PVC Packaging Market Segmented by 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 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.
PVC Packaging Materials Market
On the basis of application, the PVC packaging materials market is segmented into:
Rigid
Flexible
Others
On the basis of end-use industry, the PVC packaging materials market is segmented into:
Food & Beverages
Industrial
Personal Care
Medical
Others
On the basis of region, the PVC packaging materials market is segmented into:
1.North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East
6. Africa
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U.S.
Canada
U.K.
Germany
Italy
France
Russia
Spain
Rest of Europe
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Brazil
Mexico
Argentina
Rest of Latin America
GCC Countries
Israel
Rest of Middle East
Northern Africa
Central Africa
South Africa
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