Market Overview

Plasticsare organic compounds with high molecular weight, which consists of a large range of synthetic organic compounds which can be molded into various shapes, due to malleability. Whereas, packaging is a technology, which involves enclosing and protecting various types of products for storage, distribution, sale and use. Plastic packaging materials are prepared from petroleum and its derivatives, which finds wide application areas in various end use industries.

Polyethylene terephthalate (PET), is used as the primary feedstock in the manufacture of plastic bottles, which finds large application in food & beverages, pharmaceuticals and cosmetics industry due to its high durability, light weight, low cost and recyclability properties. However, stringent government regulations for petroleum and chemicals industry due to release of large amount of CO2 and greenhouse gases coupled with crude oil price fluctuation are expected to hinder the market for global plastic packaging.

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Market Dynamics

Asia Pacific dominated the market in 2016 and the trend is expected to remain the same during 2017-2025. The increasing demand for rigid packaging in various end-use industries such as food & beverages, personal care and pharmaceuticals due to low production cost of plastic packaging in China and India over following years is the major driving force to position Asia-Pacific as the largest and fastest-growing region in the global plastic packaging market.

Detailed Segmentation:

Global Plastic Packaging Market, By Product Type:

Rigid Packaging

Flexible Packaging

Global Plastic Packaging Market, By End Use Industry:

Food & Beverages

Industrial

Household Products

Personal Care

Medical

Others

Key companies covered as a part of this study include Amcor Ltd., Sealed Air Corporation, Bemis Company, Sonoco Products Company, Mondi Plc., Tray Pack Corporation, Lacerta Group Inc., Bemis Company Inc., Alwin Lehner GmbH & Co. Kg, RPC Group Plc.

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