Plastic Packaging Market SWOT Analysis Of Top Key Player Forecasts Plastic Packaging Market - Global Industry Analysi | Page 2

Meanwhile, the growth rate of plastic packaging manufacturers in the developed
economies of North America and Europe is slowing down to a mediocre average
demand. These regions are showing greater concern over the use of plastics for
packaging due to the problems they create when it comes to disposal. They are
therefore looking for alternative packaging methods and materials that can provide
a more eco-friendly solution.
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Flexible Packaging Steadily Taking Center stage for Consumer Appeal
The two basic product types offered by the global plastic packaging market are rigid
packaging and flexible packaging. Of these, rigid packages have led – and are
expected to continue leading – the global plastic packaging market. However, one of
the key drivers augmenting the global plastic packaging market currently is the
growing demand for flexible packaging. This form of packaging is finding a greater
scope of use in multiple applications thanks to developments that have increased
their tensile strength and toughness. Flexible packaging also offers the storage of
greater volumes of products in smaller spaces as it takes up minimal space and
weight when compared to its contents.
The key players currently operating in the global plastic packaging market include
Bemis Company, Inc., Constantia Flexibles International GmbH, Mondi Plc,
Huhtamaki Oyj, Ampac Holdings LLC, Sealed Air Corporation, Ukrplastic Corporation,
Sonoco Products Company, Amcor Ltd., and Wipak Group.
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