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Plastic Packaging - Global Market Outlook (2017-2026)

According to Stratistics MRC, the Global Plastic Packaging Market is accounted for $301.52 billion in 2017 and is expected to reach $486.58 billion by 2026 growing at a CAGR of 5.4% during the forecast period. Some of the key factors such as increasing demand for consumer goods, change in consumer’s lifestyle with rapid urbanization, rising consumerism in emerging economies and consumers demand convenience processed and packaged foods are driving the market growth. However, environmental concerns regarding usage of plastic and packaging of medicines are hindering the market growth.

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