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.

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:

• 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:

• 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 report has also analysed the competitive landscape of the market with some of the top plastic packaging companies 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: