Packaging Resins Market Report 2026

The packaging resins market size has grown strongly in recent years. It will grow from $280.56 billion in 2025 to $302.51 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growth in packaged food consumption, expansion of consumer goods industry, increased use of plastic containers, demand for durable packaging, cost effectiveness of synthetic resins.

The packaging resins market size is expected to see strong growth in the next few years. It will grow to $409.14 billion in 2030 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to sustainability focused packaging regulations, growth of e commerce packaging, advancements in recyclable resin technologies, rising healthcare packaging demand, lightweighting initiatives in packaging. Major trends in the forecast period include rising demand for flexible packaging materials, increasing use of recyclable and mono material resins, growth in food and beverage packaging consumption, expansion of lightweight rigid packaging solutions, higher adoption of barrier protection resins.

The growth of online shopping is expected to propel the growth of the packaging resin market going forward. Online shopping allows consumers to purchase goods and services via the internet, offering convenience and a wide selection from the comfort of their homes. The growth of online shopping is driven by increased internet access, advancements in e-commerce technology, convenience, and a broader range of product choices available to consumers. Packaging resins play a crucial role in the growth of online shopping by providing protective, lightweight, and versatile packaging solutions that ensure product safety during transit and enhance the overall consumer experience. For instance, in August 2024, according to the United States Census Bureau, a US-based government agency, E-commerce sales in the second quarter of 2024 rose by 6.6 percent (±1.2) compared to the same period in 2023, while total retail sales grew by 1.9 percent (±0.4) during the same timeframe. E-commerce accounted for 15.2 percent of all retail sales in the second quarter of 2024. Therefore, the growth of online shopping will drive the growth of the packaging resin market.

Major companies operating in the packaging resins market are focusing on developing technological advancements such as recyclable high-density polyethylene (HDPE) resins for sustainable and efficient packaging to enhance performance, reduce waste, and support circular economy initiatives. A recyclable HDPE resin such as INNATETM TF 220 features a precision-engineered molecular structure that enables smoother film extrusion, improved stiffness, and enhanced heat resistance, allowing more efficient production with reduced material use compared to traditional resins. For instance, in June 2025, Dow Inc., a US-based chemical company, introduced INNATE TF 220 Resin for next-generation flexible packaging films. This advanced resin provides excellent biaxial orientation, improved clarity, and strong resistance to physical stress, offering superior performance compared to conventional flexible film materials. It is specifically designed to support mono-material packaging formats, helping simplify recycling processes without compromising durability or visual quality. The material is suitable for various applications, including food packaging, personal care products, and e-commerce shipments, where strength, appearance, and sustainability are vital. Overall, the launch strengthens Dow’s portfolio of high-performance, recyclable packaging solutions aligned with evolving market requirements.

In July 2023, LyondellBasell Industries N.V., a Netherlands-based chemical industry company, acquired Mepol S.r.l. for an undisclosed amount. The acquisition aims to strengthen LyondellBasell's position in the circular economy by integrating Mepol Group's expertise in recycled, high-performing technical compounds. This will enable LyondellBasell to expand its portfolio of sustainable polymer solutions and accelerate growth in the rapidly evolving market for circular and renewable products. Mepol S.r.l. is an Italy-based manufacturing company that specializes in providing thermoplastic compounds and packaging resins.

Major companies operating in the packaging resins market are Exxon Mobil Corporation, TotalEnergies SE, Reliance Industries Limited, BASF SE, The Dow Chemical Company, LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corporation (SABIC), LG Chem Ltd., Mitsubishi Chemical Group Corporation, Sumitomo Chemical Co. Ltd., Toray Industries Inc., Braskem S.A., Sasol Limited, Evonik Industries AG, INEOS Group Holdings S.A., Westlake Chemical Corporation, Indorama Ventures Public Company Limited, Amcor Plc, Berry Global Group Inc., Borealis AG, DuPont de Nemours Inc., China Petroleum & Chemical Corporation (Sinopec), Formosa Plastics Corporation, Chevron Phillips Chemical Company LLC, NOVA Chemicals Corporation.

Asia-Pacific was the largest region in the packaging resins market in 2025 and is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging resins market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the packaging resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The packaging resin market consists of sales of barrier films, shrink films, acrylic resins, and biodegradable resins. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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