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Packaging Resins Market Share

Report ID: GMI11090
Published Date: Aug 2024
Report Format: PDF

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Packaging Resins Market Share

Lyondellbasell Industries Holdings B.V and Exxonmobil Chemical are among the key players in the market. LyondellBasell Industries Holdings B.V. is a key player in the packaging resins industry due to its extensive expertise and innovative capabilities in polymer production. The company offers a wide range of high-performance resins, including polyethylene, polypropylene, and specialty polymers, which are essential for various packaging applications. LyondellBasell's focus on research and development enables it to produce advanced resin solutions that meet the evolving needs of the packaging industry, such as enhanced durability, flexibility, and barrier properties. Additionally, the company's strong global presence and robust manufacturing infrastructure allow it to efficiently supply packaging resins to diverse markets worldwide. LyondellBasell's commitment to sustainability and its efforts to develop eco-friendly and recyclable resin options further solidify its position as a leading player in the market.

ExxonMobil Chemical is a significant player in the packaging resins market due to its leadership in the production of high-quality polymers and resins. The company provides a broad portfolio of resins, including polyethylene, polypropylene, and advanced polymer materials, which are widely used in packaging applications across various industries. ExxonMobil's strength lies in its continuous innovations and investments in resin technology, which enables the development of high-performance packaging materials with improved properties such as strength, clarity, and barrier protection. The company’s global reach and extensive distribution network ensure a consistent supply of packaging resins to markets around the world. ExxonMobil Chemical's commitment to sustainability, including efforts to develop recyclable and sustainable packaging solutions, further enhances its role as a key player in the market.

Packaging Resins Market Companies

Major players operating in the industry are:

Lyondellbasell Industries Holdings B.V
Exxonmobil Chemical
SABIC
Dow Chemical Company
Borealis AG
Braskem S.A.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Packaging resins market size was USD 290.4 billion in 2023 and is expected to register over 8% CAGR from 2024-2032 due to increasing preference for flexible packaging across various industries, such as food & beverages, pharmaceuticals, and personal care worldwide.

Packaging resins industry from the polyvinyl chloride (PVC) segment is expected to register over 10% CAGR from 2024-2032 due to its durability, flexibility, and resistance to moisture and chemicals.

Asia Pacific packaging resins industry held over 35% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the expanding manufacturing capabilities, rapid urbanization, and increasing consumer demand in the region.

Lyondellbasell Industries Holdings B.V, Exxonmobil Chemical, SABIC, Dow Chemical Company, Borealis AG, and Braskem S.A., are some of the major packaging resins companies worldwide.