Plastic Packaging Market in Europe 2015-2019
About Plastic Packaging
Plastic packaging is used in the packaging of F&B, pharmaceuticals, chemicals, and consumer products. Plastic bottles and containers are non-corrosive, light, relatively cheap, and can be molded into a variety of shapes and dimensions, making them highly suitable for packaging. Its inert nature and ability to preserve products longer makes it a popular choice in the F&B industry. Plastic packaging is also preferred by customers in the F&B sector because of its esthetic appeal.
TechNavio's analysts forecast the plastic packaging market in Europe to grow at a CAGR of 3.27 percent over the period 2014-2019.
Covered in this Report
The plastic packaging market is segmented into two based on product type: Rigid plastic packaging and flexible plastic packaging. The rigid plastic packaging segment accounts for larger share of the market. The end-users of the plastic packaging are spread across multiple industry verticals. The major end-users are the food and beverages, personal care, pharmaceuticals, and healthcare sectors.
TechNavio's report, Plastic Packaging Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the plastic packaging market landscape in Europe and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Plastic Packaging Market in Europe 2015-2019
Technavio recognizes the following companies as the key players in the plastic packaging market in Europe: ALPLA-Werke Alwin Lehner GmbH & Co. KG, Amcor Ltd., Coveris Holdings SA and Sealed Air Corp.
Other Prominent Vendors in the market are: AEP Industries, Anson Packaging, APPE, Aptar Group, Bemis Elsham Packaging, Britton Group, Constantia Flexibles, Daibochi Plastic, DS Smith, Huhtamaki, Klöckner Pentaplast, LINPAC Packaging, Mondi Group, Papier Mettler, Printpack, Resilux, Reynolds Group, Robinson Group, RPC Group, Silgan and Sipospack
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends set to emerge in the market during the forecast period is the growing consumer preference for flexible plastics over rigid plastic packaging material. Flexible plastic packaging materials are 80% lighter in weight than an equivalent rigid plastic material, and are also cheaper to manufacture.”
According to the report, one of the key factors that impacts the market positively is the demand from the pharmaceutical and healthcare sector. The growth of this sector is pushing the demand for plastic packaging for pharmaceuticals and medical devices.
Further, the report states that rising operational costs is one of the challenges faced by the market because of the volatile prices of raw materials and high energy costs. Costs also increase because of the expenses involved in the procurement of raw materials, difficulties in their supply, and rising energy costs affecting the production and recycling processes.
ALPLA-Werke Alwin Lehner GmbH & Co. KG, Amcor Ltd, Coveris Holdings SA, Sealed Air Corp, AEP Industries, Anson Packaging, APPE, Aptar Group, Bemis Elsham Packaging, Britton Group, Constantia Flexibles, Daibochi Plastic, DS Smith, Huhtamaki, Klöckner Pentaplast, LINPAC Packaging, Mondi Group, Papier Mettler, Printpack, Resilux, Reynolds Group, Robinson Group, RPC Group, Silgan, Sipospack