Reports and Data estimates the global Packaging Resins competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Packaging Resins during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Sinopec Corporation, SABIC, Petrochina Ltd., Borealis AG, Dowdupont Inc., M&G Chemicals, Indorama Ventures Public Company Ltd., Braskem S.A., Far Eastern New Century Corporation, and Jiangsu Sanfangxiang Group Co., Ltd.
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Type Outlook:
The barrier resins segment accounted for largest revenue share in 2020. These type of resins are used for packaging that prevents penetration of any liquid and gas. Rising need for packaging resins for manufacturing pharmaceutical-grade packaging materials which enable longer shelf life of medicines is supporting growth of the segment in the global market.
The Polyethylene Terephthalate (PET) segment is expected to register significantly high revenue growth rate during the forecast period. PET is a durable and visually clear material, and offers scratch-resistance, good impact, high gloss and excellent barrier properties. Containers manufactured with PET resins are apt for packaging of a wide range of products, including pharmaceutical products.
Product Outlook:
The PVC (Polyvinyl Chloride) segment accounted for the largest revenue share in the global market in 2020. PVC is naturally clear, resistant to oils and has very low oxygen transmission. It excellent barrier properties for preservation, and its applications include flexible shatter-proof bottles and jars, containers used for blood and blood components, catheters, containers and tubing, and heart-lung bypass sets, among other things.
Application Outlook:
The food and beverage segment account for major revenue share in 2020, followed by the consumer goods segment and the healthcare segment respectively in terms of revenue share. With regards to food and beverage industry, rising inclination of consumers towards packed food products, and frozen food, and rising trend of ordering food online are resulting in higher need for packaging the food products, which is expected to have a positive impact on adoption of packaging resins. These factors are expected to drive revenue share contribution of this segment.
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For the purpose of this report Reports and Data has segmented global Packaging Resins market on the basis of type, application, and region:
By Type Outlook
- Adhesive Resins
- Barrier Resins
- Modifier Resins
By Product Outlook
- LDPE
- PP
- PET
- PVC
- HDPE
- PS and EPS
- Others
By Application Outlook
- Food and Beverage
- Healthcare
- Consumer Goods
- Industrial
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Packaging Resins during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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