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Packaging Resins Market Trends

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

Packaging Resins Market Trends

A notable trend in the packaging resins industry is the increasing shift toward sustainable and eco-friendly packaging solutions. As environmental concerns rise, there is a growing demand for resins derived from renewable resources, such as bio-based and biodegradable materials. Companies are investing in research and development to create packaging resins that reduce environmental impact, offer improved recyclability, and align with global sustainability goals. This trend is driven by consumer preferences for greener products and regulatory pressures to minimize plastic waste and pollution.
 

The packaging resins market is witnessing significant advancements in resin technologies that enhance performance and functionality. Innovations, such as high-barrier resins, smart packaging materials with integrated sensors, and advanced coating technologies, are driving the development of more efficient and versatile packaging solutions. These technological improvements enable better protection of products, longer shelf life, and enhanced consumer experiences. The continuous evolution of resin technologies is expanding the applications of packaging materials across various sectors, including food & beverages, pharmaceuticals, and consumer goods.
 

The rapid growth of e-commerce and online retailing is a key trend influencing the market. As more consumers turn to online shopping, there is an increasing need for packaging solutions that ensure product safety and integrity during shipping and handling. Packaging resins are essential for creating durable and protective packaging that can withstand the rigors of transportation and delivery. This trend is driving the demand for innovative packaging designs, such as protective cushioning, tamper-evident features, and easy-to-open formats, to meet the needs of the expanding e-commerce sector.

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.

Packaging Resins Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 23
  • Tables & Figures: 218
  • Countries covered: 22
  • Pages: 210
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