MARKET OVERVIEW
The packaging resins market encompasses the utilization of different plastic resins in the packaging sector. These resins are employed to create a wide range of packaging materials such as bottles, containers, bags, and wraps. Some of the most prevalent types of resins used in packaging include polyethylene (PE), polypropylene (PP), polystyrene (PS), and polyethylene terephthalate (PET). The trend towards sustainability is also projected to drive the market for packaging resins, as consumers are increasingly seeking environmentally friendly packaging options. Packaging resins such as bioplastics and recycled resins are becoming more in demand.
MARKET DYNAMICS
The packaging resins market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of packaging technology coupled with high demands from the packaging industry. Furthermore, the cost-effectiveness and the resulting improved shelf-life of the product are some other major drivers responsible for the growth of the packaging resins market. However, environmental concerns associated with the disposal of plastics is a major restraining factor for the packaging resins market. Nonetheless, growing needs for sustainable packaging solutions offer lucrative opportunities for the growth of the packaging resins market during the forecast period.
MARKET SCOPE
The "Global Packaging Resins Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of packaging resins market with detailed market segmentation by type, end-use industry, and geography. The global packaging resins market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading packaging resins market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global packaging resins market is segmented on the basis of type and end-use industry. Based on type, the market is segmented as LDPE, PP, HDPE, PET, PS & EPS, PVC, and others. The market on the basis of the end-use industry is classified as food & beverages, consumer goods, healthcare, industrial, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global packaging resins market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The packaging resins market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting packaging resins market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the packaging resins market in these regions.
MARKET PLAYERS
The reports cover key developments in the packaging resins market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from packaging resins market are anticipated to witness lucrative growth opportunities in the future with the rising demand for packaging resins in the global market. Below mentioned is the list of few companies engaged in the packaging resins market.
The report also includes the profiles of key packaging resins companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Arkema Group
- BASF SE
- Borealis AG
- Braskem
- Exxon Mobil Corporation
- Indorama Ventures Public Company Limited
- LyondellBasell Industries Holdings B.V.
- M&G Chemicals SA
- SABIC
- The Dow Chemical Company