openPR Logo
Press release

GLOBAL PLASTIC PACKAGING MARKET TO SURPASS US$ 480.97 BILLION BY 2025, UNDERPINNED BY BURGEONING GROWTH IN DEMAND FOR RIGID PACKAGING

GLOBAL PLASTIC PACKAGING MARKET TO SURPASS US$ 480.97 BILLION

Plastic Packaging – Insights

Plastics are organic compounds with high molecular weight, which consists of a wide range of synthetic organic compounds which can be molded into various shapes, due to malleability. Packaging is a technology, which involves enclosing and protecting various types of products for storage, distribution, sale and use. The increasing demand for healthy, safe and convenience food in the last couple years in Asia Pacific, Europe and North America respectively, has been rapidly driving the global market for plastic packaging. Also, the use of polyethylene terephthalate (PET), as a packing material for food & beverages, pharmaceuticals and household product, due to its strength, versatility and recyclability and hence is projected to boost an excellent sustainability for plastic packaging market during 2017-2025.

Plastic films are the primary raw materials used for manufacture of flexible packaging, which finds wide applications in various end use industry such as food & beverages, cosmetics and healthcare industry, as they offer significant visibility to the product and provide attractive and secure packaging options. Pillow pouch and stand up pouch are the widely used product for flexible packaging market, due to its excellent barrier towards oxygen and moisture coupled with cost effective and low material usage are expected to boost the market for flexible packaging during the forecast period.

Download Sample Report @ https://www.coherentmarketinsights.com/insight/request-sample/394

The growing disposable income and consumer preferences for packaged goods coupled with retail industry, especially in Asia Pacific and Latin America due to rise in per capita income among the middle class is projected to witness a significant growth during 2017-2025, for instance, India Brand Equity Foundation (IBEF) is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, the retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015.

The global plastic packaging market size was valued at US$ 300.86 billion (revenue) and 91,520.07 kilo tons (volume) in 2016 and is expected to expand at a CAGR of 5.3% in terms of revenue and 5.1% in terms of volume during 2017 – 2025.

Market Dynamics

Rigid packaging segment is expected to dominate the plastic packaging market over the forecast period and is expected to expand at a CAGR of over 5.6% in terms of revenue and 5.3% in terms of volume. According to a study conducted by Coherent Market Insights, the industrial end use industry segment in global Plastic Packaging market is projected to reach over US$ 21.45 billion by the end of the calendar year 2017. Plastic packaging drives the cutting edge solutions to innovative packaging solution, which protects fragile goods, low cost and provides easy transportation. High Density Polyethylene (HDPE), is largely used as a plastic packing material, due to its high chemical resistance and tensile strength, is in turn finds wide application in various end use industries, such as chemical and cosmetics industry. Also, the un-pigmented HDPE bottles and containers are translucent and provide better stiffness and best suited for short self-life products, such as milk. However, due to rising consumer preferences for good health and bio based packaging material is projected to be the key challenges for the growth of plastic packaging. Also, the market leading packing industry is continuously investing to develop environment friendly and bio based packaging. For instance

• June 7, 2016, EEQO in collaboration with Braskem and Avery Dennison, introduced a biobased polyethylene self-adhesive label supports brands in their quest for more sustainable packaging.

Request for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/394

Regional Insights

Asia Pacific, followed by Europe and North America, respectively, accounted for major share in the global plastic packaging market both in terms of revenue and volume in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Asia Pacific held a share of 41.8% in terms of volume, followed by Europe (24.3%). The growing demand for rigid packaging product in Asia Pacific due to growing demand for packaged and convenience food coupled with growing population and infrastructure development of retail and hospitality sector is expected to drive growth of the global plastic packaging market over the forecast period. According to a study conducted by Coherent Market Insights, the household product, end use segment market is expected to witness a CAGR of 5.3% from 2017 to 2025 in terms of revenue which in turn is expected to fuel the global plastic packaging market.

Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion

Product portfolio expansion and geographical expansion are the key market trends which are expected to shape the industry in the near future. Major players in the global plastic packaging market include Amcor Ltd., Sealed Air Corporation, Bemis Company, Sonoco Products Company, Mondi Plc., Tray Pack Corporation, Lacerta Group Inc., Bemis Company Inc., Alwin Lehner GmbH & Co. Kg, RPC Group Plc among others.

Browse Research Report @ https://www.coherentmarketinsights.com/market-insight/plastic-packaging-market-394

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Visit Coherent Market Insights Blog @ https://blog.coherentmarketinsights.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/coherent-market-insights

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release GLOBAL PLASTIC PACKAGING MARKET TO SURPASS US$ 480.97 BILLION BY 2025, UNDERPINNED BY BURGEONING GROWTH IN DEMAND FOR RIGID PACKAGING here

News-ID: 596205 • Views: 844

More Releases from Polymers and Resins Report by CMI

GLOBAL CROSS-LINKED POLYETHYLENE MARKET TO SURPASS US$ 9.47 BILLION BY 2025, WIT …
Cross Linked Polyethylene – Insights Polyethylene are low cost commodity plastics that can be reused due to its thermoplastic nature. Cross-linking of polyethylene helps enhance its thermal resistance and the end product so obtained is transformed from thermoplastic to thermosetting plastic. High density polyethylene (HDPE) segment dominated the market in 2016, according to the stats provided by Coherent Market Insights. Cross-linked HDPE is gaining traction over raw HDPE due to its thermosetting
GLOBAL CAPROLACTAM MARKET TO SURPASS US$ 17.31 BILLION BY 2025, BUOYED BY RAMPAN …
Caprolactam – Resins and Fibers that hold the World Together Nylon 6 fiber and nylon 6 resin have wide applications in automotive and textile industry due to their high tensile strength and superior elasticity. Automakers are focusing on light weighting of vehicles in order to improve fuel efficiency and performance. Thus, metallic parts of automobile are being rapidly replaced by polyamide 6 and nylon 6 due to high temperature and chemical
GLOBAL POLYETHYLENE TEREPHTHALATE MARKET TO SURPASS US$ 60.73 BILLION BY 2025, B …
Polyethylene Terephthalate – Insights Polyethylene terephthalate is a remarkable cost and energy efficient packaging material, which finds wide applications in various end use industries, due to its versatility, strength and recyclability and hence is projected to boost an excellent sustainability during 2017-2025. However, growing environment pollution from chemical and petrochemical industry is expected to be one of the key concerns for the PET market. Despite various environment regulations PET is much
GLOBAL ADIPIC ACID MARKET TO SURPASS US$ 12.12 BILLION BY 2025, BUOYED BY INCREA …
Adipic Acid – Insights Adipic acid or hexanedioic acid are organic compounds with molecular formula (CH2)4(COOH) 2. Adipic acids are commercially formed by the reaction between cyclohexanone and cyclohexanol. High purity adipic acids are used in the manufacture of polyurethane. These are widely used in home furnishing applications such as bedding foam, furniture, and carpet underlays. These are widely used in cushioning materials to make furniture more comfortable and durable. Increasing applications

All 5 Releases


More Releases for Coherent

Food Additives Market Segments, Share, Trends 2027 | Coherent Market Insights
The Food Additives report presents high-quality and wide-ranging research study with key factors that are expected to have a Major impact on the Food Additives during the forecast period. The report present Key Market segments valued based on its growth rate and share.This report also provides an analysis of the impact of the COVID-19 pandemic on Industrial Labels Industry.The report explains the historical and current trends that are shaping
Tissue Paper Market Segments, Share, Trends 2027 | Coherent Market Insights
The Tissue Paper Industry market report studies vital factors about the Tissue Paper Industry that are essential to be understood by existing as well as latest market players. The report highlights the essential elements such as market share, profitability, production, sales, manufacturing, advertising, key market players, regional segmentation, and many more crucial aspects related to the Global Tissue Paper Industry Market. This Tissue Paper market report aims to provide all the
Thaumatin Market Segments, Share, Trends 2027| Coherent Market Insights
Coherent Market Insights, the fastest growing market research company, released a report on the Thaumatin . This market report offers an overall scope of the market which includes future supply and demand scenarios, changing market trends, high growth opportunities, and in-depth analysis of the future prospects of the market. The report discusses the competitive data analysis of emerging and leading market players. Further, it offers comprehensive data analysis on risk
Gaffers Tape Market Segments, Share, Trends 2027| Coherent Market Insights
Global Gaffers Tape Market research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Gaffers Tape analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. Results of the recent scientific undertakings towards the development of Gaffers Tape
AI App Development || Coherent Lab LLP
The IT industry is growing day by day and immense popularity. Nowadays, businesses are in search of better opportunities to make money in more innovative way. Considering the AI (artificial intelligence) in mobile and web app development, we at Coherent Lab LLP focuses on developing practical solutions which streamlines to generate more and more profits and smoothen the operations as well. Situated in the heart of pinkcity, Jaipur, Coherent Lab
PHASE-XS – A New Proprietary Database of Coherent Market Insights
PHASE-XS is a database developed by Coherent Market Insights, a market intelligence and consulting company. This database provides clinical information about phase 3 and phase 4 products for biologics and biosimilars. Information related to trial design, current phase, patent expiry, indication, technology, therapeutic category, approved indications, end point analysis, research locations, dosage, physician-administered or self-administered, route of administration, update, reimbursement, addressable patient population, and more of key data is included