Plastic packaging is a world's packaging choice for many foods and beverages because it is hygienic, strong, lightweight, shatterproof, and retains freshness. It is most commonly used to package carbonated soft drinks (CSDs) and water. Polyethylene terephthalate (PET) used as a packaging material for food & beverages, pharmaceuticals, and household products, due to its strength, versatility, and recyclability. It is a clear, strong and lightweight plastic.
Plastic packaging is convenient, low cost, and has superior performance. Therefore, plastic bottles are widely used in beverage packaging. Trays and containers, on the other hand, are used in the foodservice and packaged food industries because of their lighter weight and aesthetics. Wraps & films, bags, pouches, and other, are products of plastic packaging. Pouches are gaining popularity in the market because they require less raw material to manufacture than rigid products like bottles and jars. Furthermore, the convenience of multiple pouch closure options such as a zipper, tear notch, and spout fuels demand.
Due to rising consumer awareness of personal grooming and hygiene, personal grooming and hygiene industry has seen significant growth. Plastic packaging is widely used in the personal grooming and hygiene industry. The attractive personal care packaging has also caught customer eyes this factors are expected to drive the segment growth the forecast period.
PET, which stands for polyethylene terephthalate, is a lightweight plastic. It is used in packaging for many foods and beverages. Regulations imposed on using PET bottles are one of the major factors hindering the plastic packaging market growth. For instance, in 2019, the European Union issued Directive 2019/904 on the reduction of the environmental impact of certain plastic products, which will require States Members to adopt national legislation prohibiting the use of certain single-use plastics and improving the management of others to reduce their impact on the marine environment.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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