Plastic Packaging Market SWOT Analysis Of Top Key Player Forecasts To 2020

Global Plastic Packaging Market: Snapshot

Expansion plans bearing fruition in the food and beverage industry form the key driver for the global plastic packaging market. Plastics offer a cleaner, tougher, and more appealing form of packaging, especially for the food and beverage industry, thereby generating a quick rate of growth in demand worldwide. There is a heavy demand for a lot of products to be made available in plastic bags, pouches, and sachets, as well as the more conventional rigid packaging methods. The physical advantages that plastics provide in terms of strength and durability cannot currently be equaled by any other material for the same price.

However, the global plastic packaging market is currently being restricted by the price control need on its raw materials that are generated from petrochemicals, or crude oil. The price of crude is increasing globally amidst a shortage of supply of fuel. This is hampering the use of crude for purposes other than transportation and exploration. Manufacturers in the global plastic packaging market are therefore looking towards alternative raw materials and have already found positive scope of growth in fields such as bioplastics.

The global plastic packaging market is expected to expand at a CAGR of 5.3% within a forecast period from 2013 to 2020, in terms of revenue. This revenue is expected to touch US$300,582.5 mn by the end of 2016 and is likely to reach US$370,354.9 mn by the end of 2020. The overall volume of production in the global plastic packaging market is expected to reach 108,853.1 kilo tons by the end of 2020.

View Report @ http://www.transparencymarketresearch.com/plastic-packaging.html

Platform of Opportunities Shifts from Developed to Developing Economies

From a regional perspective, the global plastic packaging market is finding ample opportunities of growth in consumption as well as development rates within emerging economies across the world. This is especially apparent in Asia Pacific where the end-user industries of the global plastic packaging market have taken off at very fast rates. Industrial growth and infrastructure development, coupled with a high increase in the demand for all products that require plastic packaging are currently boosting the opportunities that players can have in these regions.

Meanwhile, the growth rate of plastic packaging manufacturers in the developed economies of North America and Europe is slowing down to a mediocre average demand. These regions are showing greater concern over the use of plastics for packaging due to the problems they create when it comes to disposal. They are therefore looking for alternative packaging methods and materials that can provide a more eco-friendly solution.

Get accurate market forecast and analysis on the Plastic Packaging Market Request a sample to stay abreast on the key trends impacting this market.

http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=969

Flexible Packaging Steadily Taking Center stage for Consumer Appeal

The two basic product types offered by the global plastic packaging market are rigid packaging and flexible packaging. Of these, rigid packages have led – and are expected to continue leading – the global plastic packaging market. However, one of the key drivers augmenting the global plastic packaging market currently is the growing demand for flexible packaging. This form of packaging is finding a greater scope of use in multiple applications thanks to developments that have increased their tensile strength and toughness. Flexible packaging also offers the storage of greater volumes of products in smaller spaces as it takes up minimal space and weight when compared to its contents.

The key players currently operating in the global plastic packaging market include Bemis Company, Inc., Constantia Flexibles International GmbH, Mondi Plc, Huhtamaki Oyj, Ampac Holdings LLC, Sealed Air Corporation, Ukrplastic Corporation, Sonoco Products Company, Amcor Ltd., and Wipak Group.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s