Food and beverage is expected to remain the largest segment in the global plastic packaging market


Posted July 13, 2022 by Lucintel

An exciting new study from the team of Lucintel found that plastic packaging market is expected to reach $207.8 billion by 2027 with a CAGR of 3.4%.

 
An exciting new study from the team of Lucintel found that plastic packaging market is expected to reach $207.8 billion by 2027 with a CAGR of 3.4%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The plastic packaging market is segmented based on product type, end use, and region. In this market, food and beverage is expected to remain the largest end use industry, and rigid packaging segment is expected to remain the largest product type. Players can benefit from the available opportunities like stringent regulations regarding the use of plastic products coupled with rising consumer awareness about sustainability and rapidly growing application industries in China, India, South Korea, and other APAC countries.
Shift of plastic packaging towards bio-based products are emerging trends having impact on dynamics of the industry.
Amcor, Bemis, Sealed Air Corporation, Berry Plastics Group, AptarGroup are some of the major players profiled in this 205 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the plastic packaging market by product type (rigid and flexible) and end use industry (food & beverages, industrial, pharmaceuticals, personal & household care, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the plastic packaging market?
Q.4 What are some changing demands of customers in the plastic packaging market?
Q.5 What are the new developments in the plastic packaging market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this plastic packaging area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this plastic packaging market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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Tags plastic packaging market
Last Updated July 13, 2022