Packaging Resins Market Report 2025

This Packaging Resins market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The packaging resins market size has grown strongly in recent years. It will grow from $263.54 billion in 2024 to $285.72 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to the growth of the consumer goods industry, rising consumption of packaged and processed foods, globalization and international trade, urbanization, and the emergence of e-commerce.

The packaging resins market size is expected to see strong growth in the next few years. It will grow to $390.18 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to expansion of e-commerce, growth in the food and beverage industry, increase in online retail, growing emphasis on sustainable and eco-friendly packaging, expansion of the food delivery market. Major trends in the forecast period include biodegradable resins, technological advancements, development of high-performance resins, adoption of recyclable resins, smart packaging.

The expansion of online shopping is expected to drive the growth of the packaging resin market in the future. Online shopping enables consumers to buy goods and services over the internet, providing convenience and a wide selection of products from the comfort of their homes. The growth of online shopping is fueled by factors such as increased internet access, advancements in e-commerce technology, the convenience it offers, and a wider variety of products available to consumers. Packaging resins are essential to the growth of online shopping by providing protective, lightweight, and versatile packaging solutions that ensure product safety during transit and improve the overall consumer experience. For example, in August 2024, the United States Census Bureau, a US-based government agency, reported that e-commerce sales in the second quarter of 2024 increased by 6.6 percent (±1.2) compared to the same period in 2023, while total retail sales grew by 1.9 percent (±0.4) in the same timeframe. E-commerce accounted for 15.2 percent of all retail sales in Q2 2024. Therefore, the growth of online shopping is expected to drive the growth of the packaging resin market.

Major companies in the packaging resin market are increasingly focusing on biodegradable options, such as compostable resins, to meet growing consumer demand for sustainable packaging and comply with environmental regulations. Compostable resins are designed to decompose into natural components like water, carbon dioxide, and organic matter under specific composting conditions, leaving no toxic residues. For instance, in July 2022, Green Dot Bioplastics, a US-based producer of biodegradable and compostable plastic solutions, introduced nine new compostable grades. This line, including five compostable starch blends, is compatible with existing film extrusion and molding equipment. Products like Terratek BD3003 and Terratek BD3300 offer durability and performance similar to LDPE and HDPE, respectively. These materials are suited for applications such as produce bags and agricultural films and are undergoing compostability certification from TüV Austria.

In July 2023, LyondellBasell Industries N.V., a Netherlands-based chemical industry company, acquired Mepol S.r.l. for an undisclosed amount. This acquisition is intended to enhance LyondellBasell's position in the circular economy by incorporating Mepol Group's expertise in recycled, high-performance technical compounds. As a result, LyondellBasell will be able to broaden its portfolio of sustainable polymer solutions and accelerate growth in the rapidly developing market for circular and renewable products. Mepol S.r.l. is an Italy-based manufacturer specializing in thermoplastic compounds and packaging resins.

Major companies operating in the packaging resins market are ExxonMobil Corporation, TotalEnergies SE, Reliance Industries Limited, BASF SE, The Dow Chemical Company, LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corporation (SABIC), LG Chem Ltd., Mitsubishi Chemical Group Corporation, Sumitomo Chemical Co. Ltd., Toray Industries Inc., Braskem S.A., Sasol Limited, Evonik Industries AG, INEOS Group Holdings S.A., Westlake Chemical Corporation, Indorama Ventures Public Company Limited, Amcor Plc, Berry Global Group Inc., Borealis AG, DuPont de Nemours Inc., China Petroleum & Chemical Corporation (Sinopec), Formosa Plastics Corporation, Chevron Phillips Chemical Company LLC, NOVA Chemicals Corporation.

Asia-Pacific was the largest region in the packaging resins market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the packaging resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Packaging resins are synthetic materials used to manufacture packaging products such as films, bottles, and containers. These resins impart essential properties like durability, flexibility, and barrier protection, ensuring that products remain safe during storage and transportation.

The primary types of packaging resins are polyethylene (PE), polypropylene (PP), polystyrene (PS), polyethylene terephthalate (PET), and polyvinyl chloride (PVC), among others. Polyethylene (PE) is a versatile resin widely used in packaging for its durability, flexibility, and resistance to moisture. Applications for these resins include flexible and rigid packaging, among others. End users of packaging resins span various industries, including food and beverages, healthcare, personal care, consumer goods, and industrial packaging.

The packaging resins market research report is one of a series of new reports that provides packaging resins market statistics, including packaging resins industry global market size, regional shares, competitors with an packaging resins market share, detailed packaging resins market segments, market trends and opportunities, and any further data you may need to thrive in the packaging resins industry. This packaging 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 industry.

The packaging resin market consists of sales of barrier films, shrink films, acrylic resins, and biodegradable 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.

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