Global Packaging Resins Market 2018-2022

Below are some of the key findings from this packaging resins market analysis report

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Global packaging resins industry overview

The rising demand for processed foods is driving the global packaging resins market. The demand for processed foods is increasing, owing to the rising disposable income and a high rate of urbanization globally. This demand for processed foods is also increasing the demand for packaging resins, as it provides convenient, easy-to-use, and lightweight packaging to the consumers, in turn, expanding the global market.

Also, the surging demand for bioplastics is positively impacting the global packaging resins market. Bioplastics are bio packaging resins, which are used to maintain the quality of the product and increase its shelf life and its demand is increasing rapidly, owing to its eco-friendly nature. The surging demand for bioplastics subsequently increases the demand for packaging resins as well. The rising demand for processed foods coupled with the surging demand for bioplastics is driving the packaging resins market growth at a CAGR of close to 8% during the forecast period.

Top packaging resins companies covered in this market research report

The global packaging resins market is highly fragmented. The market is in the initial stage of the growth phase and the competition is expected to become more intense by the end of the forecast period. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this packaging resins industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a detailed analysis of several leading packaging resins companies, including:

• BASF
• China Petrochemical Corporation
• DowDuPont
• Exxon Mobil Corporation
• Merck
• SABIC

 Packaging resins market segmentation based on end-users

• Food and beverages
• Consumer goods
• Healthcare
• Others

Food and beverages sector was the largest end-user of the global packaging resins market in 2017. The market share of this segment will increase, and it will continue to dominate the market throughout the next five years.

Packaging resins market segmentation based on region

• The Americas
• APAC
• EMEA

APAC accounted for the largest packaging resins market share in 2017. This region will witness an increase in its market share and remain the market leader for the next five years.

Key highlights of the global packaging resins market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the packaging resins market during the next five years
• Precise estimation of the global packaging resins market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the packaging resins industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of packaging resins companies

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