This study offers a latest published report on; the Global Plastic Packaging Market is accounted for $301.52 billion in 2017 and is expected to reach $486.58 billion by 2026 growing at a CAGR of 5.4% during the forecast period.
Plastics are organic compounds with high molecular weight, which consists of a broad range of synthetic organic compounds which can be molded into a variety of shapes, due to malleability. Plastic products have progressively more substituted materials such as wood, paper, metals and glass in many applications.
Plastic bottles and plastic containers are relatively inexpensive due to their corrosion resistance, lightness, and the ease with which plastic itself can be made into various shapes for many purposes.
The inert nature of plastic and its ability to preserve products for a long time make it a popular choice in the F&B industry.
SOME OF THE KEY PLAYERS PROFILED IN THE PLASTIC PACKAGING MARKET INCLUDE
Sonoco Products Company, AMCOR Limited, Berry Plastics Corporation, Ardagh Group, AEP Industries, ALPLA-Werke, APPE, Bischof + Klein, Britton Group, Clondalkin Group, Constantia Flexibles, Daibochi Plastic, DS Smith, Flextrus, Graham Packaging, CPMC, BWAY, Alpla Werke Alwin Lehner GmbH & Co. KG, Bemis Company, Inc., Can-Pack, Consolidated Container Company, Coveris Holdings S.A., Crown Holdings, Greif, Huhtamäki Oyj, Kian Joo Group, Mondi Group, Reynolds Group Holdings Limited, Sealed Air Corporation and Zhuhai Zhongfu Enterprise Co. Ltd.
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Packaging is a technology, which involves enclosing and protecting different types of products for storage, distribution, sale and use. Plastic is frequently more price-competitive and also offers better performance. As a recyclable material, plastic provides environmental benefits such as waste reduction and energy savings.
Based on End User, beauty & personal care segment held significant market share during the forecast period. Personal care packaging includes that of products such as cosmetics and toiletries. This industry has witnessed remarkable growth over the past few years due to increasing consumer awareness toward grooming and hygiene.
By geography, Asia Pacific dominated the global market which can be attributed to rapidly growing end-use industries in key economies which is likely to drive demand for the market in this region over the forecast period.
This study categorizes the global Plastic Packaging breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
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This report researches the worldwide Plastic Packaging market size (value, capacity, production and consumption) in key regions like North America (US, Canada, Mexico), Europe (Germany, UK, Italy, France, Spain, Rest of Europe), Asia Pacific (Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific), South America (Argentina, Brazil, Chile, Rest of South America), Middle East & Africa (Saudi Arabia, UAE, Qatar, South Africa, Rest of Middle East & Africa) and other regions.
Type of Plastics Covered:
- Poly Vinyl Chloride
- Polyethylene Teraphthalate
- Other Materials
- Bottles & Jars
- Other Product Types
End Users Covered:
- Beauty & Personal Care
- Food & Beverages
- Healthcare & Pharmaceuticals
- Other End Users
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