• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    The 2019 Year in Review

    Energy Curing Ink Markets are On the Rise

    Publication Ink Market Continues to Shrink

    Waxes and Additives Enjoy Growth in Packaging in 2019

    Ink Manufacturers Prepare For the Circular Economy
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Top News
    Michael Ring Named Executive VP of W+D North America

    Kodak, Uteco Sell First Ever Ultrastream Powered Flexible Packaging Press

    Addipel Moves to New HQ, Expands Production Facility

    Industrial Wax Market Worth $12,556.8 Million by 2026: PMR

    Epson Introduces Next-Gen, All-in-One OmniLink DT Printers
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Michael Ring Named Executive VP of W+D North America

    Kodak, Uteco Sell First Ever Ultrastream Powered Flexible Packaging Press

    Epson Introduces Next-Gen, All-in-One OmniLink DT Printers

    Tags & Labels Printing Adds Heidelberg’s Versafire EP

    UFlex Demos Rotoflex Stanmas 20 at Open House
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Industrial Wax Market Worth $12,556.8 Million by 2026: PMR

    RadTech Europe Conference Tackles Busy Agenda

    Brenntag Distributes Grupa Azoty ZAK S.A. Plasticizer Portfolio in DACH Region

    NAPIM Announces New Address, Telephone Number

    CHT Group Acquires keimadditec surface
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    RadTech Europe Conference Tackles Busy Agenda

    Jennifer Heathcote Joins GEW

    8000th Apprentice Starts Career with Bühler

    NAPIM Announces New Address, Telephone Number

    Phoseon Launches FireJet FJ801
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Standard Colors

    Micro Powders, Inc.

    Clariant Plastics & Coatings USA Inc.

    BASF Corporation

    Excelitas Technologies (OmniCure)
    Industry Events
    Live from Show Event
    Webinars
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Departments
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • eBook
    • Podcasts
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Global Plastic Packaging Market Estimated at Close to $198 Billion in 2017

    Grand View Research says growing use in food and beverages, personal and household care, are key drivers for market growth.

    Global Plastic Packaging Market Estimated at Close to $198 Billion in 2017
    Related CONTENT
    • Stand-Up Pouches Market Expected to be Worth $51.69 Billion by 2022
    • Polyethylene Wax Market Worth $1.32 Billion by 2022
    • DowDuPont Reports 4Q, Full Year 2017 Results
    • Grand View Research Reports on Nitrocellulose Market
    • GMI: Pigments Market to Exceed $18.98B by 2024
    06.21.18
    Grand View Research’s new report, “Plastic Packaging Market Size, Share & Trends Analysis Report by Product (Bottles, Bags, Wraps & Films), by Type (Rigid, Flexible), by Application (Food & Beverages, Industrial), and Segment Forecasts, 2018 – 2025,” estimates the global plastic packaging market size at close to $198 billion in 2017.
     
    Growing product penetration in various applications, including food and beverages, personal care, household care, electrical and electronics, and automotive, is expected to act as a key driver for market growth over the forecast period.
     
    Food and beverages is one of the fastest-growing industries globally, owing to changing lifestyles and consumer preference for eating on-the-go, ready-to-eat, frozen foods, and processed foods. The growth of the food industry in developing economies of Asia Pacific is expected to drive market growth globally.
     
    The primary functions of packaging are to offer protection to the products, inform consumers about its features, enable its transportation over long distances, and storage. Growing use of rigid HDPE, and PC plastic canisters, bottles, and tanks as opposed to metal and/or glass for industrial packaging applications is expected to have a positive impact on industry growth.
     
    Improved chemical and mechanical properties such as moisture resistance, thermal resistance, and higher strength-to-weight ratio exhibited by various plastics has led to an upsurge in use of such packing solutions for personal and household care applications. However, growing environmental concerns regarding disposal of these products is expected to hamper growth.
     
    On the basis of type, the market has been segmented into rigid and flexible. The rigid segment is expected to witness steady growth over the forecast period on account of its increasing usage in industrial applications.
     
    Plastics are being increasingly used for flexible packaging solutions owing to easy disposal, light weight, and consumer convenience. The flexible segment was valued at $131.2 billion in 2017 and is expected to witness significant growth over the forecast period. This growth can be attributed to rapidly increasing demand for flexible packing solutions in food and beverage, personal care, and household care applications.
     
    On the basis of product, the market has been segmented into bottles, cans, wraps and films, bags, pouches, and others. These products cater to the requirements of various end-use industries, including food and beverages, personal care, household care, consumer electronics, construction, and chemicals. Bottles formed the largest segment in 2017 in terms of revenue, followed by bags and wraps and films.
     
    Plastic bags are the most widely used packaging solutions by various end-use verticals; however, the product segment is expected to witness slow growth owing to rising environmental concerns regarding usage and disposal of such bags. Several environmental threats concerning their disposal in deep water bodies are likely to hamper segment growth in the coming years.
     
    Wraps and films is expected to be the fastest growing product segment in the plastic packaging market. The segment is expected to witness significant growth over the next few years owing to increasing use of protective wraps and films for packaged foods, frozen foods, and ready-to-eat food applications.
     
    On the basis of application, the market has been segmented into food and beverages, industrial packaging, and personal and household care. The food and beverages segment accounted for a revenue share of over 20.0% in 2017 and is expected to witness substantial growth during the forecast period. Growing demand for packaged foods owing to change in consumer lifestyle has driven segment growth in recent years and the trend is expected to continue over the forecast period. In addition, growth of the beverages industry, led by product categories such as liquor and energy drinks, has resulted in increased demand for plastic packaging.
     
    The personal and household care application segment is expected to witness a CAGR of over 4.0% over the forecast period, in terms of revenue. Personal care packaging includes that of products such as cosmetics and toiletries.
     
    As of 2017, Asia Pacific dominated the global market, in terms of revenue, with a share of just over 43.0%. Rapidly-growing end-use industries in key economies such as China, India, Vietnam, South Korea, and Thailand is expected to drive demand for plastic packaging in the region over the forecast period. China dominated the Asia Pacific market in terms of both demand and production.
     
    Changing lifestyles and consumer preferences in terms of food are expected to propel the growth of the food and beverages industry in North America, most notably for products that are ready-to-eat, thus influencing demand for plastic packaging in the region.
     
     
    Related Searches
    • chemical
    • hdpe
    • led
    • packaging
    Related Knowledge Center
    • Packaging Flexo Inks
    • Packaging Gravure Inks
    Suggested For You
    Lucintel: Global Photoinitiators Market to Reach an Estimated $1.3 Billion by 2023 Lucintel: Global Photoinitiators Market to Reach an Estimated $1.3 Billion by 2023
    Grand View Research: U.S. Pigment Dispersion Market to Grow at 4.6% CAGR 2018-2025 Grand View Research: U.S. Pigment Dispersion Market to Grow at 4.6% CAGR 2018-2025
    The 2018 Resin Report The 2018 Resin Report
    MarketsandMarkets: Packaging Resins Market Worth $277.13 Billion by 2022 MarketsandMarkets: Packaging Resins Market Worth $277.13 Billion by 2022
    MarketsandMarkets: Digital Inks Market Worth $4.17 Billion by 2023 MarketsandMarkets: Digital Inks Market Worth $4.17 Billion by 2023
    Grand View Research Places Flexible Packaging Market at $221 Billion and Growing Grand View Research Places Flexible Packaging Market at $221 Billion and Growing
    Phoseon Technology Announces Investment in Factory, Global Business Expansion Phoseon Technology Announces Investment in Factory, Global Business Expansion
    Grand View Research: Polyethylene Wax Market Valued at $718.2 Million in 2014 Grand View Research: Polyethylene Wax Market Valued at $718.2 Million in 2014
    Ceramic Inks Market Worth $2.59 Billion by 2022 Ceramic Inks Market Worth $2.59 Billion by 2022
    Kaolin Market Estimated at $5.70 Billion by 2022 Kaolin Market Estimated at $5.70 Billion by 2022
    GMI: Pigments Market to Exceed $18.98B by 2024 GMI: Pigments Market to Exceed $18.98B by 2024
    Grand View Research Reports on Nitrocellulose Market Grand View Research Reports on Nitrocellulose Market
    DowDuPont Reports 4Q, Full Year 2017 Results DowDuPont Reports 4Q, Full Year 2017 Results
    Polyethylene Wax Market Worth $1.32 Billion by 2022 Polyethylene Wax Market Worth $1.32 Billion by 2022
    Stand-Up Pouches Market Expected to be Worth $51.69 Billion by 2022 Stand-Up Pouches Market Expected to be Worth $51.69 Billion by 2022

    Related Breaking News

    • Breaking News | Packaging Flexo Inks | Printers News

      Inland Moves Flexo Press from La Crosse, WI to Neenah, WI

      The move adds additional capacity and allows the Neenah plant to gain and support new business.
      12.10.19

    • Breaking News | Ink Manufacturers News | Packaging Flexo Inks | Packaging Gravure Inks | Printers News
      UFlex Demos Rotoflex Stanmas 20 at Open House

      UFlex Demos Rotoflex Stanmas 20 at Open House

      A special-purpose 4-color Rotogravure Printing Machine designed especially to print on aluminum foil.
      12.09.19

    • Breaking News | Packaging Flexo Inks | Printers News
      Berlin Packaging Wins 2 WorldStar Awards

      Berlin Packaging Wins 2 WorldStar Awards

      There were 321 judged packaging projects from 36 countries.
      12.09.19


    • Breaking News | Packaging Flexo Inks | Printers News
      Müroll GmbH Invests in 1st Nilpeter FA-22

      Müroll GmbH Invests in 1st Nilpeter FA-22

      Müroll GmbH is based in Frastanz, Austria, and has an additional two European production sites.
      12.09.19

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Packaging Flexo Inks | Printers News
      Labelexpo Expands Show Portfolio in China

      Labelexpo Expands Show Portfolio in China

      This takes its total number of printing trade expos in the country to three.
      12.04.19

    • Breaking News | Packaging Flexo Inks | Printers News
      FLAG Announces New 2020 Programs

      FLAG Announces New 2020 Programs

      Both of the new programs are based on input from current members.
      12.04.19


    • Additives | Breaking News | Conductive Inks and Printed Electronics | Energy-Curable Materials | Energy-Curing Equipment | Flushed Colors and Pigments | Graphic Arts Coatings | Ink Manufacturers News | Inkjet Inks and Toners | Marking and Pad Printing Inks | Metallics and Special Effects Pigments | Mills and Mixers | News Inks | Packaging Flexo Inks | Packaging Gravure Inks | Publication Gravure Inks | Publication Offset Inks | Resins | Screen Inks | Sheetfed Inks | Specialty Inks | Suppliers News | Testing, Color and QC | UV and EB Inks | Vehicles and Varnishes | Waxes
      NAPIM Announces New Address, Telephone Number

      NAPIM Announces New Address, Telephone Number

      Moving to Rockford, IL before 2020.
      12.03.19

    • Breaking News | Inkjet Inks and Toners | Packaging Flexo Inks | Printers News
      BOBST Showcasing Packaging Production 4.0 at drupa 2020

      BOBST Showcasing Packaging Production 4.0 at drupa 2020

      drupa 2020 takes place June 16-26 in Dusseldorf, Germany.
      12.03.19

    • Breaking News | Packaging Flexo Inks | Printers News | UV and EB Inks
      Sigma Installs Russia

      Sigma Installs Russia's First Mark Andy Performance Series P4

      Joins Sigma’s existing four Mark Andy 2200 presses.
      12.03.19


    • Breaking News | Inkjet Inks and Toners | Packaging Flexo Inks | Printers News | UV and EB Inks
      Mayer-Kuvert Buys 2 W+D 628 Envelope Machines with HD Flexo, LED UV

      Mayer-Kuvert Buys 2 W+D 628 Envelope Machines with HD Flexo, LED UV

      The company plans to produce mainly medium runs and up to 200 million envelopes per year per machine.
      12.02.19

    • Breaking News | Graphic Arts Coatings | Ink Manufacturers News | Packaging Flexo Inks
      WEILBURGER Graphics Celebrates 140th Anniversary

      WEILBURGER Graphics Celebrates 140th Anniversary

      The event included live entertainment, food and networking.
      12.02.19

    • Breaking News | Packaging Flexo Inks | Packaging Gravure Inks | Printers News
      Smurfit Kappa Founding Member of Industry Alliance Promoting Paper-based Packaging Use

      Smurfit Kappa Founding Member of Industry Alliance Promoting Paper-based Packaging Use

      The 4evergreen forum is led by the Confederation of European Paper Industries.
      11.29.19

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Packaging Flexo Inks | Printers News
      Label Summit Latin America Returns to Santiago

      Label Summit Latin America Returns to Santiago

      Takes place at Santiago’s Espacio Riesco Convention Center from March 10-11.
      11.28.19

    • Breaking News | Packaging Flexo Inks | Printers News
      Smurfit Kappa Unveils Packaging Portfolio to Replace Single-use Plastics in Beverage Packs

      Smurfit Kappa Unveils Packaging Portfolio to Replace Single-use Plastics in Beverage Packs

      New corrugated range is 100% recyclable, renewable and biodegradable, the company said.
      11.28.19

    • Breaking News | Financial News | Packaging Flexo Inks | Packaging Gravure Inks | Printers News
      Berry Global Group, Inc. Reports 4Q, Fiscal Year 2019 Results

      Berry Global Group, Inc. Reports 4Q, Fiscal Year 2019 Results

      fiscal
      11.26.19

    Breaking News
    • Inland Moves Flexo Press from La Crosse, WI to Neenah, WI
    • Michael Ring Named Executive VP of W+D North America
    • Kodak, Uteco Sell First Ever Ultrastream Powered Flexible Packaging Press
    • Addipel Moves to New HQ, Expands Production Facility
    • Industrial Wax Market Worth $12,556.8 Million by 2026: PMR
    View Breaking News >
    CURRENT ISSUE

    November/December 2019

    • The 2019 Year in Review
    • Energy Curing Ink Markets are On the Rise
    • Publication Ink Market Continues to Shrink
    • Waxes and Additives Enjoy Growth in Packaging in 2019
    • Ink Manufacturers Prepare For the Circular Economy
    • 2019 NPIRI Conference Features Sustainability, Regulatory, Technical Issues
    • NPIRI 2019 Award Winners
    • Sheree Eberly – INX International Ink Co.
    • John Jilek Jr., Inksolutions LLC
    • Conductive Ink Conference Highlights Latest Trends
    • View More >
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Deerland Obtains Certification from Australia’s Therapeutic Goods Administration
    OptiMSM Shown to Improve Hair & Nail Appearance and Condition
    DCC Acquires Contract Manufacturer Ion Laboratories
    Coatings World

    Latest Breaking News From Coatings World

    Palmer Holland Expands Sales Team into Canada
    Axalta Reports 'Oustanding' Feedback on Award-Winning Voltatex 4224
    Sika Opens 3rd Indonesian Plant
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    FDA Approves First Nasal Rescue Treatment for Frequent Seizure Activity
    Lens-Free Microendoscope Generates High Quality Images
    Roche's Blood Glucose Reading Smartphone App Gains CE Mark
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Charles River, Bit Bio Enter Strategic Partnership
    Parexel Adds Experts to Regulatory Consulting Group
    Catalent, Bridge Therapeutics Execute Exclusive License Agreement
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    CES 2020 Preview - Innovation Award Honorees in Health & Wellness
    Star of E!'s Botched Gets Line Leaping Bunny Certified
    Verve Medical Cosmetics Celebrates 20 Years
    Happi

    Latest Breaking News From Happi

    Jennifer Garner Joins Virtue Labs
    Perfect Corp. Partners with Sally Beauty
    Dollar General To Sell CBD Beauty
    Ink World

    Latest Breaking News From Ink World

    ePac Flexible Packaging Expands into Asia Pacific Market
    Palmer Holland Expands Sales Team into Canada
    Koenig & Bauer Promotes Preston Neetzel to Director of Flexo Sales
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Domino welcomes Steve Daily to Service & Support Team
    Kodak and Uteco sell first Ultrastream flexible packaging press
    Archroma announces CEO transition
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    AATC Adds Two Scholarships
    Archroma Names CEO
    Fitesa Buys Freudenberg's South American Hygiene Business
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    FDA OKs Shoulder Innovations' Augmented Glenoids for Total Shoulder System
    OrthoGrid Systems Receives FDA 510(k) Clearance for New PhantomMSK Trauma Application
    Tyber Medical Opens $8M Office and Manufacturing Facility
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Ynvisible, Identiv Partner
    Tom Peregoodoff Appointed CEO of TF Massif Technologies
    Osram’s Managing Board Invites ams to Talks About Future

    Copyright © 2019 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.