Dublin, June 16, 2022 (GLOBE NEWSWIRE) -- The "Plastic Packaging Market, By Product Type, By End-use Industry, and By Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.
Plastic packaging is a world's packaging choice for many foods and beverages because it is hygienic, strong, lightweight, shatterproof, and retains freshness. It is most commonly used to package carbonated soft drinks (CSDs) and water. Polyethylene terephthalate (PET) used as a packaging material for food & beverages, pharmaceuticals, and household products, due to its strength, versatility, and recyclability. It is a clear, strong and lightweight plastic.
Market Dynamics
Plastic packaging is convenient, low cost, and has superior performance. Therefore, plastic bottles are widely used in beverage packaging. Trays and containers, on the other hand, are used in the foodservice and packaged food industries because of their lighter weight and aesthetics. Wraps & films, bags, pouches, and other, are products of plastic packaging. Pouches are gaining popularity in the market because they require less raw material to manufacture than rigid products like bottles and jars. Furthermore, the convenience of multiple pouch closure options such as a zipper, tear notch, and spout fuels demand.
Due to rising consumer awareness of personal grooming and hygiene, personal grooming and hygiene industry has seen significant growth. Plastic packaging is widely used in the personal grooming and hygiene industry. The attractive personal care packaging has also caught customer eyes this factors are expected to drive the segment growth the forecast period.
PET, which stands for polyethylene terephthalate, is a lightweight plastic. It is used in packaging for many foods and beverages. Regulations imposed on using PET bottles are one of the major factors hindering the plastic packaging market growth. For instance, in 2019, the European Union issued Directive 2019/904 on the reduction of the environmental impact of certain plastic products, which will require States Members to adopt national legislation prohibiting the use of certain single-use plastics and improving the management of others to reduce their impact on the marine environment.
Key features of the study:
- This report provides an in-depth analysis of the global plastic packaging market, its market size (US$ Bn), and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
- It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global plastic packaging market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Amcor Ltd., Sealed Air Corporation, Bemis Manufacturing Company, Sonoco Products Company, Mondi Plc., Tray Pack Corporation, Lacerta Group Inc., Alwin Lehner GmbH & Co. Kg, and RPC Group Plc
- Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
- The global plastic packaging market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global plastic packaging market
Key Topics Covered:
1. Research Objectives and Assumptions
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End-use Industry
- Market Snippet, By Region
- Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
4. Global Plastic Packaging Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Plastic Packaging Market - COVID-19
- Impact Analysis
5. Global Plastic Packaging Market, By Application, 2017-2028 (US$ Bn)
- Introduction
- Market Share Analysis, 2020, 2023, and 2028 (%)
- Y-o-Y Growth Analysis, 2021 - 2028
- Segment Trends
- Rigid Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
- Flexible Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
6. Global Plastic Packaging Market, By End-use Industry, 2017-2028 (US$ Bn)
- Introduction
- Market Share Analysis, 2020, 2023, and 2028 (%)
- Y-o-Y Growth Analysis, 2021 - 2028
- Segment Trends
- Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
- Household Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
- Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
- Medical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
7. Global Plastic Packaging Market, By Region, 2017-2028 (US$ Bn)
8. Competitive Landscape
- Market Share Analysis
- Company Profiles
- Amcor Ltd.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Sealed Air Corporation
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Bemis Manufacturing Company
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Sonoco Products Company
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Mondi Plc.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Tray Pack Corporation
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Lacerta Group Inc.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Alwin Lehner GmbH & Co. Kg
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- RPC Group Plc
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
9. Section
For more information about this report visit https://www.researchandmarkets.com/r/he2qy7
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