Today: October 22, 2018, 12:25 pm
  
Industries

PVC Packaging Materials Market – Opportunity Analysis by 2018 – 2025

PVC Packaging Materials Market
PVC Packaging Materials Market
PVC Packaging Materials Market, by Application (Rigid, Flexible, and Others) and by End-use Industry (Food & Beverages, Industrial, Personal Care, Medical, and Others) – Size, Share, Outlook, and Opportunity Analysis, 2018 - 2025

 

PR-Inside.com: 2018-07-12 13:36:41
Market Dynamics

PVC packaging requires less fuel to produce as compared to that of other packaging materials such as metal and glass. According to Plastics Europe, the energy required for PET (polyethylene terephthalate) and HDPE (high density polyethylene) was 82.7 GJ (gigajoule) per ton and 76.7 GJ per ton whereas, for PVC was 56.7 GJ per ton. Furthermore, it also protects against contamination by helping to prevent the spread of germs during manufacturing and distribution. These factors are propelling the PVC packaging materials market growth.


Growing demand from processed food is also expected to drive growth of PVC packaging market. This is owing to high use of PVC packaging in processed foods, due to its aforementioned properties. According to U.S. Department of Agriculture, Foreign Agricultural Service, in Germany, the processed food and drinks market was valued at US$ 190 billion in 2016 and the food industry represented the third-largest processing industry in Germany.

Download PDF Brochure @ www.coherentmarketinsights.com/insight/request-pdf/1923

However, use of PVC packaging has been restricted in various countries such as Spain, Canada, Czech Republic, and South Korea, owing to health risk associated with the use of it. This is expected to hinder growth of PVC packaging materials market. According to Legislative Council, State of California, the California Assembly passed bill no. AB 1329, which prohibits a retail establishment from selling, distributing or importing a flexible or rigid polyvinyl chloride packaging container.

Market Trends

Among end-use industry, the food and beverages segment is expected to witness a significant growth in the near future, owing to increasing growth of this industry. According to U.S. Census Bureau, in the U.S., the total food sales in 2016 was US$ 1,594.06 billion. Furthermore, increasing consumer spending on food and drink results in growth of this segment. According to Department for Environment Food & Rural Affairs, the total consumer expenditure on food, drink and catering increased by 0.9% in 2014 to US$ 231.10 billion.

The rigid packaging application segment is expected to show a significant growth in the global PVC packaging materials market over the forecast period. According to Coherent Market Insights’ analysis, the global rigid packaging market was valued at US$ 529.97 billion in 2016 and is expected to exhibit a CAGR of 4.05% during the forecast period (2017–2025).

Key manufacturers are focusing on launching new products and plant expansion to expand their product portfolio and to cater to increasing consumer demand. For instance, in February 2018, Westlake Chemical Corp. announced plans to expand their Geismar polyvinyl chloride plant to boost its annual volume of PVC products.

Market Outlook

Europe holds a significant position in the global PVC packaging materials market growth, owing to growing personal care and cosmetics industry in the region. This is owing to increasing use of PVC in packaging of cosmetic products as these are resistant to oil, grease, and chemicals. According to Cosmetic Europe, cosmetics and personal care industry in Europe was valued at US$ 94.13 billion in 2015 with Germany (US$ 15.89 billion) positioned as the largest market, followed by the U.K. (US$ 14.06 billion), France (US$ 13.94 billion), and Italy (US$ 12.10 billion), respectively.

Asia Pacific is expected to be the fastest growing region in global PVC packaging materials market over the forecast period. Increasing demand for PVC packaging products in pharmaceutical industry in China and India is one of the factors fueling growth of PVC packaging materials market. According to India Brand Equity Foundation (IBEF), the pharmaceutical industry in India accounted for 2.4% of the global pharmaceutical industry and is expected to expand at a CAGR of 12.89% during 2015–2020.

Furthermore, increasing consumer preferences for packaged goods coupled with growing retail industry is expected to significantly affect growth of the market in the forecast period. For instance, India Brand Equity Foundation (IBEF), Government of India, the retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015.

Key Players

Some of the leading players operating in the global PVC packaging materials market are Reliance Industries Limited, Palram Industries Ltd., Bilcare Singapore Pte Limited, Jinhua Zhong Bang packaging materials Co., Ltd. and Teknor Apex Company, Inc.

To know the latest trends and insights prevalent in this market, click the link below @ www.coherentmarketinsights.com/ongoing-insight/pvc-packaging-mat ..

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Press Information
Coherent Market Insights
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1–206–701–6702
Email:sales@coherentmarketinsights.com

Mr.Shah
CEO
Tel: +1-206-701-6702
email
www.coherentmarketinsights.com/ongoing-insight/pvc-packaging-mat ..


# 757 Words
Related Articles
More From The Author
Divalproex Sodium Market Competitive Landscape,Regional Insights
Increasing prevalence of bipolar disorders around the globe is propelling the divalproex sodium market growth. For instance, according [..]
Ceramic Decal Market –Opportunity Analysis by 2018 [..]
Ceramic decal is the transfer technique used to design or decorate stoneware, porcelain, and glass of various composition. It [..]
Propyl Chloroformate Market Outlook 2018 – 2025
Propyl chloroformate is a colorless lachrymator liquid with a pungent odor, which is also known as chloroformate n-propyl ester. [..]
Bio-absorbable Bone Screw Market Size Growth and [..]
Bone Screws are used to fix bony fragments. Bone screws are used in orthopedics for various purposes such as bone [..]
Carbide Tipped Needle Holder Market Growth and [..]
Carbide tipped needle holders are medical tools used in surgical procedures to hold surgical needles. These are designed to [..]
 
More From Industries
NEXT Future Transportation unveils its autonomous Parcel [..]
- Further reveals world's first Modular Mobile Parcel Locker SAN JOSE, CA, Sept 13, 2018 - (ACN Newswire) - NEXT [..]
Tarps Now Continues Rapid Growth with Expansion [..]
ST. JOSEPH, MICHIGAN, UNITED STATES -- Based upon rapid sales growth and best of breed customer service, Tarps Now® has [..]
Tarps Now Announces Expanded Offerings of Premium [..]
ST. JOSEPH, MICHIGAN, UNITED STATES -- Tarps Now® is pleased to announce the release of new lines of Mesh Tarps [..]
What Kind of Machinery Can Make the [..]
The question which pops up in our mind when we first hear the word Pocket Spring Mattress is; what are [..]
Automatic Mattress Pocket Spring Production Line
Most of us aren’t familiar with the name of Pocket Spring Mattresses, mainly because they are new in the market [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.