Plastics are organic compounds with high molecular weight, which consists of a wide range of synthetic organic compounds which can be molded into various shapes, due to malleability.

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Global Plastic Packaging
Market to surpass us$ 480.97
billion by 2025

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REPORT DESCRIPTION
• The Global Plastic Packaging Market was valued at US$ 300.86 billion in 2016, according to
a new report published by Coherent Market Insights. Packaging is a process that involves
protecting and enclosing of finished products for distribution, sale, storage and transport.
The rigid packaging is gaining traction in the past five years due to the rise in demand from
packaged food, which includes ready-to-eat meals, dried and frozen foods. The increasing
demand for convenience food in Asia Pacific and Europe is expected to boost the market
for plastic packaging during 2017-2025. Rigid packaging finds wide applications in the
packaging industry, due to its high impact strength, barrier properties and stiffness which
makes it ideal for the transportation of various products in the form of bottles, ampules,
jars, aerosols container and cans.

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Plastic Packaging market Taxonomy
• Technological advancement coupled with development of new product is expected to be
the key drivers for the market growth of global plastic packaging. Also, the growing
demand for flexible packaging from processed and hot food industry is expected to boost
the market for plastic packaging during the forecast period. The flexible packaging segment
market in the global plastic packaging market is expected to expand at a CAGR of 4.7% in
terms of volume. For instance---
• On January 19, 2017, UFLEX--- introduced Super Barrier Polyester Film, FLEXPETTM F-PGB-
12, a specially modified surface treatment which offers high barrier to oxygen.
• On September 8, 2016, UFLEX---introduced new ESL ASEPTIC FLEXI-POUCH MACHINE for
milk packaging, which sterilized and packed the milk and increases the self-life up to 90
days.

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Market Segmentation
• Asia-Pacific is projected to be the largest region in global plastic packaging market. It
accounted for around 36.4% of overall plastic packaging market revenue in 2016. The
market in this region is expected to be primarily driven by rampant growth of end-use
industries in China, India, and ASEAN countries. The growing food & beverages
industries, rising economy, growing per capita income of middle class people are some
of the key drivers for the growth of plastic packaging market in the Asia-Pacific region.
• The market in Latin America is expected to register a significant growth rate over the
forecast period. Rise in discretionary income along with increasing ready to eat food are
expected to create lucrative growth opportunities for the players in this region.
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Key Strategies
• Pharmaceuticals is one of the key industries for the use of plastic packaging. A strong
drug export and import activity in Asia-Pacific and North America is expected to
enhance the growth of plastic packaging in the forecast period. The pharmaceuticals
applications such as sachets, blister pack, stick packs and strip packs are the key plastic
packaging application in pharmaceuticals industry, which provides barrier to moisture,
light, chemical, ease of opening and child resistance. . According to India Brand Equity
Foundation (IBEF) is a Trust established by the Department of Commerce, Ministry of
Commerce and Industry, Government of India---the Indian healthcare industry is
projected to grow at a CAGR of 16.5% from 2008 to 2020. The market is expected to
reach US$ 280 billion by 2020.
• Amcor Ltd., Sealed Air Corporation, Bemis Company, Sonoco Products Company, Mondi
Plc., Tray Pack Corporation, Lacerta Group Inc., Bemis Company Inc., Alwin Lehner
GmbH & Co. Kg, RPC Group Plc are few of the key players in global plastic packaging
market.

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