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The market for Plastic Packaging Materials is driven by growth in food & beverages and healthcare industries globally. The change in consumer’s lifestyle with rapid urbanization has augmented the demand for Plastic Packaging Materials. The consumers demand convenience processed and packaged foods which reduce the cooking time. This has resulted in increasing use of Plastic Packaging Materials in food & beverage industries. Food & beverage was valued as the largest application for Plastic Packaging Materials Market in 2015. Over 54% of the volume consumption in 2015 was attributed to the food & beverage industry. It is expected to show far reaching results by 2022 in the APAC region. Furthermore the increasing health risks and growing health and fitness awareness has further fueled the market for Plastic Packaging Materials.
Study Objectives of Global To provide detailed analysis of the market structure along with forecast for the next 10 years of various segments and sub-segments of the global Plastic Packaging Materials market
- To provide insights about factors affecting the market growth
- To Analyze the global Plastic Packaging Materials market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size
The key players of Global Plastic Packaging Materials Market report include- Amcor Ltd, BASF SE, Crown Holdings Inc., Saint-Gobain, Bemis Company Inc., Huhtamaki Oyj, Mondi Group, Sealed Air Corporation, Sonoco Products Company, Constantia Flexibles International GmbH, Ampac Holdings LLC and Wipak Group.
Regional Analysis
APAC dominates the global Plastic Packaging Materials market with its fast growing market worldwide. Over 35% of total volume consumption in 2015 was valued for APAC region. The region is expected to show some rapid development in healthcare and food & beverages industries along with increased investment in the same. This would result in an expanding share of APAC in global Plastic Packaging Materials market by 2022.
However, North America had the largest market size in 2015 and is expected to show steady growth by 2022. Europe and Rest of the World are also expected to grow from 2016 to 2022. The food and beverage market in Europe is expected to show some staggering growth which is expected to drive the Plastic Packaging Materials market by 2022.
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