| 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 |
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.
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.
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.
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.
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 Grenadas recycling infrastructure to support the circular economy.
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 |