Online Shopping Surge to Boost Packaging Resin Market Growth: Strategic Insights Driving Packaging Resins Market Momentum in 2025

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How Large Will the Packaging Resins Market Size By 2025?
In the past years, there has been a marked increase in the market size of packaging resins, which is projected to escalate from $263.54 billion in 2024 to $285.72 billion in 2025 with a compound annual growth rate (CAGR) of 8.4%. The notable increase during the historical period is owed to the expansion of the consumer goods industry, the increased intake of packaged and processed meals, the impact of globalization and international trade, urban growth, and the dawn of e-commerce.

How Big Is the Packaging Resins Market Size Expected to Grow by 2029?
The market size of packaging resins is anticipated to witness substantial growth in the coming years. It is projected to expand significantly, reaching $390.18 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 8.1%. The expansion over the forecasted period may be largely due to the growth in e-commerce, an expanding food and beverage sector, the rise in online retail operations, an increasing focus on sustainable and eco-friendly packaging, and the enlargement of the food delivery market. Some of the key trends during this period are expected to include biodegradable resins, technological progressions, the creation of high-performance resins, embracing recyclable resins, as well as smart packaging.

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Which Key Market Drivers Powering Packaging Resins Market Expansion and Growth?
The expansion of the packaging resin market is anticipated to be driven by the rise in online shopping. This medium provides consumers with the convenience of purchasing a vast array of goods and services from their own residences through the internet. Factors such as wider internet availability, advances in e-commerce technology, convenience, and the availability of more diverse product options for customers all contribute to the increase in online shopping. In the context of online shopping, packaging resins are paramount, offering protective, lightweight and versatile packaging options that safeguard the product integrity during shipping and improve the overall user experience. For instance, the United States Census Bureau, a government agency, reported in August 2024 that E-commerce sales in Q2 of 2024 witnessed a 6.6 percent (±1.2) increase relative to the same quarter of 2023. Total retail sales, on the other hand, saw a growth of 1.9 percent (±0.4) in the same period. E-commerce comprised 15.2 percent of all retail sales in 2024's second quarter. As a result, the rise in online shopping is poised to stimulate the growth of the packaging resin market.

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Which Fast-Growing Trends Are Poised to Disrupt the Packaging Resins Market?
Key players in the packaging resin market, including Green Dot Bioplastics, are leaning towards the production of biodegradable resins like compostable resins in response to growing consumer preference for eco-friendly packaging solutions and to adhere to strict environmental regulations. These compostable resins disintegrate into basic elements such as water, carbon dioxide, and organic materials under certain composting conditions, and do not leave any harmful residue behind. In July 2022, Green Dot Bioplastics, a U.S company known for its biodegradable and compostable plastic solutions, introduced nine new grades of compostable resins to increase sustainability in single-use and packaging industries. The new series, featuring five compostable starch mixtures, can be used with existing film extrusion and molding machinery. Terratek BD3003 exhibits durability similar to LDPE and Terratek BD3300 matches HDPE in stiffness and heat resistance. These materials foster swift biodegradation and are perfectly suitable for produce bags, bubble wrap and agricultural films. They are in the process of acquiring certification for compostability from TüV Austria.

What Are the Emerging Segments in the Packaging Resins Market?
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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Packaging Resins Industry?
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.

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