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Plastics Gap Packaging Filler Market Size By Type (Inorganics, and Organics), By End-User (FMCG, Food and Beverages, Pharmaceuticals and Others), Regions, Segmentation, and Projection till 2030

CAGR: 4.2%Current Market Size: USD 1,150 MillionFastest Growing Region: Europe

Largest Market: APACProjection Time: 2023-2030Base Year: 2022

Global Plastics Gap Packaging Filler Market- Market Overview:

The global plastics gap packaging filler market is expected to grow from USD 1,150 million in 2022 to USD 1,598 million by 2030, at a CAGR of 4.2% during the Projection period 2023-2030. The growth of the plastics gap packaging filler market is mainly driven by an increasing number of product innovations.

Plastic gap package fillers are plastic goods that have been placed within a shipping box to provide drop protection by filling empty spaces within the box. An excellent plastic gap package filler protects against transportation rigors situations. A plastic gap packing filler's duty is to physically cover that space and decrease movement during shipping. Additionally, 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 packaging material. From 2021 to 2030, the extrusion technology industry is predicted to grow rapidly in the United States. Due to its performance benefits and sustainability, extrusion-based plastic packaging goods such as wraps and films, pouches, and bags are widely used in most consumer and industrial applications in the country. In addition, the great penetration of organized retail has also contributed significantly to the country's large share of plastic packaging. Worldwide, the packaged food and beverage market has been expanding rapidly in recent years. Changing lifestyles, an increasingly urban population, rising economic activity in emerging countries, and worldwide e-commerce penetration are a few macro factors driving the global packaged food business. Furthermore, food demand is likely to rise as the world population rises from 7.3 billion in 2015 to 9.7 billion in 2050, which is expected to stimulate demand for plastic packaging items.

Sample Request: - Global Plastics Gap Packaging Filler Market

Market Dynamics:

Drivers:                          

  • Increase Demand in Medical Industry

In recent years, the medical industry has seen a growth in the demand for plastic gap package fillers. With the recent outbreak of COVID-19, the private sector, governments, and people all across the world have been severely impacted. As a result, the healthcare and medical device sectors have become the focal point for patient recovery. Because of the rising number of positive instances, medical devices such as syringe pumps, oxygen concentrators or generators, ventilators, pulse oximeters, and many more devices are being employed in large numbers. This has increased the market for plastic gap package fillers.

Restraints:                                             

  • Strict Environmental Rules

Strict environmental rules linked with plastics' non-biodegradability pose a hurdle to the market, affecting the adoption rate of plastics. The negative impact of the COVID-19 epidemic affected the supply chain, acting as a market constraint and further challenging the market growth rate. These are the elements that will constrain the market and slow its growth pace.

Opportunities:

  • Environmental Benefits

The industry is focusing on rapid changes, such as new entrants and regulatory measures. This is growing as a fantastic chance for many producers to create unique and innovative packaging alternatives that will work as market drivers and expand the market's favorable potential. Concerns are growing over the usage of biodegradable plastic for packaging. This is not harmful to the environment, which is also motivating many producers and manufacturers to select sustainable packaging options and solutions. These alternatives are more secure and environmentally friendly.

Challenges:

  • Strict Prohibition

Rising sustainability consciousness, as well as a strict prohibition on single-use plastic to reduce plastic pollution, are projected to pose a danger to the industry's growth in the future years.

Segmentation Analysis:

The global plastics gap packaging filler market has been segmented based on type, end-user, and region.

By Type

The type segment is inorganics and organics. The organics segment led the largest share of the plastics gap packaging filler market with a market share of around 56.56% in 2022. The presence of carbon-based molecules within the filler material is referred to as organic in plastic filler. Carbon-based compounds can be derived from a variety of sources, including plant and animal stuff. The term "organic" differentiates these carbon-based compounds from inorganic fillers like sand or glass. The filler material's dark hue is due to the carbon concentration.

By End-User

The end-user segment is FMCG, food and beverages, pharmaceuticals, and others. The food and beverages segment led the largest share of the plastics gap packaging filler market with a market share of around 45.89% in 2022. Shifting consumer lifestyles and food tastes have contributed to the expansion of the packaging and processed food production sectors, which is expected to drive demand for plastic packaging. Also, the rising consumption of alcoholic and non-alcoholic beverages, particularly among the young, is predicted to promote industry growth.

Global Plastics Gap Packaging Filler Market- Sales Analysis.

The sale of the plastics gap packaging filler market expanded at a CAGR of 3.6% from 2016 to 2022.

The great penetration of organized retail has contributed significantly to the country's large share of plastic packaging. Worldwide, the packaged food and beverage market has been expanding rapidly in recent years. Changing lifestyles, an increasingly urban population, rising economic activity in emerging countries, and worldwide e-commerce penetration are a few macro factors driving the global packaged food business. Furthermore, food demand is likely to rise as the world population rises from 7.3 billion in 2015 to 9.7 billion in 2050, which is expected to stimulate demand for plastic packaging items. The rapid growth of the e-commerce sector is also expected to give up new opportunities for industry expansion.

Thus, owing to the aforementioned factors, the global plastics gap packaging filler market is expected to grow at a CAGR of 4.2% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the plastics gap packaging filler market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific region dominated the plastics gap packaging filler market and held a 37.6% share of the market revenue in 2022.

  • The Asia Pacific region witnessed a major share. This is due to the region's increasing demand for plastic gap package fillers. The Asia-Pacific region dominates the plastics gap package filler market, with China leading the way due to the rising population, which has boosted demand for residential housing in this region.
  • Europe is anticipated to experience significant growth during the Projection period. Stringent rules on the use of plastic packaging, combined with strong sustainability consciousness among consumers, are chiefly responsible for the region's poor industry growth. Furthermore, the European Parliament has set a 90% collection target for plastic bottles by 2029, and plastic bottles must have at least 25% recycled content by 2025 and 30% recycled content by 2030. Such stringent plastic-use regulations are expected to spur the development and adoption of alternative packaging alternatives, stifling market growth. However, the emergence of COVID-19 in early 2020 delayed the legislative procedure related to the plastic ban, which is expected to push back the plastic ban deadlines across Europe.

Global Plastics Gap Packaging Filler Market- Country Analysis:

  • Germany

Germany's plastics gap packaging filler market size was valued at USD 100 million in 2022 and is expected to reach USD 141.12 million by 2030, at a CAGR of 4.4% from 2023 to 2030. The country's large population, which supports the rise of the food and beverage, automotive, construction, personal care, and consumer electronics industries, is expected to be a key driver for the industry's growth.

  • China

China’s plastics gap packaging filler market size was valued at USD 112.4 million in 2022 and is expected to reach USD 161 million by 2030, at a CAGR of 4.6% from 2023 to 2030. The region is home to a sizable portion of the world's population, resulting in high domestic consumption. Because of its vast manufacturing sector and fast urbanization as a result of its growing population, China has emerged as a key consumer.

  • India

India's plastics gap packaging filler market size was valued at USD 86.48 million in 2022 and is expected to reach USD 122.9 million by 2030, at a CAGR of 4.5% from 2023 to 2030. Throughout the Projection period, rapidly increasing application sectors in important economies such as India are likely to fuel regional demand.

Key Industry Players Analysis:

To increase their market position in the global plastics gap packaging filler market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.         

  • Amcor plc
  • Sonoco Products Company
  • Sealed Air
  • Coveris
  • Berry Global Inc.
  • Mondi
  • CCL Industries, Inc
  • WINPAK LTD
  • Alpha Packaging
  • Constantia Flexibles

Latest Development:

  • In March 2022, Berry Global Inc. collaborated with Koa to create body cleanser and body moisturizer bottles manufactured from 100% recycled plastic. Berry, as an industry leader in sustainability, is committed to making a positive environmental effect through streamlined processes, continuously engaged partners, and optimized goods, a vision that Koa shares. Because of their shared objective for sustainability in packaging, Koa chose Berry as their supplier for this project.
  • In January 2022, Novolex created a novel recyclable tray for meat, fish, and poultry items. Piranha is the name of the container. Instead of using a layer of polyethylene or adhesive to secure the lid of modified atmosphere packaging, it is sealed with a series of raised teeth that run around the sealing flange (MAP).

Report Metrics

Report Attribute 

Details

Study Period

2022-2030

Base year

2022

CAGR (%)

4.2%

Market Size

1,150 million in 2022

Projection period

2023-2030

Projection unit

Value (USD)

Segments covered

By Type, By End-User, and By Region.

Report Scope

Revenue Projection, competitive landscape, company ranking, growth factors, and trends

Companies covered

Amcor plc, Sonoco Products Company, Sealed Air, Coveris, Berry Global Inc., Mondi, CCL Industries, Inc,

WINPAK LTD, Alpha Packaging, and Constantia Flexibles.

By Type

  • Inorganics
  • Organics             

By End-User

  • FMCG
  • Food and Beverages
  • Pharmaceuticals
  • Others                               

Regional scope

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Scope of the Report

Global Plastics Gap Packaging Filler Market By Type:

  • Inorganics
  • Organics

Global Plastics Gap Packaging Filler Market By End-User:

  • FMCG
  • Food and Beverages
  • Pharmaceuticals
  • Others

Global Plastics Gap Packaging Filler Market By Region:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
  • Asia-Pacific
    • Japan
    • China
    • India
    • Korea
    • Southeast Asia
  • South America
    • Brazil
    • Peru
  • Middle East and Africa
    • UAE
    • South Africa
    • Saudi Arabia

Frequently Asked Questions

What will be the expected market size of the plastics gap packaging filler market in 2030?

Global plastics gap packaging filler market is expected to reach USD 1,598 million by 2030.

What is the CAGR of the plastics gap packaging filler market?

The plastics gap packaging filler market is projected to have a CAGR of 4.2%.

What is the type segment of the plastics gap packaging filler market?

Based on the type, the plastics gap packaging filler market is segmented into inorganics and organics.

What are the key factors for the growth of the plastics gap packaging filler market?

In recent years, the medical industry has seen a growth in the demand for plastic gap package fillers. With the recent outbreak of COVID-19, the private sector, governments, and people all across the world have been severely impacted. As a result, the healthcare and medical device sectors have become the focal point for patient recovery.

Which are the leading market players active in the plastics gap packaging filler market?

Leading market players active in the global plastics gap packaging filler market are Amcor plc, Sonoco Products Company, Sealed Air, Coveris, Berry Global Inc., Mondi, CCL Industries, Inc, WINPAK LTD, Alpha Packaging, Constantia Flexibles among others.

Political Factors- The administration is following all World Trade Organization rules and regulations. There is consistency in both policy formulation and policy implementation. Policy decisions are made consistently from one government to the next. Second, governments of all parties honour the treaties signed by preceding governments. The government, both at the national and local levels, is running deficit budgets, which boosts growth in the near term but may lead to higher inflation in the medium term. The national government's bond rating is investment grade.

Economical Factors- The faster GDP growth rate indicates increased economic demand. plastics Packaging may capitalise on this trend by increasing its product line and reaching out to new clients. One place to begin is by closely tracking changes in consumer purchasing behaviour and evolving value propositions. The Federal Reserve's quantitative easing approach has resulted in a rush of cash into global financial markets. plastics Packaging can borrow cheaply in such cases. Yet, this technique carries dangers if interest rates rise. The pace of inflation might have an effect on the demand for plastics Packaging items. Increased inflation may necessitate plastics Packaging regularly raising prices in pace with inflation, resulting in poorer levels of brand loyalty and constant cost-cutting efforts.

Social Factor- plastics Packaging should perform ethnographic research to better understand both attitudes around leisure activities and leisure activity preferences. The experience economy is one of the fastest expanding categories among millennials and baby boomers alike. The degree of education in a society influences both the quality of jobs and the level of income. A higher degree of education frequently leads to better jobs, higher income, and increased spending on sophisticated and aspirational things.

Technological Factors- plastics Packaging should carefully examine the rules and culture of licencing IPR and other digital assets in order to avoid shakedowns and IPR thefts. Because E-Commerce is essential to the plastics Packaging business strategy. Before entering a new market, it should assess the e-commerce infrastructure, technical infrastructure, and so on. Mobile payments is one of the areas where the United States lags behind China. plastics Packaging should examine the prevalent mobile payment options in the local economy and base its business model on it. To combat corruption in the local economy, plastics Packaging might employ digitalization of numerous operations.

Environmental Factors- The role of environmental standards enforcement organisations in ensuring norms is crucial. Yet, in developing nations, these organisations frequently stall the procedure in order to obtain bribes. plastics Packaging should be aware that such practises exist in a country. Environmental Regulation Has an Effect on the Industry's Absolute Cost Advantage Dynamics. What are the country's commitments under the Paris Agreement, and what is the country's overall level of agreement on the Paris Climate Agreement? For example, Trump's failure to honour US pledges produced an unsettled climate.

Legal Factors- Plastics packaging, as a new operator, should not be concerned about the monopoly and restrictive trade practises law. plastics Packaging should analyse the extent of protection that intellectual property rights receive under the country's legal framework. The independence of the court frequently reflects the strength and credibility of the country's institutions. Transparency is vital for making fair and consistent decisions. plastics Packaging can plan more confidently if the process is uniform and transparent. plastics Packaging must analyse the country's data rules and what it must do to comply with them. For example, the majority of EU countries currently want EU citizen data to be saved only in EU countries.

  1. Introduction
    • 1. Objectives of the Study
    • 2. Market Definition
    • 3. Research Scope
  2. Research Methodology and Assumptions
  3. Executive Summary
  4. Premium Insights
    • 1. Porter’s Five Forces Analysis
    • 2. Value Chain Analysis
    • 3. Top Investment Pockets
      • 3.1. Market Attractiveness Analysis by Type
      • 3.2. Market Attractiveness Analysis by End-User
      • 3.3. Market Attractiveness Analysis by Region
    • 4. Industry Trends
  5. Market Dynamics
    • 1. Market Evaluation
    • 2. Drivers
      • 2.1. Increase Demand in Medical Industry
    • 3. Restraints
      • 3.1. Strict Environmental Rules
    • 4. Opportunities
      • 4.1. Environmental Benefits
    • 5. Challenges
      • 5.1. Strict Prohibition
  1. Global Plastics Gap Packaging Filler Market Analysis and Projection, By Type
    • 1. Segment Overview
    • 2. Inorganics
    • 3. Organics
  2. Global Plastics Gap Packaging Filler Market Analysis and Projection, By End-User
    • 1. Segment Overview
    • 2. FMCG
    • 3. Food and Beverages
    • 4. Pharmaceuticals
    • 5. Others
  3. Global Plastics Gap Packaging Filler Market Analysis and Projection, By Regional Analysis
    • 1. Segment Overview
    • 2. North America
      • 2.1. U.S.
      • 2.2. Canada
      • 2.3. Mexico
    • 3. Europe
      • 3.1. Germany
      • 3.2. France
      • 3.3. U.K.
      • 3.4. Italy
      • 3.5. Spain
    • 4. Asia-Pacific
      • 4.1. Japan
      • 4.2. China
      • 4.3. India
    • 5. South America
      • 5.1. Brazil
    • 6. Middle East and Africa
      • 6.1. UAE
      • 6.2. South Africa
  1. Global Plastics Gap Packaging Filler Market-Competitive Landscape
    • 1. Overview
    • 2. Market Share of Key Players in the Plastics Gap Packaging Filler Market
      • 2.1. Global Company Market Share
      • 2.2. North America Company Market Share
      • 2.3. Europe Company Market Share
      • 2.4. APAC Company Market Share
    • 3. Competitive Situations and Trends
      • 3.1. Technology Launches and Developments
      • 3.2. Partnerships, Collaborations, and Agreements
      • 3.3. Mergers & Acquisitions
      • 3.4. Expansions
  1. Company Profiles
    • Amcor plc
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Sonoco Products Company
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Sealed Air
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Coveris
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Berry Global Inc.
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Mondi
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • CCL Industries, Inc
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • WINPAK LTD
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Alpha Packaging
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Constantia Flexibles
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
      •  

List of Table

  1. Global Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  2. Global Inorganics, Plastics Gap Packaging Filler Market, By Region, 2023–2030 (USD Million)
  3. Global Organics, Plastics Gap Packaging Filler Market, By Region, 2023–2030 (USD Million)
  4. Global Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  5. Global FMCG, Plastics Gap Packaging Filler Market, By Region, 2023–2030 (USD Million)
  6. Global Food and Beverages, Plastics Gap Packaging Filler Market, By Region, 2023–2030 (USD Million)
  7. Global Pharmaceuticals, Plastics Gap Packaging Filler Market, By Region, 2023–2030 (USD Million)
  8. Global Others, Plastics Gap Packaging Filler Market, By Region, 2023–2030 (USD Million)
  9. Global Plastics Gap Packaging Filler Market, By Region, 2023–2030 (USD Million)
  10. North America Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  11. North America Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  12. USA Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  13. USA Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  14. Canada Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  15. Canada Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  16. Mexico Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  17. Mexico Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  18. Europe Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  19. Europe Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  20. Germany Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  21. Germany Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  22. France Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  23. France Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  24. UK Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  25. UK Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  26. Italy Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  27. Italy Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  28. Spain Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  29. Spain Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  30. Asia Pacific Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  31. Asia Pacific Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  32. Japan Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  33. Japan Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  34. China Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  35. China Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  36. India Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  37. India Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  38. South America Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  39. South America Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  40. Brazil Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  41. Brazil Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  42. Middle East and Africa Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  43. Middle East and Africa Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  44. UAE Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  45. UAE Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)
  46. South Africa Plastics Gap Packaging Filler Market, By Type, 2023–2030 (USD Million)
  47. South Africa Plastics Gap Packaging Filler Market, By End-User, 2023–2030 (USD Million)

List of Figures 

  1. Global Plastics Gap Packaging Filler Market Segmentation
  2. Plastics Gap Packaging Filler Market: Research Methodology
  3. Market Size Estimation Methodology: Bottom-Up Approach
  4. Market Size Estimation Methodology: Top-Down Approach
  5. Data Triangulation
  6. Porter’s Five Forces Analysis
  7. Value Chain Analysis
  8. Global Plastics Gap Packaging Filler Market Attractiveness Analysis by Type
  9. Global Plastics Gap Packaging Filler Market Attractiveness Analysis by End-User
  10. Global Plastics Gap Packaging Filler Market Attractiveness Analysis by Region
  11. Global Plastics Gap Packaging Filler Market: Dynamics
  12. Global Plastics Gap Packaging Filler Market Share by Type (2023 & 2030)
  13. Global Plastics Gap Packaging Filler Market Share by End-User (2023 & 2030)
  14. Global Plastics Gap Packaging Filler Market Share by Regions (2023 & 2030)
  15. Global Plastics Gap Packaging Filler Market Share by Company (2021)

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