Global Plastic Packaging Market, Trends, Suppliers & Manufacturers
Global Plastic Packaging Market - Overview
According to a report by Mordor Intelligence, the plastic packaging market was valued at USD 318.92 billion in 2017 and is expected to reach a value of USD 399.44 billion by 2023 at a CAGR of 3.44% over the forecast period of 2018–2023.
Due to the increasing use of plastic packaging in a wide range of applications, including food and beverages, personal care, household care, consumer electronics, and construction, plastics packaging industry is witnessing a major growth.
The industry is projecting towards the positive growth in the near future, as there has been a higher demand for functional/flexible packaging for frozen foods, packaged food, and beverages etc. Industrial applications in energy, construction, and automotive sectors are expected to benefit market growth over the forecast period.
What is Plastic Packaging?
Plastic Packaging is used to protect, preserve, store and transport products in various ways. For the purpose of packaging, 7 types of plastics such as PET, HDPE, PVC, LDPE, PP, PS or other types are used.
Plastics packaging is used to pack products including beauty, personal care products i.e. shampoos, toothpastes, creams, deodorants, food and beverage products such as juices, soft drinks, bottled water, cereals etc, home care products i.e. dishwashers, laundry detergents, sanitizers and so on.
Plastic packaging became essential, owing to its escalating usage across various industries such as healthcare, cosmetics, food & beverage, and other consumer goods.
Best Buying Guide for Plastic Packaging
Plastic Packaging - The Smarter Choice of Packaging
Plastic packaging has become the smarter choice of packaging globally due to three reasons:
a) Food safety, quality and increased shelf life: Plastic packaging is preferred mostly for packing food to increase the safety, quality and shelf life.
As plastics are inert and create an inherent barrier against moisture and oxygen transmission, they provide freshness and hygiene to the products, thereby providing higher shelf life and protecting the content for a longer time.
b) Plastics are Recyclable - As plastics are light-weight, product/content included in plastics tend to have a high product to package ratio. Also, plastics are recyclable, having lower energy requirements for production.
c) Consumer Friendly Packaging is Possible: Plastics are highly versatile, flexible and can be made into desirable shapes. This helps to create consumer friendly packaging and designs.
Why Use Plastics Packaging?
Plastic Packaging can be used as it provides the following benefits:
a) Safety: Plastics Packaging is safe to use as plastics can be recycled and does not break into dangerous pieces when dropped.
b) Hygiene: Plastics Packaging is ideal for the packaging of medicines, food, pharmaceuticals etc.
c) Light Weight: Plastic packaging is preferred as it will be low in weight but high in strength. hence, products packed in plastics are easy to lift.
d) Security: Plastics Packaging are used with tamper-evident and child resistant closures. The transparency of the pack enables users to examine the condition of the goods prior to purchase.
What plastic packaging is recyclable?
Recycled plastic is the best option for plastic packaging. Plastic packaging that can be recyclable are:
Figure: Plastic Packaging Recycling
a) Bottles that are made of PET and HDPE are recyclable. They are easy to collect and recycle.
b) Trays that are made from polypropylene are easy to recycle.
c) PVC makes up small amount of packaging but can contaminate other plastic recycling
Importance of Using Recyclable Plastic Packaging:
Recycling of plastics packaging plays a crucial role majorly for two reasons.
a) Environmental reasons
b) For society
1. Environmental reasons:
• Recycling of plastic packaging will help in reducing the impact of harmful chemicals and green house gases released on the sites of waste dump
• Using plastics recyclable packaging helps in increasing global warming and destruction of environment
• Moreover recycling process needs much lesser energy than producing a new product of that kind hence recycling also saves energy and environment.
2. For people
It helps in reducing the cost of production of packaging as new product costs higher than recycled one.
Plastics Packaging recycling has more demand due to the non-availability space for dumping the non-biodegradable waste.
Key Players | Top Suppliers and Manufacturers of Plastic Packaging
At VIP, our stated vision is to enrich lives every day through sustainable packaging solutions. That's why VIP Packaging is the leading plastic and steel packaging company in Australia & New Zealand.
Preferred Plastics and Packaging Co., Inc. was founded in 1983 by Randy Swickle. We carry only top-of-the-line packaging supplies and equipment. This ensures the safety of the shipments throughout the entire shipping process. And whether the shipments are big or small, our products do just the trick. There are many problems that can arise during the transportation, but with our reliable and quality supplies, you need not worry. The products and packages will be safe and sound during shipment periods and arrive at their destination in one piece.
At Placon, our main concern is our customers’ satisfaction and profitability. For over 50 years we’ve been successfully combining experience, new materials and technology to deliver above our customers’ expectations, ensuring satisfaction and driving profits in the retail, food and medical device packaging markets. We deliver packaging breakthroughs that inspire better engagement between people and products.
Fragstar Corporation Sdn. Bhd., incorporated in 1997, one of the leading plastic bag manufacturers in the country. We currently produce a wide range of products including Rice Bags, Frozen Food Bags, Plain Vacuum Bags, Water Cup Seal, Snack Food Packaging Roll, Heavy-Duty Bags, Shrink Pallet Cover, Sugar/Flour Auto pack Roll, Soft Loop Handle Bags, Die Cut/Punch-Out Handle Bags, Bread Bags, Plain Side-Sealed Bags, Multi Layer Stretch Film, Star Seal Bags On Roll, Bags On Roll, Printed Vest Carrier Bags & Degradable Bags, Plain Vest Carrier Bags and many more.