Plastic Packaging Market is to be Worth USD 370.25 Billion by 2020, Growing at CAGR of 5.2% From 2014 to 2020

Plastic packaging includes packaging of different consumer and industrial goods using plastic resins/polymers. Plastics offer damage/reaction free packaging especially for consumer goods such as chemicals, food products and other liquid products. Some of the plastic resins used for plastic packaging are polyethylene terephthalate (PET), high density/low density polyethylene (HDPE/LDPE), polyvinyl chloride (PVC), polypropylene (PP) and others. However, these polymers need to be processed carefully as they possess different temperature, pressure and other properties. Additionally, these plastic resins/polymers need to be used based on the type of packaging required. Thus, it becomes necessary to develop efficient and easy to use plastic packaging equipment. This encourages the plastic packaging equipment manufacturers to develop sophisticated machinery/equipment to cater the rising demand for plastic packaging.

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Plastic packaging equipment include bag sealers, L-bar sealers, fill and seal machines, shrink tunnels, shrink sleeve banding machines, pallet stretch wrap machines, shrink wrap systems and heat gun. These equipment offers packaging processes (such as sealing, wrapping and others) at different temperatures so as to facilitate packaging with different materials using single equipment.

Due to low cost, durability, product safety and other benefits over conventional carton and metal packaging, plastic resins are highly preferred since past few years. Plastic packaging is strong and lightweight, and offer different processes including extrusion, molding and others for packaging. Moreover, rising use of recyclable plastic materials for packaging fuels the adoption of plastics in packaging industry. This is one of the most important factors boosting the plastic packaging equipment market. Low labor costs related to plastic packaging is another factor driving the plastic packaging equipment market. This is expected to generate substantial demand for plastic packaging equipment in near future. Furthermore, different developments regarding novel packaging technologies such as easy-open and close lids, leak-proof packing, kid-friendly lids and others are expected to drive the plastic packaging equipment market in near future.

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Plastic packaging equipment market can be broadly segmented based on product type, packaging type, end-use industry and geographic regions. Plastic packaging equipment market is segmented based on type of products as liquid, solids and semi-solids. In terms of packaging types, the market for plastic packaging equipment is segmented into primary and secondary packaging. Primary packaging comprises blister packaging, straps, tubes, bottles, plastic films, aseptic packaging, labels and others. Secondary packaging includes wrapping, boxes, case packaging, tray packing and others. Plastic packaging equipment market based on end-use industry is segmented as food and beverages, pharmaceuticals, consumer goods, healthcare, personal care products, electronic goods and other industrial products. Food and beverages industry accounts for the largest share in global plastic packaging equipment industry. This is mainly due to high penetration of plastic packaging in these sectors. Geographically, plastic packaging equipment market is classified into four major regions viz. North America, Europe, Asia Pacific and Rest of the World (RoW). Currently, North America holds the largest share for plastic packaging equipment. This growth is attributed to extensive use of plastics for packaging of goods such as foods, beverages, pharmaceuticals and drugs. However, Asia Pacific is expected to show highest growth in plastic packaging equipment in near future. This is majorly due to increasing manufacturing units in this region for industries such as electronics, food and beverages, chemicals and others.

Some of the leading players in plastic packaging equipment market are ThomasNet.com, Schneider Packaging Equipment Co. Inc., Plastic Packaging Inc., IMA S.p.A., Robert Bosch GmbH, ARPAC LLC., Accutek Packaging Equipment Co. Inc. and others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America
Asia Pacific
Europe
Rest of the World

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