Plastic Packaging Market Share


Sagark18

Uploaded on Jun 1, 2020

Category Business

Plastic Packaging Market Share

Category Business

Comments

                     

Plastic Packaging Market Share

Summary Global Plastic Packaging Market Share, Information by Type (Rigid packaging and Flexible packaging) by Application (Food & beverages, Industrial, Healthcare, Personal care, and others) and by Region - Forecast to 2022 Plastic Packaging Market Overview Market Research Future (MRFR) reports that the global Plastic Packaging Market Share is expected to cross the USD 400 Bn mark, at a growth rate of CAGR 5% over the forecasted period (2016-2022). The rise in manufacturing activities and conveniently packaged products, is going to play a noteworthy role in the market expansion of plastic packaging. Get Free Sample @ https://www.marketresearchfuture.com/sample_request/1688 Key Players Key players who are currently impacting the global Plastic Packaging Market Share are Amcor Ltd, BASF SE, Crown Holdings Inc., Saint-Gobain, Bemis Company Inc., Huhtamaki Oyj, Mondi Group, Sealed Air Corporation, Sonoco Products Company, Constantia Flexibles International GmbH, Ampac Holdings LLC and Wipak Group. Drivers and Restraints: The booming healthcare industry can also become a profitable area for the plastic packaging industry. Plastic is better than glass when it comes to reducing the probability of damage, leaks and maintaining hygiene. For IV tubes, syringes, IV bags, plastic packaging is the most preferred option. Industry News However, there is mounting pressure from the consumers on the manufacturers regarding the carbon footprint. It has driven the plastic manufacturers towards developing bioplastics and investing in recyclable products. Segmentation: The global Plastic Packaging Market Share could be segmented based on type and application. Based on the type, products can be segmented into rigid packaging and flexible packaging. Rigid packaging is expected to generate the largest share of revenue. End-users prefer rigid packaging the most. The proliferation of rigid plastic market into the beverage sector is based on the expectation of it being of high quality, hygienic and healthy. The retail sector is also expected to boost the growth of this segment during the forecast period. Regional Analysis Region-wise segmentation results in four prominent groups; North America, Europe, Asia Pacific, and Rest-of-the-World (RoW). Asia Pacific is playing the pivotal role in this market by generating the maximum amount of revenue for the global Plastic Packaging Market Share. In this region, China will experience tremendous growth. Factors such as urbanization, rising disposable income, and growing population are about to play a significant role in the growth of this market. India and Indonesia are also going to witness similar growth rate as packaging demand in the personal care segment is on the rise. Europe is currently experiencing a staggering demand for rigid packaging from food & beverage sector, which is going to boost their market prospect. North America was the previous market leader and expects to showcase a steady growth rate during the forecast period. Get Full Report @ https://www.marketresearchfuture.com/reports/plastic-packaging-market About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact Market Research Future +1 646 845 9312 Email: [email protected]