The major factors driving the growth of this market are the increasing number of packaging procedures, growing popularity of packaging procedures. These factors increase the demand for plastic packaging products.

Pune, India -- (SBWire) -- 08/02/2018 --Global plastic packaging market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plastic packaging market for global, Europe, North America, Asia Pacific and South America.

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"Plastic packaging is current in the atmosphere and has been on the rise in current years. With the new restrictions on sending plastic waste to China, it's more important than ever that as a country, we reinvent how we deal with end of life plastic."

Global Plastic Packaging Market accounted to USD 100.2 billion in 2016 growing at a CAGR of 6.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The demand for the plastic has increased due to high products available in the plastic bags, and sachets, as well as the more conventional rigid packaging methods.

Research Segmentation:

- By product the global plastic packaging market is segmented into rigid packaging, and flexible packaging.

- On the basis of application the global plastic packaging market is segmented into food & beverages, industrial, household products, personal care, medical, and others.

- On the basis of end-user the global plastic packaging market is segmented into food industry, commercial, and residential, and hospitals & clinics.

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Some of the major players operating in global plastic packaging market are

- Amcor Limited,
- Novolex – Carlyle Group,
- Bischof + Klein SE & Co. Kg, RPC BPI Group,
- Proampac,
- Britton Group Limited,
- Gascogne Flexible,
- Graphic Packaging Holding Company,
- Swiss PAC,
- Sonoco Products Company,
- Printpack, Inc.,
- Wihuri Oyj,
- Sigma Plastics Group,
- American Packaging Corporation,
- Om Printing & Flexible Packaging Pvt. Ltd.,
- COVERIS, HUHTAMAKI GROUP,
- Glenroy, Inc.,
- Cosmo Films Limited among others.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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