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Global Plastic Packaging Market To Reach Around USD 375.0 Billion by 2020

03-23-2017 06:30 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Research Store

Plastic Packaging Market

Plastic Packaging Market

Zion Research has published a new report titled “Plastic Packaging (Rigid Plastic Packaging and Flexible Plastic Packaging) Market for Food & Beverages, Industrial, Household Products, Personal Care, Medical and Other Applications – Global Industry Perspective, Comprehensive Analysis and Forecast, 2014-2020.” According to the report, global demand for plastic packaging was valued at USD 270.0 billion in 2014, and is expected to reach USD 375.0 billion in 2020, growing at a CAGR of 4.8% between 2015 and 2020. In terms of volume, the global plastic packaging market stood at 81,750.0 kilo tons in 2014.

Plastic packaging is a type of casing in the form of plastic containers, bags, pouches, and jars to be used for food & beverages, personal care products, household products, and industrial goods. High-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC) are mainly used in plastic packaging. Plastics can be easily molded or altered into any shape as per the packaging requirement of goods. It is one of the fastest growing segments of the packaging industry. It combines the best qualities of plastic to deliver a wide range of protective properties while using minimum quantity of material. Plastic packaging is broadly used in consumer products, and in industrial applications. It is used to market, protect, and distribute a wide range of products.

Get a copy of Sample Report: https://goo.gl/v5bneh

Rigid and flexible are two types of packaging products. In rigid plastic packaging, product is packed in a rigid cases or container and for flexible packaging the material used is flexible that takes the shape of the products when it is packed. Furthermore, rigid plastic packaging segment dominate the market with significant shares in 2014. And it is expected to continue this trend owing to the demand from pharmaceutical industry.

Food & beverages packaging applications segment was the largest segment of global plastic packaging industry and accounted for around 55% share of the entire market in 2014. It is expected to remain prolong application over the forecast period owing to high demand of packed food. Moreover, plastic packaging is expected to witness the fastest growth from the medical application segment in next five years.

Browse the full report at http://www.marketresearchstore.com/report/plastic-packaging-market-z47941

Asia Pacific was dominating regional market for plastic packaging owing to strong demand from China and India. It accounts for around 35% share of the overall market volume consumption in 2014 and further expected to remain major regional market for plastic packaging due to the heavy consumption of packed foodstuff and changing lifestyles during the next five years. Asia Pacific was followed by North America and Europe. Both the regions are expected to have lucrative demand during forecast period.
The key players for the plastics packaging market include Amcor Ltd., Crown Holdings Inc., Bemis Company Inc., BASF SE, Huhtamaki Oyj, Mondi, Sealed Air Corporation, Sonoco Products, Saint-Gobain and amongst others.

This report segments the global plastic packaging market as follows:

Plastic Packaging Market: Product Segment Analysis

Rigid Plastic Packaging
Flexible Plastic Packaging
Plastic Packaging Market: Application Segment Analysis

Food & Beverages
Industrial
Household Products
Personal Care
Medical
Other
Plastic Packaging Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East & Africa

About Us

Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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