PVC Packaging Materials Market – Size, Share, Outlook, and Opportunity Analysis, 2018

PVC Packaging Materials Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 20182025

REPORT DESCRIPTION

PVC Packaging Materials Market:Overview Polyvinyl chloride (PVC) packaging material is used in various enduse industries such as personal care, food and beverages, medical, and others, owing to its properties such as light weight, good impact strength, resistance to oil, grease and chemicals, and others. The high versatility of plastic enables in reuse and recycling. 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 thirdlargest processing industry in Germany.

REPORT DESCRIPTION

PVC Packaging Materials 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. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/requestpdf/1923 © Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION

PVC Packaging Materials Market:Segmentation On the basis of application, the PVC packaging materials market is segmented into: Rigid Flexible ➢ Others On the basis of enduse industry, the PVC packaging materials market is segmented into: ➢ ➢

➢ ➢ ➢ ➢ ➢

Food & Beverages Industrial Personal Care Medical Others

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REPORT DESCRIPTION

PVC Packaging Materials Market:Key Players ➢

Reliance Industries Limited

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Palram Industries Ltd.

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Bilcare Singapore Pte Limited

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Jinhua Zhong Bang packaging materials Co.Ltd.

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Teknor Apex Company, Inc.

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