Our 2023 Technology Outlook series and online resource guide is designed for you to quickly learn about new innovations from industry analysts and thought leaders.
Our 2022 Technology Outlook series and online resource guide is designed for you to quickly learn about new innovations from industry analysts and thought leaders.
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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.