Uploaded on Mar 24, 2021
Plasticsare organic compounds with high molecular weight, which consists of a large range of synthetic organic compounds which can be molded into various shapes, due to malleability. Whereas, packaging is a technology, which involves enclosing and protecting various types of products for storage, distribution, sale and use. Plastic packaging materials are prepared from petroleum and its derivatives, which finds wide application areas in various end use industries.
Plastic Packaging Market
Plastic Packaging Market Regional Demand, Trends and Forecast To 2027
Market Overview
Plastics are organic compounds with high molecular weight, which consists of a large range of
synthetic organic compounds which can be molded into various shapes, due to malleability.
Whereas, packaging is a technology, which involves enclosing and protecting various types of
products for storage, distribution, sale and use. Plastic packaging materials are prepared from
petroleum and its derivatives, which finds wide application areas in various end use industries.
Polyethylene terephthalate (PET), is used as the primary feedstock in the manufacture of plastic
bottles, which finds large application in food & beverages, pharmaceuticals and cosmetics industry
due to its high durability, light weight, low cost and recyclability properties. However, stringent
government regulations for petroleum and chemicals industry due to release of large amount of
CO2 and greenhouse gases coupled with crude oil price fluctuation are expected to hinder the
market for global plastic packaging.
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Market Dynamics
Asia Pacific dominated the market in 2016 and the trend is expected to remain the same during
2017-2025. The increasing demand for rigid packaging in various end-use industries such as food &
beverages, personal care and pharmaceuticals due to low production cost of plastic packaging in
China and India over following years is the major driving force to position Asia-Pacific as the
largest and fastest-growing region in the global plastic packaging market.
Detailed Segmentation:
•Global Plastic Packaging Market, By Product Type:
•Rigid Packaging
•Flexible Packaging
•Global Plastic Packaging Market, By End Use Industry:
•Food & Beverages
•Industrial
•Household Products
•Personal Care
•Medical
•Others
Key companies covered as a part of this study 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.
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