Growth of Global Plastic Packaging Market Shifts to High Gear with Surging Demand from Food and Beverages Industry, Tmr States

Transparency Market

Research

Plastic Packaging Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2014 – 2020

Published Date

28-01-2015

94 Page Report

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Press Release

Growth of Global Plastic Packaging Market Shifts to High Gear with

Surging Demand from Food and Beverages Industry, TMR States

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plastic packaging market

REPORT DESCRIPTION

The competitive landscape of the global plastic packaging market includes players such as Bemis

Company Inc., Amcor Ltd., Huhtamaki Oyj, Sealed Air Corporation, Mondi, and Sonoco Products. The

market is crowded with several large, medium, and small scale plastic packaging manufacturers, offering a

wide range of various sizes and shapes of plastic packaging materials. The market players are focusing on

the development of rigid packaging products such as closures, bottles, PTTs, and others as rigid packaging

has registered an increased preference over glass, metal, and paperboard packaging.

The food and beverages industry has been the major industry driving the demand from the global plastic

packaging market. In 2013, this industry held over 65% of the overall market and is anticipated to lead the

market during the forecast period. “Changing lifestyle and eating habits have led to the growing demand

for packaged fast foods, thereby driving the demand for plastic packaging,” states the TMR report.

Asia Pacific has emerged as the key region for the market players in the global plastic packaging market.

The region accounted for more than 35% of the market in 2013 and is anticipated to retain its leading

position throughout the forecast period. On the other hand, North America and Europe are expected to

witness an above average demand for plastic packaging in the near...