Packaging Resins Market Report

Packaging Resins Market Insights

Packaging Resins Market is likely to witness an impressive CAGR of 7.5% during the forecast period. Packaging resins find application and have high demands in various sectors such as food & beverage, healthcare, consumer goods, industrial, and others. Their high demand is due to the changing preferences of consumers for products with plastic packaging, influencing the transformation of packaging industry.

Market Share Analysis

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Packaging Resins Market Share: By Type

Based on the type, the market is segmented as low density polyethylene, propylene, high density polyethylene, polyethylene terephthalate, polystyrene & expanded polystyrene, polyvinyl chloride, and others.  Low density polyethylene offers excellent features, such as moisture barrier, flexibility, toughness, and resistance from chemical due to which, it is estimated to be the largest segment of the market during the forecast period.

Packaging Resins Market Share: By Application Type

Based on the application type, the market is segmented as food & beverage, consumer goods, healthcare, industrial, and others. Packaging resin increases the shelf life of products by protecting them for a longer period of time due to which it is broadly used in the food & beverage sector. This is one of the major factors fueling the demand for packaging resins in the food & beverage sector during the forecast period.

Packaging Resins Market Share: By Region

In terms of regions, Asia-Pacific is expected to be the largest as well as the fastest-growing market for packaging resins owing to the increasing demand from FMCG and the food & beverage industries in the region during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Some of the key players in packaging resins market are-

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

Market Scope & Segmentation

Packaging resins are usually made from plastic resin material, which is a wide category of resins and has many types. Plastic resins are made by using synthetic materials and are produced when large hydrocarbon molecules are heated up to a temperature where they break into smaller particles.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The packaging resins market is segmented into the following categories. 

Packaging Resins Market Size, Share, & Forecast, by Type:

• Low Density Polyethylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polypropylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• High Density Polyethylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyethylene Terephthalate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polystyrene & Expanded Polystyrene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyvinyl Chloride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Packaging Resins Market Size, Share, & Forecast, by Application Type:

• Food & Beverage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Packaging Resins Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.