The Europe Plastic Packaging Market size is estimated at USD 23.58 billion in 2024, and is expected to reach USD 31.12 billion by 2029, growing at a CAGR of 5.70% during the forecast period (2024-2029).
The increasing technological advancements and end-user industry packaging applications are the significant factors driving the market growth studied.
The Europe Plastic Packaging Market is fragmented, owing to multiple players in the market. The major players are adopting strategies like product innovation, mergers and acquisitions, and expansion to stay competitive in the region. Some of the major players in the market are Amcor PLC, Sealed Air Corporation, and Berry Global Inc., among others.
In September 2022, Berry Global Group, Inc. and Mars, Inc. worked together to introduce their well-liked pantry-sized delights in 15% post-consumer resin (PCR)- and lighter-than-ever PET (polyethylene terephthalate) jars. Berry and Mars introduced the redesigned jars for the M&M'S, SKITTLES, and STARBURST brands as part of their joint effort to develop more environmentally friendly packaging options.
In August 2022, Amcor announced that it completed the acquisition of a flexible packaging plant in the Czech Republic. The site's strategic location immediately increased Amcor's ability to satisfy strong demand and customer growth across its European flexible packaging network.
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