The global Plastic Packaging Market is expected to grow is expected to reach 315.5 billion USD by 2025, from 265.2 billion USD in 2020.at a CAGR of 4.1%.
The global plastic packaging market size is estimated to reach USD 320.56 billion by 2025, experiencing revenue on the basis of a CAGR of 4.2% in the determined time. Plastic packaging has become an integral part of many businesses because of its cutting-edge design that assists in providing innovative packaging solutions. The plastic packaging is utilized for the shielding of sensitive products that are hard to carry and transfer. Plastic is known to be of less cost and durable performance to the goods. Plastic packaging is employed for the protection of goods when in transit, storage, and distribution. It also shields and escalates shelf life of goods from breaking, spoiling, and contamination. It acts as a way to provide customer information about the product and handle brand identity and variation.
Plastic packaging has been extensively permitted and acknowledged in packaging customer goods; from food items and electronic devices to big business equipment and machines. It serves as an easy and durable way of packaging for several businesses. Plastic packaging businesses have matured with the advent of technology and overall environmental awareness. The global plastic packaging market is multiplying were mature markets are offering a modest expansion rate whereas the latest growing markets are opening up the latest opportunities for prospective expansion rate. Plastics are organic materials with a notable molecular weight that is made of different synthetic organic elements that can be shaped into a variety of shapes, because of malleability. Plastic products comprise several altered elements like wood, paper, metals, and glass in numerous uses. The packaging is a technique that has to enclose and protecting several kinds of goods for storing purpose, distribution, sale, and utilization. Plastic is generally more competitive in price and also offers good performance. As a recyclable material, plastic offers environmental advantages like waste reduction and energy savings.
What is Plastic Packaging?
Plastic packaging is utilized highly in almost every business owing to its cutting-edge design that assists in providing innovative packaging solutions. The plastic packaging is employed for the protection of goods which are fragile, hard to carry, and transport. Plastic provides cost-effective and durable performance to the products. Plastic packaging is used for the protection of goods when in transit, storage, and distribution. It also protects and increases the shelf life of products from breakage, spoilage, and contamination. It acts as a way to provide customer information about the product and handle brand identity and variation.
Plastic packaging has been broadly approved and accepted in packaging customer goods; from food items and electronic devices to large business equipment and machines. Plastic packaging serves as a comfortable and durable way of packaging for several businesses. Plastics are organic compounds with a considerable molecular weight that is made of a wide variety of synthetic organic compounds that can be shaped into a variety of shapes, owing to malleability. Plastic products have significantly more altered materials like wood, paper, metals, and glass in numerous uses.
Mondi Group, the worldwide packaging, and the paper company will showcase numerous innovations that fulfill packaging trends and the rising call for sustainable solutions at three key industry events this September and October.
Kohlberg will merge the acquired business unit with its hard healthcare packaging unit Nelipak. The operations of Bemis to have collaborated with Nelipak are located in the UK and Ireland. The collaborated business will work under the Nelipak Healthcare Packaging brand. Nelipak offers custom-designed hard healthcare packaging solutions employed for Class II and Class III medical devices, and pharma drug delivery products.
Packaging materials maker Tekni-Plex has entered a definitive buying agreement to purchase three production facilities from Australian packaging company Amcor’s Flexible Packaging business unit for a cash consideration of $215m (~€248m). The three facilities are situated at Madison and Milwaukee in Wisconsin, US, and Ashland in Massachusetts, US.
Drivers & Restraints in the Plastic Packaging Market
Plastic packaging businesses have matured with the advent of technology and overall environmental awareness. The worldwide plastic packaging market is rising continuously in which mature markets are offering a modest expansion rate. In contrast, the latest growing markets are opening up the latest opportunities for prospective expansion rate. The packaging is a technology that includes enclosing and protecting various kinds of products for storage, distribution, sale, and utilization. Plastic is considered as more price-competitive and offers improved performance. As a recyclable material, it offers environmental advantages like waste reduction and energy savings.
With problems regarding the effects of plastic on the environment, changing customer requirements, and escalating call, the plastic packaging business is enhancing and incorporating the changes which are advantageous to all sectors. The expansion of the plastic film market is one of the significant drivers of the plastic packaging business. Flexible plastic films can be used as stretch and shrink films in wrapping processed food items, meat, and vegetables. Some more benefits, such as lower truck space occupation will boost end-users to use plastic film packaging over the other packaging solutions. The rising call for PET bottles is one of the significant trends estimated to gain traction in the global plastic packaging market.
The beverage segment is showcasing a high call for PET bottles, mainly from the bottled water sector. Makers are now focusing on the alcoholic beverage market sector, which will see an elevated call for PET bottles. The plastic packaging business is showcasing a rise with the expansion of the global e-commerce business. Corrugated boxes (plastic and cardboard), polybags, and protective packagings such as bubble wraps and air pillows are vital types of packaging employed in e-commerce. Hence, the rising call for corrugated plastic packaging products from logistics and e-commerce companies is driving the total expansion of the global plastic packaging market size.
Market Size Available
2020 – 2025
2020 - 2025
By Type, Product, End-user and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Mondi Group, Berry Plastics Corporation, Sonoco Products Company, Amcor Limited, DS Smith plc, Bemis Company, Inc., NatureWorks LLC, Consolidated Container Company, Reynolds Group Holdings Limited, and Alpla Werke Alwin Lehner GmbH & Co. KG
Plastic Packaging Market segmentation as per the research report until 2025.
Plastic Packaging Market – By Type
The flexible plastic packaging is assumed to progress at the fastest rate throughout the foreseen period due to more call from food and beverage, and pharmaceutical segments. Flexible plastic packaging provides benefits of cost-effectiveness, escalated durability and flexibility, better visual appearance, and convenience compared to its counterpart.
Plastic Packaging Market - By Product
The bottles sector held the dominant portion in the global market in 2019 due to rising usage in medical applications, and expanding need for PET bottles for soft drinks and water.
Plastic Packaging Market - By End-User
Based on End-User, the personal care and home care segment is supposed to hold a significant market share during the forecast period. Personal care packaging includes that of products like cosmetics and toiletries.
Plastic Packaging Market – By Region
Middle East & Africa
The Asia-Pacific plastic packaging market is estimated to lead the global business in the foreseen period, from 2020 to 2024. Regional supremacy of Asia Pacific is assigned to the rising eminence of the food and beverage business in countries such as China and India. As the plastic packaging finds escalated employment in different applications in healthcare, beverage, and food businesses, the plastic packaging business is expected to showcase fast expansion in the region. In addition, a rise in population escalated customer expenditure, and rising disposable income is estimated to boost the expansion of the plastic packaging market in the Asia Pacific. Moreover, increasing the popularity of beauty and personal care products is also probable to boost the expansion of the market in the Asia Pacific.
The major players in the Plastic Packaging Market are Mondi Group, Berry Plastics Corporation, Sonoco Products Company, Amcor Limited, DS Smith plc, Bemis Company, Inc., NatureWorks LLC, Consolidated Container Company, Reynolds Group Holdings Limited, and Alpla Werke Alwin Lehner GmbH & Co. KG.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Rigid Plastic Packaging
5.1.3 Flexible Plastic Packaging
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2.5 Bakery & Cereals
5.2.8 Y-o-Y Growth Analysis, By Product
5.2.9 Market Attractiveness Analysis, By Product
5.2.10 Market Share Analysis, By Product
5.3 End User
5.3.2 Food and Beverages
5.3.6 Personal and Home Care
5.3.8 Y-o-Y Growth Analysis, By En User
5.3.9 Market Attractiveness Analysis, By End User
5.3.10 Market Share Analysis, By End user
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Ingredient
126.96.36.199 By Product
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Ingredient
220.127.116.11 By Product
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Ingredient
126.96.36.199 By Product
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Alpla Werke Alwin Lehner GMBH & Co., Kg
8.4 Berry Plastics Corporation
8.5 Consolidated Container Company
8.6 Coveris Management GMBH
8.7 Huhtamaki Oyj
8.8 Mondi Plc
8.9 Reynolds Group Holdings Limited
8.10 Sealed Air Corporation
8.11 Sonoco Packaging Company
8.12 Zhuhai Zhongfu Enterprise Co. Limited
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of By Type, by Product, by End User, and along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Plastic Packaging Market By Region, From 2020-2025 ( USD Billion )
Global Plastic Packaging Market By Type, From 2020-2025 ( USD Billion )
Global Rigid Plastic Market By Region, From 2020-2025 ( USD Billion )
Global Flexible Plastic Market By Region, From 2020-2025 ( USD Billion )
Global Plastic Packaging Market By Material, From 2020-2025 ( USD Billion )
Global Polyethylene Terephthalate Market By Region, From 2020-2025 ( USD Billion )
Global Polyethylene Terephthalate Market By Region, From 2020-2025 ( USD Billion )
Global Polystyrene Market By Region, From 2020-2025 ( USD Billion )
Global Polypropylene Market By Region, From 2020-2025 ( USD Billion )
Global PolyVinyl Chloride Market By Region, From 2020-2025 ( USD Billion )
Global Plastic Packaging Market By Applications, From 2020-2025 ( USD Billion )
Global Food and Beverage Market By Region, From 2020-2025 ( USD Billion )
Global Beauty and Personal Care Market By Region, From 2020-2025 ( USD Billion )
Global Healthcare and Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )