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

According to IMARC Group’s latest report, titled “Plastic Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global plastic packaging market is expected to exhibit a CAGR of 4.67% during 2022-2027.

Plastic packaging is a flexible packaging solution utilized for protecting, handling, storing, and transporting a wide range of products. It is manufactured using polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), polyethylene terephthalate (PET), and expanded polystyrene (EPS) materials. It provides enhanced durability, versatility, lightweight, tensile strength, sustainability, and cost-effectiveness. As a result, plastic packaging materials are gaining immense traction across the globe.

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Market Trends

The increasing working population and hectic work schedules of individuals are catalyzing the demand for ready-to-eat (RTE) and processed edible products, which, in turn, is positively influencing the market. In addition, the rising trend of online food ordering is escalating the demand for flexible plastic packaging solutions. Apart from this, various product innovations, such as the development of environment-friendly and sustainable packaging solutions that help reduce toxic waste and conserve natural resources, are stimulating market growth. Furthermore, the widespread adoption of plastic packaging in cosmetic and personal hygiene products to increase the shelf life of packed materials and prevent damage during transit is offering lucrative growth opportunities to manufacturers.

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List of Key Companies Covered in this Market Report:

  • 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
  • Winpak Ltd.

The report has segmented the market on the basis of material, product, end use industry and region.

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 Geography:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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