Plastic Packaging Market Future Aspect Analysis and Current Trends by 2023-2031

Global Plastic packaging report from Global Insight Services is the single authoritative source of intelligence on Plastic packaging market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. 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.

Plastic packaging is a type of packaging that is made from plastic. Plastic packaging can be used for a variety of products, including food, beverages, and household products. Plastic packaging is often preferred over other types of packaging, such as paper or glass, because it is lightweight and durable. Plastic packaging is also recyclable, which makes it an environmentally friendly option.

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Market Segmentation
The global rigid plastic packaging market is segmented into material, production process, end-user industry, and region. Depending on material, the market is segregated into polyethylene (PET), polypropylene (PP), high-density polyethylene (HDPE), and others. On the basis of production process, the market is fragmented into extrusion, injection molding, blow molding, thermoforming, and others. By end-user industry, the market is categorized into food & beverages, personal care, household, healthcare, and others.

Key Players
The key players in the rigid plastic packaging market are ALPLA-Werke Alwin Lehner GmbH & Co KG, Amcor Limited, DS Smith Plc, Berry Plastics Corporation, Klöckner Pentaplast, Plastipak Holdings, Inc., Pactiv Evergreen Inc, Sealed Air Corporation, Silgan Holdings, Inc., and Sonoco Products Company.

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Key Drivers
Some of the key drivers of the plastic packaging market include an increase in the demand for packaged food and beverages, a rise in the demand for e-commerce, and a growing preference for plastic packaging over other materials.

The demand for packaged food and beverages has been on the rise in recent years, due to a change in consumer lifestyle and a growing preference for convenience foods. This has led to an increase in the use of plastic packaging, as it is a lightweight and durable material that can be used to package a variety of food and beverage products.

The e-commerce industry has also been a major driver of the plastic packaging market, as online retailers are increasingly using plastic packaging to ship their products. Plastic packaging is preferred over other materials such as cardboard and paper, as it is more resistant to damage and can be reused.

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