Global Packaging Resins Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 7.20% during the forecast period that is 2017-2025. Packaging resins require high expertise and skills for their production. They are lighter than other materials. A wide range of resins are available to meet specific needs. For instance, adhesive resins form a bond between materials of dissimilar properties, while sealant resins provide leak-free solidness. Barrier resins protect freshness; decrease flavour loss; and increase shelf-life. Packaging resins for moulded products provides superior flexibility as well as durability.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global packaging resins market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global packaging resins market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.  

Market Dynamics

Packaging Resins Market was valued USD 1,72,658.0 million in the year 2017, and is growing at rate of 7.20% during the forecast period. Factor driving the market growth are downsizing of packaging materials, and cost-effectiveness & increased shelf-life of products of packaging resins. However, increasing concerns regarding plastic disposal is one of the significant factors hindering the packaging resins market growth. Additionally, volatile prices of raw material, increasing awareness regarding limited usage of plastic, and ban on plastic materials by government bodies across globe are also some of the factors expected to restrain the growth of packaging resins market during the analysis period. On the contrary, rising demand for sustainable or eco-friendly packaging solutions to offer lucrative growth opportunities during the forecast period.

In order to stay competitive, companies operating in the packaging resins market have adopted numerous strategies such as product launch, product development, business expansion, collaboration, partnership, agreement, and acquisition to strengthen their market shares and strengthen their geographical presence, globally. For instance, in May 2016, ExxonMobil has launched a product named Exceed XP. Exceed XP is a new polyethylene product that provides better performance for flexible packaging, at the Chinaplas trade show in Shanghai. The new polymers enable superior processing to create damage-resistant packaging. These unique polymers can be used several applications such as liquid and food packaging, construction liners and agricultural films.

Segment Analysis

By Type Insights: On the basis of type, the packaging resins market is bifurcated into low-density polyethylene (LDPE), polypropylene (PP), high-density polyethylene (HDPE), polyethylene terephthalate (PET), polystyrene (PS), and polyvinyl chloride (PVC). Low-Density Polyethylene (LDPE) is anticipated gain highest market share owing to its properties, such as flexibility, moisture barrier, toughness, and chemical resistance. Low-Density Polyethylene (LDPE) resins are utilized in packaging applications such as container bags. The low-density polyethylene (LDPE) resins is cost-effective as compared to other types, and wide usage in numerous industries are anticipated to be the significant factors for the growth of the packaging resins market.

By End-User Insight: On the basis of end-user industry, the packaging resins market is bifurcated into food & beverage, consumer goods, healthcare, and industrial. Packaging resins are widely utilized in the food & beverage industry, as these increase the shelf life of products, thus protecting food products for longer periods. These factors are anticipated to upsurge the demand for packaging resins in the food & beverage application

Regional Analysis

The global packaging resins market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific - India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Asia-Pacific is expected to be the fastest growing region as well as anticipated to gain highest market share. This is attributed to the rising demand from Fast-Moving Consumer Goods (FMCG) and food & beverage industries in the region. North America and Europe held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.

Global Packaging Resins Market Size, Share Analysis By Region 2017

Global Packaging Resins Market Study Objective

1. To forecast the market size of packaging resins market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of packaging resins market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of packaging resins market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of packaging resins market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the packaging resins market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key players Landscape

Key players of Global Packaging Resins Market are Sinopec Corporation, Exxonmobil Chemical, Lyondellbasell Industries Holdings B.V, SABIC, Petrochina Ltd., Borealis AG, Braskem S.A., Dowdupont Inc., Indorama Ventures Public Company Ltd. and M&G Chemicals. The other players in the value chain of the market comprises Arkema S.A., BASF SE, Borouge, DAK Americas LLC, Far Eastern New Century Corporation, Ineos Group AG, Jiangsu Sanfangxiang Group Co., Ltd., Reliance Industries Ltd., Styrolution Group GmbH, and Total S.A.

Global Packaging Resins Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.