Segments - Europe Plastic Packaging Market by Types (Rigid Plastic Packaging and Flexible Plastic Packaging), Material Types (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), and Others), End-users (Foods and Beverage, Healthcare and Pharmaceuticals, and Cosmetics and Personal Care [Skin Care, Hair Care, Color Cosmetics, Deodorant and Grooming, and Others]), and Geography (The UK, Germany, Italy, France, Poland, Spain, Russia, and Rest of Europe) – Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031
The Europe Plastic Packaging Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 5.7% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing shelf life of products from breakage, spoilage, and contamination.
Plastic packaging means all plastic materials can be used for the confining, housing, protection, handling, delivery and presentation of goods from basic material to prepared goods. The plastic material has glass clear quality. They are used for food packaging such as fresh salads, fruits, cold meats, and snacks. Plastic packaging protect the products from oxygen, dust, moisture, light, and odor. Plastic packaging is flexible for packaging as it allows manufacturers to cater the customers requirement.
The COVID-19 pandemic has positively impacted the market due to increasing demand for essential services such as personal and healthcare products, especially HDPE containers, pumps, and pharmaceutical bottles.
Growing packaging industry is projected to drive the market growth during the forecast period.
Rapid growth of the fast-moving consumer goods (FMCG) market is anticipated to drive the market growth during the forecast period.
Rising demand for high-quality packaging of the products is expected to boost the market growth in the coming years.
Increasing middle-class population with higher purchasing power is projected to drive the market growth during the forecast period.
Growing rapid expansion of the food & beverage industry is anticipated to drive the market growth during the forecast period.
Rising demand for convenient products is expected to boost the market growth in the coming years.
Increasing technological advancements is projected to drive the market growth during the forecast period.
Poor Infrastructure facilities for recycling is a major factor restraining the market growth in the coming years.
Stringent government regulations toward the use of plastic and fluctuation in raw material prices are estimated to restrict the market growth in the coming years.
Increasing number of working women and dominance of nuclear and double-income families can create lucrative opportunities during the forecast period.
The report on the Europe plastic packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Europe Plastic Packaging Market- Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Types (Rigid Plastic Packaging and Flexible Plastic Packaging), Material Types (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), and Others), and End-users (Foods and Beverages, Healthcare and Pharmaceuticals, and Cosmetics and Personal Care [Skin Care, Hair Care, Color Cosmetics, Deodorant and Grooming, and Others]) |
Geography |
The UK, Germany, Italy, France, Poland, Spain, Russia, and Rest of Europe |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Amcor PLC; Sealed Air Corporation; RPC Group Limited; Constantia Flexibles GmbH; and Sonoco Products Company |
Based on types, the market is segmented into rigid plastic packaging and flexible plastic packaging. The rigid plastic packaging segment is anticipated to hold a key share of the market in the coming years due to its lightweight and cost-effectiveness to transport. However, the flexible plastic packaging segment is anticipated to expand at a rapid pace during the forecast period owing to enhanced protection, reusable, and environmentally friendly.
On the basis of material types, the market is divided into polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polyethylene terephthalate (PET), and Others. The PET segment is expected to represent a major share of the market in the coming years due to its toughness and and high impact strength.
Moreover, PET packaging is simple to transport. However, the PVC segment is anticipated to expand at a rapid pace during the forecast period owing to abrasion resistance, light weight, good mechanical strength, and toughness.
In terms of end-users, the market is divided into foods and beverages, healthcare and pharmaceuticals, and cosmetics and personal care. The cosmetics and personal care segment is segregated into skin care, hair care, color cosmetics, deodorant and grooming, and others. The cosmetics and personal care segment is expected to hold a key share of the market in the coming years owing to increasing demand for pouches.
However, the foods and beverages segment is anticipated to expand at a rapid pace during the forecast period owing to rise in demand for jars, bottles, and containers.
In terms of geography, the market is classified as the UK, Germany, Italy, France, Poland, Spain, Russia, and Rest of Europe. The UK is expected to constitute a key share of the market during the projected period due to rising domestic demand for ready-to-eat & convenience food products. However, the market in Germany is anticipated to expand at a rapid pace during the forecast period due to increasing preference for beauty and personal care products.
The Europe plastic packaging market has been segmented on the basis of
Key players competing in the Europe plastic packaging market includes Amcor PLC; Sealed Air Corporation; RPC Group Limited; Constantia Flexibles GmbH; and Sonoco Products Company.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.