Exclusive Report on Global Plastic Packaging Industry: to achieve a market size of $472.52 Billion by 2028.

The global Plastic Packaging market size is expected to reach $472.52 Billion by 2028 growing at the CAGR of 4.36% from 2021 to 2028.

This growth is attributed to:
● Growth in few of the key sectors like Food & beverage, pharmaceuticals, and household & personal care
● The fundamental advantage with plastic packaging compared to alternatives such as metal and glass as it offers both flexible and rigid, transparent and lightweight forms of packaging.
● The low cost and excellent printability of plastic make it the material of choice when it comes to packaging.
● Increasing number of retail locations, especially those run by organized businesses, which cater to customers who want quality products at affordable prices using packaging made with sustainable materials.

However, as environmentalist concerns increase and the awareness of eco-friendly solutions rises for packaging, the plastic bag market might struggle to grow as quickly as it traditionally has.
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The recently published research report on Global Plastic Packaging Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Plastic Packaging market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Plastic Packaging market report also includes the following data points:
● COVID19 Impact on Plastic Packaging market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Plastic Packaging market

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Key Players
Some of the major Plastic Packaging players holding high market share include Amcor plc, Honeywell International Inc., and ProAmpac. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Sealed Air Corporation
● Amcor
● Berry Global Inc.
● Mondi
● Sonoco
● Huhtamaki
● Coveris
● Transcontinental Inc.
● Clondalkin Group
● Constantia Flexibles International GmbH

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of Plastic Packaging Market:
o Rigid packaging
o Flexible packaging

Market Segment By Application with focus on market share, consumption trend, and growth rate of Plastic Packaging Market:
o Food & beverages
o Industrial
o Healthcare
o Personal care
o Others

For more information: https://www.evolvebi.com/product/plastic-packaging-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The Asia Pacific market is projected to expand at the fastest CAGR from 2021 to 2028. Rapidly-growing application industries in key economies such as China, India, Vietnam, South Korea, and Thailand are expected to drive the regional market over the forecast period. Factors such as the rapidly increasing population in China and the significant rise in food processing activities for countries such as Vietnam are estimated to aid the regional market growth over the next decade.

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