Press release
Plastic Packaging Market Share, Industry Analysis & Forecast Report 2024-2029.
According to the latest research report published by Market Data Forecast, the global plastic packaging market was worth USD 281.3 billion in 2023 and is anticipated to grow at a CAGR of 6.1% from 2024 to 2029. The global market size is estimated to be worth USD 401.2 billion by 2029 from USD 298.4 billion in 2024.
Every year 141 million tons of plastic packaging are produced worldwide. Moreover, almost one-third of all plastic packaging sold worldwide seeps into collection systems, contaminating the environment. Additionally, the usage, production and disposal of plastics account for around 1.8 billion tons of carbon emissions every year.
Global Plastic Packaging Market Report Scope:
• Market Size (2029): US$ 401.2 billion
• Market Size (2023): US$ 282.3 billion
• CAGR (2024 to 2029): 6.1%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Type, Product, End-User, and Geography.
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Mondi Group, Berry Plastics Corporation, Sonoco Products Company, Amcor Limited, DS Smith plc, Bemis Company, Inc., NatureWorks LLC, Consolidated Container Company, Reynolds Group Holdings Limited, Alpla Werke Alwin Lehner GmbH & Co. KG., and Others.
Market Drivers:
Plastic packaging is rising mostly due to the expansion of important application industries like food and beverage, medicines, personal and household care, and e-retail's global penetration. Plastic is also a profitable packaging material due to its low cost and superior printability.
New opportunities for industry growth are also anticipated as a result of the e-commerce sector's strong expansion. E-commerce businesses want lightweight, flexible packaging options to save money on shipping. The expansion of internet shopping for everyday fresh food, fast moving consumer goods (FMCG), electronics and apparel is anticipated to drive industry growth.
In addition, newer opportunities for plastic packaging are anticipated in the upcoming years due to the growing introduction of cutting edge packaging solutions including bioplastic, edible, modified atmosphere and active packaging. Also, to reduce plastic pollution and raise awareness of sustainability, strict regulations on single-use plastic are expected to be obstacles to the industry's expansion in the years to come.
It's interesting to note that the market is expanding at a faster rate and is in the medium growth stage.
Market Restraints:
E-commerce overpacking poses a big problem since it produces pollution, more waste, and high energy requirements for recycling. Overpacking is mostly caused by e-commerce packaging that isn't optimised and by splitting a single box into several smaller ones during the transit from the distribution centre to the delivery point. This stunts the expansion of the flexible plastic packaging industry.
Furthermore, one of the biggest obstacles facing the rigid plastic packaging market is the high cost of recycling rigid plastic products. The cost of electricity, and procurement for recycling rigid plastic containers results in significant capital requirements.
Also, recyclable plastic items are more expensive to produce than new ones since they require considerable amounts of water, energy, and labor intensive crushing and melting operations. The majority of production facilities for rigid plastic packaging exclusively use brand new plastics. As a result, producers will have to pay more for plastic recycling, which poses a significant obstacle for the worldwide rigid plastic packaging business.
Browse full details of the report @ https://www.marketdataforecast.com/market-reports/plastic-packaging-market
Key Insights from The Report:
• Based on type, the flexible plastic packaging segment led the market and accounted for the largest share of the global market in 2023.
• Based on product, the bottles segment captured the highest share of the global market in 2023.
• Based on end-user, the personal care and home care segment dominated the market in 2023.
• Asia-Pacific dominated the plastic packaging market in 2023. Europe accounted for the second-highest share of the global market in 2023 and on the other hand, the Middle East and Africa region is estimated to grow at the fastest CAGR during the forecast period.
SEGMENTATION INCLUDED IN THIS REPORT:
By Type:
• Rigid Plastic Packaging
• Flexible Plastic Packaging
By Product:
• Bags
• Cans
• Bottles
• Pouches
• Others
By End-User:
• Food and Beverage
• Healthcare
• Pharmaceutical
• Retail
• Personal and Home Care
• Others
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Browse Regional Reports:
North America Plastic Packaging Market Research Report - Segmentation By Type (Rigid and Flexible), By Country - (United States and Canada), By Product (Cans, Bags, Bottles Pouches and Others), By End-User (Food and Beverage, Healthcare, Pharmaceutical, Retail, Personal and Home Care, and Others) - Industry Analysis, Size, Share, Growth, Trends, Forecast-(2024-2029) - https://www.marketdataforecast.com/market-reports/north-america-plastic-packaging-market
Asia Pacific Plastic Packaging Market by Type (Rigid and Flexible), by Country - (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC), by Product (Cans, Bags, Bottles Pouches and Others), by End-User (Food and Beverage, Healthcare, Pharmaceutical, Retail, Personal and Home Care, and Others) - Industry Analysis, Size, Share, Growth, Trends, Forecast (2023-2028) - https://www.marketdataforecast.com/market-reports/asia-pacific-plastic-packaging-market
Europe Plastic Packaging Market Research Report - Segmented By Type (Rigid and Flexible), Product (Cans, Bags, Bottles Pouches and Others), End-User (Food and Beverage, Healthcare, Pharmaceutical, Retail, Personal and Home Care, and Others) and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-plastic-packaging-market
Middle East and Africa Plastic Packaging Market Research Report - Segmentation By Type (Rigid Plastic Packaging, Flexible Plastic Packaging), By Product (Bags, Cans, Bottles, Pouches, Others), By End-User (Food and Beverages, Healthcare, Retail, Pharmaceuticals, Personal and Home Care, Others), By Region- Forecast to (2023-2028) - https://www.marketdataforecast.com/market-reports/middle-east-and-africa-plastic-packaging-market
TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year, and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemiology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Rigid Plastic Packaging
5.1.3 Flexible Plastic Packaging
5.1.4Y-o-Y Growth Analysis, By Type
5.1.5Market Attractiveness Analysis, By Type
5.1.6Market Share Analysis, By Type
5.2 Product
5.2.1 Introduction
5.2.2 Bags
5.2.3 Cans
5.2.4 Bottles
5.2.5 Bakery & Cereals
5.2.6 Pouches
5.2.7 Others
5.2.8 Y-o-Y Growth Analysis, By Product
5.2.9 Market Attractiveness Analysis, By Product
5.2.10 Market Share Analysis, By Product
5.3 End User
5.3.1 Introduction
5.3.2 Food and Beverages
5.3.3 Healthcare
5.3.4 Pharmaceuticals
5.3.5 Retail
5.3.6 Personal and Home Care
5.3.7 Others
5.3.8 Y-o-Y Growth Analysis, By End User
5.3.9 Market Attractiveness Analysis, By End User
5.3.10 Market Share Analysis, By End-user
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Ingredient
6.1.3.3 By Product
6.1.4Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Ingredient
6.1.4.3 By Product
6.1.5Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Ingredient
6.1.5.3 By Product
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 The U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 The Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter's Five Analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Amcor
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Alpla Werke Alwin Lehner GMBH & Co., Kg
8.3 Bemis
8.4 Berry Plastics Corporation
8.5 Consolidated Container Company
8.6 Coveris Management GMBH
8.7 Huhtamaki Oyj
8.8 Mondi Plc
8.9 Reynolds Group Holdings Limited
8.10 Sealed Air Corporation
8.11 Sonoco Packaging Company
8.12 Zhuhai Zhongfu Enterprise Co. Limited
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, Collaborations, and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
11. Appendix
a) List of Tables
b) List of Figures
ABOUT US:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
MarketDataForecast
www.marketdataforecast.com
Phone: +1-888-702-9626
Email: sales@marketdataforecast.com
3rd Floor, Trendz Park Building, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana, India.
Every year 141 million tons of plastic packaging are produced worldwide. Moreover, almost one-third of all plastic packaging sold worldwide seeps into collection systems, contaminating the environment. Additionally, the usage, production and disposal of plastics account for around 1.8 billion tons of carbon emissions every year.
Global Plastic Packaging Market Report Scope:
• Market Size (2029): US$ 401.2 billion
• Market Size (2023): US$ 282.3 billion
• CAGR (2024 to 2029): 6.1%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Type, Product, End-User, and Geography.
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Mondi Group, Berry Plastics Corporation, Sonoco Products Company, Amcor Limited, DS Smith plc, Bemis Company, Inc., NatureWorks LLC, Consolidated Container Company, Reynolds Group Holdings Limited, Alpla Werke Alwin Lehner GmbH & Co. KG., and Others.
Market Drivers:
Plastic packaging is rising mostly due to the expansion of important application industries like food and beverage, medicines, personal and household care, and e-retail's global penetration. Plastic is also a profitable packaging material due to its low cost and superior printability.
New opportunities for industry growth are also anticipated as a result of the e-commerce sector's strong expansion. E-commerce businesses want lightweight, flexible packaging options to save money on shipping. The expansion of internet shopping for everyday fresh food, fast moving consumer goods (FMCG), electronics and apparel is anticipated to drive industry growth.
In addition, newer opportunities for plastic packaging are anticipated in the upcoming years due to the growing introduction of cutting edge packaging solutions including bioplastic, edible, modified atmosphere and active packaging. Also, to reduce plastic pollution and raise awareness of sustainability, strict regulations on single-use plastic are expected to be obstacles to the industry's expansion in the years to come.
It's interesting to note that the market is expanding at a faster rate and is in the medium growth stage.
Market Restraints:
E-commerce overpacking poses a big problem since it produces pollution, more waste, and high energy requirements for recycling. Overpacking is mostly caused by e-commerce packaging that isn't optimised and by splitting a single box into several smaller ones during the transit from the distribution centre to the delivery point. This stunts the expansion of the flexible plastic packaging industry.
Furthermore, one of the biggest obstacles facing the rigid plastic packaging market is the high cost of recycling rigid plastic products. The cost of electricity, and procurement for recycling rigid plastic containers results in significant capital requirements.
Also, recyclable plastic items are more expensive to produce than new ones since they require considerable amounts of water, energy, and labor intensive crushing and melting operations. The majority of production facilities for rigid plastic packaging exclusively use brand new plastics. As a result, producers will have to pay more for plastic recycling, which poses a significant obstacle for the worldwide rigid plastic packaging business.
Browse full details of the report @ https://www.marketdataforecast.com/market-reports/plastic-packaging-market
Key Insights from The Report:
• Based on type, the flexible plastic packaging segment led the market and accounted for the largest share of the global market in 2023.
• Based on product, the bottles segment captured the highest share of the global market in 2023.
• Based on end-user, the personal care and home care segment dominated the market in 2023.
• Asia-Pacific dominated the plastic packaging market in 2023. Europe accounted for the second-highest share of the global market in 2023 and on the other hand, the Middle East and Africa region is estimated to grow at the fastest CAGR during the forecast period.
SEGMENTATION INCLUDED IN THIS REPORT:
By Type:
• Rigid Plastic Packaging
• Flexible Plastic Packaging
By Product:
• Bags
• Cans
• Bottles
• Pouches
• Others
By End-User:
• Food and Beverage
• Healthcare
• Pharmaceutical
• Retail
• Personal and Home Care
• Others
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Browse Regional Reports:
North America Plastic Packaging Market Research Report - Segmentation By Type (Rigid and Flexible), By Country - (United States and Canada), By Product (Cans, Bags, Bottles Pouches and Others), By End-User (Food and Beverage, Healthcare, Pharmaceutical, Retail, Personal and Home Care, and Others) - Industry Analysis, Size, Share, Growth, Trends, Forecast-(2024-2029) - https://www.marketdataforecast.com/market-reports/north-america-plastic-packaging-market
Asia Pacific Plastic Packaging Market by Type (Rigid and Flexible), by Country - (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC), by Product (Cans, Bags, Bottles Pouches and Others), by End-User (Food and Beverage, Healthcare, Pharmaceutical, Retail, Personal and Home Care, and Others) - Industry Analysis, Size, Share, Growth, Trends, Forecast (2023-2028) - https://www.marketdataforecast.com/market-reports/asia-pacific-plastic-packaging-market
Europe Plastic Packaging Market Research Report - Segmented By Type (Rigid and Flexible), Product (Cans, Bags, Bottles Pouches and Others), End-User (Food and Beverage, Healthcare, Pharmaceutical, Retail, Personal and Home Care, and Others) and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-plastic-packaging-market
Middle East and Africa Plastic Packaging Market Research Report - Segmentation By Type (Rigid Plastic Packaging, Flexible Plastic Packaging), By Product (Bags, Cans, Bottles, Pouches, Others), By End-User (Food and Beverages, Healthcare, Retail, Pharmaceuticals, Personal and Home Care, Others), By Region- Forecast to (2023-2028) - https://www.marketdataforecast.com/market-reports/middle-east-and-africa-plastic-packaging-market
TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year, and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemiology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Rigid Plastic Packaging
5.1.3 Flexible Plastic Packaging
5.1.4Y-o-Y Growth Analysis, By Type
5.1.5Market Attractiveness Analysis, By Type
5.1.6Market Share Analysis, By Type
5.2 Product
5.2.1 Introduction
5.2.2 Bags
5.2.3 Cans
5.2.4 Bottles
5.2.5 Bakery & Cereals
5.2.6 Pouches
5.2.7 Others
5.2.8 Y-o-Y Growth Analysis, By Product
5.2.9 Market Attractiveness Analysis, By Product
5.2.10 Market Share Analysis, By Product
5.3 End User
5.3.1 Introduction
5.3.2 Food and Beverages
5.3.3 Healthcare
5.3.4 Pharmaceuticals
5.3.5 Retail
5.3.6 Personal and Home Care
5.3.7 Others
5.3.8 Y-o-Y Growth Analysis, By End User
5.3.9 Market Attractiveness Analysis, By End User
5.3.10 Market Share Analysis, By End-user
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Ingredient
6.1.3.3 By Product
6.1.4Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Ingredient
6.1.4.3 By Product
6.1.5Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Ingredient
6.1.5.3 By Product
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 The U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 The Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter's Five Analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Amcor
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Alpla Werke Alwin Lehner GMBH & Co., Kg
8.3 Bemis
8.4 Berry Plastics Corporation
8.5 Consolidated Container Company
8.6 Coveris Management GMBH
8.7 Huhtamaki Oyj
8.8 Mondi Plc
8.9 Reynolds Group Holdings Limited
8.10 Sealed Air Corporation
8.11 Sonoco Packaging Company
8.12 Zhuhai Zhongfu Enterprise Co. Limited
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, Collaborations, and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
11. Appendix
a) List of Tables
b) List of Figures
ABOUT US:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
MarketDataForecast
www.marketdataforecast.com
Phone: +1-888-702-9626
Email: sales@marketdataforecast.com
3rd Floor, Trendz Park Building, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana, India.
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