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Plastic Packaging Market Set to Expand at a CAGR of 5.30% during the Forecast period 2021-2028
Plastic Packaging Market Set to Expand at a CAGR of 5.30% during the Forecast period 2021-2028
Plastic Packaging Market

Product demand is being driven by rapidly developing main application sectors such as food and drinks, pharmaceuticals, and personal and household care. Furthermore, the increasing prevalence of organised and e-retail around the globe is supporting market growth. Plastic provides both flexible and stiff packaging, as well as transparent and lightweight packaging, which is why major application areas choose it over metal or glass. Furthermore, designed plastic can withstand severe temperatures and does not decompose, keeping the integrity of things such as food and beverages and cosmetics.

Furthermore, the low cost and high printability of plastic make it a profitable Plastic Packaging Market. From 2021 to 2028, the extrusion technology industry is predicted to develop rapidly in the United States. Due to their performance benefits and sustainability, extrusion-based goods such as wraps and films, pouches, and bags are widely employed in most consumer and industrial applications in the nation. The strong penetration of organised retail across the country has also contributed greatly to the country's market growth.

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