Plastic Alternative Packaging Global Market Report 2023 – By Type (Starch Based Plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Other Types), By Process (Recyclable, Reusable, Biodegradable), By Application (Food and Beverage, Personal Care, Health Care, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

The plastic materials are synthetically made final products from polymers and resin is an unprocessed plastic derived from plant oozes. These include nonvulcanizable thermoplastic elastomers, and customized as well as non-customized synthetic resins. The main types of plastic materials and resins are polypropylene-plastic material and resins, high-density polyethylene, polyvinyl chloride, polyethylene terephthalate, polyurethane, low-density polyethylene, polystyrene-plastic material and resins, and other types of plastic material and resins. Polyvinyl chloride is a thermoplastic made of 57% chlorine derived from common salt and 43% carbon derived from ethylene from hydrocarbon feedstocks, sugar crops, crude oil, and natural gas. The applications involved are packaging, housewares, bags, sheets, bottles, fibers, tapes, films, medical materials, and other applications. The end-user industries include the chemical industry, the coating and printing industry, the electronics industry, the food and pharmaceutical industry, and other end-user industries. The global plastic materials and resins market is segmented - 1) By Type: Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins 2) By Application: Packaging, Housewares, Bags, sheets, Bottles, Fibers, Tapes, Films, Medical Materials, Other Applications 3) By End User Industry: Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Other End-User Industries The global plastic materials and resins market grew from $800.9 billion in 2022 to $885.95 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The plastic materials and resins market is expected to grow to $1301.4 billion in 2027 at a CAGR of 10.1%. New developments in the packaging industry, such as CO2RE foaming technology, big data, and IoT integration, are expected to drive the market going forward. Convenience features, such as resealable packs, easy-opening, stand-up pouches, and smaller pack sizes for single-servings, are being introduced, and more promotional packs and brand extensions are being developed to ensure customer loyalty. Similarly, the recent development of biodegradable plastics, which degrade naturally from the actions of microorganisms such as bacteria, algae, and fungi, is gaining traction. These developments in packaging will increase the consumption of plastics, which will drive the market's growth. Major companies in the plastic materials and resins market include Dow Inc., Sinopec Limited, LyondellBasell Industries Holdings BV, Whitehead Institute for Biomedical Research, BASF SE, INEOS AG, DuPont Inc., Alpek SA.B. de C.V, Alfa SA.B. de C.V, and Exxon Mobil. Oil price volatility is likely to have a negative impact on the plastic materials and resins market as a significant decline and increase in oil prices negatively impact government and consumer spending. The decline in oil prices is having a negative impact on government spending in countries such as Saudi Arabia, Nigeria, and the UAE (United Arab Emirates), which are largely dependent on revenues generated through crude oil exports, whereas a significant increase in oil prices has resulted in a spurt in inflation, current account deficit, and fiscal deficit in countries such as India and China, which predominantly import oil. For instance, the Saudi government is expected to cut down its spending from 1.05 trillion riyals ($280 billion) in 2019 to 1.02 trillion riyals ($270 billion) in 2020 and to 955 billion riyals ($255 billion) by 2022 due to a significant decline in revenues generated from oil exports, thereby affecting the market. This high volatility in the oil process is further expected to negatively impact the market going forward. The search for new characteristics for plastic materials and innovations in the manufacturing process have led to the development of various high-performance plastics. For example, smart polymers are materials that can change based on external environmental stimuli. A product that is a result of a combination of nanotechnology and plastic engineering. These products have high electrical conductivity, dimensional stability, and are also flame retardant, along with resistance to scratches, dents, and heat. These new high-performance plastics have gained rapid acceptance and find their applications in the medical, electronics, food packaging, automotive, and aerospace sectors. For instance, some of the major developments in plastic materials include plastics from potatoes and virgin PET from discarded textile fabric and waste bottles. Asia-Pacific was the largest region in the plastic materials and resins market in 2022. North Americawas the second-largest region in the plastic materials and resins market. The regions covered in the plastic materials and resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the plastic materials and resins market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The plastic materials and resins market consists of the sales of ryton & kynar, acrylic or polymethyl methacrylate, polycarbonate, and acrylonitrile-butadiene-styrene plastic materials and resins. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plastic materials and resins market research report is one of a series of new reports from The Business Research Company that provides plastic materials and resins market statistics, including plastic materials and resins industry global market size, plastic materials and resins market regional shares, competitors with a plastic materials and resins market share, detailed plastic materials and resins market segments, market trends and opportunities, and any further data you may need to thrive in the plastic materials and resins industry. This plastic materials and resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the plastic materials and resins industry.

Flexible plastic packaging refers to a technique for packing goods that makes use of flexible materials and is relatively new in the field of packaging solutions. It has gained popularity because of its high efficiency and economical nature. Plastic materials used in flexible plastic packaging include polyethylene, polypropylene, polystyrene, and polyvinyl chloride, among others. The main types of flexible plastic packaging include stand-up pouches, flat pouches, roll stock, gusseted bags, wicketed bags, wraps, and others. Stand-up pouches are also known as doypacks, are soft-sided containers that stand up on their own without any support. Flat pouches can be side welded or bottom sealed and have varieties like back or t-seal, four-side sealed and three-side sealed pouches. Roll stock consists of laminated film in one long, continuous sheet with a sturdy central cardboard having a highly usable structure. Gusseted bags have extra semi-oval shaped indents on both sides of the pouch forming a square or rectangle base, which increases the space of the bag allowing it to accommodate more items. Wicketed bags are stacked plastic bags which are arranged on a wire wicket and held together with rubber washer or a chipboard header. Wraps are tightly fitted flexible plastic used to cover a number of items. The technologies used in flexible plastic packaging includes flexography, rotogravure, digital printing and others. The flexible plastic packaging is used to pack a variety of items such as food, beverage, pharms & health care, personal care & cosmetics. The global flexible plastic packaging market is segmented - 1) By Type: Stand-Up Pouches, Flat Pouches, Rollstock, Gusseted Bags, Wicketed Bags, Wraps, Other Types 2) By Technology: Flexography, Rotogravure, Digital Printing, Other Technologies 3) By Application: Food, Beverage, Pharms & Health Care, Personal Care & Cosmetics, Other Applications The global flexible plastic packaging market size grew from $159.41 billion in 2022 to $166.35 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the flexible plastic packaging market is expected to grow to $201.92 billion in 2027 at a CAGR of 5.0%. The increase in consumption of processed and packaged food is drove the growth of the flexible plastic packaging market in the historic period. Packaged foods are food products that have been frozen, canned, cooked, packaged, or changed in nutritional composition and are preserved or fortified in different ways. Food brands are adopting flexible plastic packaging it consists of different types of packages that are easily molded. Therefore, high consumption of processed and packaged food propelled the demand for flexible plastic packaging during the period. Major players in the flexible plastic packaging market are Constantia Flexibles, Amcor Limited, Berry Global Inc., Clondalkin Group Holdings BV, ProAmpac, Coveris, Bemis Company Inc., Bischof + Klein Se & Co Kg, Aluflexpack Ag, Cosmo Films Limited, C-P Flexible Packaging, Novolex - Carlyle Group, Swiss Pac, and Ultimate Packaging. Rise in environmental concerns limited the growth of the flexible plastic packaging market during the historic period. Non-recyclable plastic bags have become a leading source of pollution globally. There are concerns about plastic in waste and in marine litter. Heaps of plastic litters have been found on several beaches across the world, clogs city sewers and fuels a massive flow of plastic waste, killing wildlife including sea animals. In response, many countries have instituted stringent rules to control the use of plastic bags. China, for example, has issued complete bans on plastic bags. These concerns proved to be a challenge to the flexible plastic packaging industry. The launch of innovative packaging to attract more customers and expand the customer base of the company is a key trend in flexible plastic packaging. The companies operating in the flexible packaging market are focusing on manufacturing innovative and sustainable packaging solutions for end-users. For example, in February 2021, FreeForm Packaging AB, a Sweden-based packaging company, launched one-sided stretchable paper laminate, which is based on 85% paper. Stretchable paper laminate has two layers of fiber form, a thin layer of polyethylene is present on one of the layers which protects packaging and content. In October 2022, PPC Flexible Packaging LLC, a US-based packaging company specializing in the design and development of innovative flexible films, acquired Plastic Packaging Technologies, LLC, for an undisclosed amount. Through this acquisition, PPC increases its flexible packaging solutions and innovative packaging formats for food and beverage, healthcare, and specialty consumer markets in North America. Plastic Packaging Technologies, LLC, is a US-based packaging company pioneering in flexible film printing, pouch conversion, and other novel packaging concepts, including prototypes. Asia-Pacific was the largest region in the flexible plastic packaging market in 2022. The regions covered in the flexible plastic packaging market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the flexible plastic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The flexible plastic packaging market includes revenues earned by entities from different products such as snacks, beverages, vegetables, and others and includes polyethylene, polypropylene, polystyrene, and polyvinyl chloride.The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The flexible plastic packaging market research report is one of a series of new reports from The Business Research Company that provides flexible plastic packaging market statistics, including flexible plastic packaging industry global market size, regional shares, competitors with a flexible plastic packaging market share, detailed flexible plastic packaging market segments, market trends and opportunities, and any further data you may need to thrive in the flexible plastic packaging industry. This flexible plastic packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Plastic products refers to a collective term for all the goods produced from a class of materials, either artificial or natural, that can be molded while still soft and subsequently hardened to maintain the desired shape. The processes used in plastic product manufacturing include compression molding, extrusion molding, injection molding, blow molding, and casting. The main types of plastic products are plastics packaging materials and unlaminated film and sheet, plastic pipes and shapes, laminated plastics plate, sheet, and shape, plastics bottle, polystyrene foam products, urethane and other foam product and other plastics product. The plastic material is typically applied for glass-clear packaged foods, such as fresh salads, fruits, cold meats, snacks, and so on. The different technologies include injection molding, extrusion molding, blow molding, others and is used in various sectors such as automotive & transportation, electrical & electronics, medical, construction, others. The global plastic products market is segmented – 1) By Type: Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Polystyrene Foam Products, Urethane And Other Foam Product, Other Plastics Product 2) By Technology: Injection Molding, Extrusion Molding, Blow Molding, Other Technologies 3) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Other End Users Subsegments Covered: Bags And Pouches, Films And Sheets, Unlaminated Plastics Profile Shape, Plastics Pipe And Pipe Fitting HDPE Plastic Bottles, PET Plastic Bottles, PP Plastic Bottles, Other Plastic Bottles The global plastic products market size will grow from $990.64 billion in 2022 to $1066.84 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of plastic products is expected to grow to $1395.54 billion in 2027 at a CAGR of 6.9%. The plastics products manufacturing industry is affected by the growth of the packaging industry. There are number of new developments in the packaging industry that will drive the demand for plastic materials. Convenience features, such as resealable packs, easy-to-open stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to ensure customer loyalty. These developments in packaging will increase the consumption of plastics and are driving the growth of the plastic products market. Major companies in the plastic products market include Amcor Limited, Berry Global Group Inc., Sealed Air Corporation, Avery dennison, Thyssenkrupp AG, LyondellBasell Industries Holdings BV, Brookfield Asset Management, Sekisui Chemical Co. Ltd., Aptar Group, and 3M Company. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the plastic products manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the plastic products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy The practice of using 3D printing in plastic manufacturing is becoming more common. This technology produces solid objects from digital designs by building up multiple layers of plastic, resin, or other materials in a precisely determined shape. The speed and flexibility of this technology can promote innovation and reduce time-to-market. The products produced using 3D printers have good mechanical properties like strength and rigidity. For example, Stratasys developed one such color multi-material 3D printer which can combine colors with multi-material 3D printing. The printer uses cyan, magenta, and yellow colors and plastics and elastomers as base materials to print objects with wide ranges of flexibility and rigidity, transparency, and opacity. Asia-Pacific was the largest region in the plastic products market in 2022. North America was the second largest region in the plastic products market share. The regions covered in the plastic products market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastic products market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The plastic products market consists of sales of polystyrene terephthalate, high-density polyethylene, polyvinyl chloride, nylon, polypropylene, casting processes, joining, shearing, and forming processes.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plastic products market research report is one of a series of new reports from The Business Research Company that provides plastic products market statistics, including plastic products industry, global plastic products market size, regional shares, competitors with a plastic products market share, detailed plastic products market segments, market trends and opportunities, and any further data you may need to thrive in the plastic products industry. This plastic products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Advanced packaging technologies refer to the technologies involved in the aggregation and interconnection of components before traditional electronic packaging. It allows integrated circuits to be enclosed in a casing, which prevents metallic parts from corroding and physical damage. The main types of advanced packaging technologies are 3D integrated circuits, 2D integrated circuits, 2.5D integrated circuits, and others. The 3D integrated circuit provides high bandwidth, a small form factor, and multi-function integration in packaging. Three-Dimensional Integrated Circuit (3DIC) is a packaging technology that collects and stacks homogeneous or heterogeneous dies vertically into Multi-Chip Modules (MCM) with Through-Silicon-Via (TSV). The various types of products include active packaging, smart and intelligent packaging and is implemented in various verticals such as automotive and transport, consumer electronics, industrial, IT and telecommunication, others. The global advanced packaging technologies market is segmented – 1) By Type: 3D Integrated Circuit, 2D Integrated Circuit, 2.5D Integrated Circuit, Other Types 2) By Product: Active Packaging, Smart And Intelligent Packaging 3) By End Use Industry: Automotive And Transport, Consumer Electronics, Industrial, IT And Telecommunication, Other End Use Industries The global advanced packaging technologies market size grew from $5.74 billion in 2022 to $6.52 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size advanced packaging technologies is expected to grow to $10.44 billion in 2027 at a CAGR of 12.5%. Growing demand for consumer electronics is expected to propel the growth of the advanced packaging market going forward. Consumer electronics refers to any electronic equipment, gadgets, or devices made to be purchased and used on a regular basis for non-commercial or professional purposes by consumers. Consumer electronics can create demand for advanced packaging as it plays an important role in defining the sophistication of the products. For instance, in June 2021, Oberlo, a Lithuania-based e-commerce platform, said that globally, 6.4 billion people use smartphones. Therefore, the growing demand for consumer electronics is driving the groeth of the advanced packaging market. The growing technological advancements are shaping the advanced packaging technologies market. Major companies operating in the advanced packaging technologies sector are focused on developing technological solutions for advanced packaging to expand their leadership in semiconductor solutions. For instance, in May 2021 Samsung Electronics, a South Korea-based electronics company launched Interposer-Cube4 (I-Cube4), an advanced chip packaging technology for high-performance applications. Interposer-Cube4 (I-Cube4), a 2.5D packaging technology improves communication and power effectiveness among logic and memory chips and is projected to be widely used in sectors such as high-performance computing, artificial intelligence (AI), 5G, cloud, and the largest data center applicants. In December 2020, Graham Partners, Inc., a US-based private investment firm focused on investing in technology-driven companies acquired flexible packaging converting the business from Berry Global for an undisclosed amount. The flexible packaging converting business will be combined with Graham Partners’ flexible packaging portfolio company, Advanced Barrier Extrusions LLC. Through this acquisition, ABX expands geographically, adds attractive categories such as personal care and healthcare packaging, and increases its revenue by over $200 million, according to Graham Partners. Berry Global is a US-based manufacturer and marketer of advanced plastic packaging products. Major players in the advanced packaging technologies market are Amkor Technology, Intel, Advanced Semiconductor Engineering (ASE), Taiwan Semiconductor Manufacturing Company, Samsung Electronics, STATS ChipPAC, Qualcomm Technologies, IBM, Brewer Science, SÜSS Microtec, Renesas Electronics Corporation, Texas Instruments, Siliconware Precision Industries, Jiangsu Changjiang Electronics Technology, China WLCSP Co. LTD., Deca Technologies, Greatek Electronics, Powertech Technology, Sanmina Corporation, SFA Semicon, Universal Instruments Corporation, and Tongfu Microelectronics. Asia-Pacific was the largest region in global advanced packaging technologies market in 2022. The regions covered in the advanced packaging technologies market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the advanced packaging technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The advanced packaging technologies market consists of revenues earned by entities by providing packaging services such as fan-out wafer-level packaging and system-in-package used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The advanced packaging technologies market also includes sales of image sensor, microelectronics, complementary metal oxide semiconductor, light-emitting diode, design package, external cavity, ultraviolet light, and others which are used in providing packaging services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The advanced packaging technologies market research report is one of a series of new reports from The Business Research Company that provides advanced packaging technologies market statistics, including advanced packaging technologies industry global market size, regional shares, competitors with a advanced packaging technologies market share, detailed advanced packaging technologies market segments, market trends and opportunities, and any further data you may need to thrive in the advanced packaging technologies industry. This advanced packaging technologies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Aseptic packaging is the process of packaging a beverage or food product at ultra high temperature (UHT), sterilizing or sanitizing the packaging separately, then fusing and sealing under sterile atmospheric conditions to avoid viral and bacterial contamination. The main types of aseptic packaging are cartons, bags and pouches, bottles and cans, ampoules, and others. Carton is a light box where products are stored, bags and pouches are used to carry different items in one pocket, bottles and cans are the containers used to store liquid items, and an ampoule is a sealed vial made of glass or plastic which contains a sterile medicinal solution or a powder. The aseptic packaging protects against bacteria, light and vapor and helps increase the shelf-life of the product. Aseptic bags and pouches are made using by polyethylene particles and offer low-temperature resistant performance, good chemical stability and electrical insulation properties. Aseptic bottles and cans are rendered ultra-high temperature (UHT) treatment for improving hygiene and shelf-life and are used widely in the dairy and beverages industries. Aseptic ampoules are small glass vessels sterilized to prevnst pathogens and are usedthe in pharmaceuticals and chemicals industry. The materials used in aseptic packaging are plastic, paper, paperboard, metal, glass, and wood. This aseptic packaging is used by food, beverage, pharmaceutical, and other industries. The global aseptic packaging market is segmented - 1) By Type: Cartons, Bags And Pouches, Bottles And Cans, Ampoules, Other Types 2) By Material: Plastic, Paper And Paperboard, Metal, Glass, Wood 3) By Application: Food, Beverage, Pharmaceutical, Other Applications The global aseptic packaging market size grew from $64.07 billion in 2022 to $70.56 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aseptic packaging market size is expected to grow to $107.81 billion in 2027 at a CAGR of 11.2%. The increase in demand for convenience food products with a longer shelf life and safe hygiene packaging is expected to drive the growth of the aseptic packaging market in the forecast period.For instance, the global processed snacks market is expected to increase from $96.9 billion in 2020 to $142.0 billion by 2025. Therefore, the growing demand for convenience and processed food drives the growth of the aseptic packaging market Major players in the aseptic packaging market are Reynolds Group Holdings Limited, Amcor Limited, Tetra Laval International S.A, Greatview Aseptic Packaging Co. Ltd., Tetra Pak International SA, Sig Combibloc AG, SIG Combiboc Obeikan, ELOPAK Group, Sealed Air Corporation, DS Smith PLC., and UFlex Limited. Companies in the aseptic packaging market are focusing on the development of single-use passive for ensuring maximum safety and reducing wastage. Single-use passive refers to transferring the contained and sterile contents between manufacturing process steps and facilities. It also creates an agile manufacturing environment and lowers the toxicity when mixing to make a final product, thus saving time and cost associated with cleaning, maintenance and validation. For instance, in June 2022, Greatview Aseptic Packaging Company, a China-based aseptic processing company, introduced aseptic cartons. This aseptic carton is derived from a biobased polymer utilized to produce the aseptic carton pack and laminate paper boards to improve sustainability in product packaging. In February 2022, Hewlett-Packard Company, a US-based information technology company, acquired Choose Packaging for $10 billion. Through this acquisition, HP, Inc. would increase recyclable packaging solutions and promote alternatives to plastic bottles while also advancing HP's more general sustainability objectives. Choose Packaging is a UK-based packaging company pioneering in the development of innovative packaging solutions and sustainable packaging alternatives to plastic, such as paper and paperboard, and pressure-sensitive materials that include aseptic packaging. Asia-Pacific was the largest region in the aseptic packaging market in 2022. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the aseptic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the aseptic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The aseptic packaging market consists of sales of bags & pouches, prefilled syringes, vials & ampoules, and other aseptic packaging. The products are placed into a container or packaging covered in a sterile environment. This method uses extremely high temperatures to maintain the freshness of the contents while ensuring it is not contaminated with microorganisms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aseptic packaging market research report is one of a series of new reports from The Business Research Company that provides aseptic packaging market statistics, including aseptic packaging industry global market size, regional shares, competitors with an Aseptic Packaging market share, detailed aseptic packaging market segments, market trends and opportunities, and any further data you may need to thrive in the aseptic packaging industry. This aseptic packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Plastics and rubber products refer to any substance that is a component of one of the many semi- or synthetic solids used in the production of various goods, as well as any elastic substance made from the latex sap of trees-particularly those in the genus Hevea and genus Ficus—that can be vulcanized and finished into a range of goods. The main types of plastics and rubber products are rubber products and plastic products. Plastics are a broad category of synthetic or semi-synthetic compounds made primarily of polymers. Plastics can be shaped, stretched, or compressed into solid objects of diverse shapes due to their fluidity. The different sectors include automotive and transportation, electrical and electronics, medical, construction, and others. The global plastics and rubber products market is segmented - 1) By Type: Rubber Products, Plastic Products 2) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Other End Users Subsegments Covered: Tire, Hoses And Belting, Other Rubber Product, Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Urethane And Other Foam Product, Polystyrene Foam Products, Other Plastics Product The global plastics and rubber products market size will grow from $1365.01 billion in 2022 to $1466.92 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of plastics and rubber products is expected to grow to $1899.33 billion in 2027 at a CAGR of 6.7%. New Developments In Packaging - The plastics and rubber products manufacturing industry is affected by the growth of the packaging industry. There are a number of new developments in the packaging industry that will drive the demand for plastic materials. Convenience features, such as resealable packs, easy-to-open stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to ensure customer loyalty. These developments in packaging will increase the consumption of plastics and rubber and are driving the market. Major companies in the plastics and rubber products market include The Michelin Group, Bridgestone Corporation, Continental AG, Amcor Limited, Good Year Tire & Rubber Company, Sumitomo Rubber Group, Berry Global Group Inc., The Hankook Tire group, Pirelli & C SpA and Avery dennison. Corona virus Pandemic - The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the plastics and rubber products manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the plastics and rubber products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Manufacturers in the plastic and rubber products industry are investing in automation technologies to reduce production costs, improve productivity and enhance product quality. The use of sensors and wireless technology aids in gathering valuable data that is used to improve efficiencies and reduce errors. This is resulting in streamlined manufacturing processes, and better product quality at lower costs. According to ABB, an industrial robot manufacturer, some of their customers reported an increase of 15-30% in productivity after installing robotic automation systems. Around 180,000 machines are employed in the plastic manufacturing industry in 2021, an increase of 67,000 machines over the course of 4 years. Major companies providing industrial robotics include FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd. Asia-Pacific was the largest region in the plastics and rubber products market in 2022. North America was the second largest region in the plastics and rubber products market share. The regions covered in the plastics and rubber products market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastics and rubber products market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The plastics and rubber products market consists of sales of polymerproducts, elastic products, and flexible products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plastics and rubber products market research report is one of a series of new reports from The Business Research Company that provides plastics and rubber products market statistics, including plastics and rubber products industry, global plastics and rubber products market size, regional shares, competitors with a plastics and rubber products market share, detailed plastics and rubber products market segments, plastics and rubber products market trends and opportunities, and any further data you may need to thrive in the plastics and rubber products industry. This plastics and rubber products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Alternative data is characterized as non-traditional data that can give an indicator of a firm's future performance other than conventional sources such as corporate filings, analyst predictions, and management instructions. This information can be utilized in pre-trade investment evaluation as well as to assist investors in monitoring the health of a firm, industry, or nation. The main types of alternative data are credit and debit card transactions, email receipts, geo-location (foot traffic) records, mobile application usage, satellite and weather data, social and sentiment data, web scraped data, and web traffic. Credit card transaction data generates information about consumer purchases, allowing businesses to estimate future spending patterns. Organizations including small and medium-sized enterprises and large enterprises. It is implemented in various verticals such as automotive, BFSI, energy, industrial, IT and telecommunications, media and entertainment, real estate and construction, retail, transportation and logistics. The global alternative data market is segmented – 1) By Data Type: Credit And Debit Card Transactions, Email Receipts, Geo-location (Foot Traffic) Records, Mobile Application Usage, Satellite And Weather Data, Social And Sentiment Data, Web Scraped Data, Web Traffic 2) By Organization Size: Small and Medium-Sized Enterprises, Large Enterprises 3) By Industry: Automotive, BFSI, Energy, Industrial, IT And Telecommunications, Media And Entertainment, Real Estate And Construction, Retail, Transportation And Logistics The global alternative data market grew from $3.23 billion in 2022 to $4.74 billion in 2023 at a compound annual growth rate (CAGR) of 46.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of alternative data is expected to grow to $18.94 billion in 2027 at a CAGR of 41.4%. The rising demand for alternative data from hedge funds is expected to propel the growth of the alternative data market in the coming years. Alternative data (or alt data) is non-financial data that predict financial results. Hedge funds and investment banks are among the top users of alt data as investors seek new data sources to provide speedier insight for improved decision-making. This is primarily since alternative data might aid in understanding the corporate performance and future consequences. According to study in 2020, jointly published by AIMA and SS&C, quizzed nearly 100 hedge fund managers globally, out of which approximately 25% of those surveyed are considered ""market leaders"" - hedge fund managers who have been using alternative data for more than five years and over two-thirds (69%) of these market leaders are using alternative data to generate outperformance. Moreover, in next one to five years, 61% of market leaders and 82% of the rest of the market expect alternative data to become increasingly popular among hedge funds. Therefore, the rising demand for alternative data from hedge funds drives the growth of the alternative data market. Major players in the alternative data market are 1010Data Inc., Advan Research Corporation, Eagle Alpha Ltd., Preqin Ltd., Ravenpack International SL, The Earnest Research Company, Thinknum Inc., UBS Evidence Lab, YipitData, Dataminr Inc., M Science LLC, 7Park Data Inc., Convergence Inc., Geotab Inc., Jumpshot, JWN Energy, and Talkingdata. The launch of next-generation platforms has emerged as a key trend in the alternative data market. Major companies operating in the alternative data sector are focusing on introducing next-generation platforms to deliver new and timely insights to researchers, analysts, and businesses. For instance, in October 2020, ESG Data Services Inc., a Canada-based alternative data provider launched the next generation AI-powered ESG data, research, and analytics platform-ESG Analytics. ESG Analytics is an API and web-based solution that uses artificial intelligence (AI) and broad-based alternative data sources to uncover opportunities and risks in social, environmental, and governance practices of companies, ETFs, and countries. Moreover, for investors going beyond the surface details that everyone else uses, ESG Analytics opens them to a world of deep and relevant analysis. In January 2020, The Earnest Research Company, a US-based data analytics company has acquired Alpha Hat Inc. for an undisclosed amount. The acquisition would allow The Earnest Research Company to demonstrate the insights of the new data products of the highest quality and accuracy. Alpha Hat Inc. is a US-based, mobile geolocation intelligence provider that specializes in refining alternative data into actionable insights for investors. North America was the largest region in the alternative data market in 2022. The regions covered in the alternative data market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the alternative data market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The alternative data market includes revenues earned by entities by providing services such as point-of-sale transactions, web site usage, mobile app or app store analytics, crowdsourcing, and obscure city hall records. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The alternative data market research report is one of a series of new reports from The Business Research Company that provides alternative data market statistics, including alternative data industry global market size, regional shares, competitors with an alternative data market share, detailed alternative data market segments, market trends and opportunities, and any further data you may need to thrive in the alternative data industry. This alternative data market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Eco-friendly food packaging refers to a process in which food is packaged using materials that are safe for the environment and can be degradable. The materials must be contained in order to prevent tampering or contamination from physical, chemical, or biological sources; active packaging is the most popular type of packaging used to keep food products safe. The main types of eco-friendly food packaging are recycled content packaging, reusable packaging, and degradable packaging. The degradable eco-friendly food packaging is a substitute for petrochemical-based polymers. The common biodegradable materials used in food packaging are chitosan, starch, gelatin cellulose, and polylactic acid. The different materials include paper and paperboard, metal, glass, plastic, and others and use various techniques such as active packaging, molded packaging, multipurpose packaging, and alternate fiber packaging. The various applications include food and beverages, bakery and confectionery, dairy products, meat products, fruits and vegetables, convenience food, and others. The global eco-friendly food packaging market is segmented - 1) By Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging 2) By Material: Paper And Paperboard, Metal, Glass, Plastic, Other Materials 3) By Technique: Active Packaging, Molded Packaging, Multipurpose Packaging, Alternate Fiber Packaging 4) By Application: Food And Beverages, Bakery And Confectionery, Dairy Products, Meat Products, Fruits And Vegetables, Convenience Food, Other Applications The global eco-friendly food packaging market size grew from $213.26 billion in 2022 to $229.38 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The eco-friendly food packaging market size is expected to grow to $316.31 billion in 2027 at a CAGR of 8.4%. The growing consumer awareness about the drawbacks of using single-use and non-degradable plastic products for food packaging is driving the growth of the eco-friendly food packaging market. Widespread usage of single-use and non-degradable plastic packaging products affects the environment adversely. Plastic takes hundreds of years to decompose in a landfill and for such a long period the plastic waste will be there in the surroundings and cause several harm to the environment and ultimately harms the life of plants, animals, and human beings. For instance, according to the World Economic Forum report, countries such as Germany and Austria are the leaders in recycling waste at the rate of 56% and 52% respectively. In addition, some countries, such as Wales, have set lofty recycling goals for themselves. Wales is aiming for zero waste by 2050, while the EU is considering setting a new 2030 target of at least 65%. Therefore, increasing awareness among the consumer about the hazards of using plastic products for food packaging is expected to propel the growth of the eco-friendly food packaging market over the coming years. Major players in the eco-friendly food packaging market are Amcor, Mondi plc, Sealed Air Corporation, Ball Corporation, Tetra Pak, BASF, Huhtamaki Oyj, Westrock, Smurfit Kappa Group, Sonoco, Evergreen Packaging, Elopak, Winpak Ltd., Printpak, PaperFoamBV, Be Green Packaging, DS Smith plc, DuPont, and Crown Holdings Inc. Technological advancement is a key trend gaining popularity in the eco-friendly food packaging market. Major market players are concentrating their efforts on creating innovative technologies for migrating to environmentally friendly food packaging solutions to reduce environmental impact and keep plastic out of landfills and the ocean. For example, in October 2022, HuhtamäkiOyj, a Finland-based consumer packaging company, launched an innovative, recyclable ice cream packaging solution based on paper-based technology. This packaging solution is constructed of 95% renewable biobased material thanks to a water-based barrier coating and paperboard that has received SFI certification. This innovation helps to reduce packaging costs, waste, and environmental pollution. In July 2021, ProAmpac, a US-based company engaged in offering sustainable and creative packaging products acquired Ultimate Packaging Ltd. for an undisclosed amount. With this acquisition, ProAmpac broadens its sustainable product portfolio, improves its position in creative food packaging, and expands its reach across the UK. Ultimate Packaging is a UK-based company involved in offering creative packaging solutions and state-of-the-art printing techniques. The company gives its support throughout the supply chain with various innovative packaging products that are environmentally friendly. North America was the largest region in the eco-friendly food packaging market in 2022. The regions covered in the eco-friendly food packaging market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the Eco-Friendly Food Packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The eco-friendly food packaging market consists of sales of biodegradable material, sustainable packaging, green packaging, environmentally-friendly packaging, recyclable, reusable, and non-toxic material. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The eco-friendly food packaging market research report is one of a series of new reports from The Business Research Company that provides eco-friendly food packaging market statistics, including eco-friendly food packaging industry global market size, regional shares, competitors with an eco-friendly food packaging market share, detailed eco-friendly food packaging market segments, market trends and opportunities, and any further data you may need to thrive in the eco-friendly food packaging industry. This eco-friendly food packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.