Press release
Europe Plastic Packaging Market Rising Trends, Growth Opportunities and Global Outlook 2022 to 2027
Europe Plastic Packaging Market 2022-2027 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global Europe Plastic Packaging Market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the Europe Plastic Packaging Market all told its geographical and merchandise segments.
The European Plastic Packaging Market was valued at USD 87.29 billion in 2020 and expected to reach USD 112.69 billion by 2027 and grow at a CAGR of 4.4% over the forecast period (2022 - 2027).
Click the link to get a Sample Copy of the Report:
https://www.marketinsightsreports.com/reports/02285840244/europe-plastic-packaging-market-growth-trends-covid-19-impact-and-forecasts-2022-2027/inquiry?Mode=Iris
The Global Europe Plastic Packaging Market is highly competitive and consists of a number of Major Key Players are: Amcor PLC, Coveris Holdings, Sealed Air Corporation, RPC Group Limited (Berry Group), Constantia Flexibles GmbH, Sonoco Products Company, Berry Global Inc., Huhtamaki Group, Albea SA, Quadpack Industries SA others.
Industry News:
- Jun 2019 - Amcor completed its acquisition of Bemis Company Inc. The acquisition of Bemis brings additional scale, capabilities, and footprint that are likely to strengthen Amcor's industry-leading value proposition and generate significant value for shareholders.
- Oct 2019 - Coveris unveiled Duralite R, a range of next-generation shrink film that is fully recyclable, contains up to 50% of post-consumer recyclable, and an optional pre-consumer top-up material. As a part of its ongoing sustainability journey to deliver recyclable flexible packaging solutions, it covers a new shrink film that provides a fully circular solution to meet both the environmental and legislative demands of the future.
Key Market Trends:
PET (Polyethylene Terephthalate) is Expected to Witness Significant Growth
- Polyethylene terephthalate (PET) was first introduced in the market in the early 1970s, and since then, PET has been the preferred choice for bottles. The FICCI indicated that, globally, more than 80% of the PET produced is used in the water and beverage packaging industry. The food and FMCG industry uses a small percentage of PET in packaging.
- The EU has set a target of using a minimum of 30% recycled plastic bottles by 2030. The EU member states also signed an agreement to collect 90% of plastic bottles by 2029. The rising awareness and consumer preferences for eco-friendly solutions are the primary factors for the rapid adoption of PET packaging.
Beverage Segment is Expected to Witness Significant Growth
- The beverage industry plays an essential role in the European region. The primary factors driving the beverage industry's growth in the region include steadily increasing population and per capita income and changing lifestyle.
- Factors, such as high disposable income, ease of availability, improvement in living standards wide variety, and presence of domestic as well as international players in the market, are fueling the beverages industry in the region. For example, according to trading economics, consumer spending in Germany increased to EUR 428.5 billion in the last quarter of 2019, from EUR 419.9 billion in the last quarter of 2018.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/02285840244/europe-plastic-packaging-market-growth-trends-covid-19-impact-and-forecasts-2022-2027?Mode=Iris
The key insights of the Europe Plastic Packaging Market report:
The report provides key statistics on the market status of the Europe Plastic Packaging Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Europe Plastic Packaging Market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2027 market development trends of Europe Plastic Packaging Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Europe Plastic Packaging Market Industry before evaluating its feasibility.
Finally, Europe Plastic Packaging Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Automotive Actuators industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Customization services available with the report:
-15% Free customization.
-Five Countries can be added as per your choice.
-Five Companies can add as per your choice.
-Free customization up to 40 hours.
-post-sales support for 1 year from the date of delivery.
Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
The European Plastic Packaging Market was valued at USD 87.29 billion in 2020 and expected to reach USD 112.69 billion by 2027 and grow at a CAGR of 4.4% over the forecast period (2022 - 2027).
Click the link to get a Sample Copy of the Report:
https://www.marketinsightsreports.com/reports/02285840244/europe-plastic-packaging-market-growth-trends-covid-19-impact-and-forecasts-2022-2027/inquiry?Mode=Iris
The Global Europe Plastic Packaging Market is highly competitive and consists of a number of Major Key Players are: Amcor PLC, Coveris Holdings, Sealed Air Corporation, RPC Group Limited (Berry Group), Constantia Flexibles GmbH, Sonoco Products Company, Berry Global Inc., Huhtamaki Group, Albea SA, Quadpack Industries SA others.
Industry News:
- Jun 2019 - Amcor completed its acquisition of Bemis Company Inc. The acquisition of Bemis brings additional scale, capabilities, and footprint that are likely to strengthen Amcor's industry-leading value proposition and generate significant value for shareholders.
- Oct 2019 - Coveris unveiled Duralite R, a range of next-generation shrink film that is fully recyclable, contains up to 50% of post-consumer recyclable, and an optional pre-consumer top-up material. As a part of its ongoing sustainability journey to deliver recyclable flexible packaging solutions, it covers a new shrink film that provides a fully circular solution to meet both the environmental and legislative demands of the future.
Key Market Trends:
PET (Polyethylene Terephthalate) is Expected to Witness Significant Growth
- Polyethylene terephthalate (PET) was first introduced in the market in the early 1970s, and since then, PET has been the preferred choice for bottles. The FICCI indicated that, globally, more than 80% of the PET produced is used in the water and beverage packaging industry. The food and FMCG industry uses a small percentage of PET in packaging.
- The EU has set a target of using a minimum of 30% recycled plastic bottles by 2030. The EU member states also signed an agreement to collect 90% of plastic bottles by 2029. The rising awareness and consumer preferences for eco-friendly solutions are the primary factors for the rapid adoption of PET packaging.
Beverage Segment is Expected to Witness Significant Growth
- The beverage industry plays an essential role in the European region. The primary factors driving the beverage industry's growth in the region include steadily increasing population and per capita income and changing lifestyle.
- Factors, such as high disposable income, ease of availability, improvement in living standards wide variety, and presence of domestic as well as international players in the market, are fueling the beverages industry in the region. For example, according to trading economics, consumer spending in Germany increased to EUR 428.5 billion in the last quarter of 2019, from EUR 419.9 billion in the last quarter of 2018.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/02285840244/europe-plastic-packaging-market-growth-trends-covid-19-impact-and-forecasts-2022-2027?Mode=Iris
The key insights of the Europe Plastic Packaging Market report:
The report provides key statistics on the market status of the Europe Plastic Packaging Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Europe Plastic Packaging Market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2027 market development trends of Europe Plastic Packaging Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Europe Plastic Packaging Market Industry before evaluating its feasibility.
Finally, Europe Plastic Packaging Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Automotive Actuators industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Customization services available with the report:
-15% Free customization.
-Five Countries can be added as per your choice.
-Five Companies can add as per your choice.
-Free customization up to 40 hours.
-post-sales support for 1 year from the date of delivery.
Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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