Plastic Packaging Market Size, Share, Growth Report 2030

Global Plastic Packaging Market Overview

The report encloses the forecast and current estimate for plastic packaging market size on a global and regional level. The study provides the data from previous years 2015 to 2017 and the forecast period from 2018 to 2024 based on volume and revenue. The volume of the plastic packaging market is in kilotons and the revenue is measured in USD million. The study also provides the impact and the descriptive analysis of major drivers, restraints, and opportunities of the global plastic packaging market.

The study also offers the market attractiveness and Porter’s Five Forces model analysis to gauge the competitive landscape of major vendors in the global plastic packaging market. This comprehensive study also provides you the detailed analysis and overview of each segment included in the study.

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Global Plastic Packaging Market Segmentation

The report includes the major product types, applications, and regional bifurcation. The list of major product of the plastic packaging market includes rigid and flexible. The key applications of the market include industrial, food & beverages, automotive, personal care, medical, and other applications. Regional segmentation covers all the major regions and countries such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Furthermore, it is segmented into major countries including the U.S., the UK, Germany, France, China, India, Japan, and Brazil.

Global Plastic Packaging Market Growth Drivers

The plastic packaging market is experiencing solid growth, with experts pointing to a range of drivers that push demand in both established and developing nations. Digitization and increased urbanization are driving rapid changes in consumer lifestyles, leading to higher demand for convenience and cost-saving products that can only be effectively delivered by flexible yet strong plastic packaging.

Additionally, the global trend toward eco-friendly product packaging is fuelling demand for sustainable alternatives such as biodegradable plastics which provide an improved environmental profile without sacrificing functionality. Finally, rising awareness about food safety is playing an important role in driving the uptake of smarter plastic packaging materials that extend shelf life or improve temperature control to reduce food waste. All of these factors combine to support strong further growth in the plastics packaging industry.

With more consumers seeking sustainability and convenience when it comes to their shopping habits, plastic packaging has seen a surge in growth across many industries. The ability for plastic to keep food fresh longer and to easily protect products during shipping are two major factors driving the growth of the market. Additionally, advancements in technology have allowed companies to produce thinner packaging which reduces transportation costs. Furthermore, with recycling initiatives and production processes requiring fewer resources than other sorts of packaging, plastic is becoming increasingly popular among both manufacturers and consumers alike.

As the world has become increasingly reliant on convenience, the plastic packaging market has experienced a surge in demand. This is due to its multiple advantages, including cost-effectiveness, lightness, durability, and convenience. Global population growth has also played a key role in the market’s growth as it leads to an increase of food and beverage consumption - resulting in a higher demand for packaging products such as bottles, boxes, and wraps. Additionally, many countries have enacted regulations that favor using plastic over other packaging materials due to its recyclability.

The rise of e-commerce operations has further driven the plastic packaging market growth as they need lightweight and protective containers. With technological advancements such as increased automation and the use of biodegradable material, the global plastic packaging industry is expected to continue experiencing positive progress in coming years.

Global Plastic Packaging Market Players Analysis

Key industry participants analyzed and profiled in this study includes Mondi Plc, Ampac Holdings LLC, Bemis Company, Inc., Ukrplastic Corporation, Amcor Ltd., Constantia Flexibles International GmbH, Wipak Group, Sealed Air Corporation, Huhtamaki Oyj, and Sonoco Products Company, amongst others.

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Report Scope: 

The Global Plastic Packaging Market has been segmented as follows:

Plastic Packaging Market: Product Analysis

• Rigid
• Flexible

Plastic Packaging Market: Application Analysis

• Industrial
• Food & Beverages
• Automotive
• Personal Care
• Medical
• Others

Plastic Packaging Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.