PVC Packaging Materials Market

PVC Packaging Materials Market – Size, Share, Outlook, and Opportunity
Analysis, 2018 - 2025
Polyvinyl chloride (PVC) packaging material is used in various end-use industries such as
personal care, food and beverages, medical, and others, owing to its properties such as light
weight, good impact strength, resistance to oil, grease and chemicals, and others. The high
versatility of plastic enables in reuse and recycling.
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Market Dynamics:
PVC packaging requires less fuel to produce as compared to that of other packaging materials
such as metal and glass. According to Plastics Europe, the energy required for PET (polyethylene
terephthalate) and HDPE (high density polyethylene) was 82.7 GJ (gigajoule) per ton and 76.7
GJ per ton whereas, for PVC was 56.7 GJ per ton. Furthermore, it also protects against
contamination by helping to prevent the spread of germs during manufacturing and distribution.
These factors are propelling the PVC packaging materials market growth.
Growing demand from processed food is also expected to drive growth of PVC packaging
market. This is owing to high use of PVC packaging in processed foods, due to its
aforementioned properties. According to U.S. Department of Agriculture, Foreign Agricultural
Service, in Germany, the processed food and drinks market was valued at US$ 190 billion in
2016 and the food industry represented the third-largest processing industry in Germany.
However, use of PVC packaging has been restricted in various countries such as Spain, Canada,
Czech Republic, and South Korea, owing to health risk associated with the use of it. This is
expected to hinder growth of PVC packaging materials market. According to Legislative
Council, State of California, the California Assembly passed bill no. AB 1329, which prohibits a
retail establishment from selling, distributing or importing a flexible or rigid polyvinyl chloride
packaging container.
Market Trends:
Among end-use industry, the food and beverages segment is expected to witness a significant
growth in the near future, owing to increasing growth of this industry. According to U.S. Census
Bureau, in the U.S., the total food sales in 2016 was US$ 1,594.06 billion. Furthermore,
increasing consumer spending on food and drink results in growth of this segment. According to
Department for Environment Food & Rural Affairs, the total consumer expenditure on food,
drink and catering increased by 0.9% in 2014 to US$ 231.10 billion.
The rigid packaging application segment is expected to show a significant growth in the global
PVC packaging materials market over the forecast period. According to Coherent Market
Insights’ analysis, the global rigid packaging market was valued at US$ 529.97 billion in 2016
and is expected to exhibit a CAGR of 4.05% during the forecast period (2017-2025).
Key manufacturers are focusing on launching new products and plant expansion to expand their
product portfolio and to cater to increasing consumer demand. For instance, in February 2018,
Westlake Chemical Corp. announced plans to expand their Geismar polyvinyl chloride plant to
boost its annual volume of PVC products.
Market Outlook:
Europe holds a significant position in the global PVC packaging materials market growth, owing
to growing personal care and cosmetics industry in the region. This is owing to increasing use of
PVC in packaging of cosmetic products as these are resistant to oil, grease, and chemicals.
According to Cosmetic Europe, cosmetics and personal care industry in Europe was valued at
US$ 94.13 billion in 2015 with Germany (US$ 15.89 billion) positioned as the largest market,
followed by the U.K. (US$ 14.06 billion), France (US$ 13.94 billion), and Italy (US$ 12.10
billion), respectively.
Asia Pacific is expected to be the fastest growing region in global PVC packaging materials
market over the forecast period. Increasing demand for PVC packaging products in
pharmaceutical industry in China and India is one of the factors fueling growth of PVC
packaging materials market. According to India Brand Equity Foundation (IBEF), the
pharmaceutical industry in India accounted for 2.4% of the global pharmaceutical industry and is
expected to expand at a CAGR of 12.89% during 2015 – 2020.
Furthermore, increasing consumer preferences for packaged goods coupled with growing retail
industry is expected to significantly affect growth of the market in the forecast period. For
instance, India Brand Equity Foundation (IBEF), Government of India, the retail market is
expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015.
Key Players:
Some of the leading players operating in the global PVC packaging materials market are
Reliance Industries Limited, Palram Industries Ltd., Bilcare Singapore Pte Limited, Jinhua
Zhong Bang packaging materials Co., Ltd. and Teknor Apex Company, Inc.
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The research report on PVC Packaging Materials Market is segmented by Application, End-use Industry – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018 - 2025

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