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Plastic Packaging Market Review: Long-Term Opportunity Vs. Short-Term Challenges
Plastic Packaging Market Latest Edition Published with Forecast to 2028- Nov 17, 2023
- Paper Packaging
According to the report, Developing rigid plastic packaging in food industries
is one of the primary growth factors for the market. Technological advancement in the packaging sector leads to lower packaging cost
is also expected to contribute significantly to the Plastic Packaging market. Overall, applications of Plastic Packaging, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMA’s Analyst on the Global Plastic Packaging Market identified that the demand is rising in many different parts of the world due to "Rising demand for the bio-based Plastic packaging material ". Furthermore, some recent industry insights like "In January 2022 - Novolex introduces innovative, recyclable trays for meat, fish, and poultry products. The container is called piranh. It is sealed by a series of raised teeth surrounding the sealing flange, rather than applying a layer of polyethylene or adhesive normally used to seal modified atmosphere pack (MAP) caps. and In March 2022 - Berry Global Inc. partnered with Koa to launch body wash and body lotion bottles made from 100% recycled plastic. As an industry leader in sustainability, Berry has a strong focus on making a positive environmental impact through streamlined operations, continuously engaged partners, and optimized products, a vision shared by Koa. Koa chose Berry as the supplier for this project because of its shared vision for sustainability in packaging." is constantly making the industry dynamic. One of the challenges that industry facing is "Environmental Issues due to Plastic Use and Growing Awareness of People about Eco-Friendly Material"
The End users, such as Food & Beverage Sector, is boosting the Plastic Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Function, such as Product protection and Preservation, is boosting the Plastic Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Products, such as Bag, is boosting the Plastic Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Type of plastic, such as PETE (Polyethylene Terephthalate), is boosting the Plastic Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Application, such as Food & Beverages, is boosting the Plastic Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Plastic Packaging market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Plastic Packaging market and other related sub-markets covered in the study.
o Key & emerging players in the Plastic Packaging market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Plastic Packaging market size is calculated using market estimation process, the Plastic Packaging market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Plastic Packaging market size has been validated using both top-down and bottom-up approaches.
AMA’s Analyst on the Global Plastic Packaging Market identified that the demand is rising in many different parts of the world due to "Rising demand for the bio-based Plastic packaging material ". Furthermore, some recent industry insights like "In January 2022 - Novolex introduces innovative, recyclable trays for meat, fish, and poultry products. The container is called piranh. It is sealed by a series of raised teeth surrounding the sealing flange, rather than applying a layer of polyethylene or adhesive normally used to seal modified atmosphere pack (MAP) caps. and In March 2022 - Berry Global Inc. partnered with Koa to launch body wash and body lotion bottles made from 100% recycled plastic. As an industry leader in sustainability, Berry has a strong focus on making a positive environmental impact through streamlined operations, continuously engaged partners, and optimized products, a vision shared by Koa. Koa chose Berry as the supplier for this project because of its shared vision for sustainability in packaging." is constantly making the industry dynamic. One of the challenges that industry facing is "Environmental Issues due to Plastic Use and Growing Awareness of People about Eco-Friendly Material"
The End users, such as Food & Beverage Sector, is boosting the Plastic Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Function, such as Product protection and Preservation, is boosting the Plastic Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Products, such as Bag, is boosting the Plastic Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Type of plastic, such as PETE (Polyethylene Terephthalate), is boosting the Plastic Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Application, such as Food & Beverages, is boosting the Plastic Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Plastic Packaging market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Plastic Packaging market and other related sub-markets covered in the study.
o Key & emerging players in the Plastic Packaging market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Plastic Packaging market size is calculated using market estimation process, the Plastic Packaging market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Plastic Packaging market size has been validated using both top-down and bottom-up approaches.
Praveen Kumar
Head & Director of Sales