Plastic Packaging Market Prophesied to Grow at a Faster Pace by 2020

Plastic packaging relates to bags, pouches, films, containers and envelopes made of plastic.Plastic packaging is made of polymers such as high density polyethylene (HDPE), low density polyethylene (LDPE), polyethylene teraphthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). Plastic packaging is segmented into rigid plastic packaging and flexible plastic packaging.

 

The plastic packaging report gives a detailed analysis and forecast of the market on a global as well as regional level. On a global level, the market has been analyzed based on the current trends and forecast for the time period ranging from 2014 to 2020. The market has been studied on the basis of volume (kilo tons) and revenue (US$ Mn). For an in-depth understanding of the market on a regional level, the demand has been analyzed and forecast based on volume (kilo tons) and revenue (US$ Mn) for the same time frame. The study takes into account the drivers and restraints of the market and their impact on the growth of the market. In addition, the report includes opportunities available for the growth of the market within the forecast period, on a global as well as regional level.

 

For an insightful understanding of the market, we have given a detailed analysis of the value chain. The Porter’s five force model gives a clear and in-depth understanding of the degree of competition. The study also covers a market attractiveness analysis, where end-use has been benchmarked based on the market size, growth rate and general attractiveness.

 

Request a PDF Brochure with Future Analysis @ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=969

 

The market has been segmented based on products and end-use and each of these segments have been analyzed and forecast based on volume (kilo tons) and revenue (US$ Mn), for the time period ranging from 2014 to 2020. In addition, the segments have been analyzed and forecast based on current trends on a global as well as regional level, for the given time period. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW), and the demand has been analyzed and forecast based on current trends for a period of six years, ranging from 2014 to 2020.

Read More

Plastic Packaging Market – Proliferation of Food & Beverage Industry Fuels Growth

The global plastic packaging market features a fragmented vendor landscape with the presence of several well-established players. Keen players are pouring money into research and development for product advancement. They are also adopting the inorganic growth route, thus entering into partnerships and alliances with small market players.

Prominent companies operating in the global plastic packaging market include Bemis Company Inc., Mindi plc, Ampac holdings LLC, Ukrplastic Corporation, Amcor Ltd., Constantia Flexibles International GmbH, Huhtamaki Oyi, sealed Air Corporation, Sonoco Products Company, and Wipak Group.

As per a recent market study by Transparency Market Research (TMR), the global plastic packaging market is predicted to clock a CAGR of 5.20% between 2014 and 2020, for the market to be worth US$370.2 bn by 2020 end. The demand in the market translated into a revenue of US$259.6 bn in 2013. By product, the global plastic packaging market has been segmented into rigid and flexible. Of the two, rigid packaging segment presently holds the leading market share. The report estimates the rigid packaging segment to continue to lead through the forecast period. By end use, food and beverages held the leading more than 65% of the overall market in 2013; the segment is anticipated to remain at the fore through 2020.

Request a PDF Brochure with Future Analysis @ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=969

Geography-wise, Asia Pacific displayed the leading demand to account for 35% of market share in 2013. The region is likely to remain at the lead due to the rising use of plastic packaging in the food and beverage and healthcare industry.

Proliferation of the food and beverage industry is one of the key factors driving the plastic packaging market. Plastics serve to provide a tougher, cleaner, and aesthetically appealing form of packaging for the food and beverage industry. There lies strong demand for lot of products to be manufactured in pouches, plastic bags, and sachets. Plastic packaging provides advantages of strength and durability that is far superior to any other material for the same price.

The growth of the healthcare industry has boosted the plastic packaging market to a high degree. Medicinal solutions, syringes, IV bags, IV tubes are some of the things extensively used in the healthcare sector use plastic packaging. Plastic packaging helps maintain hygiene and are less susceptible to damage, leaks than glass packaging.

Request For Discount@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=969

However, the growth of global plastic packaging market is impeded due to several factors. Mandates to control prices of raw materials that are used to manufacture plastic packaging is posing a challenge to the market’s growth. Fluctuating prices of raw material such as petroleum and crude oil is having a negative impact on the plastic packaging market.

Read More