The latest report by IMARC Group, titled “Plastic Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global plastic packaging market growth. The global market is expected to exhibit a growth rate (CAGR) of 4.1% during 2023-2028.
Plastic packaging refers to the use of plastic materials to contain, protect, and present various products for storage, transportation, and sale. It encompasses a wide range of packaging items, including bottles, containers, bags, and films, made from different types of plastics like polyethylene, polypropylene, and PET. It offers several advantages, such as durability, flexibility, and cost-effectiveness. It provides effective barriers against moisture, oxygen, and contaminants, prolonging the shelf life of goods. At present, plastic packaging finds extensive applications in industries ranging from food and beverages to pharmaceuticals, cosmetics, and consumer goods due to its versatility and cost-effectiveness.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/plastic-packaging-market/requestsample
Plastic Packaging Market Trends and Drivers:
The global plastic packaging market is primarily driven by the rising demand for lightweight, durable, and cost-effective packaging solutions across various industries, including food and beverages, pharmaceuticals, and consumer goods. Moreover, numerous advancements in plastic manufacturing technologies, leading to improved barrier properties, recyclability, and sustainability, that enhance the appeal of plastic packaging have catalyzed market growth. Apart from this, changing consumer preferences for convenient and visually appealing packaging options is another major growth-inducing factor. Additionally, the increase in e-commerce and online shopping that necessitates secure and protective packaging materials are propelling market growth. Furthermore, several favorable government regulations related to packaging waste and environmental concerns are contributing to market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Material:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS) and Expanded Polystyrene (EPS)
- Polyvinyl Chloride (PVC)
- Others
Breakup by Product:
- Bottles and Jars
- Trays and Containers
- Others
Breakup by End Use Industry:
- Food and Beverages
- Healthcare
- Cosmetics and Personal Care
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitors Landscape with Key Players:
- ALPLA-Werke Alwin Lehner GmbH & Co. KG
- Amcor plc
- Anchor Packaging LLC
- Berry Global Inc.
- Honeywell International Inc.
- Huhtamäki Oyj
- Mondi plc
- Printpack
- Sealed Air Corporation
- Sonoco Products Company
- Winpak Ltd.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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