The Latest Plastic Packaging Industry Statistics Explained
Plastic packaging has a $980 billion market in 2021.
The statistic that plastic packaging has a $980 billion market in 2021 represents the total value of the global market for plastic packaging products in that year. This figure indicates the significant economic importance of the plastic packaging industry, as it highlights the substantial amount of money involved in the production, distribution, and sale of plastic packaging materials. The market size of $980 billion underscores the widespread use and demand for plastic packaging across various sectors such as food and beverage, healthcare, and consumer goods. This statistic reflects the scale and profitability of the plastic packaging industry and its integral role in the global economy.
40% of total plastic production is dedicated to packaging.
The statistic “40% of total plastic production is dedicated to packaging” indicates that a significant portion of all plastic manufactured worldwide is used specifically for packaging purposes. This statistic highlights the widespread dependence on plastic packaging in various industries such as food and beverage, consumer goods, and pharmaceuticals. The high percentage suggests that packaging is a major contributor to the overall plastic waste generated globally, emphasizing the importance of sustainable practices in packaging design, production, and disposal to mitigate environmental impacts and promote a more circular economy.
The plastic packaging industry is projected to reach $486.2 billion by 2026.
The statistic indicates that the plastic packaging industry is expected to grow significantly, reaching a market value of $486.2 billion by the year 2026. This projection suggests a positive trend in the demand for plastic packaging products across various sectors such as food and beverage, pharmaceuticals, personal care, and other industries. The growth in the industry is likely driven by factors such as increasing consumption rates, expanding e-commerce activities, and the need for convenient and sustainable packaging solutions. This statistic implies opportunities for businesses operating in the plastic packaging sector to capitalize on the projected market growth and adapt their strategies to meet the evolving demands of consumers and regulatory requirements.
The plastic packaging market was estimated to be 104.9 million tons in 2019.
The statistic states that the plastic packaging market was estimated to be 104.9 million tons in 2019, indicating the total volume of plastic used for packaging purposes in that year. This figure represents a significant quantity of plastic material utilized globally for packaging various products. It demonstrates the scale and extent of plastic packaging consumption, reflecting the prevalence and widespread use of plastic materials in the packaging industry. Such statistics are essential for understanding trends in plastic use, assessing environmental impact, and implementing strategies for sustainable packaging practices and waste management.
Asia-Pacific has the biggest share in the plastic packaging market with China leading.
The statement suggests that the Asia-Pacific region holds the largest portion of the global plastic packaging market, with China being the primary player in this market. This indicates that a significant amount of plastic packaging products are manufactured, consumed, and potentially wasted in this region compared to other parts of the world. The dominance of China in this sector highlights the country’s prolific manufacturing capabilities and demand for packaging materials, likely driven by its large population and expanding industries. Overall, this statistic underscores the importance of the Asia-Pacific region and China specifically in the plastic packaging industry, signaling potential environmental impacts and opportunities for sustainability efforts in managing plastic waste.
By 2030 the plastic packaging industry will account for 20% of global oil consumption.
The statistic suggests that by the year 2030, approximately 20% of the global oil consumption will be attributed to the plastic packaging industry. This indicates a significant reliance on oil-based resources for the production of plastic packaging materials worldwide. The statistic highlights the substantial environmental impact of the plastic packaging industry, as the extraction and consumption of oil contribute to issues such as greenhouse gas emissions, pollution, and resource depletion. As concerns about sustainability and environmental conservation continue to grow, this statistic underscores the urgent need for alternative, more eco-friendly packaging solutions to reduce the industry’s reliance on fossil fuels and minimize its environmental footprint.
It is estimated that 95% of plastic packaging material value is lost after first use.
This statistic is highlighting the concerning trend that a vast majority, specifically 95%, of the value attributed to plastic packaging material is lost after its initial use. This suggests that the majority of plastic packaging is not effectively recycled, repurposed, or reused after its primary purpose is served, leading to significant waste. This inefficiency in managing plastic packaging material not only has environmental implications due to the accumulation of plastic waste, but also represents a loss of resources and economic potential. It underscores the pressing need for improved recycling infrastructure, sustainable packaging alternatives, and consumer behavior change to address the challenges posed by plastic packaging waste.
The plastic film market size is likely to cross USD 150 billion by 2025 at a CAGR of 6%.
This statistic indicates that the plastic film market is expected to grow significantly over the next few years, with a projected market size of over USD 150 billion by 2025. The Compound Annual Growth Rate (CAGR) of 6% suggests a steady and consistent increase in the market size over the specified period. This growth is likely driven by various factors such as increasing demand from industries like packaging, agriculture, and healthcare, as well as advancements in technology and materials used in plastic film production. Overall, this statistic highlights the potential for substantial expansion and opportunities within the plastic film market in the near future.
Pharmaceutical packaging made of plastic & polymers is expected to reach USD 35.7 billion by 2025.
This statistic indicates the projected value of pharmaceutical packaging made of plastic and polymers by the year 2025, estimated to be USD 35.7 billion. The figure suggests a significant expected growth in the market for plastic and polymer-based packaging within the pharmaceutical industry. This trend may be driven by factors such as increasing demand for pharmaceutical products globally, the need for efficient and secure packaging solutions, as well as advancements in packaging technologies using plastics and polymers. The projected value highlights the growing importance of packaging materials in the pharmaceutical sector and indicates a shift towards more sophisticated and versatile packaging solutions in the coming years.
Barrier resins in plastic packaging were valued at $2.4 billion in 2017 and is expected to reach $3.9 billion by 2023.
The statistic states that the market value of barrier resins used in plastic packaging was $2.4 billion in 2017. It is projected that this market is expected to grow, reaching a value of $3.9 billion by the year 2023. This indicates a significant growth trend in the demand for barrier resins, which are used in packaging materials to provide protection against oxygen, moisture, and other factors that can compromise the quality and shelf life of packaged products. The anticipated growth suggests a thriving market for barrier resins in the packaging industry, driven by factors such as increasing consumer demand for longer-lasting and fresher products, as well as technological developments improving the efficiency and effectiveness of these materials in preserving product integrity.
Demand for bio-degradable plastic is expected to reach 1.7 million tons by 2023.
The statistic indicates that the demand for bio-degradable plastic is projected to increase significantly to 1.7 million tons by the year 2023. This suggests a growing preference for environmentally friendly packaging materials and a shift towards more sustainable practices in response to increasing environmental concerns. The demand for bio-degradable plastic is likely being driven by regulations promoting the use of eco-friendly alternatives, as well as consumer awareness and preferences for products that have less impact on the environment. The substantial increase in demand signals a significant market opportunity for the bio-degradable plastic industry and underscores the importance of sustainable solutions in the packaging sector.
The market for PET plastic packaging was valued at approximately USD 53 billion in 2020.
The statistic that the market for PET plastic packaging was valued at approximately USD 53 billion in 2020 indicates the total worth of PET plastic packaging products sold within the market during that year. This value reflects the significant size and importance of the PET plastic packaging industry, which is widely used in various sectors such as food and beverage, personal care, and household products. The market value of USD 53 billion underscores the economic significance and scale of the PET plastic packaging sector, highlighting its widespread adoption and demand in global consumer markets.
The European plastic packaging market size was $52.5 billion in 2019.
The statistic “The European plastic packaging market size was $52.5 billion in 2019” represents the total value of plastic packaging products sold in the European market in the year 2019. This figure includes all types of plastic packaging, such as containers, bottles, bags, and films used for various purposes like food packaging, beverage containers, cosmetics packaging, and other consumer goods. The market size reflects the significant demand for plastic packaging in Europe and indicates the scale of the industry’s economic impact. This statistic is crucial for businesses, policymakers, and stakeholders in understanding the market dynamics, identifying growth opportunities, and making informed decisions related to the plastic packaging industry in Europe.
The global demand for plastic pouch packaging was valued at $18.2 billion in 2019.
The statistic that the global demand for plastic pouch packaging was valued at $18.2 billion in 2019 indicates the significant economic importance and widespread usage of this packaging format worldwide. The high value reflects the substantial volume of plastic pouches being manufactured and consumed across various industries such as food and beverage, household products, and personal care. The popularity of plastic pouch packaging can be attributed to its versatility, convenience, and cost-effectiveness, making it a preferred choice for manufacturers looking to meet consumer preferences for lightweight, durable, and easily transportable packaging solutions. However, this statistic also raises concerns about the environmental impact of the widespread use of plastic packaging and highlights the need for sustainable alternatives and responsible waste management practices to mitigate the negative effects of plastic pollution.
California passed a law in 2012 requiring at least 75% of plastic packaging be reduced or recycled by 2020.
The statistic provided states that in 2012, California enacted a law mandating that at least 75% of plastic packaging must be reduced or recycled by the year 2020. This law reflects a commitment to more sustainable and environmentally friendly practices by setting a specific target for the reduction and recycling of plastic packaging waste. By setting such a goal, the state aims to mitigate the negative impact of plastic waste on the environment, reduce reliance on landfills for disposal, and promote the circular economy by encouraging the reuse and recycling of materials. It also signals a proactive approach to addressing the global issue of plastic pollution and highlights California’s efforts to lead in environmental stewardship and sustainability initiatives.
The plastic caps and closures market was worth $38.81 billion in 2018.
The statistic that the plastic caps and closures market was worth $38.81 billion in 2018 indicates the total value of all plastic caps and closures sold within that market for that specific year. This figure encompasses the combined sales revenue generated by companies producing these products, reflecting the significant scale and economic importance of the industry. The market value provides insights into the demand for plastic caps and closures, serving as a key indicator for manufacturers, investors, and policymakers to understand the size and growth trends of the industry. Additionally, this statistic may also suggest that there is a high level of competition and innovation within the market, as evidenced by the substantial monetary value associated with these products.
Germany has the highest plastic packaging waste per capita at 31.79 kg/year.
The statistic, “Germany has the highest plastic packaging waste per capita at 31.79 kg/year,” indicates that on average, each person in Germany generates approximately 31.79 kilograms of plastic packaging waste annually. This metric highlights the significant impact of plastic packaging consumption and disposal practices within the country. The high amount of plastic packaging waste per capita in Germany implies a potential environmental concern regarding plastic pollution, as excessive plastic waste can lead to various environmental issues such as pollution of waterways, harm to wildlife, and contribution to greenhouse gas emissions. Additionally, it suggests the need for improved waste management strategies, increased recycling efforts, and greater emphasis on reducing plastic usage in order to mitigate the environmental impact of plastic packaging waste in Germany.
Estimations suggest that the plastic packaging market will grow approximately at a CAGR of 4.2% during the forecast period of 2020-2025.
The statement indicates that the plastic packaging market is expected to experience a Compounded Annual Growth Rate (CAGR) of 4.2% between 2020 and 2025. CAGR is a commonly used metric to express the average annual growth rate of an investment or market over a specified period, in this case, five years. A CAGR of 4.2% suggests consistent and steady growth in the plastic packaging market, implying that the market will increase by approximately 4.2% each year during the forecast period. This information is valuable for businesses, investors, and policymakers to anticipate and plan for future market trends and opportunities within the plastic packaging industry.
Conclusion
The statistics surrounding the plastic packaging industry highlight both its significant role in the global economy and the pressing need for sustainable solutions to address environmental concerns. As we strive towards a more environmentally friendly future, it is crucial for stakeholders in the industry to prioritize innovation and regulation in order to mitigate the negative impacts of plastic packaging on our planet.
References
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