Global Plastic Packaging Market 2015-2019
About Plastic Packaging
Plastic packaging is used for packaging F&B, pharmaceuticals, chemicals, and other consumer products. Plastic bottles and containers are non-corrosive, light, and relatively cheap. Also, plastic can be molded into a variety of shapes and dimensions, making it highly suitable for packaging. Its inert nature and ability to preserve products for a long period of time makes it a popular choice in the F&B industry, where plastic packaging helps in the promotion of products; to make them appealing for customers.
TechNavio's analysts forecast the Global Plastic Packaging market to grow at a CAGR of 6.06 percent over the period 2014-2019.
Covered in this Report
This report gives an overview of the Global Plastic Packaging market for the period 2015-2019. To provide a ranking of the leading vendors in the market, the report considers the revenue generated by the vendors in the Global Plastic Packaging market. The report also provide data on the different segments of the Global Plastic Packaging market, where the market is segmented on the basis of type of plastic packaging products and geography.Also, the report considers two major segments of plastic packaging on the basis of the type of product. This is as follows:
Technavio Announces the Publication of its Research Report – Global Plastic Packaging Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Plastic Packaging Market: Amcor Ltd., Bemis Company Inc., Berry Plastics Corp., Sealed Air Corp. and Sonoco Products Co.
Other Prominent Vendors in the market are: AEP Industries, ALPLA-Werke, APPE, Bischof + Klein, Britton Group, Clondalkin Group, Consolidated Container, Constantia Flexibles, Coveris, Daibochi Plastic, DS Smith, Flextrus, Graham Packaging, Greiner Packaging, Huhtamaki, LINPAC Group, Man Luen, Nampak Plastics, Printpack, Resilux, Rexam, Reynolds Group, RPC Group, Serioplast, Silgan, Winpak and Wipak
Commenting on the report, an analyst from Technavio’s team said: “Technological improvements and advancements are one of the major trends being observed in this market Corporations are investing a huge portion of revenue in R&D to come up with new innovations in plastic packaging. Modern microprocessor-based controllers and intelligent control systems are used to make hi-tech plastic, which is resistant to extreme conditions of temperature and pressure.”
According to the report, one of the main factors affecting the market positively is the increase in F&B consumption worldwide. Most F&B products use either flexible or rigid plastics for packaging as they are non-reactive and cheap. Increased spending power coupled with the growing requirements of people has pushed the growth of the F&B market. Plastic packaging even aids companies in marketing and advertising campaigns by allowing innovative and attractive designs.
Further, the report states that one of the main challenges in the market is growing competition from other forms of packaging. Items such as wood and paper are gaining popularity among both manufacturers and consumers because of the variety of options provided by them. The F&B sector in particular, prefers using paper substitutes.
Amcor, Berry Plastics, Bemis Company, Sealed Air, Sonoco Products, AEP Industries, ALPLA-Werke, APPE, Bischof + Klein, Britton Group, Clondalkin Group, Consolidated Container, Constantia Flexibles, Coveris, Daibochi Plastic , DS Smit, Flextrus,Graham Packaging, Greiner Packaging, Huhtamaki, LINPAC Group, Man Luen, Nampak Plastics, Printpack, Resilux, Rexam, Reynolds Group, RPC Group, Serioplast, Silgan, Winpak, Wipak
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