Packaging Resins Market Size, Share, Key Players, Growth Trend, and Forecast, 2020

Reports and Data has recently added a new report titled “Global Packaging Resins Market Research Report 2021” to its ever expanding repository which offers a comprehensive overview of the Packaging Resins market including current and emerging trends, consumer behavior patterns, competitor strategies, brand promotions and product launches, among others. The report covers the initial and future impact assessment of the COVID-19 pandemic on the overall market and offers key insights into the remuneration condition in a post-COVID-19 scenario. The report also offers key insights into production and consumption ratio, import/export, supply and demand patters, market share, market size, and revenue growth. The study also offers a comprehensive outlook for the driving and restraining factors along with micro and macro-economic factors expected to affect the growth of the industry.

The global packaging resins market is forecast to reach USD 410.77 Billion by 2028, according to a new report by Reports and Data. A surge in demand for bioplastics is a significant trend in the global packaging resins market. They are biodegradable products that are derived from renewable and natural sources such as vegetable oil, potatoes, tapioca, pea starch, rice, sugar cane, cornstarch, grains, wheat, and cellulose from wood. Bioplastics are preferred over conventional plastics due to their eco-friendly nature.

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The food and beverage sector is fueling the demand for packaging resins market along with consumer goods. The lucrative opportunity provided by the healthcare industry is also boosting market demand. Increasing application of the healthcare industry are also fueling the packaging resins market. Furthermore, various properties of packaging resins, such as its resistance to continuously changing weather conditions is another factor that will propel the market.

Market Overview:

The chemicals and materials industry produces a massive variety of products consumed by people across the world on a daily basis. While several products, namely detergents, perfumes, soaps, and others are bought directly by the consumers, the others are used as ingredients to make numerous products. For instance, in Europe, nearly 70% of the chemicals that are manufactured are used to make other products. The industry uses a wide range of raw materials ranging from oil, minerals, air, and others. With growing competition among industry players, innovation remains vital in discovering new paths to meet the needs of the sophisticated, demanding and environmentally conscious consumers.

The competitiveness within the chemical industry and among the chemicals, the chemical industry spends large amounts on research, particularly in the highly industrialized countries, which will foster market size in the coming years.

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Competitive Landscape:

Industry players in the Packaging Resins market are adopting the strategy of forward integration to cater increasing product demand and to enhance their footprint in the global market.

This market report provides details of new recent developments, import export analysis, trade regulations, production analysis, value chain optimization, market share, analyses opportunities in terms of emerging revenue pockets, impact of domestic and localized market players, changes in market, trends, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.

Regional Outlook:

North America is expected to dominate the global materials and chemicals market landscape in during the forecast period owing to the strong presence of prominent industry players in this region.

APAC is projected to be the fastest growing Packaging Resins market globally. The increasing manufacturing and export over the past years has led several global leading companies to not only make huge investments in the region’s chemical sector but also set up their own manufacturing sites to increase their presence in this emerging market.

Top companies operating in the market and profiled in the report include: Sinopec Corporation, SABIC, Petrochina Ltd., Borealis AG, Dowdupont Inc., M&G Chemicals, Indorama Ventures Public Company Ltd., Braskem S.A., Far Eastern New Century Corporation, and Jiangsu Sanfangxiang Group Co., Ltd, among others.

For the purpose of this report, Reports and Data have segmented into the global Packaging Resins market on the basis of type, product, application, and region:

Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)

Adhesive Resins
Barrier Resins
Modifier Resins

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Product Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)

LDPE
PP
PET
PVC
HDPE
PS & EPS
Others

Application Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)

Food and Beverage
Healthcare
Consumer Goods
Industrial
Others

Key Questions Answered by the Report:

What market segment is expected to register the highest growth in the forecast period?
What are the risks and threats that are affecting the market?
Which region is expected to dominate other regions over the forecast period?
Who are the prominent players of the industry? What strategic business plans have they undertaken?
What are the key factors driving and restraining growth of the market?
What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?

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