Plastic Packaging Market SWOT Analysis Of Top Key Player Forecasts Plastic Packaging Market - Global Industry Analysi

Plastic Packaging Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2014 - 2020
Global Plastic Packaging Market: Snapshot
Expansion plans bearing fruition in the food and beverage industry form the key
driver for the global plastic packaging market. Plastics offer a cleaner, tougher, and
more appealing form of packaging, especially for the food and beverage industry,
thereby generating a quick rate of growth in demand worldwide. There is a heavy
demand for a lot of products to be made available in plastic bags, pouches, and
sachets, as well as the more conventional rigid packaging methods. The physical
advantages that plastics provide in terms of strength and durability cannot currently
be equaled by any other material for the same price.
However, the global plastic packaging market is currently being restricted by the
price control need on its raw materials that are generated from petrochemicals, or
crude oil. The price of crude is increasing globally amidst a shortage of supply of
fuel. This is hampering the use of crude for purposes other than transportation and
exploration. Manufacturers in the global plastic packaging market are therefore
looking towards alternative raw materials and have already found positive scope of
growth in fields such as bioplastics.
The global plastic packaging market is expected to expand at a CAGR of 5.3% within
a forecast period from 2013 to 2020, in terms of revenue. This revenue is expected
to touch US$300,582.5 mn by the end of 2016 and is likely to reach US$370,354.9
mn by the end of 2020. The overall volume of production in the global plastic
packaging market is expected to reach 108,853.1 kilo tons by the end of 2020.
View Report @ http://www.transparencymarketresearch.com/plastic-
packaging.html
Platform of Opportunities Shifts from Developed to Developing Economies
From a regional perspective, the global plastic packaging market is finding ample
opportunities of growth in consumption as well as development rates within
emerging economies across the world. This is especially apparent in Asia Pacific
where the end-user industries of the global plastic packaging market have taken off
at very fast rates. Industrial growth and infrastructure development, coupled with a
high increase in the demand for all products that require plastic packaging are
currently boosting the opportunities that players can have in these regions.