As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global PVC-FREE PACKAGING market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales PVC-FREE PACKAGING in the coming 10-years.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments on the basis of (segment 1), (segment 2), and (segment 3).
Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for PVC-FREE PACKAGING
With rising environmental concerns and the implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, the introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, the emergence of intelligent packaging with the integration of artificial intelligence (AI), the internet of things (IoT), and data science have improved the demand for the PVC-FREE PACKAGING market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling sales.
Key PVC-FREE PACKAGING Market Takeaways and Projections
- The U.S. is expected to lead the North America PVC-FREE PACKAGING market, projecting the fastest growth in the region between 2018 and 2028
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing a significant revenue share in the region through 2028.
Report Benefits & Key Questions Answered
- PVC-FREE PACKAGING Historical Market Analysis: The detailed survey by FMI, examines key factors in the PVC-FREE PACKAGING market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the PVC-FREE PACKAGING market for the forecast period 2018-2028.
- PVC-FREE PACKAGING Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for PVC-FREE PACKAGING for the assessment period. As per the study, the demand for PVC-FREE PACKAGING will grow at a robust CAGR between 2018 and 2028.
- PVC-FREE PACKAGING Market Trend Analysis: The latest study by FMI on the PVC-FREE PACKAGING market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of PVC-FREE PACKAGING market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Global PVC-free packaging market: Research methodology
A robust methodology was adopted to arrive at the market size for PVC-free packaging. Both supply-side and demand-side analysis were performed for the same.
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Supply-side analysis
Revenues of key manufacturers of PVC-free packaging were tracked, along with the segmental revenue generated from the sales of PVC-free packaging. The sources cited for the same include the companies’ annual reports and form-10Ks, along with paid databases.
Demand-side analysis
To arrive at the market size for PVC-free packaging, a number of primary interviews were conducted with industry experts, including C-level executives, sales & marketing heads, and independent consultants, to estimate the demand for PVC-free packaging, as well as the market scenario. The market size for PVC-free packaging was then validated through bottom-up analysis.
Global PVC-free packaging market: Key players
Some of the key players operating in the global PVC-free packaging market are –
- Crown Holdings, Inc.
- Amcor Limited
- Sacmi Group
- Tekni-Plex, Inc.
- Constantia Flexibles Group GmbH
- Selig Group
- Technovinyl Polymers India Ltd.
- World Bottling Cap, LLC
- Danbury Plastics
- Manufacture Générale de Joints SAS
- Mexichem Specialty Compounds Inc.
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PVC-free packaging: Significance
PVC has a high chlorine content which releases toxins, and makes its way up the food chain from animals’ fat. PVC exposure causes exposure to phthalates, which is harmful for human health. As a result, many packaging manufacturers are stressing the production of PVC-free packaging formats.
PVC-free packaging: Key developments and trends
Demand for environment friendly packaging has generated more demand for packaging solutions which are PVC-free
- In May 2017, Crown Holdings, Inc. launched a metal closure technology featuring a PVC-compound. The new metal closures are suitable for a wide range of pasteurized and sterilized products such as cooked vegetables. The closures are available with optional features such as spot gloss, gloss, metallic, matte, and embossed. These PVC-free closures are expected to be adopted by many food giants in the future, due to their sustainability.
- In April 2017, Evonik Industries AG, which is a Germany-based specialty chemicals developer developed a new generation of heat seal binders for PVC-free packaging, with dairy as the main application area.
The road ahead
PVC-free packaging products are expected to gain prominence in the packaging industry, as government organizations in various countries implement stringent rules and regulations against the use of PVC in packaging materials, as well as in other industries. The global push for a PVC-free future is expected to further strengthen sales and generate demand for PVC-free packaging solutions.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global PVC-free packaging market: Segmentation
On the basis of product type, the global PVC-free packaging market is segmented as –
- PVC-free Blisters
- PVC-free closures
- PVC-free Liners
- Others
*The pricing has been calculated on the basis of product type, wherein, the weighted average prices for product variants was calculated
On the basis of end use industry, the global PVC-free packaging market is segmented as –
- Food & Beverages
- Cooked vegetables
- Pasteurized products
- Others
- Pharmaceutical
- Cosmetics & Personal Care
- Homecare
- Chemical & Fertilizers
- Others
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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