Plastic Packaging Market Analysis | Growth 2024–2032

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• Current Scenario of the Global Plastic Packaging
  Market
• The plastic packaging market is navigating
  through a major transformation as it adapts to
  changing consumer preferences, technological
  developments, and regulatory pressures. By 2025,
  sustainability will likely be at the forefront of
  innovation in this market, influencing how
  companies design their products and engage with
  consumers. Moreover, bioplastic in the packaging
  industry is one of the key trends in the market.
  It has become an essential part of this world.
  Today, polymers are utilized in a wide array of
  applications. Furthermore, due to its
  suitability, durability, and lightweight market
  players are highly optimistic about its
  application in sensitive sectors like
  pharmaceutical and food industries.
• Drivers
• The global plastic packaging market is
  experiencing significant growth, with established
  ones showing a moderate expansion rate. At the
  same time, emerging markets are presenting new
  opportunities for potential prospects. Another
  factor influencing this is the rise of E-
  commerce. It has significantly increased the
  demand for secure and lightweight wrapping
  options. As shopping continues to accelerate, the
  need for durable packing options that can
  withstand shipping and handling is becoming
  essential. Apart from this, changing consumer
  lifestyles have led to a greater emphasis on
  convenience, with many customers seeking easy-
  to-use wrapping solutions. Therefore, these
  factors are propelling the market expansion.
• Restraints
• Waste generation and chemical releases are the
  primary challenges companies face in the plastic
  packaging market. This can be due to the poor
  waste management systems throughout the world
  leading to plastic packaging ending up in natural
  environments and landfills. The disposal of
  plastic contributes to carbon emissions and
  contaminates water bodies, while plastics
  frequently end up in landfills, creating
  obstacles to market growth. The presence of
  harmful chemicals in polymers poses health risks,
  while microplastics commonly find their way into
  food. All these are impeding the market
  expansion.
• Segment Analysis By Type
• Rigid Plastic Packaging
• Flexible Plastic Packaging
• The flexible plastic packaging segment is the
  most dominant category of this market and will
  remain at the top all over the forecast period.
  This can be credited to the rising demand from
  the pharmaceutical and food and beverage
  industries. Its benefits include affordability,
  increased durability and flexibility, superior
  aesthetics, and convenience set it apart from
  other packaging types and support its rapid
  expansion.
• By Product
• Bags

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• Cans
• Bottles
• Pouches
• Others
• The bottles segment is the biggest category of
  the plastic packaging market and is expected to
  remain at a commanding position throughout the
  forecasting period. The growth in the segments
  market share is driven by the increasing use of
  medical applications and the growing demand for
  PET bottles in soft drinks and water. Moreover,
  the widespread adoption of this bottle type in
  beverage packaging is attributed to its
  affordability, convenience, and effectiveness is
  contributing to the expansion of the segments
  market size.
• By End-User
• Food and Beverage
• Healthcare
• Pharmaceutical
• Retail
• Personal and Home Care
• Others
• The food and beverages segment accounts for the
  maximum portion of the plastic packaging market
  and is anticipated to see major changes in the
  coming years. Plastic is used in the FB industry
  for food safety, protection and mass production.
  Companies and organisations are progressively
  reconsidering their packaging value proposition.
  According to a study, annually, around 300
  million tons of plastic are produced worldwide,
  with about 50 per cent being used only once
  before being discarded, primarily as packaging in
  the food and beverage sector. On the other hand,
  the personal and home care segment is another
  category which is using a substantial proportion
  of plastic.
• Regional Analysis
• Asia Pacific is the largest user in the plastic
  packaging market and is expected to remain at the
  top throughout the forecast period. The APACs
  market growth is fueled by China, India, and
  Japan. China alone holds a 33 per cent share of
  the global plastic production. It is also a
  leader in its consumption and exporter of plastic
  products to the United States.
• The landscape of the plastic packaging market in
  North America is evolving and is likely to
  witness a transition phase during the forecast
  period. Brands and companies in both the United
  States and Canada are shifting towards
  paper-based packing as a way to be more
  sustainable and meet consumer demand.
• Recent Market Developments

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• In October 2024, UPM Raflatac announced it is
  broadening its direct thermal linerless label
  offerings by releasing its new OptiCut WashOff
  Solution. This innovative lineless label targets
  returnable and reusable food containers, such as
  PET, HDPE, and PP crates used in food
  distribution.
• In December 2023, PepsiCo introduced new
  packaging for its brand Sunbites in the United
  Kingdom and Ireland. The new packaging
  incorporates 50 per cent recycled plastic, which
  is sourced through a mass balance approach. This
  strategy involves purchasing and utilizing enough
  mass-balanced recycled plastic to offset 200 tons
  of fossil-based plastic in Sunbites packaging by
  the end of 2025.
• RELATED REPORTS
• Biodegradable Paper Plastic Packaging Market
• Bioplastic Packaging Market
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