The Future of Global Rigid Plastic Packaging to 2018 provides in-depth analysis of rigid plastic packaging industry trends and forecasts to 2018 broken down by material, end-use sector, packaging product and production process. Based on extensive primary research, this completely updated report includes volume and value forecasts by geographic market, and detailed analysis for 14 major countries.
According to the market report, the rigid plastic packaging industry has developed largely at the expense of traditional pack types such as glass bottles and jars, liquid cartons and metal cans. Rigid plastic packaging is often favoured over traditional pack types for a combination of properties, including lighter weight, lower comparative cost, design flexibility and the ease of recycling.
Public pressure is mounting towards brand owners and retailers to reduce the environmental impact of the plastic packaging market. In response, packagers are reducing the weight and using materials that are either biodegradable or derived from sustainable sources. Technology, economic, social and demographic influences all play key roles in growth markets. Developments such as better barrier solutions, improved resin formulations, faster and more efficient processing machinery and solutions for hot-filling and aseptic filling of plastic packaging are driving consumption.
While opportunities still exist for the further adoption of rigid plastic packaging at the expense of traditional pack types, key application areas such as carbonated soft drinks and mineral water, have reached market saturation in developed markets. Light-weighting and the growing uptake of recycled plastics will also restrain consumption of virgin polymer. The rigid plastic packaging market faces growing competition from the flexible plastic packaging industry, and in particular flexible stand-up pouch packaging in various food and beverage applications.
PET has overtaken PE as the leading polymer for rigid packaging overall accounting for a projected share of just over one-third of world rigid plastic packaging market consumption in 2013. While PE is losing market share, PET and PP are continuing to gain share. PVC is now only a minor polymer for rigid plastic packaging, and both PS, and more particularly EPS, have also lost ground to PP. Other polymers, most notable including bioplastics, and barrier polymers such as EVOH, are also gaining market share.
Growth will be lower than the global market average rate in the more mature regional markets of Western Europe and North America over the 5 years included in the forecast. However, this will be offset by forecasted higher growth in the less developed markets of Eastern Europe, South & Central America and the Middle East & Africa. Asia is also projected to grow sales at higher than the global average rate with China and India growing demand at double-digit rates.
The Future of Global Rigid Plastic Packaging to 2018 is essential reading for anyone working in packaging, plastics or related industries. It is available from Smithers Pira for £3950 /$6300. For more information, please contact: Bill Allen (EU + Asia) T: +44 (0) 1372 802086