openPR Logo
Press release

Plastic Packaging Market Scope, Segmentation, Development and Opportunities with Forecast 2025

11-24-2020 02:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Plastic Packaging Market: Snapshot

Packaging involves the safe delivery of goods from manufacturers to customers. Plastics have now become an important material in a myriad packaging applications across a wide range of sectors such as healthcare, food and beverages, personal care and cosmetic, and customer goods. Plastics are preferred for packaging as they offer a cleaner, flexible, and is a better appealing packaging form for customers. Moreover, the demand for plastic packaging has risen due to their cost-effectiveness, durability, and high performance properties.

Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1331

Improvements in lifestyle andgrowing urbanization are expected to be some of the primary factors driving the demand for plastic packaging. Because of its flexibility, plastic packaging can be easily used for packing fresh food products as well as medical equipment. A wide range of molding processes for plastics have enabled manufacturers to produce plastic packaging products with impressive aesthetics and protective properties that has led to a steady progress of the plastic packaging market. The ever expanding food and beverages sector has significantly contributed towards the development of the plastic packaging market. However, factors such as different price control measures imposed on raw materials and fluctuating prices of crude oil are likely to hamper the growth of the plastics packaging market.

On the other hand, many manufacturers are now concentrating on recyclable or reusable plastics packaging specially for food and beverages packaging. Consistent efforts by administrators and policy makers have broadened the control over plastic packaging in different geographical regions. This has also led to several technological advancements in the global plastics packaging market.

Global Plastic Packaging Market: Overview

The primary function of packaging comprises the safe delivery of products from the manufacturer to the consumer. Plastics have become viable material choices in myriad packaging applications in a wide range of industries, including food and beverages, healthcare, cosmetic and personal care, and consumer goods. Plastics offer a cleaner, flexible, and more appealing form of packaging, particularly for various foods and beverages. They have soared in popularity because of their high performance features, cost-effectiveness, and durability.

Owing to their flexibility, plastics can be safely used for protecting medical equipment as well as fresh foods. A variety of plastic molding processes have led manufacturers to offer plastics packaging products with remarkable aesthetics and barrier properties, leading to robust evolution of the market.

To get Incredible Discounts on this Premium Report, Click Here @ https://www.tmrresearch.com/sample/sample?flag=D&rep_id=1331

Global Plastic Packaging Market: Trends

The global plastic packaging market is primarily driven by the surge in demand from the expanding food and beverages industry. The rising demand of flexible packaging from the pharmaceutical industry is also expected to boost the global plastic packaging market. Furthermore, changes in lifestyle in emerging nations have spurred the demand for plastic packaging such as sachets, pouches, and containers. The demand for flexible plastic packaging is gaining traction across various regions due to its high tensile strength and barrier protection ability. Recent advancements in materials sciences and manufacturing technology have led to the production of advanced plastic packaging with high tensile strength and remarkable toughness.

However, various price control measures on petrochemical raw materials and the price volatility in crude oil are are likely to impede the growth of the plastics packaging market to an extent. Nevertheless, to overcome this market challenge, manufacturers are opting for several viable alternatives in bioplastics.

Global Plastic Packaging Market: Market Potential

As market interest in plastics packaging sector has intensified over the past few years, companies are aggressively pursuing mergers and acquisitions. The market outlook seems exuberant with several investors recognizing the stability of the packaging industry. Leading players are exploring lucrative avenues in resin-based packaging. They find returns on investment in terms of cost reduction in raw material purchases, sales process consolidation, significant overhead reductions, and other similar competitive benefits. These developments are expected to expand the potential of the plastic packaging market along the forecast period.

A large number of deals are motivated by strategic benefits; currently the players are shying away from launching initial public offering to expand their product portfolio owing to the risks involved.

Another area which manufacturers are focusing on is recyclable plastics packaging, especially for packaging foods and beverages. Constant efforts by policy makers to broaden the regulations for plastic packaging, especially in Europe and Asia Pacific have resulted in technology advancement in the manufacturing of plastics packaging.

Global Plastic Packaging Market: Regional Outlook

Asia Pacific market offers ample opportunities to the manufacturers and vendors of plastics packaging. The tremendous growth in the regional market is propelled by the extensive demand for plastics packaging products from the food and beverages industry. In addition, the significant pace of industrialization in developed and developing countries of Asia Pacific and the trend of flexible packaging gaining popularity among various end-use industries are expected to fuel the regional market.

The market has somewhat witnessed a slowdown in the developed nations of North America and Europe. Rising concerns about the disposal of plastics and the alternative methods of packaging that are more environment-friendly have adversely affected the regional market.

Global Plastic Packaging Market: Competitive Landscape

Leading players are making mergers and acquisition and investing in advancement in manufacturing processes to launch high-performing plastics packaging products. Major players operating in the global plastic packaging market include Constantia Flexibles International GmbH, Bemis Company, Inc., Huhtamaki Oyj, Mondi Plc, Sealed Air Corporation, Ampac Holdings LLC, Ukrplastic Corporation, Amcor Ltd., Wipak Group, and Sonoco Products Company.

Request For TOC @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1331

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Plastic Packaging Market Scope, Segmentation, Development and Opportunities with Forecast 2025 here

News-ID: 2194617 • Views: 67

More Releases from TMR Research

Smoothies Market Competitive landscape, Segmentation, Manufacturers and Forecast …
Global Smoothies Market: Overview A smoothie is a thick drink made with raw fruit or vegetables mixed. A smoothie that is rich in vitamins, fibers and other nutrients is also like a healthy smoothie. Healthy smoothies are generally obtained from seeds, plants and fruits. Smoothies are mainly produced from fruits and vegetables so that the nutrients and vitamins are vital. In order to clean up and detox the body, a correct
Saccharin Market-Outlook On Emerging Application, Latest Trends & Potential Grow …
Global Saccharin Market: Introduction Saccharin, also called benzoic sulfimide (C7H5NO3S), is an artificial sweetener that is nearly 300 times sweeter compared to stable sugar. Saccharin means “overly sweet’. It is developed from oxidation of phthalic anhydride or o-toluene sulfonamide. It is available widely in the forms of crystalline powder or white crystals. These are insoluble in water, however, blend well with other sweeteners to cover up for the drawbacks. As saccharin
Textured Soy Protein Market Top Companies Statistics Analysis, Trends, Challenge …
Global Textured Soy Protein Market: An Overview Soy protein are the protein derived from soya bean and the defatted soy protein is commonly known as soy protein. The texture soy protein market is anticipated to rise on the back of its inexpensive nature and rapidly growing health-conscious population across the globe. An upcoming report on the texture soy protein market by Transparency Market Research is expected to offer an in depth analysis
Food Inclusions Market 2020 Research Report, Emerging Trends and Competitive Ana …
Global Food Inclusions Market: An Overview The food inclusions market is likely to garner a significant growth during the forecast period. This is mainly due to ability of food inclusions to improve functional properties of food. Apart from this, ability of the food inclusions to meet taste trends and offer several new flavor profiles are likely to offer new avenues for growth to the food inclusions market. Get Brochure of the Report

All 5 Releases


More Releases for Plastic

Recycled Plastic and Plastic Waste to Oil Market Report, 2027
Albany, NY - Global Recycled Plastic and Plastic Waste to Oil Market: Key Highlights • The global recycled plastic and plastic waste to oil market was valued at ~US$ 37 Mn in 2018, and it is anticipated to expand at a CAGR of ~10% during the forecast period. • Among the fuels, the diesel segment held a dominant share of the global recycled plastic and plastic waste to oil market in 2018, primarily due
Plastic Pails (Plastic Bucket) Market Size and Analysis by Regions
MarketResearchReports.Biz adds “Global Plastic Pails (Plastic Bucket) Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Plastic Pails (Plastic Bucket) and the growth estimates for the forecasted period. A plastic pail is a type of container made from plastic that is employed in carrying out various applications ranging from construction, housing, shipping, to food and beverages. It is also
Yazheng Plastic Netting combined type plastic netting machine
Yazheng Plastic Netting developed combined type plastic netting machine.The combined type plastic netting machine can produce plastic deer fencing, anti bird netting, erosion control netting and plastic filtration netting. The combined type plastic netting machine is 30m long, it is be composed of polypropylene grinding miller, extruding machine, high temperature machine, stretch machine, rolled machine and cut machine. The horizontal thread and vertical thread of nettings that produced by
Recycled Plastic & Plastic Waste to Oil Market Forecast 2016 - 2024
The recycled plastic & plastic waste to oil market report by Transparency Market Research provides in-depth analysis of the recycled plastic & plastic waste to oil market globally. The report segments the market on the basis of plastic type, technology, end-fuel, and geography. The report analyzes the global recycled plastic & plastic waste to oil market in terms of revenue (US$ Mn) for the 2016–2024 period. For this research study,
Recycled Plastic & Plastic Waste to Oil - Technology Analysis 2024
On the basis of technology, the recycled plastic & plastic waste to oil market has been segmented into pyrolysis, gasification and synthesis, and catalytic depolymerization processes. Pyrolysis process is the most widely used technology for converting plastic into oil (fuel). Pyrolysis process is expected to continue to dominate the recycled plastic & plastic waste to oil market due to its lower CAPEX requirements as compared to other technologies. Catalytic depolymerization
Recycled Plastic & Plastic Waste to Oil Technology: Analysis 2016 - 2024
Transparency Market Research has released a new market report titled “Recycled Plastic & Plastic Waste to Oil Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2016 - 2024.”The report defines and segments the recycled plastic & plastic waste to oil market, providing analysis and forecasts of the global revenue. According to the report, the global recycled plastic & plastic waste to oil market stood at US$542.8 mn