Latest News- Packaging Resins Market: LDPE is expected to lead the Type segment during 2025-2029

The Packaging Resins Market is being driven by Growth of e-commerce and retail sector

The Packaging Resins Market is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 95.8 billion. The packaging resins market is undergoing a transformative shift towards sustainable solutions, with a heightened focus on recyclable packaging due to escalating environmental concerns and regulatory pressures. Braskem SA, a prominent global producer of thermoplastic resins, has responded to this trend by launching an extensive portfolio of post-consumer recycled (PCR) resins in Brazil on November 11, 2024. This new range, specifically designed for packaging applications, comprises nine distinct grades, making it the most comprehensive offering in the market. These resins cater to both primary and secondary packaging needs, aiming to substantially decrease plastic waste and minimize carbon emissions. Braskem's commitment to sustainable solutions reinforces its position as a pioneer in the industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • LDPE
  • PP
  • HDPE
  • Others
• Application
  • Consumer goods
  • Food and beverages
  • Healthcare
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • Germany
    • France
    • Italy
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of e-commerce and retail sector
• Rising demand from food and beverage industry
• Urbanization and rising disposable income

However, the market also witnesses some limitations, which are as follows:

• Regulatory compliance
• Supply chain disruptions
• Competition from alternative packaging materials

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Market Scope in Packaging Resins Market Research Report

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Research Analysis Overview

The Packaging Resins Market is driven by trends such as lifecycle analysis and cost optimization, with a focus on sustainability through the use of polystyrene, high-density polyethylene, and polypropylene. Innovation in biodegradable polymers, compostable films, and renewable materials is key, as is the circular economy and waste reduction. Performance, heat resistance, and barrier properties are crucial for consumer goods, particularly in healthcare, beverage, and logistics industries. Sustainability and eco-friendly materials, such as bio-based plastics and renewable resources, are prioritized for preservation, safety, and consumer perception. Industry trends include circular economy principles, recycling, and the development of PET, PE, and PETG, among others. The market is influenced by regulatory standards and consumer preferences for green alternatives.

Market Research Overview

The global commodity chemicals market encompasses businesses specializing in the production of industrial and fundamental chemicals, encompassing yet not limited to, plastics, synthetic fibers, films, commodity-paints and pigments, explosives, and petrochemicals. Exclusions include chemical companies manufacturing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. The market's expansion will be fueled by the escalating demand for sustainable packaging solutions. Compostable and eco-friendly packaging resins, such as polylactic acid (PLA) and polyhydroxyalkanoate (PHA), are gaining traction due to their compostability and reduced carbon footprint. Additionally, the increasing popularity of heat-resistant and protective materials in the beverage industry will bolster market growth. The need for extended shelf life and product integrity in various end-use sectors further underscores the significance of advanced packaging materials. Overall, the commodity chemicals market is poised for robust expansion, driven by the evolving packaging industry landscape and the growing emphasis on sustainable and protective materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/