Plastic Packaging Market Global Demand Growth and Business Scenario 2020 to 2025 | Alpla, AMCOR Limited, Bemis Company, Inc.

Plastic Packaging - A Market Overview and Forecast 2020 - 2025, This report presents a profound evaluation of basic elements of Plastic Packaging industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.

The plastic packaging market was valued at USD 345.91 billion in 2019 and is expected to reach a value of USD 426.47 billion by 2025, at a CAGR of 3.47% over the forecast period, 2020-2025.

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The Plastic Packaging Market is competitive owing to the presence of various international and domestic manufacturers. The market appears to be fragmented with the vendors competing in terms of price, capacity, volume, product quality, and technological innovation in the market. Some of the major players in the market are Alpla, AMCOR Limited, Bemis Company, Inc., Berry Plastics Corporation

Industry Latest News:

4th May 2020: A new rPET extrusion system will be going into operation in early May 2020 at the recycling plant PET Recycling Team in Radomsko (Poland). As a result, the capacity for rPET (food grade post-consumer recycled PET) will be doubled from 15,000 to 30,000 tonnes per annum. In this blog post, Georg L?sser, Head of Recycling at ALPLA, will be explaining this new development and more.

- Compared to other packaging products, consumers have shown an increasing inclination towards plastic packaging, as plastic packages are lightweight and easier to handle. Similarly, even the big manufacturers prefer to use plastic packaging solutions, because of their lower cost of production.
- The introduction of Polyethylene Terephthalate (PET) and High-Density Polyethylene (HDPE) polymers have expanded plastic packaging applications in the liquid packaging segment. High-density polyethylene plastic bottles are among the popular packaging choice for the milk and fresh juice products.
- Also, the rise in the working women population in many countries is also increasing the overall demand for packaged food, and these consumers consist of both significant spending power and a busy lifestyle.
- However, the increasing awareness about health concerns and to prevent waterborne diseases the consumers are continuously purchasing packaged water, with the increased sales of bottled drinking water the demand for plastic packaging is rising hence driving the market.

Scope of the Report

Plastics are used in the packaging of materials such as food, beverage, oil, etc. Plastics are primarily used because of their performance, cost-effectiveness, and durability. Based upon the type of material being transferred plastics can be of different grade and different material combinations like Polyethylene, Polypropylene, Poly Vinyl Chloride, etc.

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Competitive Insights

February 2019 - Amcor Limited launched Genesis, a new in-store recyclable laminate solution. Targeting a wide range of segments, including fresh fruits and vegetables, frozen food, dried fruits, nuts, confectionery, chilled goods, and pet food. The product is adaptable to a variety of packaging types and is appropriate for certain medical, home, and personal care markets.
January 2019 - Amcor Limited and Danone partnered to develop a new package for its new all-natural spoonable yogurt sold in Argentina. The new PET jar supports the 100% natural positioning of Danones La Seren simas yogurt, with featured engraving, a finely finished base, and a body-wrap label.

Flexible Plastics to Witness Significant Growth

- The plastic packaging market across the world is expected to gradually favor the use of flexible solutions over rigid plastic materials owing to various advantages they offer such as better handling and disposal, cost-effectiveness, greater visual appeal, and convenience.
- The manufacturers of plastic packaging products are continuously trying to adapt different packaging designs to cater to different requirements of the consumers, as each retail chain has a different kind of approach towards packaging.
- The FMCG sector is expected to further boost the demand for flexible solutions, by wide adoption in the food & beverage, retail and healthcare sectors. The demand for lighter forms of packaging and greater ease of use is expected to drive the growth of flexible plastic solutions which in turn may become the asset for the overall plastic packaging market.
- The Flexible plastics used for flexible packaging is the second largest in production segment in the world and is expected to increase owing to the strong demand from the market.

Furthermore, this study will help to solve the following issues:

Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
Identifying key cannibalizes- Strong substitute of a product or service?is that the?most prominent threat. Report includes key cannibalizes of a market, by procuring?marketing research. This helps in aligning new product development/launch strategies?before.
Spotting emerging trends- Report helps?to identify?upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by?a specific?emerging trend.
Interrelated opportunities-This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.

Customization of the Report:

The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.

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This release was published on openPR.