$277 Billion Packaging Resins (LDPE, PP, HDPE, PET, PS, PVC) Market – Global Forecast to 2022 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Packaging
Resins Market by Type (LDPE, PP, HDPE, PET, PS, PVC), Application (Food
& Beverage, Consumer Goods, Healthcare, Industrial), and Region (North
America, Europe, Asia Pacific, Middle East & Africa & South America) –
Global Forecast to 2022" report has been added to ResearchAndMarkets.com's
offering.

The packaging resins market is estimated at USD 192.17 billion in 2017
and is projected to reach USD 277.13 billion by 2022, at a CAGR of 7.6%
from 2017 to 2022

Growing demand from the food & beverage, FMCG, and healthcare
industries, downsizing of packaging, and cost-effectiveness, and
increased shelf-life of products are expected to drive the demand for
packaging resins. Stringent regulations imposed on the use of plastics
may pose a restraint for the market, but to a lower extent.

The healthcare application is projected to be fastest-growing market for
packaging resins due to the increasing demand from the pharmaceutical
production sector. Packaging resins enable the protection of healthcare
products from moisture, gas, light, and temperature. These factors are
expected to drive the packaging resins market for the healthcare
application.

Polypropylene is expected to be the fastest-growing segment of the
packaging resins market by type, due to its properties, such as
excellent low temperature impact strength, high heat deflection
temperature, and rigidity.

The packaging resins market in the Asia Pacific is projected to grow at
the highest CAGR during the forecast period due to the growing food &
beverage and Fast-Moving Consumer Goods (FMCG) industries. Increasing
demand for applications, such as food & beverages, healthcare, and
consumer goods sectors are driving the market for packaging resins in
the region.

Market Dynamics

Drivers

• Downsizing of Packaging Materials
• Cost-Effectiveness & Increased Shelf-Life of Products

Restraints

• Rising Concerns Pertaining to Plastic Disposal

Opportunities

• Growing Demand for Sustainable Packaging Solutions
• Modern Packaging Technologies

Challenges

• Recyclability of Flexible Plastics

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Packaging Resins Market, By Type

7 Packaging Resins Market, By Application

8 Packaging Resins Market, By Region

9 Competitive Landscape

10 Company Profiles

• Sinopec Corporation
• Exxonmobil Chemical
• Lyondellbasell Industries Holdings B.V
• SABIC
• Petrochina Ltd.
• Borealis AG
• Braskem S.A.
• Dowdupont Inc.
• Indorama Ventures Public Company Ltd.
• M&G Chemicals
• 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
• Total S.A.

For more information about this report visit https://www.researchandmarkets.com/research/vvfwkk/277_billion?w=4

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Related
Topics: Packaging,
Plastic
Resins