Plastic Packaging Market Share| COVID-19 Impact, Size, Analysis and Forecast

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 Regional Analysis

The geographical analysis of the global Plastic Packaging Market Share has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East and Africa) APAC dominates the global Plastic Packaging Market Share with its fast growing market globally. Over 35% of total consumption volume in 2015 was accounted for APAC region. The region is predicted to witness rapid development in healthcare and food & beverages industries coupled with increased investment in the same. This would lead to an expanding share of APAC in global Plastic Packaging Market Share by the end of the review period.

Segmental Analysis

The global market for plastic packaging can be segmented on the basis of the type and application.

Based on the type, products can be bifurcated into rigid packaging and flexible packaging. Rigid packaging is slated to generate the largest share of revenue. End-users prefer rigid packaging the most. The growth of rigid plastic market into the beverage sector is based on the expectation of it being of superior quality, hygienic, and healthy. The retail sector is also poised to boost the growth of this segment over the forecast period.

Application-wise segmentation includes industrial, healthcare, food & beverages, personal care and others. Among these, food & beverage sector has registered the highest percentage of the global revenue in 2015 and expected to rise further during the assessment period. Along with rapid urbanization, the demand for packaged food is also rising. This shift in consumer habit has driven a growth in the global market for plastic packaging. Rapid growth in the pharmaceutical industry can sustain the growth rate of healthcare plastic segment in the forthcoming years.

Competitive Analysis

The major market players operating in the global market as identified by MRFR include- Amcor Ltd, BASF SE, Sonoco Products Company, Crown Holdings Inc., Constantia Flexibles International GmbH, Saint-Gobain, Bemis Company Inc., Mondi Group, Huhtamaki Oyj, Sealed Air Corporation, Ampac Holdings LLC and Wipak Group.

 

 

Read More:

http://www.onfeetnation.com/profiles/blogs/smart-labels-market-size-covid-19-impact

http://www.onfeetnation.com/profiles/blogs/pressure-sensitive-labels-market-growth-covid-19-impact

http://www.onfeetnation.com/profiles/blogs/baby-food-packaging-market-trends-covid-19-impact-1

http://www.onfeetnation.com/profiles/blogs/plastic-packaging-market-share-covid-19-impact 

https://sagarkinagi.wixsite.com/marketresearchfuture/post/plastic-packaging-market-share-covid-19-impact 

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