The global packaging resin market is projected to grow at a CAGR of 7%-9% during 2020-2025. The growth of packaging resin market is driven by increasing demand for longer shelf life of products and growing awareness of protecting food products from perishing easily.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the packaging resin market by
type (LDPE (low density polyethylene), PP (polypropylene), HDPE (high density
polyethylene), PET (polyethylene terephthalate), PS (polystyrene), and PVC
(polyvinyl chloride)), application (food & beverage, consumer goods,
healthcare, and industrial), and region (North America, Europe, Asia Pacific,
and Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the packaging resin market?
Q.4 What are some
changing demands of customers in the packaging resin market?
Q.5 What are the new
developments in the packaging resin market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this packaging resin area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this packaging resin market?
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Market Segmentation:
Based on type, the packaging
resin market is segmented into LDPE (low density polyethylene), PP
(polypropylene), HDPE (high density polyethylene), PET (polyethylene
terephthalate), PS (polystyrene), and PVC (polyvinyl chloride). The LDPE (low
density polyethylene) segment accounted for the largest share of the market in
2020 as it has flexibility, moisture barrier, toughness, chemical resistance,
availability of LDPE resins at cheap rates, and it is used for a wide range of
industries.
North America is
expected to be the largest region over the forecast period and it is also expected
to witness the highest growth over the forecast period due to the growing
demand from the FMCG (fast-moving consumer goods) and food & beverage
industries in the region.
Key Players in the packaging
resin market are ExxonMobil, Sinopec, LyondellBasell Industries Holdings,
SABIC, PetroChina, and DowDupont.
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The
report helps stakeholders understand the pulse of the market and provides them
with information on key drivers, restraints, challenges, and opportunities for
market growth. It would also help to understand the competitors better and gain
more insights to improve their position in the business.
To read more about this market please click on
https://www.lucintel.com/packaging-resin-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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