Plastic Packaging Materials Market
                      
Summary 
Global Plastic Packaging Materials Market Information by Type (Rigid packaging and Flexible 
packaging) by Application (Food & beverages, Industrial, Healthcare, Personal care, and others) 
and by Region - Forecast to 2022 
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Drivers and Restraints: 
Plastic serves as a more hardened, cleaner, and aesthetically appealing mode of packaging and the 
favored choice of many in the food and beverage industry. The durability and strength it offers are 
superior to other products in the same price band. It is also available in various forms, such as a 
pouch, plastic bags, and sachet, providing the consumer with several modes of packaging. 
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. 
However, fluctuating price of the raw material, such as petroleum and crude oil can impede the 
growth during the forecast period. 
Key Players 
Key players who are currently impacting the global Plastic Packaging Materials Market 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. 
Industry News: 
A shift in demography and rising economy can be key determinants influencing the trends of the 
regional market. E-commerce has now become a popular choice and influencing the rigid plastic 
market in a major way. Increasing demand for gadgets, apparels, and personal goods have resulted 
in better rigid plastic packaging solutions for safe shipping.  
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 Materials Market 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. 
Application-wise segmentation includes food & beverages, industrial, healthcare, personal care and 
others. Among these, food & beverage sector has recorded the highest percentage of the global 
revenue in 2015 and expected to surge further during the forecast period. With rapid urbanization, 
the demand for packaged food is also growing. This shift in consumer habit has spurred a growth in 
the global market. Rapid growth in the pharmaceutical industry can bolster the growth rate of 
healthcare plastic segment in the coming years. 
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 Materials Market. 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.  
Market Overview: 
Major manufacturers are focusing on enhancing their portfolio and strengthening their market 
position through strategic mergers and acquisitions. For instance, Sealed Air Corp. acquired 
Deltaplam Embalagens Indústria e Comércio Ltd., in 2017 securing a better position in Latin America. 
Mondi Group had acquired Excelsior, a United Kingdom-based company, to expand their market 
portfolio.  
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