Plastic Packaging Market to witness high growth in near future
The latest report pertaining to ‘Plastic Packaging Market’ collated by Market Study Report, LLC, provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. In addition, the report illustrates the major obstacles and newest growth strategies adopted by leading manufacturers who are a part of the competitive landscape of this market.
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The Plastic Packaging market size is anticipated to reach USD 416.2 billion by 2026. In 2017, the bottles segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period. A significant increase in disposable income, changing lifestyles, and improving living standards have increased the demand for food products, consumer electronics, and retail products among others, which supports the market growth.
Large brands are focusing on personalized and customized plastic packaging to create an impact on consumers and enhance brand awareness. Packaging enables companies to differentiate brands and offer personalization. Packaging can provide links to information about the product, both enhancing the product and providing details about its provenance. Plastic packaging enables enhancing of brand power for global brands and offers an effective method to compete with private label and emerging local players. Growth in digitalization offers consumers access to vast and detailed information. Communicating brand values effectively and enabling product differentiation is a major factor driving the growth of the plastic packaging industry.
Asia-Pacific generated the highest revenue in the plastic packaging market in 2018, and is expected to lead the global market throughout the forecast period. The increasing population in the region coupled with growing disposable income has increased the sale of food and beverages, apparel, and consumer goods, driving the market growth. Consumers in the region are increasingly opting for packaging that is easy to use and convenient to transport. Smaller, lighter and easily disposable packaging is being used to make consumption-on-the-go easier. The growing healthcare, retail, and pharmaceutical industries in countries such as China, Japan, and India support the market growth.
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The well-known companies profiled in the report include Mondi Group, Berry Plastics Corporation, Sonoco Products Company, Amcor Limited, DS Smith plc, Bemis Company, Inc., NatureWorks LLC, Consolidated Container Company, Reynolds Group Holdings Limited, and Alpla Werke Alwin Lehner GmbH & Co. KG. These companies launch new products and collaborate with other players in the global plastic packaging industry to innovate and launch new products to meet the increasing needs and requirements of consumers.
Initiatives by market players to offer innovative products in the market, communicate brand values, and create brand differentiation also drive the market growth. Other driving factors include growing middle class population, and increasing penetration of e-commerce platforms. The significant growth in e-commerce and rising consumer demand for consumer goods has resulted in growth in packaging segments such as protective packaging, flexible pouches and innovative bottles. Increasing demand from developing nations, and technological advancements are factors expected to provide numerous growth opportunities to the market players during the forecast period.
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The report has segmented the global plastic packaging market on the basis of type, product, end user and region:
Plastic Packaging Type Outlook (Revenue, USD Billion, 2015 – 2026)
Rigid Plastic Packaging
Flexible Plastic Packaging
Plastic Packaging Product Outlook (Revenue, USD Billion, 2015 – 2026)
Plastic Packaging End User Outlook (Revenue, USD Billion, 2015 – 2026)
Food and Beverage
Personal and Home Care
Plastic Packaging Market share by Major regions included:
Middle East & Africa
Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Plastic Packaging Market Insights
3.1. Plastic Packaging – Industry snapshot
3.2. Plastic Packaging – Ecosystem analysis
3.3. Plastic Packaging Market Dynamics
3.4. Plastic Packaging – Market Forces
3.4.1. Plastic Packaging Market Driver Analysis
3.4.2. Plastic Packaging Market Restraint/Challenges analysis
3.4.3. Plastic Packaging Market Opportunity Analysis
3.5. Industry analysis – Porter’s five force
3.5.1. Bargaining power of supplier
3.5.2. Bargaining power of buyer
3.5.3. Threat of substitute
3.5.4. Threat of new entrant
3.5.5. Degree of competition
3.6. Plastic Packaging Market PEST Analysis
3.7. Plastic Packaging Market Value Chain Analysis
3.8. Plastic Packaging Industry Trends
3.9. Competitive Ranking Analysis, 2017
4. Plastic Packaging Market Size and Forecast, 2018-2026 by Type
4.1. Key Findings
4.2. Rigid Plastic Packaging
4.3. Flexible Plastic Packaging
5. Plastic Packaging Market Size and Forecast, 2018-2026 by Product
5.1. Key Findings
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