Plastic Packaging Industry: A Global Outlook
San Jose, CA (PRWEB) September 8, 2008
Technological advancements including hot-fill packaging, aseptic filling, customized containers, and biodegradable plastics caused steady growth in the plastic packaging sector. Plastics have increasingly replaced traditional materials such as paper and glass in conventional applications based on their cost benefits, superior functionality, convenience, barrier resistance, and aesthetic appeal. In rigid packaging, polyethylene terephthalate (PET) has replaced aluminum cans and glass in bottles for carbonated drinks.
Major polymers used in plastic packaging include polypropylene, polyethylene, in addition to polystyrene, polyvinyl chloride (PVC) and polyethylene terephthalate (PET). Food and beverages is the largest market for plastic packaging materials. Market for plastic food and beverage packaging is primarily stimulated by rising disposable personal income, an expanding population base, smaller household sizes and increasing consumption of convenience-oriented foods. Strong advances are also anticipated in food markets based on rapid growth in pre-packed food, fresh produce and prepared foods packaging.
Plastics will sustain dominance in the pharmaceutical end use market based on breadth of applications, ease of use, cost effectiveness, versatility, and favorable barrier and aesthetic properties. Further, increase in technological advancements resulted in the greater use of sterile plastic packaging for medical devices and pharmaceutical products, and polyethylene lining in bulk containers for packaging non-hazardous, semi-liquid, and frozen materials.
Plastic films will continue to make inroads in food packaging, shrink-wrap, stretch-wrap, carrier bags, bin bags, and heavy-duty sacks, and agriculture and building applications. Plastic films will increase their market share at the expense of rigid and semi-rigid containers because of storage, production, distribution, and environmental advantages. New developments in high-performance films including heat resistant, superior tensile strength and high barrier plastics, which can supplant metals and glass in other packaging applications, will remain a key component of future industry growth.
Policies concerning the environment and stricter government regulations to minimize the use of non-biodegradable materials will potentially moderate growth for worldwide plastic packaging industry. Efforts to reduce the amount of solid waste resources and pollution can further restrain growth of plastic packaging materials. However, plastic recycling to some extent has abated the effects of environmentalist attacks on plastic packaging and services.
The report titled "Plastic Packaging Industry: A Global Outlook", published by Global Industry Analysts Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The research paper provides a brief overview of the global plastic packaging industry, enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and provides a prelude to major markets. Also provided are unbiased commentaries, and opinions on the industry's outlook, and discussions of key trends/environmental issues. The research paper also offers brief and synopsized research reviews of the plastic packaging landscape in regional markets such as the US, Japan, France, and Germany, among others. Also included is a directory listing of addresses, and contact details of 1,795 companies worldwide.
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