World Plastic Packaging Product Market to Grow 1.6% Annually

Date: 2015-11-23

Global demand for plastic packaging products is forecast to expand 1.6% p.a. between 2015 and 2019. China, Germany, Japan, Jordan and the United States are considered the highest potential markets in the coming years. 

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global plastic packaging product industry is forecast to reach 1.6% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 4.8%. Currently, bags and sacks of polymers of ethylene account for 23.6% of the global demand while the remaining market share is divided between bags and sacks of other plastics (9.0%), bottles of plastic (15.3%), cases, boxes and crates of plastic (22.0%), spools, bobbins, cops and other supports of plastic (1.7%), caps, stoppers, lids and other closures of plastic (14.6%) and other plastic packaging products (13.9%).

China, France, Germany, Japan and the United States represent the largest plastic packaging product markets while the strongest annual growth is forecast to occur in Jordan (9.6%), Vietnam (9.5%), Sri Lanka (7.3%), Kenya (6.1%) and Poland (5.9%).

Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential plastic packaging product markets in the coming years are:

Ranking

Country

Market Potential Rate

1

United States

0.41

2

China

0.36

3

Japan

0.15

4

Germany

0.10

5

Jordan

0.10

6

Vietnam

0.10

7

France

0.10

8

India

0.10

9

South Korea

0.08

10

Poland

0.08

11

United Kingdom

0.08

12

Mexico

0.07

13

Sri Lanka

0.07

14

Kenya

0.06

15

Spain

0.06

16

Canada

0.06

17

Morocco

0.06

18

Brazil

0.06

19

Ethiopia

0.06

20

Italy

0.05

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