The Global Packaging Resins Market is expected to reach USD 290.20 billion by 2025, from USD 170.30 billion in 2017 growing at a CAGR of 7.6% during the forecast period of 2018 to 2025.
Plastics are incredibly energy efficient to manufacture and they are lighter than other alternative materials and it’s also most efficient material which can be used for various application.. Just two pounds of plastic can deliver 10 gallons—of a beverage. The plastics manufacturing industry gets vastly affected by the growth of the packaging industry. There are a number of new developments in the packaging industry that will drive the demand for plastic materials. Various products such as resalable packs, easy-opening, stand-up pouches are being made and more cost effective packs and brand extensions are being provided to get the loyalty of the customer. These developments in packaging will increase the consumption of plastics and will drive the market growth. In the market there is a wide variety of resins available to meet particular needs. Adhesive resins make a solid bond between dissimilar materials, while sealant resins offer leak-free solidness. On the other hand the barrier resins used in food and beverages protect freshness, decrease flavour loss, and increases the shelf life of the product. These Modifier resins help to enhance packaging, structure and performance of a product. The removable lidding resins can be used to seal and peel off nearly anything. These resins for moulded products offer exceptional flexibility and durability. According to an article published recently by Eurostats, the flexible packaging market is expected to have global revenue of USD 248.00 billion in the North America region by the end of the year 2022.
The key players operating in the global Packaging Resins market are –
- Sinopec Corporation
- Exxonmobil Chemical
- Lyondellbasell Industries Holdings B.V
- SABIC
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Competitive Landscape: Global Packaging Resins Market
The global packaging resins market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of packaging resins market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. The other players in the market are Petrochina Ltd., Borealis AG, Braskem S.A., Dowdupont Inc., Indorama Ventures Public Company Ltd., M&G Chemicals and many more, Arkema S.A, BASF SE, Borouge, DAK Americas LLC, Far Eastern New Century Corporation, Ineos Group AG, Jiangsu Sanfangxiang Group Co., Ltd., Reliance Industries Ltd., Styrolution Group GmbH, Total S.A. and many others.
Market Segmentations in Details:
By Type
- LDPE
- PP
- HDPE
- PET
- PS & EPS
- PVC
- Others
By Application
- Food & Beverage
- Consumer Goods
- Healthcare
- Industrial
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points Covered in Table of Contents:
1 Global Packaging Resins Market Overview
2 Global Packaging Resins Market Competition by Manufacturers
3 Global Packaging Resins Market Share by Regions
4 Global Packaging Resins Consumption by Regions
5 Global Packaging Resins Production, Revenue, Price Trend by Type
6 Global Packaging Resins Analysis by Applications
7 Company Profiles and Key Figures in Packaging Resins Business
8 Packaging Resins Manufacturing Cost Analysis
More……….
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Key Reasons to Purchase:
- To gain insightful analyses of the market and have comprehensive understanding of the Global Packaging Resins Market and its commercial landscape.
- Assess the Packaging Resins production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the Packaging Resins Market and its impact in the Global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for Global Packaging Resins Market.
Major Market Drivers:
- Downsizing of Packaging Materials
- Cost-Effectiveness & Increased Shelf-Life of Products
- Growing Demand for Sustainable Packaging Solutions
Market Restraint:
- Rising Concerns Pertaining to Plastic Disposal
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