Global Plastic Packaging Industry 2014 – 2020

Plastic Packaging Market REPORT DESCRIPTION Plastic Packaging Market for Food & Beverages, Industrial, Household Products, Personal Care, Medical and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020 According to a report published by Transparency Market Research (TMR), the global plastic packaging market, which stood at US$259.6 bn in 2013, will reach US$370.2 bn by the end of 2020. If the figure holds true, the global market for plastic packaging will exhibit a CAGR of 5.20% between 2014 and 2020. The report is titled “Plastic Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available on the company website for sale. The global plastic packaging market, according to the study, is gaining much demand from the rapidly expanding food and beverages industry. The present generation of consumers prefers flexible packaging more than their traditional counterparts. This in turn fuels demand from the global plastic packaging market. Additionally, growing demand from the pharmaceutical industry is also anticipated to boost the global plastic packaging market. However, despite such impressive growth potential, the market is likely to face a challenge from the rising cost of raw materials, which may also impede its growth in the long run. Browse The Full Report At: http://www.transparencymarketresearch.com/plasticpackaging.html For the purpose of the study, the report segments the global plastic packaging market on the basis of product type and end user. In terms of product, the plastic packaging market is segmented into rigid and flexible packaging. Of these, the rigid packaging segment holds the majority share in the market at present. According to the report, the rigid packaging segment will continue as the market leader through the forecast period. Based on end use, the food and beverages industry emerged as the biggest end user of this novel packaging solution, accounting for over 65% of the global plastic packaging market in 2013. The report also forecasts this segment to remain at the forefront of the global plastic packaging market even during the forecast period. 2 Transparency Market Research

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