Plastic Packaging Market, By Product Type, By End Use Industry, By Geography

Description

The plastic packaging market is estimated to be valued at USD 398.19 Bn in 2024 and is expected to reach USD 510.04 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 398.19 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	3.60%	2031 Value Projection:	US$ 510.04 Bn

Figure. Plastic Packaging Market Share (%), By Region 2024

The plastic packaging market has been witnessing steady growth over the past few decades driven by the increasing demand from various end-use industries. Plastic packaging provides features like durability, lightweight, and flexibility which makes the transportation and handling of goods convenient. They help extend the shelf life of products by providing good barrier against moisture, oxygen, and other environmental factors. Various types of plastics like polyethylene, polypropylene, PVC, and PET are widely used in the food & beverage, healthcare, personal care, and other packaging applications. Growing consumption of packaged and processed food & beverages. Furthermore, the rising e-commerce sector globally has boosted the demand for plastic packaging materials. However, stringent regulations around single-use plastic may restraint the market growth to some extent going ahead.

Market Dynamics:

The plastic packaging market is driven by growing demand from the food & beverages industry. Plastic packaging materials provide excellent barrier against moisture, oxygen, and other environmental pollutants helping extend the shelf life of products. This is a major factor boosting their use in the food industry. The rising demand for PET bottles from the soft drinks industry has further augmented the market growth over the years. However, regulations prohibiting single use plastic may act as a restraint. Government policies around the world are promoting the use of biodegradable and sustainable packaging alternatives. The growing e-commerce industry has opened new opportunities for the demand of plastic materials in secondary packaging for the transportation and distribution of goods. Manufacturers are focusing on the development of new recyclable solutions to capitalize on opportunities in this dynamic marketplace.

Key Features of the Study:

This report provides in-depth analysis of the global plastic packaging market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global plastic packaging market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Mondi Group, Sealed Air Corporation, Sonoco Products Company, Amcor plc, Coveris Holdings SA, Berry Global Inc., WINPAK LTD, CCL Industries, Inc, Constantia Flexibles, Alpha Packaging, Pactive LLC, Silgan Holdings Inc., DS Smith Plc, Huhtamaki Oyj, Takween Advanced Industries, Transcontinental Inc., Bischof + Klein SE & Co. KG, Uflex Ltd, American Packaging Corporation, and Sigma Plastics Group
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global plastic packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global plastic packaging market

Detailed Segmentation-

By Product Type:
- Rigid Packaging
- Flexible Packaging
By End Use Industry:
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Mondi Group
- Sealed Air Corporation
- Sonoco Products Company
- Amcor plc
- Coveris Holdings SA
- Berry Global Inc.
- WINPAK LTD
- CCL Industries, Inc
- Constantia Flexibles
- Alpha Packaging
- Pactive LLC
- Silgan Holdings Inc.
- DS Smith Plc
- Huhtamaki Oyj
- Takween Advanced Industries
- Transcontinental Inc.
- Bischof + Klein SE & Co. KG
- Uflex Ltd
- American Packaging Corporation
- Sigma Plastics Group

Product Code: CMI394

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End Use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Plastic Packaging Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Plastic Packaging Market
Impact Analysis

5. Global Plastic Packaging Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Rigid Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Flexible Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Plastic Packaging Market, By End Use Industry, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Household Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Medical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Plastic Packaging Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End Use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By End Use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End Use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End Use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End Use Industry, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Mondi Group
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Sealed Air Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Sonoco Products Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Amcor plc
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Coveris Holdings SA
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Berry Global Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- WINPAK LTD
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- CCL Industries, Inc
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Constantia Flexibles
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Alpha Packaging
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Pactive LLC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Silgan Holdings Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- DS Smith Plc
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Huhtamaki Oyj
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Takween Advanced Industries
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Transcontinental Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Bischof + Klein SE & Co. KG
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Uflex Ltd
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- American Packaging Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Sigma Plastics Group
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Plastic Packaging Market" - Global forecast to 2031.