Plastic Packaging Market Share 2014 - 2020

Transparency Market Research

Plastic Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Published Date 28-Jan-2015

84 Page Report

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Press Release Plastic Packaging Market is Expected to Reach US$ 370.25 Bn by 2020:Transparency Market Research

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Plastic Packaging Market

REPORT DESCRIPTION

Plastic Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 Transparency Market Research has published a new market report titled “Plastic Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” The global plastic packaging market was valued at US$ 259.65 Bn in 2013 and is expected to reach US$ 370.25 Bn by 2020, growing at a CAGR of 5.2% over the forecast period between 2014 and 2020. In terms of volume, the plastic packaging market was worth 78,400.2 kilo tons in 2013. Browse the full Plastic Packaging Market report at http://www.transparencymarketresearch.com/plastic-packaging.html Increasing demand for plastic packaging in the healthcare industry is expected to be one of the key factors driving the growth of this market. In addition, expansion of the food & beverages market, which is the largest application of plastic packaging, is expected to fuel growth. Furthermore, rising consumer preference towards light weight, durable and highly aesthetic packaging is expected to significantly encourage growth of the market over the next few years. However, volatility in prices of crude oil which consequently affects the prices of its downstream chemicals is expected to hamper the plastic packaging market adversely. Research and development activities on plastic packaging technologies have opened up opportunities for the usage of...