Discover Top 60 Companies in Packaging Resins: Global Share, Market Size, Revenue Report (2024–2035)
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Packaging Resins Market Size is projected to Grow from USD 252.9 Billion in 2024 to USD 479.6 Billion by 2035, at a CAGR of 6.61% during the forecast period 2025–2035. The market for packaging resins is expanding due in large part to the growing demand for food and beverage packaging as consumers look for sustainable, long-lasting, and easy solutions. The growing requirement for tamper-evident, sanitary, and safe pharmaceutical packaging is another factor driving the industry's growth.
Introduction
The packaging resins market includes the production and supply of plastic materials such as polyethene and polypropylene, which are utilised to manufacture flexible and rigid packaging solutions across industries, driven by demand for lightweight, durable, and recyclable packaging. The market for packaging resins is expanding rapidly due to the need for robust, lightweight, and reasonably priced materials in the consumer goods, food, beverage, and healthcare industries. Because of their adaptability, barrier qualities, and recyclability, key resins such as polyethene (PE), polypropylene (PP), polyethene terephthalate (PET), and polystyrene (PS) are preferred. The necessity for packaging is further increased by e-commerce, changing lifestyles, and increasing urbanisation. Suppliers of raw materials, makers of resin, converters, manufacturers of packaging, distributors, and recyclers are all involved in the value chain, which is impacted by innovation and legal compliance. High-performance materials, bio-based and biodegradable polymers, and intelligent packaging solutions present opportunities. Due to industrialisation and retail expansion, emerging nations in Latin America and the Asia-Pacific are seeing tremendous demand increases. However, changes towards sustainable, circular economy methods are encouraged by regulatory pressures and environmental concerns. Businesses that put an emphasis on technological innovation, sustainability, and regional expansion will be well-positioned to benefit from the changing packaging resins market environment.
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Packaging Resins Market Size & Statistics
- The Market Size for Packaging Resins Was Estimated to be worth USD 252.9 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 6.61% between 2025 and 2035.
- The Global Packaging Resins Market Size is anticipated to reach USD 479.6 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Packaging Resins Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Packaging Resins Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the packaging resins market. Rapid urbanisation, industrialisation, and rising demand for packaged foods, drinks, and medications in nations like China, India, Japan, and South Korea are the main drivers of the increase. The demand for flexible, strong, and lightweight packaging materials, including films, pouches, and containers, is being further fuelled by the expanding e-commerce industry. The use of recyclable and bio-based resins, such as PET, HDPE, PP, and biodegradable substitutes like PLA, is being promoted by growing environmental sustainability awareness. Additionally, the requirement for improved food safety and longer shelf life is driving up demand for speciality and high-barrier resins.
North America is expected to generate the highest demand during the forecast period in the packaging resins market. The growing demand from important industries like personal care, healthcare, and food & beverage. The demand for lightweight, robust, and secure packaging is being driven by the rise in e-commerce, food delivery services, and the consumption of processed and ready-to-eat meals. The extensive usage of resins such as polyethene (PE), polypropylene (PP), and polyethene terephthalate (PET) is supported by this trend. Increased consumer attention to sanitation and stringent food safety regulations also support industry growth. Additionally, businesses are investing in recyclable and bio-based resin technology as a result of mounting environmental concerns and regulatory challenges surrounding plastic waste. With developments in intelligent and high-barrier packaging materials that improve sustainability and functionality, North America is at the forefront of innovation.
Top 10 trends in the Packaging Resins Market
- Growth in bio-based and biodegradable resins
- Increasing demand for lightweight and durable packaging
- Expansion of smart and functional packaging materials
- Rising use of multilayer and high-barrier films
- Focus on recyclability and circular economy initiatives
- Growing influence of e-commerce on packaging needs
- Adoption of advanced polymer blends and composites
- Expansion in emerging markets, especially Asia-Pacific and Latin America
- Regulatory pressures driving sustainable packaging innovations
- Integration of digital technologies for supply chain and quality control
1. Growth in bio-based and biodegradable resins
The need for bio-based and biodegradable resins is being driven by growing environmental consciousness and regulatory pressure. These materials promote sustainable packaging options that appeal to environmentally conscious consumers and support the objectives of the circular economy by reducing reliance on fossil fuels and plastic waste.
2. Increasing demand for lightweight and durable packaging
Lightweight resins ensure product protection while lowering transportation expenses and carbon emissions. In order to meet industrial demands in the food, healthcare, and e-commerce sectors, durable packaging extends shelf life and minimises damage, which propels the development of specialised resin compositions.
3. Expansion of smart and functional packaging materials
Features like tamper evidence, anti-microbial coatings, and freshness indicators are all included in smart packaging. The demand for sophisticated resin technologies combined with sensors and responsive materials has increased as a result of these advancements in supply chain transparency, consumer interaction, and product safety.
4. Rising use of multilayer and high-barrier films
High-barrier multilayer coatings shield delicate items from impurities, oxygen, and moisture. In order to ensure product quality and longer shelf life, this trend is essential for food and pharmaceutical packaging, which increases the use of intricate resin blends and structures.
5. Focus on recyclability and circular economy initiatives
To cut down on plastic waste, governments and companies are promoting recyclable packaging. By creating mono-material solutions and enhancing recycling procedures, the packaging resins market is adjusting, promoting the ideas of the circular economy, and lessening its negative effects on the environment.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the packaging resins market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 10 Companies Leading the Packaging Resins Market
- Reliance Industries Limited
- Borealis AG.
- BASF SE
- Mitsubishi Chemical Corporation
- LyondellBasell Industries Holdings B.V.
- Braskem
- INEOS
- China Petrochemical Corporation
- SABIC
- Exxon Mobil Corporation
- Others
1. Reliance Industries Limited
Headquarters: Mumbai, India
The main operations of Reliance Industries Limited (RIL), a diversified conglomerate, include petrochemicals, refining, retail, oil and gas exploration, and telecommunications. RIL is well-known for being a trailblazer in the energy and retail industries in India. It also owns Jio, a top provider of digital services, and has the biggest refining complex abroad. Throughout its operations, the corporation places a strong emphasis on innovation, sustainability, and digital transformation. The retail division of RIL is dedicated to increasing consumer reach via e-commerce, speciality shops, and supermarkets. Reliance, which is dedicated to circular economy and renewable energy projects, keeps accelerating expansion in India and throughout the world with smart investments and technology breakthroughs.
2. Borealis AG.
Headquarters: Vienna, Austria
Borealis AG is a prominent supplier of cutting-edge solutions for base chemicals, fertilisers, and polyolefins. The business specialises in manufacturing premium chemicals and plastics for use in the construction, automotive, packaging, and agricultural sectors. By creating circular economy solutions, such as cutting-edge recycling technology and bio-based materials, Borealis places a strong emphasis on sustainability. Borealis, which works worldwide and places a high priority on innovation and customer engagement, provides customised goods and services that improve performance, lessen their negative effects on the environment, and promote a more sustainable future.
3. BASF SE
Headquarters: Ludwigshafen, Germany
BASF SE offers a wide range of goods, such as chemicals, plastics, performance goods, agricultural solutions, and more. The business develops cutting-edge materials and technologies for sectors like packaging, construction, automotive, and agriculture with an emphasis on sustainability and creativity. BASF places a strong emphasis on resource efficiency, climate preservation, and circular economy projects. With a global presence, BASF works directly with clients to offer customised solutions that boost output, lessen their impact on the environment, and aid in the shift to sustainable practices.
4. Mitsubishi Chemical Corporation
Headquarters: Tokyo, Japan
Mitsubishi Chemical Corporation focuses on chemicals, performance materials, and medical supplies. It provides services to a variety of industries, such as medicine, electronics, packaging, and automobiles. The company creates high-performance resins, polymers, and environmentally friendly solutions with an emphasis on innovation, sustainability, and cutting-edge technologies. Mitsubishi Chemical is dedicated to solving environmental issues by lowering carbon emissions, promoting energy efficiency, and implementing circular economy principles. With a significant global footprint, it provides specialised goods and services that improve sustainability, safety, and functionality in a range of applications.
5. LyondellBasell Industries Holdings B.V.
Headquarters: Rotterdam, Netherlands
LyondellBasell Industries Holdings B.V. is a world leader in the manufacturing of sophisticated polymers and chemicals. The business specialises in producing polyethylene, polypropylene, and other resins for usage in consumer products, automotive, packaging, and construction. LyondellBasell, which is renowned for its inventiveness and operational competence, places a strong emphasis on sustainability by implementing recycling technology and circular economy programs. With a significant global presence, it provides customers all over the world with high-quality, reasonably priced solutions that enhance product performance and lessen environmental impact, helping them to satisfy changing market and regulatory requirements.
Are you ready to discover more about the Packaging Resins market?
The report provides an in-depth analysis of the leading companies operating in the global packaging resins market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Reliance Industries Limited
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Borealis AG.
- BASF SE
- Mitsubishi Chemical Corporation
- LyondellBasell Industries Holdings B.V.
- Braskem
- INEOS
- China Petrochemical Corporation
- SABIC
- Exxon Mobil Corporation
- Others
Conclusion
The Market Size for Packaging Resins is expanding steadily due to the growing need for sustainable, long-lasting, and lightweight packaging solutions across a range of industries. Adoption is accelerating because of advancements in recyclable and bio-based resins, growing e-commerce, and developing markets. Packaging resins will continue to be essential for contemporary packaging needs globally, due to technology breakthroughs, circular economy initiatives, and strategic partnerships, even in the face of environmental problems and regulatory restrictions.
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