The market for plastic packaging is driven by growth in food & beverages and healthcare industries globally. The change in consumer’s lifestyle with rapid urbanization has augmented the demand for plastic packaging. The consumers demand convenience processed and packaged foods which reduce the cooking time. This has resulted in increasing use of plastic packaging in food & beverage industries.
The global plastic packaging market is expected to cross USD 400 Billion at the end of the forecasted period and is expected to grow at CAGR of approximately 5% from 2016 to 2022.
Major Key Players
- Amcor Ltd
- BASF SE
- Crown Holdings Inc.
- Bemis Company Inc.
- Huhtamaki Oyj
- Mondi Group
- Sealed Air Corporation
- Sonoco Products Company
- Constantia Flexibles International GmbH
- Ampac Holdings LLC
- Wipak Group
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Food & beverage was valued as the largest application for plastic packaging market in 2015. Over 54% of the volume consumption in 2015 was attributed to the food & beverage industry. It is expected to show far reaching results by 2022 in the APAC region. Furthermore the increasing health risks and growing health and fitness awareness has further fueled the market for plastic packaging.
Plastic is one of the most preferred packaging material by the companies and the consumers due to its properties such as rigidness, lightweight and durability. The applicability in the packaging market across all applications and industries has widened over a period of time. With rapid economic development in emerging nations, there is a change in lifestyles of common people. This induces the packaging in both food & beverage and healthcare industries.
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Regional Analysis of Global Packaging Machinery Market
APAC dominates the global plastic packaging market with its fast growing market worldwide. Over 35% of total volume consumption in 2015 was valued for APAC region. The region is expected to show some rapid development in healthcare and food & beverages industries along with increased investment in the same.
However, North America had the largest market size in 2015 and is expected to show steady growth by 2022. Europe and Rest of the World are also expected to grow from 2016 to 2022. The food and beverage market in Europe is expected to show some staggering growth which is expected to drive the plastic packaging market by 2022.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 120 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Plastic Packaging Market Research Report – Forecast to 2022”.
Study Objectives of Global Plastic Packaging Market
- To provide detailed analysis of the market structure along with forecast for the next 10 years of various segments and sub-segments of the global plastic packaging market
- To provide insights about factors affecting the market growth
- To analyze the global plastic packaging market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by Type, Application and by Region.
- To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global plastic packaging market
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7. Global Plastic Packaging Market by region
8. Global Plastic Packaging Market by Material
9. Global Plastic Packaging Market by Product
10. Applications Of Global Plastic Packaging Market
11 Company Profiles
11.1 Amcor Ltd.
11.1.3 Product Portfolio
11.1.4 Business Strategies
11.1.5 Recent Development
11.2 BASF SE
11.2.3 Product Portfolio
11.2.4 Business Strategies
11.2.5 Recent Development
11.3 Crown Holdings Inc.
11.3.3 Product Portfolio
11.3.4 Business Strategies
11.3.5 Recent Development
11.4.3 Product Portfolio
11.4.4 Business Strategies
11.4.5 Recent Development
11.5 Bemis Company Inc.
11.5.3 Product Portfolio
11.5.4 Business Strategies
11.5.5 Recent Development
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