Product Code: GVR-2-68038-516-8
Plastic Packaging Market Growth & Trends
The global plastic packaging market size is expected to reach USD 486.2 billion by 2028, according to a new report by Grand View Research, Inc., registering a CAGR of 4.2% over the forecast period. The rapid expansion of the food & beverages, personal care, and pharmaceuticals sectors coupled with the rising penetration of organized and e-retail across the world is expected to fuel market growth.
Low-density Polyethylene (LDPE), Polypropylene (PP), High-Density Polyethylene (HDPE), and Polyethylene Terephthalate (PET) are the most widely used materials for the manufacturing of products, such as bottles & jars, trays & containers, wraps & films, and pouches, as they are cost-effective, lightweight and have extensive functionalities and strong barrier properties against moisture. Growing demand for sustainable packing solutions is prompting manufacturers to use recycled plastic resins to make such products.
Globally, the changing lifestyle led to the introduction of single-serve packaging that significantly contributed to the market growth in the past few years. Moreover, advancements in technology, such as the development of modified atmosphere technology (MAP) and airless packaging, and their growing penetration in the food & beverages and personal care industries are likely to boost the growth of the global market.
However, plastic is a non-biodegradable, unsustainable material; thus, its products, specifically single-use packing solutions, are banned across several countries. For instance, on March 11, 2020, the European Union (EU) released its new 'Circular Economy Action Plan' intended to promote sustainable packaging in the region. Moreover, growing consumer awareness levels are compelling manufacturers to switch to biodegradable materials, which is expected to hamper the industry growth to some extent.
Asia Pacific emerged as the leading regional market with a revenue share of 43.8% in 2020 and is expected to witness the fastest CAGR from 2021 to 2028. This growth is attributed to the robust growth of manufacturing and e-commerce sectors in several emerging Asian countries, such as India, China, and Thailand. The global market is highly fragmented with the presence of large-scale international companies as well as small- and medium-scale domestic players. Key players are focusing on acquisitions and also increasingly expanding their product portfolios to gain maximum market share.
Plastic Packaging Market Report Highlights
In terms of revenue, the flexible product segment is projected to ascend at the fastest CAGR of 4.5% over the forecast period on account of the growing demand for pouches and bags in the food & beverages sector owing to their low cost and high sustainability
The extrusion technology segment accounted for the largest revenue share of over 38% in 2020
The segment is estimated to retain the leading position throughout the forecast period as the majority of the flexible packing solutions, such as pouches, bags, and films, are produced with the help of extrusion technology
Food & beverages was the largest application segment in 2020 and accounted for more than 51% of the global revenue share
Extensive product usage for the packing of raw food products and for final packaged single-serve food packing mainly contributed to the higher share of the food & beverages segment
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Major Raw Material Trends Analysis
- 3.3.2. Manufacturing Trends
- 3.4. Sales Channel Analysis
- 3.5. Technology Framework
- 3.6. Regulatory Framework
- 3.7. Plastic Packaging market - Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.8. Business Environmental Tools Analysis: Plastic Packaging market
- 3.8.1. Porter's Five Forces Analysis
- 3.8.1.1. Bargaining Power of Suppliers
- 3.8.1.2. Bargaining Power of Buyers
- 3.8.1.3. Threat of Substitution
- 3.8.1.4. Threat of New Entrants
- 3.8.1.5. Competitive Rivalry
- 3.8.2. PESTLE Analysis
- 3.8.2.1. Political Landscape
- 3.8.2.2. Economic Landscape
- 3.8.2.3. Social Landscape
- 3.8.2.4. Technology Landscape
- 3.8.2.5. Environmental Landscape
- 3.8.2.6. Legal Landscape
- 3.9. Major Strategic Deals & Alliances
- 3.10. Market Strategies
- 3.10.1. Impact of COVID-19
Chapter 4. Plastic Packaging market: Product Estimates & Trend Analysis
- 4.1. Definitions & Scope
- 4.2. Plastic Packaging market: Product Movement Analysis, 2020 & 2028
- 4.3. Rigid
- 4.3.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 4.3.2. Bottles & Jars
- 4.3.2.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 4.3.3. Cans
- 4.3.3.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 4.3.4. Trays & Containers
- 4.3.4.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 4.3.5. Caps & Closures
- 4.3.5.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 4.3.6. Others
- 4.3.6.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 4.4. Flexible
- 4.4.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 4.4.2. Wraps & Films
- 4.4.2.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 4.4.3. Bags
- 4.4.3.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 4.4.4. Pouches
- 4.4.4.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 4.4.5. Others
- 4.4.5.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
Chapter 5. Plastic Packaging market: Technology Estimates & Trend Analysis
- 5.1. Plastic Packaging market: Technology Movement Analysis, 2020 & 2028
- 5.2. Injection Molding
- 5.2.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 5.3. Extrusion
- 5.3.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 5.4. Blow Molding
- 5.4.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 5.5. Thermoforming
- 5.5.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
Chapter 6. Plastic Packaging Market: Application Estimates & Trend Analysis
- 6.1. Plastic Packaging Market: Application Movement Analysis, 2020 & 2028
- 6.2. Food & Beverages
- 6.2.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 6.3. Industrial Packaging
- 6.3.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 6.4. Pharmaceuticals
- 6.4.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 6.5. Personal & Household Care
- 6.5.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 6.6. Others
- 6.6.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
Chapter 7. Plastic Packaging market: Regional Estimates & Trend Analysis
- 7.1. Plastic Packaging market: Regional movement analysis, 2020 & 2028
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.2.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.2.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.2.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.2.5. The U.S.
- 7.2.5.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.2.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.2.5.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.2.5.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.2.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.2.6.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.2.6.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.2.7. Mexico
- 7.2.7.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.2.7.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.2.7.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.2.7.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.3.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.3.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.3.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.3.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.3.5.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.3.5.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.3.6. The U.K.
- 7.3.6.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.3.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.3.6.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.3.6.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.3.7. France
- 7.3.7.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.3.7.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.3.7.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.3.7.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.3.8. Italy
- 7.3.8.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.3.8.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.3.8.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.3.8.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.3.9. Spain
- 7.3.9.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.3.9.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.3.9.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.3.9.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.4.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.4.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.4.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.4.5. China
- 7.4.5.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.4.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.4.5.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.4.5.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.4.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.4.6.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.4.6.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.4.7. Japan
- 7.4.7.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.4.7.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.4.7.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.4.7.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.4.8. South Korea
- 7.4.8.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.4.8.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.4.8.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.4.8.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.4.9. Australia
- 7.4.9.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.4.9.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.4.9.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.4.9.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.5.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.5.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.5.5. Brazil
- 7.5.5.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.5.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.5.5.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.5.5.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.6.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.6.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
- 7.6.5. South Africa
- 7.6.5.1. Market estimates and forecasts, 2017 - 2028 (USD Billion)
- 7.6.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Billion)
- 7.6.5.3. Market estimates and forecasts, by technology, 2017 - 2028 (USD Billion)
- 7.6.5.4. Market estimates and forecasts, by application, 2017 - 2028 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Key Global Players, Their Initiatives, & Its Impact on the Market
- 8.2. Key Company/Competition Categorization
- 8.3. Vendor Landscape
- 8.3.1. List of Key Distributors & Channel Partners
- 8.4. Public Companies
- 8.4.1. Company Market Position Analysis
- 8.4.2. Company Market Share/Ranking
- 8.4.3. Competitive Dashboard Analysis
- 8.4.3.1. Market Differentiators
- 8.4.3.2. Synergy Analysis
- 8.5. Private Companies
- 8.5.1. Key Emerging Companies
- 8.5.2. Geographical Presence
- 8.5.3. Company Market Position Analysis
Chapter 9. Company Profiles
- 9.1. Amcor plc
- 9.1.1. Company overview
- 9.1.2. Financial performance
- 9.1.3. Technology benchmarking
- 9.1.4. Strategic initiatives
- 9.2. Sealed Air
- 9.2.1. Company overview
- 9.2.2. Financial performance
- 9.2.3. Technology benchmarking
- 9.2.4. Strategic initiatives
- 9.3. Coveris
- 9.3.1. Company overview
- 9.3.2. Financial performance
- 9.3.3. Technology benchmarking
- 9.3.4. Strategic initiatives
- 9.4. Sonoco Products Company
- 9.4.1. Company overview
- 9.4.2. Financial performance
- 9.4.3. Technology benchmarking
- 9.4.4. Strategic initiatives
- 9.5. CCL Industries
- 9.5.1. Company overview
- 9.5.2. Financial performance
- 9.5.3. Technology benchmarking
- 9.5.4. Strategic initiatives
- 9.6. WINPAK LTD.
- 9.6.1. Company overview
- 9.6.2. Financial performance
- 9.6.3. Technology benchmarking
- 9.6.4. Strategic initiatives
- 9.7. Alpha Packaging
- 9.7.1. Company overview
- 9.7.2. Financial performance
- 9.7.3. Technology benchmarking
- 9.7.4. Strategic initiatives
- 9.8. Berry Global, Inc.
- 9.8.1. Company overview
- 9.8.2. Financial performance
- 9.8.3. Technology benchmarking
- 9.8.4. Strategic initiatives
- 9.9. Constantia Flexibles
- 9.9.1. Company overview
- 9.9.2. Financial performance
- 9.9.3. Technology benchmarking
- 9.9.4. Strategic initiatives
- 9.10. Mondi
- 9.10.1. Company overview
- 9.10.2. Financial performance
- 9.10.3. Technology benchmarking
- 9.10.4. Strategic initiatives