Plastic Packaging Market to witness astonishing growth by 2025

Plastics are organic compounds with high molecular weight, which consists of a large range of synthetic organic compounds which can be molded into various shapes, due to malleability. Whereas, packaging is a technology, which involves enclosing and protecting various types of products for storage, distribution, sale and use. Plastic packaging materials are prepared from petroleum and its derivatives, which finds wide application areas in various end use industries. Polyethylene terephthalate (PET), is used as the primary feedstock in the manufacture of plastic bottles, which finds large application in food & beverages, pharmaceuticals and cosmetics industry due to its high durability, light weight, low cost and recyclability properties.

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This report segments the global plastic packaging market on the basis of product types and application. On the basis of product types, the market is segmented as rigid packaging and flexible packaging. On the basis of end use industry, the global plastic packaging market is segmented into food & beverages, industrial, household products, personal care, medical, others. Moreover, rigid packaging is the largest product segment, accounting for over 61.9% share of the global plastic packaging market in 2016, while, flexible packaging is projected to witness a significant growth in the product segment and is expected to grow at a CAGR of 4.7% in terms of volume during the forecasted period.

Detailed Segmentation:

Global Plastic Packaging Market, By Product Type:
Rigid Packaging
Flexible Packaging

Global Plastic Packaging Market, By End Use Industry:
Food & Beverages
Industrial
Household Products
Personal Care
Medical
Others

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Key companies covered as a part of this study include Amcor Ltd., Sealed Air Corporation, Bemis Company, Sonoco Products Company, Mondi Plc., Tray Pack Corporation, Lacerta Group Inc., Bemis Company Inc., Alwin Lehner GmbH & Co. Kg, RPC Group Plc.

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