Plastic Packaging Market worth $627.46 billion by 2030, growing at a CAGR of 5.44% - Exclusive Report by 360iResearch

The "Plastic Packaging Market by Type (Flexible, Rigid), Technology (Extrusion, Thermoforming), Material Type, End-User Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Plastic Packaging Market to grow from USD 432.90 billion in 2023 to USD 627.46 billion by 2030, at a CAGR of 5.44%.

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The plastic packaging market comprises various solutions, including bottles, wraps, bags, and containers used to package a wide range of products. It spans several sectors, such as food and beverages, healthcare, cosmetics, and other consumer goods, underscoring its ubiquity and essential role in product delivery and preservation. Plastic packaging finds its application across numerous industries, with its primary use being in the food and beverage sector due to its cost-effectiveness, lightweightness, and superior barrier properties. Additionally, it is significantly employed in the healthcare sector for sterile packaging, in consumer goods for durable and aesthetically appealing packaging, and in the cosmetics industry for its versatility in design and functionality. Growth in the plastic packaging market is driven by various factors, including increasing demand for packaged food and beverages globally, growing consumer preference for convenient, lightweight, and highly functional packaging solutions, and expanding usage in the cosmetics and personal care industry. However, the adoption of plastic packaging is hindered by the availability of paper-based packaging solutions and environmental concerns associated with plastic waste and pollution. On the other hand, increasing demand for smart packaging solutions, ongoing innovations focusing on recyclable and biodegradable plastics, and the development of advanced sorting and recycling technologies to improve the efficacy of recycling processes present substantial opportunities for the plastic packaging market in the coming years.

The American plastic packaging market, particularly in the United States and Canada, is characterized by high demand for sustainable and innovative packaging solutions. In the U.S., consumer awareness around environmental impacts has driven interest in biodegradable and recyclable packaging materials. The Canadian market follows a similar trend, with an emphasis on reducing plastic waste and enhancing recycling processes. Investments in both countries are primarily directed towards technology that supports sustainable packaging, with several initiatives aiming to improve waste management infrastructure and the lifecycle of plastic materials. South America's focus is gradually shifting towards sustainable packaging amid rising environmental concerns. Brazil is a prominent country, with investments in innovative packaging technologies and a growing food and beverage sector fueling demand for plastic packaging solutions. EU countries demonstrate a strong commitment to environmentally friendly packaging solutions, primarily driven by stringent regulations and a highly conscious consumer base. The European Union's directives on plastic waste have spurred innovation in bioplastics and circular economy models. Research and development efforts are particularly robust in Germany, France, and the Netherlands, focusing on reducing the ecological footprint of packaging. In the Middle East and Africa, some areas still rely heavily on conventional plastic packaging. However, there is a burgeoning interest in sustainable solutions. The food and beverage industry compels the market with an increasing demand for packaged goods. In China, the government's ban on imported waste has prompted a surge in domestic recycling efforts and innovation in packaging designs. China's investment in patenting new packaging technologies is notable, focusing on enhancing material efficiency and reducing waste. Japan's market is distinguished by high consumer demand for convenience and quality, driving advancements in smart packaging solutions. Meanwhile, India's growing retail and e-commerce sectors fuel the need for durable and cost-effective packaging solutions, with increasing interest in sustainability and recycling programs.

Market Segmentation & Coverage:

This research report categorizes the Plastic Packaging Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Flexible and Rigid. The Flexible is further studied across Bags, Pouches, and Wraps & Films. The Rigid is further studied across Bottles & Jars, Cans, and Trays & Containers. The Flexible is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Extrusion and Thermoforming. The Extrusion is projected to witness significant market share during forecast period.

Based on Material Type, market is studied across Bio- Plastic, Ethylene Vinyl Alcohol, Polyamide, Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS) and Expanded Polystyrene (EPS), and Polyvinyl Chloride (PVC). The Polyvinyl Chloride (PVC) is projected to witness significant market share during forecast period.

Based on End-User Industry, market is studied across Cosmetics & Personal Care, Food & Beverage, Healthcare, Industrial, Pharmaceuticals, and Retail. The Pharmaceuticals is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.32% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Plastic Packaging Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Plastic Packaging Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Plastic Packaging Market, highlighting leading vendors and their innovative profiles. These include Alpha Packaging Inc., Altium Packaging, Aluflexpack AG, Amcor plc, Berry Global, Inc, Bischof + Klein SE & Co. KG, C-P Flexible Packaging, CCL Industries Inc, Chemco Group, Constantia Flexibles, Cosmo Films Limited, Coveris Management GmbH, Mondi plc, NOVOLEX - CARLYLE GROUP, Plastek Group, PPC Flexible Packaging LLC, Printpack, ProAmpac Intermediate, Inc., rose plastic AG, Sealed Air Corporation, Sigma Plastics Group, Sonoco Products Company, SWISS PAC PVT LTD, Uflex Ltd, Ultimate Group, and Winpak Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Plastic Packaging Market, by Type
7. Plastic Packaging Market, by Technology
8. Plastic Packaging Market, by Material Type
9. Plastic Packaging Market, by End-User Industry
10. Americas Plastic Packaging Market
11. Asia-Pacific Plastic Packaging Market
12. Europe, Middle East & Africa Plastic Packaging Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Plastic Packaging Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Plastic Packaging Market?
3. What is the competitive strategic window for opportunities in the Plastic Packaging Market?
4. What are the technology trends and regulatory frameworks in the Plastic Packaging Market?
5. What is the market share of the leading vendors in the Plastic Packaging Market?
6. What modes and strategic moves are considered suitable for entering the Plastic Packaging Market?

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