Packaging Resins Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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A07010
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Sep 2020 |
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COVID-19
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Request Now !Packaging Resins Market Analysis 2020-2027:
Plastic resins are light in weight than other materials. Adhesive resins form a solid bond among diverse materials, while sealant resins provide leak-free solidness. Barrier resins shield freshness, reduce taste loss, and increase shelf life. Modifier resins aid to boost overall performance of packaging structure. Packaging resins used in molded merchandise provide high durability and flexibility. In terms of type, the packaging resins market is segmented into PP, LDPE, HDPE, PS & EPS, pet, and p.c. They possess suitable resistance to mold, bacteria, and corrosion. High-density polyethylene (HDPE) is most commonly used to manufacture plastic. In addition, it is used to fabricate various sorts of jugs and containers. Uncolored packing containers are translucent, and exhibit barrier and stiffness traits, and are appropriate for packaging items with short shelf life. High demand for packaging resins is attributed to changes in consumer preference for plastic packaged products, which is the most influencing aspect transforming the packaging industry.
Market scope and structure analysis
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Report Metric |
Details |
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Market size available for years |
2019–2027 |
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Base year considered |
2019 |
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Forecast period |
2020–2027 |
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Forecast unit |
Million (USD) |
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Segments covered |
Type, Application, and Region |
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Regions covered |
North America (U.S., Canada, and Mexico) Europe (Germany, France, Italy, Spain, UK, and Rest of Europe) Asia-Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia-Pacific) Latin America (Brazil, Argentina, and Rest of Latin America) Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa) |
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Companies covered |
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Segmentation by type
- Low-density Polyethylene (LDPE)
- Polypropylene (PP)
- High-density Polyethylene (HDPE)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS) & Expanded Polystyrene (EPS)
- Polyvinyl Chloride (PVC)
Segmentation by application
- Food & Beverage
- Consumer Goods
- Healthcare
- Industrial
- Others (Agriculture and Textiles)
COVID-19 scenario analysis
The outbreak of novel coronavirus has declined the growth of the food & beverages industry. Lockdown implemented by governments of various countries to restrict movement has enforced consumers to stay home to prevent the spread of the virus. The stay home policy along with awareness about the virus has reduced the processed food consumption, this increasing the consumption of homemade food.. This is anticipated to create a negative impact on the growth of the packaging industry. Moreover, the international travel ban has reduced the export and import activities, which will reduce the demand for the packaging products.
Market scenario analysis
Surge in demand for packaging resins across numerous industrial sectors, including food & beverages and consumer goods, is major aspect expected to boost growth of the global market. Low costs, high availability, and wide usage of LDPE in numerous end-use industries are expected to augment the packaging resins market throughout the forecast period. Increase in application of packaging resins within the healthcare industry is a key factor expected to drive the revenue growth of the packaging resins market during the forecast period. Moreover, surge in demand for bioplastics is positively impacting the global packaging resins market. However, the issues about environmental risks due to plastic, increase in awareness concerning limited usage of plastic, and ban on plastic substances by several government bodies are projected to hamper the packaging resins market.
Regional insights
Region wise, the global packaging resins market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific is one of the largest market for packaging resins, due to robust growth of numerous end-use industries, including food & beverages. Rapid economic growth and increase in middle-class population in China and India has increased the customer base for food, beverages, and FMCG products. The packaging resins market in North America and Europe is majorly driven by increase in demand for food and beverages, consumer merchandise, and healthcare products.
Key benefits of the report
- This study presents the analytical depiction of the global packaging resins industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global packaging resins market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global packaging resins market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global packaging resins market research report:
- hich are the leading players active in the global packaging resins market?W
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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