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SAN FRANCISCO, March 8, 2021 /PRNewswire/ The global plastic packaging market size is expected to
reach USD 486.2 billion by 2028, according to a new report by Grand View Research, Inc., registering
a CAGR of 4.2% from 2021 to 2028. The rapid expansion of the food & beverages, personal care, and pharmaceuticals sectors coupled with the rising penetration of organized and e-retail across the world is expected to fuel market growth.
Low-density Polyethylene (LDPE), Polypropylene (PP), High-Density Polyethylene (HDPE), and Polyethylene Terephthalate (PET) are the most widely used materials for the manufacturing of products, such as bottles & jars, trays & containers, wraps & films, and pouches, as they are cost-effective, lightweight and have extensive functionalities and strong barrier properties against moisture. Growing demand for sustainable packing solutions is prompting manufacturers to use recycled plastic resins to make such products.
Major players in the plastic alternative packaging market are Amcor Limited, Tetra Pak, Sealed Air Corporation, Plastic Suppliers Inc. , Kruger Inc. , Mondi, International Paper Company, Smurfit Kappa Group PLC, DS Smith PLC, and Klabin SA.New York, March 08, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report "Plastic Alternative Packaging Global Market Report 2021: COVID-19 Impact And Recovery" - https://www.reportlinker.com/p06033661/?utm source=GNW The global plastic alternative packaging market is expected to grow from $61.23 billion in 2020 to $71.08 billion in 2021 at a compound annual growth rate (CAGR) of 16.10%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $95.04
New Coalition Aims to Promote Post-Consumer Recovery and Recycling of Plastic Lubricant Containers in the US yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.