E-commerce Expansion to Add to the Demand for Plastic Protective Packaging

Fact.MR, in its recently composed research report, slates that the global Plastic Protective Packaging market will exhibit a modest 4.7% CAGR in the duration between 2017 and 2026. Revenues from sales of Plastic Protective Packaging across the globe are forecast to close in approximately US$ 544,000 Mn by 2026-end. Plastic Protective Packaging seek huge application in household chemicals, food, personal care products, beverages, and pharmaceutical products. Adoption of Plastic Protective Packaging for use in meat products is witnessing acceleration, with the introduction of non-deformable and strong Plastic Protective Packaging that come in in a wide range of sizes and shapes.

Adoption of Plastic Protective Packaging is increasing, as they facilitate transportation, disposition, and storage of delicate food products including cold cuts, sausages, and meats. Robust growth in the medical and pharmaceutical industries has led towards a considerable surge in demand for Plastic Protective Packaging. High barrier properties coupled with superior aesthetic value delivered by plastic against air and moisture is a primary factor fuelling its adoption in the medical and pharmaceutical sector. Reutilization of Plastic Protective Packaging is becoming one of the most inexpensive and effective methods in reducing environmental impact of plastic. Several manufacturers in the market are concentrating on enhancing durability of Plastic Protective Packaging so that they can be reutilized & refilled numerous times prior to damage caused by prolonged use.

5 Key Projections on Future of Plastic Protective Packaging Market for Forecast Period 2017-2026 (In Terms of Volume)

  • Number of plastic container sold is expected to remain the largest in North America, accounting for nearly 30% share of the market by 2026-end. Asia-Pacific excluding Japan (APEJ) will also prevail as a profitable region for plastic container sales, accounting for over 25% share of the market by 2026-end. In addition, sales of Plastic Protective Packaging in North America and APEJ are projected to reflect an equal and highest CAGR through 2026.
  • Polyethylene terephthalate (PET, PETE, PETG, or polyester) will endure as the more remunerative packaging material in the global Plastic Protective Packaging market, with sales pegged to exceed 50,000 MT by 2026-end. However sales of high density polyethylene (HDPE) will exhibit the fastest expansion in the market through 2026. Number of Plastic Protective Packaging produced by using polyvinyl chloride (PVC) will remain higher than those produced by using HDPE, although reflect a comparatively slower growth in sales through 2026.
  • On the basis of packaging type, containers (Plastic Protective Packaging, metal cans) and boxes and cartons will remain sought-after in the market, with sales collectively projected to hold roughly two-third share of the market by 2026-end. However, sales of bags & pouches are poised to exhibit a relatively faster growth in the market through 2026.
  • Bottled water will continue to be the dominant application of Plastic Protective Packaging, trailed by alcoholic beverages and carbonated soft drinks. Alcoholic beverages and carbonated soft drinks will account for roughly similar share of the market by 2026-end.
  • Based on end-user, sales of Plastic Protective Packaging in food & beverages will remain significantly higher than that in all the other end-users combined. Food & beverages will also prevail as the fast-growing end-user in the global Plastic Protective Packaging market.

What’s Driving the Revenue of the Plastic Protective Packaging Manufacturers?

Plastic has emerged as an effective alternative to packaging materials such as glass, paper, wood, metal, and others due to their cost-effectiveness and non-reactivity with food, beverages and cosmetics, light-weight, and hassle-free process cycle.

According to the European Commission (EC), Germany has the largest cosmetics market valued at EUR 11.7 billion, followed by France (EUR 10.4 billion), the United Kingdom (EUR 10 billion), and Italy (EUR 8.8 billion).

As per the data published by the United States Department of Agriculture (USDA), the food marketing system including food service and food retailing in the United States supplied approximately US$ 1.77 trillion worth of food in 2019 out of which US$ 969.4 billion was supplied by foodservice facilities.

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