Market Size of Russia Plastic Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.43 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Russia Plastic Packaging Market Analysis
The Russian plastic packaging market registered a CAGR of 1.43% over the forecast period. Consumers have shown an increasing inclination toward plastic packaging compared to other packaging products, as plastic packages are lightweight and easier to handle. Similarly, even the big manufacturers prefer plastic packaging solutions because of their lower cost of production.
- The introduction of polyethylene terephthalate (PET) and high-density polyethylene (HDPE) polymers has expanded plastic packaging applications in the liquid packaging segment. High-density polyethylene plastic bottles are popular packaging choices for milk and fresh juice products.
- The rise in the working women population in the country is increasing the overall demand for packaged food as these consumers also contribute to significant spending power and a busy lifestyle.
- The stringent regulations on plastic use can hinder the market's growth. The availability of substitutes in the market can also impact market growth. However, with increasing awareness about health concerns and the prevention of waterborne diseases, consumers are continuously purchasing packaged water. With the increased sales of bottled drinking water, the demand for plastic packaging is rising, driving the market.
- Since the start of the COVID-19 pandemic, consumers and businesses have had to alter how they view packaging health and safety. Since the early days of the pandemic, single-use plastic has been gaining importance because consumers were concerned that reusable packaging would increase the risk of transmission.
- However, as per Vanden Recycling Ltd, there has been no reduction in demand for PET and HDPE for use in plastic bottles. Other polymers are also for other plastic packing applications.
- Further, the current war between Russia and Ukraine is impacting the country's plastic packaging market as many production units have halted production.
Russia Plastic Packaging Industry Segmentation
The market for plastic packaging in Russia is segmented by type (rigid and flexible), industry (food, beverage, healthcare, retail, manufacturing, and other industries), and product (bottles, cans, jars, pouches, and other products). The market sizes and forecasts are provided in terms of value (in USD million) for all the above segments.
| By Type of Plastic | |
| Rigid Plastic | |
| Flexible Plastic |
| By Industry | |
| Food | |
| Beverage | |
| Healthcare | |
| Retail | |
| Manufacturing | |
| Other Industries |
| By Products | |
| Bottles | |
| Cans | |
| Jars | |
| Pouches | |
| Other Products |
Russia Plastic Packaging Market Size Summary
The Russian plastic packaging market is experiencing a moderate growth trajectory, driven by the increasing preference for plastic packaging due to its lightweight and cost-effective nature. The adoption of polymers like polyethylene terephthalate (PET) and high-density polyethylene (HDPE) has broadened the application of plastic packaging, particularly in the liquid packaging sector. The demand for packaged food is rising, fueled by the growing population of working women with significant spending power and busy lifestyles. However, the market faces challenges from stringent regulations on plastic use and the availability of substitutes. Despite these challenges, the demand for plastic packaging is bolstered by the continuous purchase of packaged water, driven by health concerns and the prevention of waterborne diseases. The COVID-19 pandemic has further emphasized the importance of single-use plastics for health and safety, although the ongoing conflict between Russia and Ukraine has disrupted production in some areas.
The demand for flexible plastic packaging has surged, particularly in the food, beverage, and pharmaceutical sectors, as consumers engage in panic buying and bulk stocking due to lockdown fears. The Russian government has urged the food industry to increase production to prevent supply shortages, while the pharmaceutical industry continues to see strong demand for packaging solutions. The rise in online food delivery and the expansion of online trade have further fueled the need for plastic packaging, with grocery sales and online food retail contributing significantly to market revenues. Despite economic challenges, the primary consumer industries have maintained production levels, making Russia an attractive market for packaging. The market is moderately competitive, with major players like Alpla, AMCOR Limited, and Berry Plastics Corporation operating within it. However, geopolitical tensions and rising raw material costs due to the war have prompted some companies to reassess their operations in the region.
Russia Plastic Packaging Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Industry Value Chain Analysis
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1.2 Industry Attractiveness - Porter's 5 Force Analysis
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1.3 Industry Policies
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1.4
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2. MARKET SEGMENTATION
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2.1 By Type of Plastic
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2.1.1 Rigid Plastic
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2.1.2 Flexible Plastic
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2.2 By Industry
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2.2.1 Food
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2.2.2 Beverage
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2.2.3 Healthcare
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2.2.4 Retail
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2.2.5 Manufacturing
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2.2.6 Other Industries
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2.3 By Products
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2.3.1 Bottles
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2.3.2 Cans
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2.3.3 Jars
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2.3.4 Pouches
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2.3.5 Other Products
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Russia Plastic Packaging Market Size FAQs
What is the current Russia Plastic Packaging Market size?
The Russia Plastic Packaging Market is projected to register a CAGR of 1.43% during the forecast period (2024-2029)
Who are the key players in Russia Plastic Packaging Market?
Amcor PLC, Mondi PLC, Bemis Company Inc, Winpak Ltd and Berry Global Inc are the major companies operating in the Russia Plastic Packaging Market.
