Plastic Packaging Market to Value US$370.25 Billion by 2020 Driven by Growing Demand from Healthcare Industry: Transparency M...
May 22 2015 - 3:56AM
Business Wire
Transparency Market Research has recently published the research
document “Plastic Packaging (Rigid Plastic Packaging and
Flexible Plastic Packaging) Market for Food & Beverages,
Industrial, Household Products, Personal Care, Medical and Other
Applications - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2014 - 2020”.
Browse Report:
http://www.transparencymarketresearch.com/plastic-packaging.html
Global packaging market is expected to grow at CAGR of 5.2% from
2014 to 2020. The market was worth US$259.65 billion by the end of
2013 and will be worth US$370.25 billion by 2020. The market
reached a total volume of 78,400.2 kilo tons in 2013.
The report provides core distinctions in the global packaging
market according to product and application. The former consists of
rigid and flexible plastics, while the latter includes food and
beverages, industrial, personal care, and medical.
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http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=969
Key advantages of using plastic packaging are durability,
cost-effectiveness, and high barrier properties. Their ability to
withstand rough handling during transportation and distribution is
another reason why most end-users prefer plastic packaging.
Press Release:
http://www.transparencymarketresearch.com/pressrelease/plastic-packaging-market.htm
The food and beverages sector held more than 65% of the global
packaging market in 2013. The overall growth of the sector, coupled
with increased regulatory compliance needs for maintaining hygiene
and original properties of foods and drugs, and protection from
fraud, has propelled the market to greater revenues.
Article:
http://www.transparencymarketresearch.com/article/plastic-packaging.htm
North America, Asia Pacific, and Europe contain many countries
that have banned the use of plastic bags for daily purposes such as
shopping, on environmental grounds. Many other countries have
initiated heavier taxes on the purchase of plastic bags. Despite
the restraints, the global packaging market continues to grow due
to its appealing advantages. The market is expected to be above
average in most developed nations. Key players include Sonoco
Products, Bemis Company Inc., and Amcor Ltd.
Chemical Indicator Inks Market:
http://www.transparencymarketresearch.com/chemical-indicator-inks-market.html
About TMR
Transparency Market Research (TMR) is a U.S. based market
intelligence company driven by high-pedigree consultants and
researchers. TMR leverages its Syndicated Research, Custom
Research, and Market Consulting expertise to help businesses make
accurate decisions. TMR’s exclusive blend of quantitative
forecasting and trends analysis draws on proprietary data sources
and techniques, while their data repository is continuously updated
to reflect the latest trends.
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