Plastic Packaging Market Size, Competitive Dynamics, Future Scope, Outlook And Regional Forecast To 2022
Summary
Global Plastic Packaging Market Size, Information by Type (Rigid packaging and Flexible packaging) by Application (Food & beverages, Industrial, Healthcare, Personal care, and others) and by Region - Forecast to 2022
Market Synopsis
The flourishing healthcare industry can also become a profitable area for the plastic packaging industry. Additionally, growing health risks and growing health and fitness awareness has further driven the market for plastic packaging.
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On the other hand, the inconsistent price of the raw material, such as petroleum and crude oil, can impede the growth during the review period.
Competitive Landscape
The top market players identified by MRFR in the global market are Amcor Ltd, Crown Holdings Inc., BASF SE, Saint-Gobain, Huhtamaki Oyj, Bemis Company Inc., Mondi Group, Sealed Air Corporation, Constantia Flexibles International GmbH, Sonoco Products Company, Ampac Holdings LLC and Wipak Group.
Regional Overview
The geographical overview global plastic packaging market size has been conducted in four major regions, namely the Asia Pacific, Europe, North America, and the rest of the world (including Latin America and the Middle East and Africa).
APAC leads the global plastic packaging market with its fast-growing market worldwide. Over 35% of overall volume consumption in 2015 was valued for the APAC region. The region is likely to show some rapid expansion in healthcare and food & beverage industries along with augmented investment in the same. This would result in a growing share of APAC in the global plastic packaging market by 2022.
However, North America had the prime plastic packaging market size in 2015 and is estimated to show stable growth by 2022. Europe and the Rest of the World are also anticipated to grow from 2016 to 2022. The European food and beverage industry is projected to show some staggering growth which is likely to bolster the plastic packaging market by 2022.
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