Mono-material Plastic Packaging Market to Reach $71 Billion in 2025

In 2019, its market size will be 20.44 million tons (US $55.9 billion), while in 2025 it will probably increase to 26.03 million tons (US $70.9 billion), with a compound annual growth rate of 3.9%.

Asia Pacific, North America and Western Europe are the three major consumer markets of single material plastic packaging film in the world.

At present, plastic packaging is not only widely used in food packaging, but also gradually developed into industrial packaging, building materials packaging, cosmetics packaging and other fields, and its application scope and prospects are increasingly broad. The packaging industry has formed an independent, complete and comprehensive industrial system. The main products include paper packaging, plastic packaging, metal packaging, glass packaging, packaging printing and packaging machinery.

The process of natural or synthetic polymer resin molecules in the molten state with evenly distributed auxiliary molecules around is called plasticization. If the process has been achieved, it is called plasticization. If it has not been achieved, it is considered that it has not been plasticized.

Plastic packaging is one of the four major materials in the packaging industry: paper and cardboard account for 30%, plastic 25%, metal 25%, glass 15%.

There is a huge demand for plastic products in modern life. More than 500 million plastic bags are used every year in the world. In 2020, the global plastic output will be nearly 400 million tons.

Plastic packaging materials are mainly divided into two categories: flexible packaging and rigid packaging. As one of the largest fields in the application of plastic products, they are widely used in tobacco, food and beverage, and daily chemical products industries. At present, plastic packaging accounts for more than 1/3 of the total output of packaging materials, ranking first among various packaging materials. Each packaging form is divided into many varieties because of different uses and materials.

The proportion of plastic packaging in the total output value of the packaging industry has exceeded 30%, playing an irreplaceable role in food, beverage, daily necessities and industrial and agricultural production. In recent years, the plastic packaging industry has been in a steady growth trend, ranking second only to paper packaging in the proportion of packaging product structure.

Accelerating the layout of circular economy in the plastic industry can not only further enhance the competitiveness of enterprises, but also make contributions to mitigating global environmental problems such as plastic pollution, climate change and biodiversity loss.

If the circular economy model can be fully adopted, it is estimated that by 2040, 80% of plastics in the world will be avoided from entering the sea every year, and 25% of greenhouse gas emissions will be reduced. The potential of developing plastic circular economy is huge.