Plastic packaging is best for packing food and medicine to ensure quality. Market Research Future (MRFR) has published a research report about the global plastic packaging market that calculates hike for this market at 5% CAGR during the forecast period between 2016 and 2022. By value, the market has been figured to be worth the USD 400 bn by the end of the forecast period.
The major factor making the global plastic packaging market climb high is the global growth in the healthcare industry and food & beverages industry. Other factors ensuring the market growth include changing consumer lifestyle, rapid urbanization, demand for processed and packaged foods due to convenience, growing awareness about health & fitness, increasing health risks, rise in manufacturing activities, and limited shelf life of many food items, as well as, medicines.
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Key Players
Major players in the global plastic packaging market include
- Amcor Ltd (Australia)
- Ampac Holdings LLC (USA)
- BASF SE (Germany)
- Bemis Company Inc. (USA)
- Constantia Flexibles International GmbH (Germany)
- Crown Holdings Inc. (USA)
- Huhtamaki Oyj (Finland)
- Mondi Group (Austria)
- Saint-Gobain (France)
- Sealed Air Corporation (USA)
- Sonoco Products Company (USA)
- Wipak Group (Germany)
Latest Industry News
Packaging & paper manufacturer Mondi Group has started Project Proof that is being facilitated by the Ellen MacArthur Foundation (EMF). This project has created a proof-of-concept prototype that is a flexible plastic pouch. This pouch incorporates a minimum of 20% post-consumer plastic waste originating from mixed household waste. The new pouch can be used for packaging household products such as detergent. 10 JUNE 2019
Market Segmentation
The global Plastic Packaging Market segmentation covers application and type. MRFR is exploring the features of these segments to understand market trends.
Based on the application, the market segmentation covers food & beverages, healthcare, industrial, personal care, and others. Among these segments, food & beverages segment is expected to witness the highest growth during the forecast period as the demand for packaged food is also growing due to rapid urbanization. However, rapid growth in the pharmaceutical industry can also open the door for the growth of the healthcare segment.
By type, the market has been segmented into flexible packaging and rigid packaging. During the forecast period, the rigid packaging segment is expected to hold the larger market share due to its larger preference among end-users. Beverage sector requires rigid packaging to ensure high quality, hygiene, and health quotient of products that are otherwise perishable and have a limited shelf life. The demand for rigid packaging can also get boosted due to its requirement in the retail sector.
Regional Segmentation
The regional segmentation of the global plastic packaging market covers Asia Pacific, Europe, North America, and Rest of the World (RoW).
Asia Pacific region dominates the global market as it is the fastest growing regional market. The major market driving factors in this region is rapid development in the food & beverages industry and healthcare industry. The second factor progressing the market growth is growing investment in these two industries. Other factors responsible for market growth in this region are rapid urbanization, rising disposable income, and a growing population in countries like China and India. Indonesia has also been estimated to experience similar market growth. Other key country-specific markets in this region are Australia and Japan.
During the forecast period, North America is expected to witness stable growth due to the presence of many key market players, technological advancement, and heavy food subsidization in the USA that aids the growth of food & beverage industry. Canada and Mexico are two other major country-specific markets in this region.
In Europe, the market can grow during the forecast period due to a staggering demand for rigid packaging from the food & beverage sector. In terms of technological advancement, Europe is second only to North America. The vital revenue contributors to this market are France, Germany, Italy, Spain, and the UK. Other countries of Europe also contribute significantly to the market growth.
The RoW segment covers Latin America and the Middle East & Africa (MEA) region. Latin America, as a market, is smaller than North America, due to the limited availability of advanced technology in this region. The most vibrant economies that can emerge as powerful markets are Argentina and Brazil. In the MEA region, the market is limited due to the lack of skilled labor and lack of technology.
Scope of Report
The report for Global Plastic Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Study Objectives of Global Plastic Packaging Market
- To provide detailed analysis of the market structure along with forecast for the next 10 years of various segments and sub-segments of the global plastic packaging market
- To provide insights about factors affecting the market growth
- To Analyze the global plastic packaging market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by Type, Application and by Region.
- To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global plastic packaging market
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued……
List of Tables
Table 1 World Population by Major Regions (2015 to 2030) (Million)
Table 2 Global Plastic Packaging Market: by Region, 2014-2022 (Usd Million)
Table 3 Global Plastic Packaging Market: by Region, 2014-2022 (Kt)
Table 4 North America Global Plastic Packaging Market: by Country, 2014-2022 (Usd Million)
Table 5 Europe Global Plastic Packaging Market: by Country, 2014-2022 (Usd Million)
Table 6 Asia-pacific Global Plastic Packaging Market: by Country, 2014-2022 (Usd Million)
Table 7 Row Global Plastic Packaging Market: by Country, 2014-2022 (Usd Million)
Table 8 Global Plastic Packaging for Material Market: by Regions, 2014-2022 (Usd Million)
Continued………
List of Figures
Figure 1 Global Plastic Packaging Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Plastic Packaging Market
Figure 4 Value Chain of Global Plastic Packaging Market
Figure 5 Share of Global Plastic Packaging Market in 2014, by Country (in %)
Figure 6 Global Plastic Packaging Market, 2015-2022, (Usd Billion)
Figure 7 Sub-segments of Applications
Figure 8 Global Plastic Packaging Market Size by Application
Continued…….
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