Industries > Packaging > Global Packaging Resins Market 2019-2029

Global Packaging Resins Market 2019-2029

Global Packaging Resins Market by Type (Adhesive Resins, Barrier Resins, Modifier Resins), by Product (PP, LDPE, HDPE, PS & EPS, PET, PVC), by Application (Food & Beverage, Consumer Goods, Healthcare, Industrial), Global Opportunity Analysis and Industry Forecast

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PRODUCT CODE: MAT0111
SUBMARKET: Materials

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Market Definition:
• Resin is used in the manufacturing process of polymers, adhesives, varnish, paint and plastic.
• Plastic is widely accepted as an effective material compared to other alternative resins as plastics are extremely energy efficient to manufacture and are lighter than alternative materials.
• These resins require high expertise and skills for their production.

Market Overview and Trends

• One of the most predominant plastics used in packaging is high density polyethylene (HDPE). It is mainly used to make many types of bottles and containers.
• Also, high density polyethylene has good chemical resistance, it is used for packaging various household and industrial chemicals such as detergents and bleach.
• Over the years, polymer science has made incredible advances, which has resulted in rapidly evolving the methodologies to develop a variety of resins with fillers and reinforcements.
• These advanced resins provide a massive amount of structural and chemical integrity. Some of the major types of plastic resins used in packaging are recyclable.
• Furthermore, as conventional plastics have a hazardous effect on environment, bio-based resins are being develop to replace plastics. These technological innovations are leading to a certain shift in the packaging industry.
• This technological shift has offered prominent opportunities for the manufacturers to develop new and innovative products that would create a mark in the packaging industry.

Market Dynamics:

Factors Influencing the Market Growth:
• Increasing demand from the food & beverages
• Fast-moving consumer goods (FMCG), and healthcare industries
• Downsizing of packaging material
• Cost-effectiveness, and increased shelf-life of products
• Growing demand for substantial packaging solutions
• Development of modern packaging technologies

Factors Restraining the Market Growth:
• Concerns regarding environmental hazards caused by plastic materials
• Increasing awareness regarding limited usage of plastic
• Ban imposed on plastic materials by several government bodies

Market Segmentation 2019-2029:
The packaging resins market is segmented on the type, product, application and geography.

Type
• Adhesive Resins Market, 2019-2029
• Barrier Resins Market, 2019-2029
• Modifier Resins Market, 2019-2029
• Others Market, 2019-2029

Product
• PP Market, 2019-2029
• LDPE Market, 2019-2029
• HDPE Market, 2019-2029
• PS & EPS Market, 2019-2029
• PET Market, 2019-2029
• PVC Market, 2019-2029
• Others Market, 2019-2029

Application
• Food & Beverage Market, 2019-2029
• Consumer Goods Market, 2019-2029
• Healthcare Market, 2019-2029
• Industrial Market, 2019-2029
• Others Market, 2019-2029

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• LAMEA Market, 2019-2029

Competitive Analysis:

• The key players in the packaging resin market focus on adopting various organic and inorganic growth strategies such as new product launches, partnerships, agreements and collaborations.
• In July 2017 Dow’s Packaging and Speciality Plastics launched a new tenter frame biaxially oriented polyethylene (TF-BOPE), to enhance its Innate precision packaging resin portfolio.
• Companies also adopt mergers & acquisitions, and investments & expansions to enhance their foothold in the market.

Major Market Players:
ExxonMobil Corporation, Sinopec Corporation, LyondellBasell Industries Holdings B.V., SABIC, PetroChina Company Ltd., DowDupont Inc., Borealis AG, Braskem S.A., Indorama Ventures Public Company, and M&G Chemicals.

Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

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