Lucintel Forecasts Plastic Packaging Market To Reach $207.8 Billion By 2027

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According to the recent study the Plastic Packaging Market is projected to reach an estimated $207.8 billion by 2027 from $177.9 billion in 2021, at a CAGR of 3.4% from 2021 to 2027. Growth in this market is primarily driven by increasing per capita income, growing consumption of packaged consumer goods, such as beverages and processed foods, growth in pharmaceutical and personal care industry and increasing demand for flexible, transparent, lightweight, cost-effective, and higher product shelf life packaging materials.
Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in plastic packaging market by product type (rigid and flexible) and end use industry (food & beverages, industrial, pharmaceuticals, personal & household care, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report by clicking on below link https://www.lucintel.com/plastic-packaging-market.aspx

“Food and beverage market is expected to remain the largest segment during the forecast period.”
Based on end ...
... use industry, the plastic packaging market is segmented into food & beverages, industrial, pharmaceuticals, personal & household care, and others. Lucintel forecasts that the food and beverage market is expected to remain the largest segment due to changing consumer lifestyle and foods, increasing consumption of alcoholic and non-alcoholic products, and rising spending level.
“Within the plastic packaging market, the rigid packaging segment is expected to remain the largest product type.”
Based on product type the rigid packaging segment is expected to witness the highest growth over the forecast period due to their beneficial properties, such as lightweight, flexibility, and transparency. Increasing adoption of rigid plastics in place of traditional materials such as paperboard, metals, and glass are also driving the demand for plastics packaging.
“Asia pacific will dominate the plastic packaging market in near future.”
Asia Pacific is expected to remain the largest region over the forecast period due to stringent regulations regarding the use of plastic products coupled with rising consumer awareness about sustainability and rapidly growing application industries in China, India, South Korea, and other APAC countries.
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Major players of plastic packaging market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Amcor, Bemis, Sealed Air Corporation, Berry Plastics Group, AptarGroup are among the major plastic packaging providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/plastic-packaging-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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