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Packaging Resins - Global Market Trajectory & Analytics

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    Report

  • 296 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030474
Global Packaging Resins Market to Reach $333.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Packaging Resins estimated at US$215.4 Billion in the year 2020, is projected to reach a revised size of US$333.3 Billion by 2027, growing at a CAGR of 6.4% over the analysis period 2020-2027. Low Density Polyethylene (LDPE), one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$120.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polypropylene (PP) segment is readjusted to a revised 6.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $58.2 Billion, While China is Forecast to Grow at 9.9% CAGR

The Packaging Resins market in the U.S. is estimated at US$58.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$73.1 Billion by the year 2027 trailing a CAGR of 10% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

High Density Polyethylene (HDPE) Segment to Record 5.5% CAGR

In the global High Density Polyethylene (HDPE) segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.8 Billion in the year 2020 will reach a projected size of US$18.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$45.1 Billion by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • Abu Dhabi Polymers Co., Ltd. - Borouge
  • Arkema Group
  • BASF SE
  • Borealis AG
  • Braskem SA
  • DAK Americas LLC
  • DowDuPont, Inc.
  • ExxonMobil Chemical Company
  • Far Eastern New Century Corporation
  • Indorama Ventures Public Company Limited
  • INEOS Group AG
  • Jiangsu Sanfangxiang Group Co., Ltd.
  • LyondellBasell Industries NV
  • M&G Chemicals SA
  • PetroChina Company Limited
  • Reliance Industries Ltd.
  • SABIC (Saudi Basic Industries Corporation)
  • Sinopec Corporation
  • Styrolution Group GmbH
  • Total SA
Frequently Asked Questions about the Global Market for Packaging Resins

What is the estimated value of the Global Market for Packaging Resins?

The Global Market for Packaging Resins was estimated to be valued at $215.4 Billion in 2020.

What is the growth rate of the Global Market for Packaging Resins?

The growth rate of the Global Market for Packaging Resins is 6.4%, with an estimated value of $333.3 Billion by 2027.

What is the forecasted size of the Global Market for Packaging Resins?

The Global Market for Packaging Resins is estimated to be worth $333.3 Billion by 2027.

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 41