Plastics Packaging Market Definition
The global plastic packaging market is expected to grow in the forecasted period due to growing consumer demand for convenience proceed and packaged food which reduces the cooking time. The introduction of polyethylene terephthalate (PET) and high-density polyethylene (HDPE) polymers has expanded plastic packaging applications in the liquid packaging segment. High-density polyethylene plastic bottles are among the popular packaging choice for milk and fresh juice products. increasing awareness about health concerns and the prevention of waterborne diseases, the consumers are continuously purchasing packaged water. With the increased sales of bottled drinking water, the demand for plastic packaging is rising, hence driving the market.
The market study is broken down by Type (Rigid Packaging and Flexible Packaging) and major geographies with country level splits. According to AMA, the Global Plastics Packaging market is expected to see growth rate of 4.5%
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Plastics Packaging market throughout the predicted period.
AMCOR Limited (Australia), Alpla Werke Alwin Lehner GmbH & Co. KG (Austria), Tetra Pak International SA (Sweden), Bemis Company, Inc. (United States), Berry Plastics Corporation (United States), Consolidated Container Company (Georgia), Coveris Holdings S.A. (Austria), Huhtamäki Oyj (Finland), Mondi Group (Austria) and Reynolds Group Holdings Limited (New Zealand) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Sealed Air Corporation (United States), Sonoco Products Company (United States), Zhuhai Zhongfu Enterprise Co. Ltd (China), Toppan Printing Co. Ltd (Japan), Transcontinental Inc.(Canada), Winpak Limited (Canada) and Huhtamaki Group (United States).
AdvanceMarketAnalytics has segmented the market of Global Plastics Packaging market by Type, Application and Region.
On the basis of geography, the market of Plastics Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Product, the sub-segment i.e. Bottles will boost the Plastics Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Food will boost the Plastics Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 24th April 2019, Amcor launches unique, recyclable, high-barrier flexible packaging that can reduce a pack’s carbon footprint by up to 64 percent. Amcor has launched AmLite Ultra Recyclable, its first packaging product made from the company’s revolutionary, more sustainable high-barrier polyolefin film that the company announced last year.
- Increasing Inclination towards Premium Bottled Water and Imported Brands
- High Demand due to Growing Food and Beverages Industry
- High Adoption for Convenient Packaging
- Incresinced Penetration of Pouch and Bottles in Medical Application
- The High Demand from Food and Beverage industry of Emerging Countries
- Government Initiation for Less Usage of Plastics
Key Target AudiencePlastics Packaging Suppliers, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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