps the customer understand the various drivers and restraints impacting the market during the forecast period. This market report covers company profiling of key players in the market, carefully analyzing their core competencies, and drawing a competitive landscape for the market.�

Market Analysis: Global Plastic Packaging Market

Global plastic packaging market is expected to rise to an estimated value of USD 180.56 billion by 2026; registering a substantial CAGR in the forecast period of 2019-2026.This rise in market value can be attributed to demand of plastics for the rigid packaging methods. Few of the major competitors currently working in plastic packaging market are Amcor plc, Bemis Company, Inc., Sonoco Products Company, Sealed Air, CCC Packaging, Reynolds Pens, Berry Global Inc., Mondi, COVERIS, ALPLA, Zhuhai Zhongfu Enterprise Co. Limited, Huhtamaki, Winpak Ltd., BALL CORPORATION, Tetra Laval International S.A., DS Smith, PROLAMINA PACKAGING

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Competitive Analysis:

Global plastic packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plastic packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition: Global Plastic Packaging Market

Plastic packaging is used widely in almost every industry due to its cutting edge design that helps to deliver innovative packaging solutions. The plastic packaging is used for the protection of fragile goods that are difficult to carry and transport. Plastic provides cost effective and durable performance to the products

Market Drivers:

Rapid growing demand of convenient packaging from various industries such as food and beverages and personal care, is driving the growth of the market
Urbanization, cost efficiency and product safety are the major factors driving the growth of the market
Growing consumer awareness related to eco-friendly packaging

Market Restraints:

Awareness campaigns for minimising the usage of plastic hinders the market growth
Non-recyclable nature of plastics restricts its usage and hence, acts as a restraint for the growth of the market
Strengthening of government regulations related to packaging

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Global Plastic packaging Market Segmentation:

By Type

Rigid Plastics
Flexible Plastics

By�Material Type

Polypropylene
Polyethylene
Poly Vinyl Chloride
Polystyrene
Ethylene Vinyl Alcohol
Bioplastic
Polyethylene Terephthalate
Polyamide
Others

By�Application

Food & Beverages
Industrial
Household Products
Personal Care
Medical
Others

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Key Developments in the Market:

In June 2019, CCC Packaging announced the acquisition of a U.S. packaging solutions provider, Tri State Distribution. The acquisition will help the company to build strong its pharmaceutical packaging segment by merging the products of acquired company into its own portfolio. �
In October 2018, Sealed Air announced their innovative packaging solutions to be 100% reusable and recyclable by the year 2025. The company will collaborate with other players to ensure the execution of the new project. �

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved

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