Industry Background:
The global plastic packaging market is expected to grow in the forecasted period due to growing consumer demand for convenience proceed and packaged food which reduces the cooking time. The introduction of polyethylene terephthalate (PET) and high-density polyethylene (HDPE) polymers has expanded plastic packaging applications in the liquid packaging segment. High-density polyethylene plastic bottles are among the popular packaging choice for milk and fresh juice products. increasing awareness about health concerns and the prevention of waterborne diseases, the consumers are continuously purchasing packaged water. With the increased sales of bottled drinking water, the demand for plastic packaging is rising, hence driving the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | AMCOR Limited (Australia), Alpla Werke Alwin Lehner GmbH & Co. KG (Austria), Tetra Pak International SA (Sweden), Bemis Company, Inc. (United States), Berry Plastics Corporation (United States), Consolidated Container Company (Georgia), Coveris Holdings S.A. (Austria), Huhtamäki Oyj (Finland), Mondi Group (Austria) and Reynolds Group Holdings Limited (New Zealand) |
According to AMA, the market for Plastics Packaging is expected to register a CAGR of 4.5% during the forecast period to 2027. This growth is primarily driven by High Adoption for Convenient Packaging and Incresinced Penetration of Pouch and Bottles in Medical Application.
Globally, a noticeable market trend is evident Increasing Inclination towards Premium Bottled Water and Imported Brands
The Paper Packaging sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as AMCOR Limited (Australia), Alpla Werke Alwin Lehner GmbH & Co. KG (Austria), Tetra Pak International SA (Sweden), Bemis Company, Inc. (United States), Berry Plastics Corporation (United States), Consolidated Container Company (Georgia), Coveris Holdings S.A. (Austria), Huhtamäki Oyj (Finland), Mondi Group (Austria) and Reynolds Group Holdings Limited (New Zealand), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 24th April 2019, Amcor launches unique, recyclable, high-barrier flexible packaging that can reduce a pack’s carbon footprint by up to 64 percent. Amcor has launched AmLite Ultra Recyclable, its first packaging product made from the company’s revolutionary, more sustainable high-barrier polyolefin film that the company announced last year.
Influencing Trend:
Increasing Inclination towards Premium Bottled Water and Imported Brands and High Demand due to Growing Food and Beverages Industry
Market Growth Drivers:
High Adoption for Convenient Packaging and Incresinced Penetration of Pouch and Bottles in Medical Application
Restraints:
Government Initiation for Less Usage of Plastics
Opportunities:
The High Demand from Food and Beverage industry of Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Plastics Packaging Market
- Analysis about New Entrants in Plastics Packaging Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Plastics Packaging Study Sheds Light on
The Plastics Packaging Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Plastics Packaging industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Plastics Packaging industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.