Europe Plastic Packaging Market to Grow USD 113.52 Billion by 2027
The global Europe Plastic Packaging market gathered revenue around USD 88.10 Billion in 2020 and market is set to grow USD 113.52 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 5.2% during the prediction period 2021 to 2027. Plastic packaging, including flexible and rigid packaging solutions are predominantly used to ensure product life of a wide range of industrial and non-industrial goods during storage and transit. Thus, convenient usage and availability of customization, the plastic rigid and flexible packaging solutions have brought about a significant change in the way goods are pack, and are expected to witness significant traction during the foreseeable future. The Nova One Advisor team has deeply analyzed demand and supply of plastic packaging in European countries as per material, packaging, and end use. It is witnessed that the flexible plastic packaging formats are gaining significant demand among food and beverage, pharmaceutical, and cosmetics industries. Attributing to this, flexible packaging is expected to hold major pie in the target region during the forecast period.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Europe Plastic Packaging market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Europe Plastic Packaging market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Europe Plastic Packaging market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Availability of Alternative Packaging Solutions to Restrict Market Growth
Manufacturers operating in the European packaging industry are ready to switch to advancement in packaging formats. Although significant portion of end users across European countries is using plastic rigid and flexible packaging solutions, there are adequate availability of alternative packaging solutions. Extensive range of packaging solution, especially rigid packaging solutions made of metal, glass, wooden, and paper are predominantly used on the back of its highly sustainable and recyclable outlook. The consistent adoption of these alternative packaging solutions is significantly impacting the sale of plastic packaging solutions in Europe. Furthermore, the substantial portion of metal and paper-based packaging manufacturers in Europe are promoting these environment-friendly packaging solutions. Development and adoption of such alternative packaging solution in European countries are likely to limit the sale of plastic packaging solutions in the foreseeable future.
| Report Highlights | Details |
| Market Size | US$ 113.52 Billion by 2027 |
| Growth Rate | CAGR of 5.2% From 2021 to 2027 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| No. of Pages | 250 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Material,Packaging,End Use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Berry Global Group, Inc, Amcor Plc, Mondi Group Plc, Sonoco Products Company, Sealed Air Corporation, Coveris Holdings S.A, AptarGroup, Inc, Schur Flexibles Holding GesmbH, Huhtamäki Oyj, Constantia Flexibles Group GmbH, Greif, Mauser Packaging Solutions, and SCHÜTZ GmbH & Co. KGaA |
Scope of the Report:
The global Europe Plastic Packaging market offers an exhaustive research analysis of the global market's growth prospects. The report's scope includes a global industry overview, a global industry description with comprehensive research analysis, and an Europe Plastic Packaging industry summary of various countries and their regions. This research study evaluation of present market revenue, market forecast, and market share investigation of the foremost suppliers of the industry. It also covers the competitive landscape, market size, marker trends, Europe Plastic Packaging industry future innovations, and a range of existing market business strategies. Stakeholders will be able to design and align their business plans using current and future market trends.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
· Company Overview
· Company Market Share/Positioning Analysis
· Product Offerings
· Financial Performance
· Recent Initiatives
· Key Strategies Adopted by Players
· Vendor Landscape
· List of Suppliers
· List of Buyers
Significant Market Participants Operational in the Europe Plastic Packaging Market are:
The Europe plastic packaging market are Berry Global Group, Inc, Amcor Plc, Mondi Group Plc, Sonoco Products Company, Sealed Air Corporation, Coveris Holdings S.A, AptarGroup, Inc, Schur Flexibles Holding GesmbH, Huhtamäki Oyj, Constantia Flexibles Group GmbH, Greif, Mauser Packaging Solutions, and SCHÜTZ GmbH & Co. KGaA, among others.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Europe Plastic Packaging Market Segmentation
Europe Plastic Packaging Market by Material
Europe Plastic Packaging Market by Packaging
Europe Plastic Packaging Market by End Use
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
· Governmental bodies, and organizations creating economic policies
· National and international social welfare institutions
· Company websites, financial reports and SEC filings, broker and investor reports
· Related patent and regulatory databases
· Statistical databases and market reports
· Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
· Means of primary research: Email interactions, telephonic discussions and
Questionnaire based research etc.
· In order to validate our research findings and analysis we conduct primary interviews
of key industry participants. Insights from primary respondents help in validating the
secondary research findings. It also develops Research Team’s expertise and market
understanding.
Industry participants involved in this research study include:
· CEOs, VPs, market intelligence managers
· Procuring and national sales managers technical personnel, distributors and resellers
· Research analysts and key opinion leaders from various domains
The study objectives of this report are:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers