Future Market Insights
Global Polyvinyl chloride (PVC) Packaging Films - Market Introduction:
Flexible packaging is leading the packaging trends as it not only provides protection to the product but also offers convenience to the consumers along with positively impacting the environment. Packaging films find their applicability across a vast range of end user domains, such as they are used as films for wrapping food items, used for blister packaging of tablets etc. PVC packaging films are garnering more attention mainly due to their flexibility as they are being used in both rigid as well as flexible packaging. PVC packaging films are light weight and shatter resistant and have high clarity which enhances the brand visibility of the product, thus serving the marketing purpose of the manufacturers. Moreover, since they occupy less space, they also significantly reduce the transportation, shipping and warehousing costs involved.
Global Polyvinyl chloride (PVC) Packaging Films - Market Dynamics:
PVC packaging films act as an alternative to the rigid packaging, thus offering flexibility to both the manufacturer as well as the end user. Growth in the retail sector and surge in the hypermarket and supermarket format is also fuelling the demand of the global PVC packaging films market. Rising consumer preference for packaged food is also one of the prime factor driving the growth of the global PVC packaging films market. PVC packaging films are priced higher as compared to all other counterparts, which is why it is less preferred by the end users. Customization of the PVC packaging films according to the needs of the end user is expected to create ample opportunities for growth for the global PVC packaging films market. Printing on the PVC packaging films to offer more brand visibility to the end user is expected to create growth opportunities for the global PVC packaging films market. In addition, increased adoption of smart and intelligent packaging solutions, such as Modified Atmosphere Packaging (MAP), and Vacuum Skin Packaging (VSP), is expected to drive the growth of PVC packaging films. Increased need for convenience packaging and adoption of on-the-go lifestyle is expected to fuel the global flexible packaging market, creating more opportunities for the global PVC packaging films market.
Global Polyvinyl chloride (PVC) Packaging Films - Market Segmentation:
The global PVC packaging films market is segmented on the basis of product type, end use, and geography.
On the basis of product type, the global PVC packaging films market is segmented into
On the basis of end use, the global PVC packaging films market is segmented into
Global Polyvinyl chloride (PVC) Packaging Films Market - Regional Outlook:
On the basis of geography, the global PVC packaging films market is segmented into Latin America, North America, Europe, Middle East & Africa, and Asia Pacific. North America is dominating the global PVC packaging films market due to high demand from the food & beverages end use sector. PVC packaging films are being extensively used for food packaging as they are semipermeable and are puncture resistant. Asia Pacific PVC packaging films market is expected to witness steady growth over the forecast period mainly due to an increasing demand from economies such as India and China for flexible packaging as well as growing food & beverage sector in the region. Europe PVC packaging films market is expected to exhibit moderate growth due to its slow growth in the labor productivity and a low market integration across the European countries.
Global Polyvinyl chloride (PVC) Packaging Films Market - Key players:
Few of the key players operating in the global PVC packaging films market are Amcor Limited, Sealed Air Corporation, Bemis Company, Inc., IPG Pty Ltd., Caprihans India Limited, ERGIS Group Companies, Allen Plastic Industries Co., Ltd., ACG Worldwide, E. I. du Pont de Nemours and Company, etc.
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