Market Summary
Research Methodology on Plastic Packaging Market
Introduction
The market research project explores the drivers and restraints of the Plastic Packaging Market. Plastic packaging products are used for food, beverages, healthcare and personal care products, and industrial & hazardous chemicals. The study explores market development, changing trends and future growth prospects of the Plastic Packaging Market.
Study Objectives
- To identify and analyze the drivers, restraints and challenges that define the Plastic Packaging Market.
- To project the revenue and sales projections of the Plastic Packaging Market.
- To profile the major players in the Plastic Packaging Market and analyze their product portfolios, strategies and market shares.
- To analyze global trends, technological innovations and advancements in the Plastic Packaging Market.
Research Methodology
This research project is conducted using a qualitative-quantitative approach. The methodology adopts in-depth secondary research to obtain the necessary data points to be analyzed. Primary data is collected from experts from the plastic packaging market that provides insights into the considerations taken into account in the product portfolio, strategies and investments.
Secondary Data
Secondary research is conducted to collect the necessary data points to determine the market size and scope of the plastic packaging market. Various sources such as market research reports, journals, magazines, books, industry databases, and the internet were reaching out to gain data relevant to this market. Also, the industry reports from renowned market research firms such as TMR and Grand View Research are referenced to gain insights into industry-level activities and trends.
Primary Data
The primary research involves interviews with key opinion leaders, decision-makers and industry experts who formed the major secondary data sources. The primary data helps to paint a comprehensive picture of the industry dynamics, such as the product portfolios, strategies and investments.
Data Analysis
Once the research for the Plastic Packaging Market is conducted, the data is analyzed for accuracy. Descriptive analysis techniques such as frequency distribution, percentages and central tendency statistics are employed to examine the data. Also, further analytical techniques such as factor analysis and regression analysis are employed to infer the correlation between the variables.
Research Findings
On completion of the research, the following findings are obtained.
- The plastic packaging market is projected to register an impeccable growth rate during the forecast period 2023-2030.
- The market is driven by an increase in demand for convenience and efficient packaging solutions, along with an increase in the demand for sustainable packaging solutions.
- The market is challenged by stringent environmental regulations, along with the issue of plastic waste.
- The major companies that operate in the plastic packaging market are Amcor Ltd, Sealed Air Corporation, Bemis Company Inc., and Mondi Group, among others.
Conclusion
This research project aims to identify the drivers and restraints of the plastic packaging market. The study reveals the market size and scope, changing trends and future growth prospects of the plastic packaging market. Moreover, the research can profile the major players in the market and analyze their product portfolios, strategies and market shares. The study provides useful insights into market conditions and can be deployed to guide the decisions taken by market players.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 350.86 Billion |
Market Size 2024 | USD 360.86 Billion |
Market Size 2032 | USD 507.81 Billion |
Compound Annual Growth Rate (CAGR) | 4.26% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2018 & 2020 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Application |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Amcor Ltd (Australia), Wipak Group (Finland), Ampac Holdings LLC (US), BASF SE (Germany), Saint-Gobain (France), Sealed Air Corporation (US), Crown Holdings Inc (US), Mondi Group (UK), Constantia Flexibles International GmbH (Austria), Sonoco Products Company (US), Bemis Company Inc (US), and Huhtamaki Oyj (Finland) |
Key Market Opportunities | Growing urbanization |
Key Market Dynamics | Increase in the demand for packaged food and beverages Rise in the demand for e-commerce |
Major Players
Plastic Packaging Market Segmentation
Plastic Packaging Type Outlook (USD Million, 2018-2030)
Rigid packaging
Flexible packaging
Plastic Packaging Application Outlook (USD Million, 2018-2030)
Food & beverages
Industrial
Healthcare
Personal care
Plastic Packaging Regional Outlook (USD Million, 2018-2030)
North America Outlook (USD Million, 2018-2030)
North America Plastic Packaging by Type
Rigid packaging
Flexible packaging
North America Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
US Outlook (USD Million, 2018-2030)
US Plastic Packaging by Type
Rigid packaging
Flexible packaging
US Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
CANADA Outlook (USD Million, 2018-2030)
CANADA Plastic Packaging by Type
Rigid packaging
Flexible packaging
CANADA Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Europe Outlook (USD Million, 2018-2030)
Europe Plastic Packaging by Type
Rigid packaging
Flexible packaging
Europe Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Germany Outlook (USD Million, 2018-2030)
Germany Plastic Packaging by Type
Rigid packaging
Flexible packaging
Germany Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
France Outlook (USD Million, 2018-2030)
France Plastic Packaging by Type
Rigid packaging
Flexible packaging
France Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
UK Outlook (USD Million, 2018-2030)
UK Plastic Packaging by Type
Rigid packaging
Flexible packaging
UK Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
ITALY Outlook (USD Million, 2018-2030)
ITALY Plastic Packaging by Type
Rigid packaging
Flexible packaging
ITALY Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
SPAIN Outlook (USD Million, 2018-2030)
Spain Plastic Packaging by Type
Rigid packaging
Flexible packaging
Spain Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Rest Of Europe Outlook (USD Million, 2018-2030)
Rest Of Europe Plastic Packaging by Type
Rigid packaging
Flexible packaging
REST OF EUROPE Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Asia-Pacific Outlook (USD Million, 2018-2030)
Asia-Pacific Plastic Packaging by Type
Rigid packaging
Flexible packaging
Asia-Pacific Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
China Outlook (USD Million, 2018-2030)
China Plastic Packaging by Type
Rigid packaging
Flexible packaging
China Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Japan Outlook (USD Million, 2018-2030)
Japan Plastic Packaging by Type
Rigid packaging
Flexible packaging
Japan Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
India Outlook (USD Million, 2018-2030)
India Plastic Packaging by Type
Rigid packaging
Flexible packaging
India Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Australia Outlook (USD Million, 2018-2030)
Australia Plastic Packaging by Type
Rigid packaging
Flexible packaging
Australia Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Rest of Asia-Pacific Outlook (USD Million, 2018-2030)
Rest of Asia-Pacific Plastic Packaging by Type
Rigid packaging
Flexible packaging
Rest of Asia-Pacific Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Rest of the World Outlook (USD Million, 2018-2030)
Rest of the World Plastic Packaging by Type
Rigid packaging
Flexible packaging
Rest of the World Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Middle East Outlook (USD Million, 2018-2030)
Middle East Plastic Packaging by Type
Rigid packaging
Flexible packaging
Middle East Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Africa Outlook (USD Million, 2018-2030)
Africa Plastic Packaging by Type
Rigid packaging
Flexible packaging
Africa Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Latin America Outlook (USD Million, 2018-2030)
Latin America Plastic Packaging by Type
Rigid packaging
Flexible packaging
Latin America Plastic Packaging by Application
Food & beverages
Industrial
Healthcare
Personal care
Leave a Comment