Packaging Resins Market was valued at US$ 166.3 Billion in 2020. The Food and Beverage is one of the segments reviewed in the MMR report dominating the global Packaging Resins market.
Packaging Resins Market Overview:Packaging resins are plastic resins such as Low Density Polyethylene & Polyethylene terephthalate which has suitable features for numerous packaging solutions. These are cheap lightweight materials through excellent flexibility & durability. Growing preference from customers for suitable packaging is motivating the market development. Moreover, improved demand for packaged & ready-to-eat foodstuff is also donating to the market development. Additionally, cost-effectiveness & the resulting better-quality shelf-life of the product are also pouring the development of the Packaging Resin market. To know about the Research Methodology:- Request Free Sample Report Owing to COVID-19 limitations, the protection of the employees, & decreasing the spread of the virus, in the 1st half of the year 2020, industrial plants were closed in most areas of the world. The lockdown & the decision of most administrations, globally, to shut down non-essential companies have stopped the consumer goods sector for most of the year 2020. This has harmfully affected the consumer goods sector, in turn, the packaging resins sector. Around 34.7 Mn fewer electronic things were shipped in February 2020, equated to that of the last year February, marking the major drop in the electronic goods sector. The moderation of the lockdown & the business plants opening is an inspiring sign for the packaging resins market. Also, the cosmetics & personal care industry feel pain in the year 2020 owing to the COVID-19 epidemic. However, there is a rise in e-commerce sales, nearly twice as high as their pre-COVID-19 stages, which is an optimistic influence for the market studied. Over the extensive term, the rising e-commerce sector, cost-effectiveness, & improved shelf-life of products have been pouring the market development. The rising demand for sustainable packaging keys & revolution of modern packaging skills are likely to deliver ample opportunities for the development of the packaging resins market during the forecast period. The food & beverage sector is anticipated to control the packaging resins market during the forecast period. The APAC region led the packaging resins marketplace, & it is also anticipated to be the fastest-growing regional market during the forecast period, owed to the growing consumption from nations like China, India, & Japan.
Packaging Resins Key Market Trends
Food & Beverage Sector to Lead the Market Demand:• The food & beverage sector stands to be the controlling sector among applications, where packaging necessity is extensively compelled by a rising need to rise the shelf life of products, therefore, protecting food foodstuffs for longer periods. • Packaging is one of the main features considered by the companies engaged in the food & beverage sector to confirm compatibility of packaging material with food, the durability of food, the safety of human health, & the appeal of the packaging. • According to MMR report study, in the food & beverages sector, China has touched around US$ 595 Bn. in the year 2019. • The rise in the old population, rising demand for suitable packaging, development of the e-commerce commercial, the rising online food delivery sector, & the packaging of products in dissimilar sizes & quantities are some of the market circumstances which have been increasing the demand for flexible packaging, worldwide. • In the year 2019, the U.S packaging sector made a total value of US$ 180 Bn. According to MMR report study, in the U.S, more than 46 percent of Americans are eager to pay more for food & beverage products kept in flexible packaging than for food produces preserved in non-flexible packaging. Also, seventy one percent of Americans may select flexible packaging than non-flexible packaging for a product they consider purchasing. • Due to these effects pouring the demand for flexible packaging material, the depletion of packing resins has also been rising from the F&B sector through the world.
APAC to Lead the Market:The APAC region signifies the largest market, & it is also anticipated to be the fastest-growing market during the forecast period, due to the growing consumption from nations, like China, India, & Japan. Factors, like the increasing disposable income, growing consumer expenditure, & rising population, have been pouring the demand for FMCG goods, which, in result, have been motivating the packaging supplies in APAC. The income made by the Indian food sector increased from US$ 68,960 Mn. in the year 2010 to US$ 262,339 Mn. in the year 2019. The revenue made by the processed meat improved from US$ 1,882 Mn. in the year 2019 to US$ 2,302 Mn. in the year 2020. The revenue made from milk products & eggs improved from US$ 76,441 Mn. in the year 2019 to $ 92,304 Mn. in the year 2020. The Japanese food sector observed key growth during the last decade. The revenue made by the food sector in Japan improved from US$ 131,616 Mn. in the year 2010 to US$ 138,488 Mn in the year 2019. The revenue made by the meat products & sausages improved from US$ 5,929.2 Mn. in the year 2010 to US$ 6,261.2 Mn. in the year 2019. The revenue made from milk products increased from US$ 12,075.4 Mn. in the year 2010 to US$ 15,173.7 Mn. in the year 2019. Furthermore, the development in the production of beauty & personal care products in nations, such as Japan, India, China, & ASEAN nations, has been motivating the packaging demand in the area. China stands to be the 2nd largest market for beauty products at global market, after the U.S. seeing the development forecasts for the cosmetics industry in China, worldwide cosmetic brands arrived the market, which led to strong competition in the local cosmetic industry. Owing to the COVID-19 effect, the personal care market has dropped by 4.6 percent, & the cosmetics market has dropped by 3.9 percent in terms of revenue in the year 2020 associated to the last year. However, such increased competition & rising cosmetic production in the nation have been further pouring the packaging demand. Therefore, all such market trends are anticipated to push the demand in the packaging resins market over the forecast period in this region. Trinseo proposals a variability of polystyrene materials appropriate to a wide range of packaging uses. Plastic is the most extensively used material for packaging. It is light & easy to procedure to fit dissimilar packaging needs. Trinseo proposals high influence polystyrene & general purpose polystyrene goods for applications such as dairy, food service and more. Plastic packaging using Trinseo polystyrene resins can support decrease weight & cost, while also providing freshness, expediency, information, & the aesthetics vital to attaining consumer sales – all while upholding severe quality requirements. Trinseo also appreciates the additional weights facing today’s packaging value chain: value pressures, variation, & safety. Company identify the importance of these worries & are dedicated to ongoing investment in R&D to confirm these challenges can be effectively met. The objective of the report is to present a comprehensive analysis of the Packaging Resins Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Packaging Resins Market dynamics, structure by analyzing the Market segments and project the Packaging Resins Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Packaging Resins Market make the report investor’s guide.
Packaging Resins Market Scope: Inquire before buying
Packaging Resins Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US$ 166.3 Bn. Forecast Period 2021 to 2027 CAGR: 7.6 % Market Size in 2027: US$ 277.7 Bn. Segments Covered: by Type • LDPE • PP • HDPE • PET • PS • PVC by Application • Food & Beverage • Consumer Goods • Healthcare • Industrial
Packaging Resins Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Packaging Resins Market Key Players• Sinopec Corporation • Exxonmobil Chemical • Lyondellbasell Industries Holdings B.V • SABIC • Petrochina Ltd. • Borealis AG • Braskem S.A. • Dowdupont Inc. • Indorama Ventures Public Company Ltd. • M&G Chemicals • China Petrochemical Corporation • INEOS • Reynolds Group • Amcor • Sealed Air
FAQ’S:1) What is the share of the Global Packaging Resins Market in 2020? Answer: The Packaging Resins Market was accounted for 166.3 Billion in the year 2020. 2) Which end use segment is dominating the Packaging Resins Market? Answer: Food and Beverage is the dominating end use segment in the market. 3) What are the key players in the Packaging Resins Market? Answer: Sinopec Corporation, Exxonmobil Chemical, Lyondellbasell Industries Holdings B.V, SABIC, Petrochina Ltd., Borealis AG, Braskem S.A., Dowdupont Inc., Indorama Ventures Public Company Ltd., M&G Chemicals, China Petrochemical Corporation, INEOS, Reynolds Group, Amcor, Sealed Air. 4) Which factor acts as the driving factor for the growth of the Packaging Resins Market? Answer: The major factors for the growth of the Packaging Resins market includes ongoing development of unique packaging methods and materials.
1. Global Packaging Resins Market: Research Methodology 2. Global Packaging Resins Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Packaging Resins Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Packaging Resins Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Packaging Resins Market Segmentation 4.1. Global Packaging Resins Market, by Type (2020-2027) • LDPE • PP • HDPE • PET • PS • PVC 4.2. Global Packaging Resins Market, by Application (2020-2027) • Food & Beverage • Consumer Goods • Healthcare • Industrial 5. North America Packaging Resins Market(2020-2027) 5.1. North-America Packaging Resins Market, by Type (2020-2027) • LDPE • PP • HDPE • PET • PS • PVC 5.2. North-America Packaging Resins Market, by Application (2020-2027) • Food & Beverage • Consumer Goods • Healthcare • Industrial 5.3. North America Packaging Resins Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Packaging Resins Market (2020-2027) 6.1. European Packaging Resins Market, by Type (2020-2027) 6.2. European Packaging Resins Market, by Application (2020-2027) 6.3. European Packaging Resins Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Packaging Resins Market (2020-2027) 7.1. Asia Pacific Packaging Resins Market, by Type (2020-2027) 7.2. Asia Pacific Packaging Resins Market, by Application (2020-2027) 7.3. Asia Pacific Packaging Resins Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Packaging Resins Market (2020-2027) 8.1. Middle East and Africa Packaging Resins Market, by Type (2020-2027) 8.2. Middle East and Africa Packaging Resins Market, by Application (2020-2027) 8.3. Middle East and Africa Packaging Resins Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Packaging Resins Market (2020-2027) 9.1. Latin America Packaging Resins Market, by Type (2020-2027) 9.2. Latin America Packaging Resins Market, by Application (2020-2027) 9.3. Latin America Packaging Resins Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Sinopec Corporation. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Exxonmobil Chemical 10.3. Lyondellbasell Industries Holdings B.V 10.4. SABIC 10.5. Petrochina Ltd. 10.6. Borealis AG 10.7. Braskem S.A. 10.8. Dowdupont Inc. 10.9. Indorama Ventures Public Company Ltd. 10.10. M&G Chemicals 10.11. China Petrochemical Corporation 10.12. INEOS 10.13. Reynolds Group 10.14. Amcor 10.15. Sealed Air.