Global Packaging Resins Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XXBn by 2027, at a CAGR of XX% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Growing demand for packaging resins across various industrial sectors like food & beverages and consumer goods, is major factor projected to drive growth of the global market over the next years. Increasing application scope in the healthcare industry is another key factor estimated to support revenue growth of the target market in the next 10 years. In addition, various properties offered by packaging resins like resistant to continuously changing weather conditions is another factor expected to boost implementation of these products, which in turn estimated to drive development of the target market over the forecast period. Furthermore, packaging resins also find application in industrial sectors with improved efficiency, which in turn expected to drive development of the target market over the next years.
Based on Application segment,Food & beverage is the largest application segment of the global packaging resins market. Plastic packaging of food & beverage products reduces the possibility of product contamination and also protects products from environmental factors, like moisture, gas, light, and temperature. These factors are projected to drive the demand for packaging resins in the food & beverage sector.
On the basis of type segment,LDPE is projected to be the largest type because of its properties, like flexibility, moisture barrier, toughness, and chemical resistance. The availability of LDPE resins at cheap rates and wide usage in various industries are estimated to be the major reasons for the high development of the global resins market.
In terms of region, Asia Pacific is the largest and the fastest-growing market for packaging resins because of the rising demand from the food & beverage industry in the region. In addition to this, the growing population in these countries presents a significant customer base for FMCG products and food & beverages, which in turn is projected to lead to the growth of the packaging resins market.
The report offers a complete assessment of the market. It does so via detailed qualitative insights, historical data, and verifiable projections about market size. The estimates featured in the report have been derived using proven research methodologies and expectations. The examination report serves as a source of study and information for every surface of the market, including but not incomplete to regional markets, technology, types, and applications.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Packaging Resins Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Packaging Resins Market.
Scope of Global Packaging Resins Market
Global Packaging Resins Market, by Type
• PS & EPS
Global Packaging Resins Market, by Application
• Food & Beverage
• Consumer Goods
Global Packaging Resins Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Packaging Resins Market
• Sinopec Corporation
• Exxonmobil Chemical
• Lyondellbasell Industries Holdings B.V
• Petrochina Ltd.
• Borealis AG
• Braskem S.A.
• Dowdupont Inc.
• Indorama Ventures Public Company Ltd.
• M&G Chemicals
• Arkema S.A.
• BASF SE
• 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.
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