Europe Plastic Packaging Market: Introduction Transparency Market Research delivers key insights into the Europe plastic packaging market in its published report, which include Europe industry analysis, size, share, growth, trends, and forecast of 2020–2030. In terms of revenue, the Europe plastic packaging market is projected to grow at a CAGR of ~4% during the forecast period, owing to several factors about which, TMR offers detailed insights and forecasts on the Europe plastic packaging market report.
Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82025 Plastic packaging, including flexible and rigid packaging solutions are predominantly used to ensure product life of a wide range of industrial and non-industrial goods during storage and transit. Thus, convenient usage and availability of customization, the plastic rigid and flexible packaging solutions have brought about a significant change in the way goods are pack, and are expected to witness significant traction during the foreseeable future. The TMR team has deeply analyzed demand and supply of plastic packaging in European countries as per material, packaging, and end use. It is witnessed that the flexible plastic packaging formats are gaining significant demand among food and beverage, pharmaceutical, and cosmetics industries. Attributing to this, flexible packaging is expected to hold major pie in the target region during the forecast period. Space Limitations Amplifying Demand for Compact Plastic Packaging Formats Leading as well as small-scale industries players operating in the European market are focusing to reduce the transportation cost of wide range of food and non-food products. Moreover, packaging manufacturers in Europe are also designing packaging solutions, especially rigid packaging products, which are reusable and require less space during transportation or while in storage.
For instance, Greif Inc, one of the leading industrial packaging manufacturers, has designed plastic drums with tapered design that reduces the shipping cost and optimizes warehouse storage floor space. Rising preference for such space saving rigid packaging solutions to reduce overall transportation cost of food and non-food products is driving the European plastic packaging market growth considerably.