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Global Plastic Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Plastic Packaging Market is Segmented By Rigid Plastic Packaging (Materials (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyvinyl Chloride (PVC)), Product (Bottles and Jars, Trays and containers), End-user Industry (Food, Beverage, Healthcare, Cosmetics and Personal Care) and Geography), and By Flexible Plastic Packaging (Polyethene (PE), Bi-orientated Polypropylene (BOPP), Cast Polypropylene (CPP), Polyvinyl Chloride (PVC), Ethylene Vinyl Alcohol (EVOH)), Product Type (Pouches, Bags, Films and Wraps), End-user Industry (Food, Beverage, Cosmetics and Personal Care) and Geography).

Market Snapshot

Plastic Packaging Market
Study Period: 2020-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 3.56 %

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Market Overview

The Global Plastic Packaging Market is expected to register a CAGR of 3.56% over the forecast period 2022-2027. Compared to other packaging products, consumers have shown an increasing inclination toward plastic packaging, as plastic packages are lightweight and easier to handle. Similarly, even the big manufacturers prefer to use plastic packaging solutions because of their lower cost of production.

  • Plastic containers are becoming important in the beverage and food, cosmetics, and pharmaceutical industries. New filling technologies and the emergence of heat-resistant packaging material opened upnew possibilities and options in the market. While PET bottles are common in multiple segments, beverages, cosmetics, sanitary products, and detergents are predominantly sold in polyethylene (PE) bottles.
  • The European Union is pioneering the plastic market with its drive toward circular economy principles. According to Plastics Europe 2021 report, in 2020, almost 10.2 million tonnes of post-consumer plastic waste were collected and sent to recycling facilities inside and outside Europe.
  • Several global companies are increasingly recognizing the urgency of recycling PET into food-grade products, such as beverage containers. This can drive the growth of the demand for PET in the world. For instance, the Coca-Cola Company intends to use 50% recycled PET in its containers by 2030. Major companies, such as Unilever, L'Oréal, and P&G, announced a significant increase, thereby doubling the tonnage of post-consumer recycled (PCR) resins in their packaging by 2020, for which PET was a desirable resin type. For instance, Unilever is committed to making 100% of its plastic packaging reusable or recyclable by 2025.
  • Since the start of the COVID-19 pandemic, consumers and businesses have had to alter the way they view packaging health and safety. Since the early days of the pandemic, single-use plastic has been gaining importance; this is because consumers were concerned that reusable packaging would increase the risk of transmission.
  • The increasing awareness regarding the environmental effect of single-use plastic and unsustainable business practices have empowered consumers to demand a higher standard of products with less environmental impact.
  • Banning plastic bags, along with other types of plastic packaging, is the most used remedy to solve the problem of plastic waste worldwide. According to National Geographic, as of June 2021, 115 countries had taken that approach in various ways. For instance, in France, plastic bags less than 50 microns thick are banned. In Tunisia, plastic bags less than 40 microns thick are banned.

Scope of the Report

Plastics are used in the packaging of materials, such as food, beverage, oil, etc. Plastics are primarily used because of their performance, cost-effectiveness, and durability. Based upon the type of product being packed, plastics can be of different grades and different material combinations like polyethylene, polypropylene, polyvinyl chloride, etc.

Global Plastic Packaging Market is Segmented By Rigid Plastic Packaging (Materials (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyvinyl Chloride (PVC)), Product (Bottles and Jars, Trays and containers), End-user Industry (Food, Beverage, Healthcare, Cosmetics and Personal Care) and Geography), and By Flexible Plastic Packaging (Polyethene (PE), Bi-orientated Polypropylene (BOPP), Cast Polypropylene (CPP), Polyvinyl Chloride (PVC), Ethylene Vinyl Alcohol (EVOH)), Product Type (Pouches, Bags, Films and Wraps), End-user Industry (Food, Beverage, Cosmetics and Personal Care) and Geography). 

RIGID PLASTIC PACKAGING
Material
Polyethylene (PE)
Polyethylene terephthalate (PET)
Polypropylene (PP)
Polystyrene (PS) and Expanded polystyrene (EPS)
Polyvinyl chloride (PVC)
Other Rigid Plastic Packaging Materials
Product
Bottles and Jars
Trays and containers
Other Product Types
End-User Industry
Food
Beverage
Healthcare
Cosmetics and Personal Care
Other End-User Industries
Geography
North America
Material
End-User Industry
Country
United States
Canada
Europe
Material
End-User Industry
Country
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
Material
End-User Industry
Country
China
India
Japan
Australia
South Korea
Indonesia
Rest of Asia Pacific
Latin America
Material
End-User Industry
Country
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Material
End-User Industry
Country
United Arab Emirates (UAE)
Saudi Arabia
South Africa
Rest of Middle East and Africa
FLEXIBLE PLASTIC PACKAGING
Material Type
Polyethene (PE)
Bi-orientated Polypropylene (BOPP)
Cast polypropylene (CPP)
Polyvinyl Chloride (PVC)
Ethylene Vinyl Alcohol (EVOH)
Other Material Types
Product Type
Pouches
Bags
Films & Wraps
Other Product Types
End-User Industry
Food
Baked Food
Snacked Food
Meat, Poultry & Sea Food
Candy/Confections
Pet Food
Other Food
Beverage
Cosmetics & Personal Care
Other End-User Industries
Geography
North America
Material Type
End-User Industry
Country
United States
Canada
Europe
Material Type
End-User Industry
Country
United Kingdom
Germany
France
Rest of Europe
Asia Pacific
Material Type
End-User Industry
Country
China
India
Japan
Rest of Asia Pacific
Latin America
Material Type
End-User Industry
Country
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Material Type
End-User Industry
Country
United Arab Emirates (UAE)
South Africa
Rest of Middle East and Africa

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Key Market Trends

Food Segment to Occupy Major Share

  • Food packaging is one of the largest users of plastics. The demand for rigid plastic packaging for the food industry is witnessing demand, as they are increasingly replacing traditional materials such as paperboard, metals, and glass, owing to their beneficial properties, such as lightweight and reduced cost. ​​
  • The increasing consumption of bakery products is further driving the adoption of flexible plastic packaging solutions to increase the shelf-life and avoid chalky bread conditions. With roughly 80% of baked goods being sold in flexible packaging and bakeries now producing a wider range of bread, buns, and rolls than ever before, including specialty and gluten-free, market players are developing advanced solutions catering to the demand.
  • Vendors strategically partnered to enhance flexible packaging for the segment. For instance, in May 2021, ProAmpac acquired Irish Flexible packaging and Fispak to serve flexible packaging products to the bakeries in Ireland. Similarly, in September 2021, PPC Flexible Packaging announced the acquisition of custom flexible packaging to enhance the sales of flexible films for all products, including bakery products.
  • Rigid plastic packaging includes plastic bottles and containers and continues to be popular in industries for food packaging applications. Containers are used to pack sauces and other consumer goods that use HDPE and LDPE material for packaging. Moreover, plastic bottles and containers gained importance in the food industry due to their ability to provide extended shelf life to packaged food items.
  • The current market scenario indicates a surging demand for flexible packaging solutions for sweets and confectionery products globally. The demand for flexible plastic is also increasing in Eastern Europe, with expected growth in volume (3.0 billion units) by 2023. Poland is expected to witness the most significant growth. Also, flexible plastic has been the primary choice for packaging, especially for confectionery products.
Plastic Packaging Market

Asia Pacific to Hold the Largest Market Share

  • Asia Pacific packaging sector is heavily influenced by variables such as rising per capita income, changing social atmosphere, and demographics. As a result of the shift, new packaging materials, processes, and forms are required.
  • China is the largest country contributing to plastic packaging usage. The growing trend of packed meals, the increasing number of restaurants and supermarkets, and increasing bottled water and beverage consumption are significant driving factors of the country's market growth.
  • According to the National Bureau of Statistics of China, in December 2021, about 7.95 million metric tons of plastic products were produced in China. Such an increase in plastic product use in China is expected to drive the market demand for various rigid plastic packaging products.
  • Moreover, the market vendors are offering products by focusing on sustainability commitments. For instance, as part of its commitment to sustainability, the manufacturer of laminated plastic tubes, Essel Propack, based in India, has produced recyclable HDPE barrier tubes. Platina 250 and Green Maple Leaf (GML) 300 Lamitubeswere created for brands looking to switch to recyclable, environmentally friendly barrier packaging formats.
  • According to the Japan Plastics Industry Federation, the number of plastic containers in Japan increased significantly in the first quarter of 2022. This is expected to increase the market demand for plastic bottles in the country for various end-user customers.
  • Furthermore, in March 2022, Tosoh, a Japanese petrochemical manufacturer, aimed to construct its chemical recycling technology by the end of March 2025 to extract raw monomers from mixed polymers. The producer began researching the technique in November of 2021 in collaboration with Tohoku University, recycling company KeiwaKogyo, water treatment company TohzaiChemical Industry, and state-owned research institute National Institute of Advanced Industrial Science and Technology.
Plastic Packaging Market

Competitive Landscape

The Global Plastic Packaging Market is highly competitive because of the presence of many players running their business within national and international boundaries. The market is mildly concentrated with the presence of major players like Alpla Group, Amcor PLC, Berry Global Inc., and Mondi PLC, among others.

  • May 2022 - Amcor PLC developed the latest technology, PowerPostTMthat delivers a bottle that is up to 30% lighter and can be made from 100% recycled material. The technology is developed for hot fill beverages and avoids spills from overflow. Furthermore, the product is built on vacuum-absorbing technology PowerStrap.
  • March 2022 - The ALPLA Group acquired the recycling company Texplastfrom the FROMM Group and all its shares in the joint venture PET Recycling Team Wolfen; the international company will increase its annual processing volume in Germany to 75,000 tons of PET bottles.

Recent Developments

  • March 2022 - Berry Global Inc. partnered with Koa to launch Body Cleanser & Body Moisturizer bottles made from 100% recycled plastic. As an industry leader in sustainability, Berry places a firm focus on creating a positive environmental impact through streamlined operations, continuously engaged partners, and optimized products, a vision shared by Koa. Koa chose Berry as their supplier for this project due to the shared vision for sustainability in packaging.
  • January 2022 - Novolex introduced an innovative recyclable tray for meat, fish, and poultry products. The container is named Piranh. It is sealed using a series of raised teeth that run around the sealing flange instead of applying a layer of polyethylene or adhesive, which are typically used to seal the lid of modified atmosphere packaging (MAP).

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Assessment of the Impact of COVID-19 on the Industry

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Market Dynamics

      1. 4.5.1 Market Drivers

        1. 4.5.1.1 Growing Geriatric Population and Prevalence of Diseases

        2. 4.5.1.2 Product Innovations such as Downsizing coupled with Relatively Low Costs

      2. 4.5.2 Market Challenges

        1. 4.5.2.1 Dynamic Nature of Regulations and Inability to Support Heavy Goods

  5. 5. MARKET SEGMENTATION

    1. 5.1 RIGID PLASTIC PACKAGING

      1. 5.1.1 Material

        1. 5.1.1.1 Polyethylene (PE)

        2. 5.1.1.2 Polyethylene terephthalate (PET)

        3. 5.1.1.3 Polypropylene (PP)

        4. 5.1.1.4 Polystyrene (PS) and Expanded polystyrene (EPS)

        5. 5.1.1.5 Polyvinyl chloride (PVC)

        6. 5.1.1.6 Other Rigid Plastic Packaging Materials

      2. 5.1.2 Product

        1. 5.1.2.1 Bottles and Jars

        2. 5.1.2.2 Trays and containers

        3. 5.1.2.3 Other Product Types

      3. 5.1.3 End-User Industry

        1. 5.1.3.1 Food

        2. 5.1.3.2 Beverage

        3. 5.1.3.3 Healthcare

        4. 5.1.3.4 Cosmetics and Personal Care

        5. 5.1.3.5 Other End-User Industries

      4. 5.1.4 Geography

        1. 5.1.4.1 North America

          1. 5.1.4.1.1 Material

          2. 5.1.4.1.2 End-User Industry

          3. 5.1.4.1.3 Country

            1. 5.1.4.1.3.1 United States

            2. 5.1.4.1.3.2 Canada

        2. 5.1.4.2 Europe

          1. 5.1.4.2.1 Material

          2. 5.1.4.2.2 End-User Industry

          3. 5.1.4.2.3 Country

            1. 5.1.4.2.3.1 United Kingdom

            2. 5.1.4.2.3.2 Germany

            3. 5.1.4.2.3.3 France

            4. 5.1.4.2.3.4 Italy

            5. 5.1.4.2.3.5 Spain

            6. 5.1.4.2.3.6 Rest of Europe

        3. 5.1.4.3 Asia Pacific

          1. 5.1.4.3.1 Material

          2. 5.1.4.3.2 End-User Industry

          3. 5.1.4.3.3 Country

            1. 5.1.4.3.3.1 China

            2. 5.1.4.3.3.2 India

            3. 5.1.4.3.3.3 Japan

            4. 5.1.4.3.3.4 Australia

            5. 5.1.4.3.3.5 South Korea

            6. 5.1.4.3.3.6 Indonesia

            7. 5.1.4.3.3.7 Rest of Asia Pacific

        4. 5.1.4.4 Latin America

          1. 5.1.4.4.1 Material

          2. 5.1.4.4.2 End-User Industry

          3. 5.1.4.4.3 Country

            1. 5.1.4.4.3.1 Brazil

            2. 5.1.4.4.3.2 Argentina

            3. 5.1.4.4.3.3 Mexico

            4. 5.1.4.4.3.4 Rest of Latin America

        5. 5.1.4.5 Middle East and Africa

          1. 5.1.4.5.1 Material

          2. 5.1.4.5.2 End-User Industry

          3. 5.1.4.5.3 Country

            1. 5.1.4.5.3.1 United Arab Emirates (UAE)

            2. 5.1.4.5.3.2 Saudi Arabia

            3. 5.1.4.5.3.3 South Africa

            4. 5.1.4.5.3.4 Rest of Middle East and Africa

    2. 5.2 FLEXIBLE PLASTIC PACKAGING

      1. 5.2.1 Material Type

        1. 5.2.1.1 Polyethene (PE)

        2. 5.2.1.2 Bi-orientated Polypropylene (BOPP)

        3. 5.2.1.3 Cast polypropylene (CPP)

        4. 5.2.1.4 Polyvinyl Chloride (PVC)

        5. 5.2.1.5 Ethylene Vinyl Alcohol (EVOH)

        6. 5.2.1.6 Other Material Types

      2. 5.2.2 Product Type

        1. 5.2.2.1 Pouches

        2. 5.2.2.2 Bags

        3. 5.2.2.3 Films & Wraps

        4. 5.2.2.4 Other Product Types

      3. 5.2.3 End-User Industry

        1. 5.2.3.1 Food

          1. 5.2.3.1.1 Baked Food

          2. 5.2.3.1.2 Snacked Food

          3. 5.2.3.1.3 Meat, Poultry & Sea Food

          4. 5.2.3.1.4 Candy/Confections

          5. 5.2.3.1.5 Pet Food

          6. 5.2.3.1.6 Other Food

        2. 5.2.3.2 Beverage

        3. 5.2.3.3 Cosmetics & Personal Care

        4. 5.2.3.4 Other End-User Industries

      4. 5.2.4 Geography

        1. 5.2.4.1 North America

          1. 5.2.4.1.1 Material Type

          2. 5.2.4.1.2 End-User Industry

          3. 5.2.4.1.3 Country

            1. 5.2.4.1.3.1 United States

            2. 5.2.4.1.3.2 Canada

        2. 5.2.4.2 Europe

          1. 5.2.4.2.1 Material Type

          2. 5.2.4.2.2 End-User Industry

          3. 5.2.4.2.3 Country

            1. 5.2.4.2.3.1 United Kingdom

            2. 5.2.4.2.3.2 Germany

            3. 5.2.4.2.3.3 France

            4. 5.2.4.2.3.4 Rest of Europe

        3. 5.2.4.3 Asia Pacific

          1. 5.2.4.3.1 Material Type

          2. 5.2.4.3.2 End-User Industry

          3. 5.2.4.3.3 Country

            1. 5.2.4.3.3.1 China

            2. 5.2.4.3.3.2 India

            3. 5.2.4.3.3.3 Japan

            4. 5.2.4.3.3.4 Rest of Asia Pacific

        4. 5.2.4.4 Latin America

          1. 5.2.4.4.1 Material Type

          2. 5.2.4.4.2 End-User Industry

          3. 5.2.4.4.3 Country

            1. 5.2.4.4.3.1 Brazil

            2. 5.2.4.4.3.2 Argentina

            3. 5.2.4.4.3.3 Mexico

            4. 5.2.4.4.3.4 Rest of Latin America

        5. 5.2.4.5 Middle East and Africa

          1. 5.2.4.5.1 Material Type

          2. 5.2.4.5.2 End-User Industry

          3. 5.2.4.5.3 Country

            1. 5.2.4.5.3.1 United Arab Emirates (UAE)

            2. 5.2.4.5.3.2 South Africa

            3. 5.2.4.5.3.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Liquibox (Olympus Partners)

      2. 6.1.2 ES Plastic GmbH

      3. 6.1.3 Pact Group

      4. 6.1.4 Uflex Limited

      5. 6.1.5 Anchor Packaging Ltd

      6. 6.1.6 Plastipak Holdings Inc.

      7. 6.1.7 Dart Container Corporation

      8. 6.1.8 ALPLA Group

      9. 6.1.9 Amcor PLC

      10. 6.1.10 American Packaging Corporation

      11. 6.1.11 Berry Global Inc.

      12. 6.1.12 Constantia Flexibles Group GmbH

      13. 6.1.13 Mondi PLC

      14. 6.1.14 Novolex Holdings Inc.

      15. 6.1.15 Printpack Inc.

      16. 6.1.16 Reynolds Consumer Products Inc.

      17. 6.1.17 Quadpack Industries SA

      18. 6.1.18 Sealed Air Corporation

      19. 6.1.19 Sigma Plastics Group

      20. 6.1.20 Sonoco Products Company

      21. 6.1.21 Tetra Pak International SA (Tetra Laval Group)

      22. 6.1.22 Toppan Inc.

      23. 6.1.23 Transcontinental Inc.

      24. 6.1.24 Winpak Co. Limited

      25. 6.1.25 Huhtamaki Oyj

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE OF THE MARKET

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Frequently Asked Questions

The Global Plastic Packaging Market market is studied from 2020 - 2027.

The Global Plastic Packaging Market is growing at a CAGR of 3.56% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Mondi PLC, ALPLA Group, Huhtamaki Oyj, Amcor PLC, Berry Global Inc. are the major companies operating in Global Plastic Packaging Market.

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