Press release
Packaging Resins Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Packaging Resins Market Growth
The increasing prevalence of online shopping is expected to drive the packaging resin market. Online shopping offers consumers convenience, a wide range of products, and the ability to shop from anywhere. This surge in online shopping is fueled by better internet access, improved e-commerce technologies, and the convenience it offers consumers. Packaging resins are essential to online shopping, as they provide lightweight, protective, and versatile packaging solutions to ensure products remain safe during transit. According to the U.S. Census Bureau, e-commerce sales in the second quarter of 2024 increased by 6.6%, representing a 15.2% share of total retail sales. Therefore, the growth of online shopping will drive the packaging resin market.
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What growth opportunities are expected to drive the packaging resins market's CAGR through 2034?
The packaging resins market has experienced strong growth, with a projected rise from $263.54 billion in 2024 to $285.72 billion in 2025, growing at a CAGR of 8.4%. Key drivers of this growth include the expansion of the consumer goods sector, increased consumption of packaged and processed foods, globalization and international trade, urbanization, and the rise of e-commerce.
The packaging resins market is anticipated to grow strongly, reaching $390.18 billion by 2029 with a CAGR of 8.1%. Factors driving this growth include the expansion of e-commerce, the food and beverage sector, and the demand for eco-friendly packaging solutions. Trends include the adoption of biodegradable and recyclable resins, technological advancements, and the development of high-performance resins.
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What are the emerging trends shaping the future of the packaging resins market?
Companies operating in the packaging resin market are focusing on biodegradable resins, such as compostable resins, to cater to the rising demand for eco-friendly packaging solutions. These materials break down naturally, leaving no harmful residues. In July 2022, Green Dot Bioplastics launched nine new compostable grades, including five starch blends, to improve sustainability in packaging while ensuring compatibility with existing production methods.
Which growth-oriented segments of the packaging resins market are leading the industry's development?
The packaging resins market covered in this report is segmented -
1) By Type: Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Other Types
2) By Application: Flexible Packaging, Rigid Packaging, Other Applications
3) By End-User: Food And Beverages, Healthcare, Personal Care, Consumer Goods, Industrial Packaging, Other End-Users
Subsegments:
1) By Polyethylene (PE): Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE)
2) By Polypropylene (PP): Homopolymer Polypropylene, Copolymer Polypropylene, Biaxially Oriented Polypropylene (BOPP)
3) By Polystyrene (PS): General Purpose Polystyrene (GPPS), High Impact Polystyrene (HIPS), Expandable Polystyrene (EPS)
4) By Polyethylene Terephthalate (PET): Amorphous PET, Crystalline PET, PET Glycol-Modified (PETG)
5) By Polyvinyl Chloride (PVC): Rigid PVC, Flexible PVC, Plasticized PVC
6) By Other Types: Polyamide (Nylon), Polycarbonate (PC), Polyurethane (PU), Acrylonitrile Butadiene Styrene (ABS), Polybutylene Terephthalate (PBT), Other Specialty Resins
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What regions are leading the charge in the packaging resins market?
Asia-Pacific was the largest region in the packaging resins market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the packaging resins market?
Major companies operating in the packaging resins market are Exxon Mobil Corporation, TotalEnergies SE, Reliance Industries Limited, BASF SE, The Dow Chemical Company, LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corporation (SABIC), LG Chem Ltd., Mitsubishi Chemical Group Corporation, Sumitomo Chemical Co. Ltd., Toray Industries Inc., Braskem S.A., Sasol Limited, Evonik Industries AG, INEOS Group Holdings S.A., Westlake Chemical Corporation, Indorama Ventures Public Company Limited, Amcor Plc, Berry Global Group Inc., Borealis AG, DuPont de Nemours Inc., China Petroleum & Chemical Corporation (Sinopec), Formosa Plastics Corporation, Chevron Phillips Chemical Company LLC, NOVA Chemicals Corporation
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What Is Covered In The Packaging Resins Global Market Report?
•Market Size Forecast: Examine the packaging resins market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the packaging resins market for a structured understanding.
•Key Players Overview: Analyze major players in the packaging resins market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the packaging resins market.
•Segment Contributions: Evaluate how different segments drive overall growth in the packaging resins market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the packaging resins market.
•Industry Challenges: Identify potential risks and obstacles affecting the packaging resins market.
•Competitive Landscape: Review strategic developments in the packaging resins market, including expansions, agreements, and new product launches.
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