Plastic Packaging Market 2021: Strategic Analysis and Key Technological Developments

The Plastic Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Plastic Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Plastic Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Plastic Packaging market.

The plastic packaging market registered a CAGR of 3.47% over the forecast period, 2021-2026.

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Top Leading Companies of Plastic Packaging Market are - DS Smith PLC, ES Plastic GmbH, Alto Packaging Ltd, Bemis Company Inc, Anchor Packaging Ltd, APPE Packaging Ltd, Binggrae Co. Ltd, ALPLA-Werke Alwin Lehner GmbH & Co. KG, Amcor Limited, American Packaging Corporation, Berry Global Inc., Constantia Flexibles Group GmbH, Mondi PLC, Novolex Holdings Inc., Printpack Inc., Reynolds Group Holdings Ltd, RPC Group PLC, Sealed Air Corp., Sigma Plastics Group Inc., Sonoco Products Company, Tetra Pak International SA, Toppan Printing Co. Ltd, Transcontinental Inc., Winpak Limited, Huhtamaki Group and others.

Industry News and Updates:

- June 2020 - Amcor partnered with Espoma Organic to innovate more sustainable packaging and launch a new bio-based polymer package. The polyethylene (PE) film contains 25% bio-based material, derived, in this case, from sugarcane.

- Sept 2020- Amcor collaborated with Nestle to launch recyclable flexible retort pouches that will improve the environmental footprint of consumer packaging by up to 60%, starting with wet cat food. The new pouch meets the packaging guidelines for a circular economy recently published by the CEFLEX Consortium.

Key Market Trends:

"Food Segment" to Occupy Major Share

- The food segment, is the largest source of demand for PET packaging products. According to the British Plastic Federation (BPF), over 70% of the soft drinks in the global market, are being packaged in PET plastic bottles, while, only 30% of them gets packed across other variety of packaging materials, such as glass bottles, metal cans, and paper-based cartons.

- Food packaging is one of the largest users of plastics. The demand for rigid plastic packaging for the food industry is witnessing demand, as they are increasingly replacing traditional materials such as paperboard, metals, and glass, owing to their beneficial properties, such as lightweight and reduced cost.

- The food packaging segment includes packaging solutions for sauces and condiments, dairy products, pickles and syrups, jam, processed vegetables and fruits, and baby food.

- In 2020, a continued transparency in food packaging is seen trending. Going beyond just the listed ingredients on the label, consumers also want to see the physical product before purchase. Polyethylene terephthalate (PET) bottles are taking over for glass in the single-serve ketchups, condiments and barbecue sauce markets.

North America to Hold the Largest Market Share

- North America is one of the fastest-growing regions when it comes to plastic packaging. According to the Plastic Oceans Foundation, more than 100 billion plastic bags are used by Americans every year. With such substantial consumption rates, 109 kg per capita, the United States is expected to continue as the leading market during the forecast period.

- Packaging industry in the North American region has undergone a drastic change in the recent years and the growth of e-commerce, along with innovations in digital printing, and sustainability are driving the market. Due to this, there has been an increased demand for sustainable flexible packaging. ?

- For instance, according to Flexible Packaging Association, more than 60% of consumers in North America are keen to pay more for tangible and functional packaging benefits, such as product protection, shipping friendly, and supply chain efficacy, among others.?

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Plastic Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Plastic Packaging Market (%),2016 - 2026
- Plastic Packaging Market Share, By Brand
- Plastic Packaging Market Share, By Company
- Plastic Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Plastic Packaging Market Value Analysis & Forecast
- Promising Plastic Packaging Development by Major Companies
- Detailed Plastic Packaging Portfolio of the Major Companies
- Major Deals in the Plastic Packaging Market
- Major Companies Analysis

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