Grenada Packaging Resins Market (2025-2031) | Revenue, Trends, Growth, Forecast, Share, Value, Size, Industry, Segmentation, Companies, Analysis & Outlook

Market Forecast By Type (LDPE, PP, HDPE, PET, PS, PVC), By Application (Food & Beverage, Consumer Goods, Healthcare, Industrial) And Competitive Landscape
Product Code: ETC5729394 Publication Date: Nov 2023 Updated Date: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Sumit Sagar No. of Pages: 60 No. of Figures: 30 No. of Tables: 5

Grenada Packaging Resins Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Grenada continued to see a high concentration of packaging resins imports, with China, USA, South Africa, UK, and Areas, nes being the top exporting countries. Despite a remarkable compound annual growth rate (CAGR) of 98.66% from 2020 to 2024, the negative growth rate of -31.09% in 2024 raises concerns. The high Herfindahl-Hirschman Index (HHI) indicates a heavily concentrated market. Stakeholders should closely monitor market dynamics and explore strategies to sustain growth and mitigate risks in the packaging resins import sector in Grenada.

Grenada Packaging Resins Market Overview

The packaging resins market in Grenada includes materials like polyethylene, polypropylene, and PET used in the production of bottles, containers, and other packaging products. The market is growing due to the increasing demand for sustainable packaging solutions and the rise of e-commerce, which requires efficient and cost-effective packaging options.

Drivers of the market

The Packaging Resins market in Grenada is driven by the increasing demand for durable and lightweight packaging materials. The growth of the food and beverage, healthcare, and e-commerce sectors supports market adoption. Innovations in sustainable and recyclable resins further boost market prospects.

Challenges of the market

The Grenada packaging resins market encounters challenges linked to the high cost of resin materials, which are largely imported, thus exposing the market to global price fluctuations. There is also limited local production of packaging materials, which results in dependency on international suppliers. Moreover, businesses face difficulty in meeting increasingly stringent environmental regulations regarding plastic packaging waste, leading to higher compliance costs. Furthermore, consumer demand for sustainable packaging solutions is growing, but finding eco-friendly alternatives to traditional packaging resins is still an evolving challenge.

Government Policy of the market

The packaging resins market in Grenada is supported by government policies aimed at promoting the use of sustainable and recyclable materials in packaging. The government provides incentives to businesses that invest in eco-friendly resin production and encourages the use of biodegradable or recyclable resins in packaging solutions. Additionally, regulations ensure that packaging resins meet international standards for safety and environmental impact, helping to reduce the carbon footprint of the packaging industry. The government also works to strengthen Grenada’s recycling infrastructure to support the circular economy.

Key Highlights of the Report:

  • Grenada Packaging Resins Market Outlook
  • Market Size of Grenada Packaging Resins Market, 2024
  • Forecast of Grenada Packaging Resins Market, 2031
  • Historical Data and Forecast of Grenada Packaging Resins Revenues & Volume for the Period 2021-2031
  • Grenada Packaging Resins Market Trend Evolution
  • Grenada Packaging Resins Market Drivers and Challenges
  • Grenada Packaging Resins Price Trends
  • Grenada Packaging Resins Porter`s Five Forces
  • Grenada Packaging Resins Industry Life Cycle
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By LDPE for the Period 2021-2031
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By PP for the Period 2021-2031
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By HDPE for the Period 2021-2031
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By PET for the Period 2021-2031
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By PS for the Period 2021-2031
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By PVC for the Period 2021-2031
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By Food & Beverage for the Period 2021-2031
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By Consumer Goods for the Period 2021-2031
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By Healthcare for the Period 2021-2031
  • Historical Data and Forecast of Grenada Packaging Resins Market Revenues & Volume By Industrial for the Period 2021-2031
  • Grenada Packaging Resins Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Grenada Packaging Resins Top Companies Market Share
  • Grenada Packaging Resins Competitive Benchmarking By Technical and Operational Parameters
  • Grenada Packaging Resins Company Profiles
  • Grenada Packaging Resins Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Grenada Packaging Resins Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Grenada Packaging Resins Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Grenada Packaging Resins Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Packaging Resins Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Packaging Resins Market - Industry Life Cycle

3.4 Grenada Packaging Resins Market - Porter's Five Forces

3.5 Grenada Packaging Resins Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Grenada Packaging Resins Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Grenada Packaging Resins Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for sustainable packaging solutions

4.2.2 Growth in the food and beverage industry

4.2.3 Technological advancements in packaging materials and processes

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials

4.3.2 Stringent regulations on plastics and packaging waste management

5 Grenada Packaging Resins Market Trends

6 Grenada Packaging Resins Market Segmentations

6.1 Grenada Packaging Resins Market, By Type

6.1.1 Overview and Analysis

6.1.2 Grenada Packaging Resins Market Revenues & Volume, By LDPE, 2021-2031F

6.1.3 Grenada Packaging Resins Market Revenues & Volume, By PP, 2021-2031F

6.1.4 Grenada Packaging Resins Market Revenues & Volume, By HDPE, 2021-2031F

6.1.5 Grenada Packaging Resins Market Revenues & Volume, By PET, 2021-2031F

6.1.6 Grenada Packaging Resins Market Revenues & Volume, By PS, 2021-2031F

6.1.7 Grenada Packaging Resins Market Revenues & Volume, By PVC, 2021-2031F

6.2 Grenada Packaging Resins Market, By Application

6.2.1 Overview and Analysis

6.2.2 Grenada Packaging Resins Market Revenues & Volume, By Food & Beverage, 2021-2031F

6.2.3 Grenada Packaging Resins Market Revenues & Volume, By Consumer Goods, 2021-2031F

6.2.4 Grenada Packaging Resins Market Revenues & Volume, By Healthcare, 2021-2031F

6.2.5 Grenada Packaging Resins Market Revenues & Volume, By Industrial, 2021-2031F

7 Grenada Packaging Resins Market Import-Export Trade Statistics

7.1 Grenada Packaging Resins Market Export to Major Countries

7.2 Grenada Packaging Resins Market Imports from Major Countries

8 Grenada Packaging Resins Market Key Performance Indicators

8.1 Percentage of recyclable materials used in packaging

8.2 Adoption rate of bio-based packaging resins

8.3 Investment in research and development for eco-friendly packaging solutions

9 Grenada Packaging Resins Market - Opportunity Assessment

9.1 Grenada Packaging Resins Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Grenada Packaging Resins Market Opportunity Assessment, By Application, 2021 & 2031F

10 Grenada Packaging Resins Market - Competitive Landscape

10.1 Grenada Packaging Resins Market Revenue Share, By Companies, 2024

10.2 Grenada Packaging Resins Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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