Plastic packaging is
used in the packaging of food and beverages (F&B), medical, chemicals, and
consumer products. Plastic bottles and containers are non-corrosive, light,
relatively inexpensive, and can be molded into a variety of shapes and
dimensions, making it highly applicable 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. Plastic packaging is also preferred by
customers in the F&B sector because its attractiveness aids in promotions.
Analysts forecast the
Global Plastic
Packaging market will grow at a
CAGR of 5.49 percent over the period 2013-2018.
The report
recognizes the following companies as the key players in the Global Plastic
Packaging Market: Amcor Ltd., Berry Plastics Corp., Bemis Company Inc., Sealed
Air Corporation and Sonoco Products Company.
Other Prominent
Vendors in the market are: AEP Industries, ALPLA-Werke, APPE, Britton Group,
Daibochi Plastic, DS Smith, LINPAC Group, Man Luen, Printpack, Rexam, Reynolds
Group, RPC Group and Silgan.
Advances in
technology in the market are fuelling the market growth. Development of high
grade plastics through the implementation of cutting-edge technology to suit the
needs of B2B customers is taking precedence. Corporations are investing a huge
chunk of revenues 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.
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Covered in this Report
The Global Plastic
Packaging market can be divided into two broad segments based on the type of
end product: Rigid Plastic Packaging and Flexible Plastic Packaging. The Global
Plastic Packaging market landscape is highly fragmented with the presence of
many MSME vendors globally.
Global Plastic
Packaging Market 2014-2018, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers Europe, the APAC
region, the Americas, and the ROW; it also covers the Global Plastic Packaging
market landscape and its growth prospects in the coming years. The report also
includes a discussion of the key vendors operating in this market.
According to the
report, one of the main factors affecting the market positively is the increase
in the amount of F&B consumption worldwide. Most F&B products use
either flexible or rigid plastics for packaging as they are non-reactive and
cheap. Increase in spending power coupled with people's growing requirements
has pushed the growth of the F&B market.
Further, the report
states that one of the main challenges that the market faces is the growing
competition from other forms of packaging. Items such as wood and paper are
gaining popularity among both manufacturers and customers because of the variety
of options provided by them.
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