The global plastic packaging market expected to cross US$ 370 bln by 2020 at a CAGR of 5.2%

07-Mar-15

The global plastic packaging market was valued at US$ 259.65 Bn in 2013 and is expected to reach US$370.25 bln by 2020, growing at a CAGR of 5.2% over the forecast period between 2014 and 2020, as per Transparency Market Research. In terms of volume, the plastic packaging market was worth 78,400.2 kilo tons in 2013. Plastic packaging relates to bags, pouches, films, containers and envelopes made of plastic. Plastic packaging is made of polymers such as high density polyethylene (HDPE), low density polyethylene (LDPE), polyethylene teraphthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). Plastic packaging is segmented into rigid plastic packaging and flexible plastic packaging.