The Plastic Alternative Packaging by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Plastic Alternative Packaging, The plastic alternative packaging market size has grown rapidly in recent years. It will grow from $5.33 billion in 2023 to $6.25 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to increased demand for industrial packaging products, environmental concerns over plastics and rising inclination towards alternatives to plastics.
The plastic alternative packaging market size is expected to see rapid growth in the next few years. It will grow to $11.84 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to technological advances, rising awareness, government initiatives and an increase in availability of plastic alternative packaging. Major trends in the forecast period include focus on establishing collaborations with research institutions and established companies, focus on investment in mono material packaging solutions, focus on leveraging industrial wastes to upcycle and create innovative plastic alternative packaging materials, focus on use of artificial intelligence (ai), focus on mergers and acquisitions and focus on use of environment-friendly bioplastics.
Growing environmental concerns associated with plastic usage are a major driver of the growth of the plastic alternative packaging market. Plastic products consist of deadly pollutants and cause harmful effects on humans, animals, and the environment. Customers are interested in eco-friendly packaging options as a replacement for plastic packaging. For instance, in November 2021, according to the Office for National Statistics (ONS) Opinions and Lifestyle Survey (OPN), a UK-based national statistical institute, in October 2021, three-quarters (75%) of adults in the United Kingdom expressed concern about the effects of climate change. The rising inclination towards alternatives to plastics has attracted businesses worldwide, which contributes to the growth of the plastic alternative packaging market.
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The plastic alternative packaging market covered in this report is segmented –
1) By Type: Starch-Based Plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Other Types
2) By Process: Bio-Based/Non-Biodegradable, Biodegradable
3) By Application: Food And Beverage, Personal Care, Health Care, Other Applications
Companies in the plastic alternative packaging market are focusing on mono-material packaging solutions to offer a more sustainable polyolefins-based packaging solution with greater circularity. The products are based on a single polymer increasing recyclability as it doesn’t need to be disassembled before being recycled. These materials eliminate the need for material separation and the risks of tainting a recycling stream, making recyclability easier to achieve. Companies are using new polypropylene (PP) solutions, which are viable monomaterial substitutes for multimaterial plastics, offering a higher moisture barrier, thermal resistance, and high transparency to develop mono material packaging. Also, in 2021, the Japanese printing company, Dai Nippon Printing Co., Ltd. developed a mono-material packaging combining oxygen and water vapor barrier properties that accommodate heat sterilization with high-level recyclability and are suitable for long shelf life of the contents.
The plastic alternative packaging market report table of contents includes:
1. Executive Summary
2. Plastic Alternative Packaging Market Characteristics
3. Plastic Alternative Packaging Market Trends And Strategies
4. Plastic Alternative Packaging market analysis
5. Plastic Alternative Packaging Market Size And Growth
6. Plastic Alternative Packaging Segmentation
7. Plastic Alternative Packaging Regional And Country Analysis
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27.Plastic Alternative Packaging Competitive Landscape And Company Profiles
28. Plastic Alternative Packaging Key Mergers And Acquisitions
29. Plastic Alternative Packaging Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- BASF
- Amcor PLC
- Tetra Pak International SA
- Sealed Air
- Evergreen Packaging
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Flexible Plastic Packaging is a non-rigid method of plastic packaging.
The process uses flexible plastic materials that can easily change shape based on the nature of the product being packaged.Flexible plastic packaging is widely used in food, household products, medical products, personal care products, and others.The technical barriers of flexible plastic packaging are relatively low, and the flexible plastic packaging enterprise disperse in many countries, and the relative large companies include Amcor, Bemis, Sealed Air, Sonoco, Berry Plastics, Constantia Flexibles, Linpac, Huhtamaki and others.https://www.grandresearchstore.com/report-sample/global-flexible-plastic-packaging-2019-2024-735According to this study, over the next five years the Flexible Plastic Packaging market will register a 3.0% CAGR in terms of revenue, the global market size will reach US$ 97000 million by 2024, from US$ 83600 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Flexible Plastic Packaging business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Flexible Plastic Packaging market by product type, application, key manufacturers and key regions and countries.This study considers the Flexible Plastic Packaging value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.PPPEPETSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.Food IndustryPharmaceuticalPersonal & HomecareThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.The key manufacturers covered in this report: Breakdown data in in Chapter 3.AmcorBemisSealed AirSonocoBerry PlasticsConstantia FlexiblesLinpacHuhtamakiWipak GroupProAmpacUkrplasticNovelZijiangSouthern Packaging GroupIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole.
It also analyzes key emerging trends and their impact on present and future development.Research objectivesTo study and analyze the global Flexible Plastic Packaging consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Flexible Plastic Packaging market by identifying its various subsegments.Focuses on the key global Flexible Plastic Packaging manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Flexible Plastic Packaging with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Flexible Plastic Packaging submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-flexible-plastic-packaging-2019-2024-735Table of content2019–2024 Global Flexible Plastic Packaging Consumption Market Report1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology1.5 Economic Indicators1.6 Currency Considered2 Executive Summary2.1 World Market Overview2.1.1 Global Flexible Plastic Packaging Consumption 2014–20242.1.2 Flexible Plastic Packaging Consumption CAGR by Region2.2 Flexible Plastic Packaging Segment by Type2.2.1 PP2.2.2 PE2.2.3 PET2.3 Flexible Plastic Packaging Consumption by Type2.3.1 Global Flexible Plastic Packaging Consumption Market Share by Type (2014–2019)2.3.2 Global Flexible Plastic Packaging Revenue and Market Share by Type (2014–2019)2.3.3 Global Flexible Plastic Packaging Sale Price by Type (2014–2019)2.4 Flexible Plastic Packaging Segment by Application2.4.1 Food Industry2.4.2 Pharmaceutical2.4.3 Personal & Homecare2.5 Flexible Plastic Packaging Consumption by Application2.5.1 Global Flexible Plastic Packaging Consumption Market Share by Application (2014–2019)2.5.2 Global Flexible Plastic Packaging Value and Market Share by Application (2014–2019)2.5.3 Global Flexible Plastic Packaging Sale Price by Application (2014–2019)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
