Harrisburg, NC -- (SBWIRE) -- 10/02/2020 -- The Packaging Resins Market Research Report 2020 to 2026 presents an in-depth assessment of the Station Packaging Resins It provides the industry overview with market growth analysis with a historical & futuristic perspective considering the following parameters; cost, revenue, demands, and supply data (as applicable). The bottom-up approach was used to estimate the global market size of Station Packaging Resins based on end-use applications in the various regions, in terms of USD million. The report covers the historic growth of the market, the impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Packaging Resins investments from 2020 to 2026.
Top Companies in the Global Packaging Resins Market
Sinopec Corporation, Exxonmobil Chemical, LyondellBasell Industries N.V. (NYSE: LYB), SABIC, PetroChina Company Limited (NYSE: PTR), Borealis, Braskem, DowDupont, Indorama Ventures, M&G Chemicals, among others.
The global Packaging Resins Market to grow with a CAGR of +5.5% over the forecast period of 2021-2026.
Market Overview:
The growing demand for sustainable packaging solutions and innovation of modern packaging technologies are likely to provide ample opportunities for the growth of the packaging resins market over the forecast period. The food and beverage segment is expected to dominate the packaging resins market over the forecast period. The Asia-Pacific region dominated the packaging resins market, and it is also expected to be the fastest-growing regional market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan.
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Market Insights:
The food and beverage segment stands to be the dominating segment among applications, where packaging requirement is widely driven by a growing need to increase the shelf life of products, thus, protecting food products for longer periods. The packaging is one of the key aspects considered by the firms engaged in the food and beverage industry, to ensure compatibility of packaging material with food, the durability of food, the safety of human health, and attractiveness of the packaging. The increase in the aging population, growing demand for convenient packaging, growth of the e-commerce business, the growing online food delivery market, and the packaging of products in different sizes and quantities are some of the market conditions that have been boosting the demand for flexible packaging globally.
The Asia-Pacific region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan. Factors, such as the rising disposable income, increasing consumer expenditure, and growing population, have been driving the demand for FMCG goods, which in turn, have been driving the packaging requirements in Asia-Pacific. Furthermore, the growth in the production of beauty and personal care products in countries, like Japan, India, China, and ASEAN Countries, has been further driving the packaging demand in the region. China stands to be the second-largest market for beauty products in the world, after the United States. Considering the growth prospects for the cosmetics industry in China, international cosmetic brands entered the market, which led to intense competition in the domestic cosmetic industry.
The Packaging Resins market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Packaging Resins Market based on Types are
Low-Density Polyethylene (LDPE)
Polypropylene (PP)
High-Density Polyethylene (HDPE)
Polyethylene Terephthalate (PET)
Polystyrene (PS) & Expanded Polystyrene (EPS)
Polyvinyl Chloride (PVC)
Based on Application, the Global Packaging Resins Market is Segmented into
Food & Beverage
Consumer Goods
Healthcare
Industrial
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Regions Are covered By Packaging Resins Market Report 2020 To 2026.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Packaging Resins Market
-Changing Packaging Resins market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Packaging Resins market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of the Packaging Resins Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
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The report has 150 tables and figures browse the report description and TOC
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All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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