Technavio Announces the Publication of its Research Report Global Polyethylene Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the global polyethylene packaging market: Amcor, Bemis, Berry Plastics, Sealed Air, and Sonoco
Other Prominent Vendors in the market are: Constantia Flexibles, Coveris, Daibochi Plastic, DS Smith, Flextrus, Graham Packaging, Greiner Packaging, Huhtamaki, LINPAC Group, Man Luen, Nampak Plastics, Printpack, Resilux, Rexam, Reynolds Group, RPC Group, Serioplast, Silgan, Winpak, and Wipak
Browse full report with TOC @ https://marketreportscenter.com/reports/477168/global-polyethylene-packaging-market-2016-2020
Commenting on the report, an analyst from Technavios team said: One of the major trends that has a high probability of impacting the growth of the global polyethylene packaging market is the emergence of biodegradable plastics. Biodegradable plastics are plastics that are easily decomposed by microorganisms, thereby reducing the toxic effect they have on the environment compared to conventional plastics. They are not completely made from renewable materials but are made from petrochemicals with biodegradable additives. The adoption of these materials, such as polyvinyl alcohol, polyanhydrides, and polylactic acid, by plastic packaging manufacturers will increase their market shares. With stringent environmental compliance regulation worldwide, the vendors are more likely to use biodegradable plastics as substitutes to avoid paying hefty penalties. For example, the UAE has imposed a ban on disposable plastic products, except those that are made from oxo-biodegradable plastics. The global bio-based PET market is growing at a CAGR of close to 7% for the period 2015-2020. This will drive the growth of the market during the forecast period.
According to the report, the demand for HDPE bottles is the main driver of the polyethylene packaging market. The share of HDPE bottles in this market is the highest, and the increasing demand for packaged bottled products such as milk, juices, and water will drive the market during the forecast period. The beverage industry accounts for more than 60% of the global polyethylene packaging market. During the forecast period, the demand from different segments of the beverage industry such as milk, juices, and water will be the key driver of the market. Bottled water sales grew by more than 6% from 2014 to 2015. The share of bottled water in the beverage market was 18% in 2015; in 2009, it was 14%. However, the demand from the carbonated soft drinks (CSD) segment declined slightly. Packaged water consumption was at more than 230 billion liters, while CSD consumption was at 220 billion liters in 2015.
Further, the report states that China is the biggest importer of rHDPE, accounting for 60% of the global rHDPE imports. The major trading partners of China are the US and the UK. Two-thirds of the UK’s rHDPE was exported to China in 2015. In 2013, China introduced Operation Green Fence (OGF), which resulted in the formation of strict rules regarding the quality of imported recycled products. This law adversely affected rHDPE imports to China, reducing them by 9% in 2013 and further by 12% in 2015. In 2015, recycled plastic exports to China from the UK fell to 65% of the amount exported in 2008-2009.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/477168
About Polyethylene Packaging
Plastics are preferred over other forms of packaging because of their physical and chemical properties. They have certain inherent properties that make them ideal packaging materials. They are tough, durable, light in weight, easy to transport, and are not brittle like glass. Their cost per unit of production is low and they have a wide variety of applications. Plastic packaging even aids companies in marketing and advertising campaigns by allowing innovative and attractive designs. One of the factors driving the growth of this market is the growing pharmaceuticals and healthcare sectors, which have witnessed an increase in demand for plastic packaging products.
Technavios analysts forecast the global polyethylene packaging market to grow at a CAGR of 5.03% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyethylene packaging market for 2016-2020. To calculate the market size, the report considers the the volume of polyethylene used in the packaging sector by vendors for the following end-users:
Consumer goods industry
Other industries (chemical, construction, and others)
The market is divided into the following segments based on geography:
Technavio’s report, Global Polyethylene Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
To Get Discount On The Report @ https://marketreportscenter.com/request-discount/477168
Connect for more details:
Market Reports Center