Lucintel’s Analysis: Increase in Income Levels and Rising Middle Class to Drive Global Plastic Packaging Industry
Lucintel´s analysis: increase in income levels and rising middle class to drive Global Plastic Packaging Industry
Irving, TX (PRWEB) April 14, 2013
Global plastic packaging industry revenue is estimated to reach $271 billion in 2018 with good growth over the next five years (2013-2018). Rising income levels and growth in the middle class are likely to increase the consumption of packaged consumer goods such as beverages and processed foods, thereby enhancing the demand for plastic packaging.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the plastic packaging industry and presents its findings in “Global Plastic Packaging Industry 2013-2018; Trend, Profit, and Forecast Analysis”. The industry comprises establishments primarily engaged in the manufacturing of plastic containers and, films used in the packaging of food, beverages, pharmaceuticals, personal care products, household goods, and other products. The plastic packaging industry is highly fragmented with North America dominating the industry. A combination of factors such as demographic condition, economic stability, and environmental regulations has had a significant impact on the industry dynamics.
The pharmaceutical and fast-moving consumer goods sectors play essential roles in driving the industry. Healthcare plastic packaging is forecast to witness the highest growth during next five years. Technological innovation and integration, as well as rapid growth in the pharmaceutical industry, are likely to increase the demand for healthcare plastic packaging.
Urbanization and improvements in living in developing countries are expected to boost the demand for personal care plastic packaging. Availability of substitutes such as paper, glass, steel, and metal for packaging, volatility in raw material prices, energy inputs, as well as uncertainty of final products all pose daunting challenges. Environmental regulations, changes in raw material supply fluctuations, and energy and transportation costs significantly influence the industry.
This industry research report provides an overview of the global plastic packaging industry, tracking four market segments across four geographic regions. The report studies manufacturers, providing a five-year annual trend analysis that highlights market size, profit and cost structure for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, addressing market opportunities for the next five years for each region.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, chemical consultants and cost efficiency. To learn more, visit http://www.lucintel.com.
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