Plastic Packaging Market Share
Summary
Global Plastic Packaging Market Share, Information by Type (Rigid packaging and Flexible
packaging) by Application (Food & beverages, Industrial, Healthcare, Personal care, and others)
and by Region - Forecast to 2022
Plastic Packaging Market Overview
Market Research Future (MRFR) reports that the global Plastic Packaging Market Share is expected
to cross the USD 400 Bn mark, at a growth rate of CAGR 5% over the forecasted period (2016-2022).
The rise in manufacturing activities and conveniently packaged products, is going to play a
noteworthy role in the market expansion of plastic packaging.
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Key Players
Key players who are currently impacting the global Plastic Packaging Market Share are Amcor Ltd,
BASF SE, Crown Holdings Inc., Saint-Gobain, Bemis Company Inc., Huhtamaki Oyj, Mondi Group,
Sealed Air Corporation, Sonoco Products Company, Constantia Flexibles International GmbH, Ampac
Holdings LLC and Wipak Group.
Drivers and Restraints:
The booming healthcare industry can also become a profitable area for the plastic packaging
industry. Plastic is better than glass when it comes to reducing the probability of damage, leaks and
maintaining hygiene. For IV tubes, syringes, IV bags, plastic packaging is the most preferred option.
Industry News
However, there is mounting pressure from the consumers on the manufacturers regarding the
carbon footprint. It has driven the plastic manufacturers towards developing bioplastics and
investing in recyclable products.
Segmentation:
The global Plastic Packaging Market Share could be segmented based on type and application.
Based on the type, products can be segmented into rigid packaging and flexible packaging. Rigid
packaging is expected to generate the largest share of revenue. End-users prefer rigid packaging the
most. The proliferation of rigid plastic market into the beverage sector is based on the expectation of
it being of high quality, hygienic and healthy. The retail sector is also expected to boost the growth of
this segment during the forecast period.
Regional Analysis
Region-wise segmentation results in four prominent groups; North America, Europe, Asia Pacific, and
Rest-of-the-World (RoW). Asia Pacific is playing the pivotal role in this market by generating the
maximum amount of revenue for the global Plastic Packaging Market Share. In this region, China will
experience tremendous growth. Factors such as urbanization, rising disposable income, and growing
population are about to play a significant role in the growth of this market. India and Indonesia are
also going to witness similar growth rate as packaging demand in the personal care segment is on
the rise.
Europe is currently experiencing a staggering demand for rigid packaging from food & beverage
sector, which is going to boost their market prospect.
North America was the previous market leader and expects to showcase a steady growth rate during
the forecast period.
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