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. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The Packaging Resins Market covers data with respect to the development rate, market estimates, drivers, limitations, future based demand and revenue during the forecast period. The Packaging Resins Market consists of various data collected from various essential and vital sources. This data has been checked and approved by the industry experts, thus providing significant insights to the researchers, analysts, managers and other industry experts. This document further helps in understanding the market trends, applications, specifications and market challenges.
The report also displays the local properties of the market history of every product type, application and volume during the forecast period. Apart from the mentioned data, the growth rate of the market in 2025 is also explained. Besides, the report clarifies the market size and year-to-year development rate of the particular product or application. It is believed that granular information can help clients take efficient business decisions and hence the report provides the same.
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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.
Market Segmentations in Details:
Global Packaging Resins Market, By Type (LDPE, PP, HDPE, PET, PS & EPS, PVC, others), By Application (food & beverage, consumer goods, healthcare, industrial, others) By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Top Key Players:
- The key players operating in the global Packaging Resins market are –
- Sinopec Corporation
- Exxonmobil Chemical
- Lyondellbasell Industries Holdings B.V
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 Definition: Global Packaging Resins Market
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.
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
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Global Packaging Resins Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source
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Key Insights in the report:
Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global Packaging Resins market
- Analyze and forecast the Packaging Resins market on the basis of processes, derivative, and application
- Trends of key regional and country-level markets for processes, derivative, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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
- Rising Concerns Pertaining to Plastic Disposal
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Key points to focus in the report
- Key trends in the market place
- Major players and brands
- Drivers and restrains of the market
- Major players and brands
- Historical and current market size and projection up to 2025.