Plastic Packaging Market Exhibit a Steady 3.9% CAGR through 2025: Grand View Research Inc.
San Francisco, 29 November 2019: The Report Plastic Packaging Market Size, Share & Trends Analysis Report By Product (Bottles, Bags, Wraps & Films), By Type (Rigid, Flexible), By Application (Food & Beverages, Industrial), And Segment Forecasts, 2018 - 2025 The global plastic packaging market size is expected to reach USD 269.6 billion by 2025 and will register a CAGR of 3.9% during the forecast period, according to a new report by Grand View Research, Inc. Increasing use of plastic packaging in widespread applications, including food and beverages, personal care, household care, consumer electronics, and construction, is likely to drive industry growth over the forecast period. Higher demand for flexible and functional packaging, largely for packaged food, frozen foods and beverages, is projected to positively impact segment growth in the near future. Furthermore, rapidly increasing use of rigid packaging containers and canisters for industrial applications