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Press Release:

Global Plastic Packaging Market to Grow at 4.67% During 2022-2027, Impelled by Rising Consumption of Packaged Food Items

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Plastic Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global plastic packaging market is expected to exhibit a CAGR of 4.67% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Plastic packaging is a flexible and adaptable packaging solution used for protecting, preserving and transporting a wide range of products. They are manufactured using polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC), polystyrene (PS) and expanded polystyrene (EPS) materials. They are widely used for packaging and storing cosmetic, meat, dairy products, carbonated and non-carbonated alcoholic beverages. Plastic packaging materials are commonly available in flexible and rigid packaging, such as trays, wraps, jars, bottles, films, pouches, containers, trays and cups. They offer enhanced versatility, durability, lightweight, sustainability, tensile strength and cost-effectiveness. As a result, plastic packaging is widely used across healthcare, cosmetic and personal care, and food and beverage (F&B) industries.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Plastic Packaging Market Trends:

The substantial growth in the F&B industry across the globe is creating a positive outlook for the market. Plastic packaging is widely used for pickles, processed vegetables and fruits, dairy products, sauces, syrups, jams, baby food and condiments. The rising demand for ready-to-eat (RTE) food products due to hectic lifestyles and busy schedules are also contributing to the market growth. Furthermore, various product innovations, such as the introduction of eco-friendly and sustainable packaging solutions that assist in cutting down toxic waste and conserving natural resources, are providing an impetus to the market growth. Additionally, the widespread product utilization in the cosmetic and personal care industry for packaging lipsticks, creams, foundations and compact powders is positively impacting the market growth. Other factors, including the rising demand for bottled drinking water due to the increasing health concerns and the prevention of waterborne diseases, along with the widespread adoption of flexible packaging solutions, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global plastic packaging market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, product and end use industry.

Breakup by Material:

 

 
 

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  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS) and Expanded Polystyrene (EPS)
  • Polyvinyl Chloride (PVC)
  • Others
     

Breakup by Product:

  • Bottles and Jars
  • Trays and Containers
  • Others
     

Breakup by End Use Industry:

  • Food and Beverages
  • Healthcare
  • Cosmetics and Personal Care
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ALPLA-Werke Alwin Lehner GmbH & Co. KG, Amcor plc, Anchor Packaging LLC, Berry Global Inc., DS Smith plc, Honeywell International Inc., Huhtamäki Oyj, Mondi plc, Printpack, Sealed Air Corporation, Sonoco Products Company and Winpak Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Material, Product, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ALPLA-Werke Alwin Lehner GmbH & Co. KG, Amcor plc, Anchor Packaging LLC, Berry Global Inc., DS Smith plc, Honeywell International Inc., Huhtamäki Oyj, Mondi plc, Printpack, Sealed Air Corporation, Sonoco Products Company and Winpak Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Plastic Packaging Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Material
    6.1    Polyethylene (PE)
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Polypropylene (PP)
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Polyethylene Terephthalate (PET)
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Polystyrene (PS) and Expanded Polystyrene (EPS)
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Polyvinyl Chloride (PVC)
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Product
    7.1    Bottles and Jars
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Trays and Containers
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Food and Beverages
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Healthcare
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Cosmetics and Personal Care
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ALPLA-Werke Alwin Lehner GmbH & Co. KG
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Amcor plc
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Anchor Packaging LLC
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Berry Global Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    DS Smith plc
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Honeywell International Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Huhtamäki Oyj
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Mondi plc
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Printpack
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Sealed Air Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Sonoco Products Company
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Winpak Ltd.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials

List of Figures

Figure 1: Global: Plastic Packaging Market: Major Drivers and Challenges
Figure 2: Global: Plastic Packaging Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Plastic Packaging Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Plastic Packaging Market: Breakup by Material (in %), 2021
Figure 5: Global: Plastic Packaging Market: Breakup by Product (in %), 2021
Figure 6: Global: Plastic Packaging Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Plastic Packaging Market: Breakup by Region (in %), 2021
Figure 8: Global: Plastic Packaging (Polyethylene (PE)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Plastic Packaging (Polyethylene (PE)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Plastic Packaging (Polypropylene (PP)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Plastic Packaging (Polypropylene (PP)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Plastic Packaging (Polyethylene Terephthalate (PET)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Plastic Packaging (Polyethylene Terephthalate (PET)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Plastic Packaging (Polystyrene (PS) and Expanded Polystyrene (EPS)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Plastic Packaging (Polystyrene (PS) and Expanded Polystyrene (EPS)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Plastic Packaging (Polyvinyl Chloride (PVC)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Plastic Packaging (Polyvinyl Chloride (PVC)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Plastic Packaging (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Plastic Packaging (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Plastic Packaging (Bottles and Jars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Plastic Packaging (Bottles and Jars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Plastic Packaging (Trays and Containers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Plastic Packaging (Trays and Containers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Plastic Packaging (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Plastic Packaging (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Plastic Packaging (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Plastic Packaging (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Plastic Packaging (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Plastic Packaging (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Plastic Packaging (Cosmetics and Personal Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Plastic Packaging (Cosmetics and Personal Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Plastic Packaging (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Plastic Packaging (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Plastic Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Plastic Packaging Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Plastic Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Plastic Packaging Industry: SWOT Analysis
Figure 84: Global: Plastic Packaging Industry: Value Chain Analysis
Figure 85: Global: Plastic Packaging Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Plastic Packaging Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Plastic Packaging Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 3: Global: Plastic Packaging Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 4: Global: Plastic Packaging Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Plastic Packaging Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Plastic Packaging Market: Competitive Structure
Table 7: Global: Plastic Packaging Market: Key Players


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Key Questions Answered in This Report

We expect the global plastic packaging market to exhibit a CAGR of 4.67% during 2022-2027.

The widespread applications of plastic packaging across diverse sectors, such as food and beverage, healthcare, cosmetic and personal grooming, etc., as it offers enhanced versatility, durability, sustainability, etc., are primarily driving the global plastic packaging market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for plastic packaging.

Based on the material, the global plastic packaging market can be segmented into Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyvinyl Chloride (PVC), and others. Currently, Polyethylene (PE) holds the majority of the total market share.

Based on the product, the global plastic packaging market has been divided into bottles and jars, trays and containers, and others. Among these, bottles and jars currently exhibit a clear dominance in the market.

Based on the end use industry, the global plastic packaging market can be categorized into food and beverages, healthcare, cosmetics and personal care, and others. Currently, the food and beverage sector accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global plastic packaging market include ALPLA-Werke Alwin Lehner GmbH & Co. KG, Amcor plc, Anchor Packaging LLC, Berry Global Inc., DS Smith plc, Honeywell International Inc., Huhtamäki Oyj, Mondi plc, Printpack, Sealed Air Corporation, Sonoco Products Company, and Winpak Ltd.

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