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Plastic Packaging Market 2019-2026| by Major Companies: Amcor plc, Bemis Company, Inc., Sonoco Products Company, Sealed Air, CCC Packaging, Reynolds Pens, Berry Global

Plastic Packaging Market

Global Plastic Packaging Market By Type (Rigid Plastics, Flexible Plastics), Material Type (Polypropylene, Polyethylene, Poly Vinyl Chloride, Polystyrene, Ethylene Vinyl Alcohol, Bioplastic, Polyethylene Terephthalate, Polyamide, Others), Application (Food & Beverages, Industrial, Household Products, Personal Care, Medical, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 ;

Global plastic packaging market is expected to rise to an estimated value of USD 180.56 billion by 2026; registering a substantial CAGR in the forecast period of 2019-2026.

This Plastic Packaging report offers detailed coverage of the market and demonstrates each player active in the industry.  It supplies a comprehensive analysis of the business aspects like market size, recent development advances, stocks, general tendencies and inventions. Additionally, the data included in the Plastic Packaging report was compiled through data methods like secondary and primary search.  An expert group of analysts throws light in addition to lively location of the worldwide market. The Plastic Packaging report provides accurate data and insights related to global market which include CAGR, value, volume, consumption, production, growth rate and revenue.

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Companies Profiled in this report includes, Amcor plc, Bemis Company, Inc., Sonoco Products Company, Sealed Air, CCC Packaging, Reynolds Pens, Berry Global Inc., Mondi, COVERIS, ALPLA, Zhuhai Zhongfu Enterprise Co. Limited, Huhtamaki, Winpak Ltd., BALL CORPORATION, Tetra Laval International S.A., DS Smith, PROLAMINA PACKAGING

 Plastic packaging is used widely in almost every industry due to its cutting edge design that helps to deliver innovative packaging solutions. The plastic packaging is used for the protection of fragile goods that are difficult to carry and transport. Plastic provides cost effective and durable performance to the products

Market Drivers:

  • Rapid growing demand of convenient packaging from various industries such as food and beverages and personal care, is driving the growth of the market
  • Urbanization, cost efficiency and product safety are the major factors driving the growth of the market
  • Growing consumer awareness related to eco-friendly packaging

Market Restraints:

  • Awareness campaigns for minimising the usage of plastic hinders the market growth
  • Non-recyclable nature of plastics restricts its usage and hence, acts as a restraint for the growth of the market
  • Strengthening of government regulations related to packaging

Global Plastic packaging Market Segmentation:

By Type

  • Rigid Plastics
  • Flexible Plastics

By Material Type

  • Polypropylene
  • Polyethylene
  • Poly Vinyl Chloride
  • Polystyrene
  • Ethylene Vinyl Alcohol
  • Bioplastic
  • Polyethylene Terephthalate
  • Polyamide
  • Others

By Application

  • Food & Beverages
  • Industrial
  • Household Products
  • Personal Care
  • Medical
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In June 2019, CCC Packaging announced the acquisition of a U.S. packaging solutions provider, Tri State Distribution. The acquisition will help the company to build strong its pharmaceutical packaging segment by merging the products of acquired company into its own portfolio.
  • In October 2018, Sealed Air announced their innovative packaging solutions to be 100% reusable and recyclable by the year 2025. The company will collaborate with other players to ensure the execution of the new project.

Competitive Analysis:

Global plastic packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plastic packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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This Plastic Packaging report offers detailed coverage of the market and demonstrates each player active in the industry.  It supplies a comprehensive analysis of the business aspects like market size, recent development advances, stocks, general tendencies and inventions. Additionally, the data included in the Plastic Packaging report was compiled through data methods like secondary and primary search.  An expert group of analysts throws light in addition to lively location of the worldwide market. The Plastic Packaging report provides accurate data and insights related to global market which include CAGR, value, volume, consumption, production, growth rate and revenue.

Research objectives

  • To study and analyze the global Plastic Packaging market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2026.
  • To understand the structure of Plastic Packaging market by identifying its various sub segments.
  • Focuses on the key global Plastic Packaging players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Plastic Packaging with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the size of Plastic Packaging submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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