Packaging Resins Market Competition Strategies and Comprehensive Research Study by 2021-2031 | Arkema Group, BASF SE, Borealis AG, Braskem, Exxon Mobil Corporation

New York, According to a new market research report published by Global Insight Services Packaging Resins Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Packaging resins are a type of synthetic polymer that is used to make packaging materials. They are typically made from petroleum-based feedstocks, such as ethylene and propylene, and are used to make a variety of packaging materials, such as plastic bags, bottles, and containers. Packaging resins are typically designed to be lightweight, strong, and durable, and to resist degradation from sunlight, heat, and chemicals.

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Key Trends

Consumer desire for convenient packaging, rising demand from the food and healthcare industries due to the product's lightweight nature, and convenience of use are factors boosting demand for plastic packaging, and thus driving growth in the global packaging resins market.

Bio-plastic packaging is in high demand since it helps minimize carbon footprint and eliminates the need for landfill dumping. Plastics generate over 200 million tonnes of garbage, causing substantial landfill difficulties.

Food joints' increasing preference for economical, light-weight, beneficial, and simple-to-use packaging is likely to drive market growth.

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Key Drivers

The key drivers of the packaging resins market are the growing demand from the food and beverage industry and the increasing demand for flexible packaging.

The food and beverage industry is the largest end-user of packaging resins and is expected to grow at a significant rate in the coming years. The rising disposable incomes and the changing lifestyle of consumers are the major factors driving the growth of the food and beverage industry.

Flexible packaging is expected to grow at the highest rate during the forecast period. The growing demand for ready-to-eat food and the rising demand for packaged food are the major factors driving the growth of the flexible packaging market.

The other key drivers of the packaging resins market are the growing demand from the healthcare industry and the increasing use of biodegradable packaging.

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Market Segments
By Type

LDPE
PP
HDPE
Others

By Application

Food & Beverage
Consumer Goods
Healthcare
Others

Key Players

The Packaging Resins Market includes players such as Arkema Group, BASF SE, Borealis AG, Braskem, Exxon Mobil Corporation, Indorama Ventures Public Company Limited, LyondellBasell Industries Holdings B.V., M&G Chemicals SA, SABIC, and The Dow Chemical Company.

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Reasons to buy Packaging Resins Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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