Rapid Growth of Food and Electronics Sectors to Drive Global PVC Packaging Materials Market


Published Date : Jul 31, 2017

Albany, New York, July 31, 2017: MarketResearchreports.biz has announced the addition of a new report, titled “Global PVC Packaging Materials Market Research Report 2017,” to its large database. Data has been derived from various paid and unpaid sources such as journals, white papers, presentations, and press releases to collate this study, which provides a 360-degree view of the global PVC packaging materials market.

PVC exhibits excellent fire retarding properties due to its chlorine content. The rising awareness regarding the merits of PVC is one of the primary factors stimulating the growth of the global PVC packaging materials market. Asia Pacific will be a highly-opportunistic region during the review period. The robust growth of end-use industries such as electronics and food and beverages is allowing the overall market to gain significant momentum. However, the rising concerns regarding the hazardous impact of PVC on the environment are hampering the growth of the market.

Based on product, the global PVC packaging materials market is categorized into PVC bottles, PVC films, and others, including sheets. The PVC bottles segment will be a major revenue contributor in the market. The growth of the segment can be attributed to the extensive use of these bottles in the packaging of non-alcoholic beverages and food items. PVC films will expand at a noteworthy CAGR during the review period, owing to the growing popularity of specialty films coupled with the increasing use of plastic films in the agriculture sector.

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In terms of end-use industries, the market is fragmented into daily chemical, food, electronic, and others, including agriculture. The demand for PVC packaging materials is expected to remain high in the food industry throughout the forecast period. The spiraling demand for innovative, see-through, and hygienic packaging is augmenting the adoption of these materials in the food industry. With the flourishing growth of the electronics and electrical sector across the globe, the global PVC packaging materials market is estimated to tread along a healthy growth track during the forecast period.

On the basis of geography, the global PVC packaging materials market is divided into North America, Europe, India, Japan, China, and Southeast Asia. China and India are expected to account for a sizeable cumulative share in the global market. The booming food and beverages industry is playing a vital role in the development of the PVC packaging materials market in these countries. Southeast Asia is anticipated to register healthy growth during the forecast period, thanks to the rapid expansion in the electrical and electronics sector.

Some of the prominent companies operating in the global PVC packaging materials market Alpha Packaging, Guanbao Plastic Group, Jinhua Zhongbang Packaging Materials, Yangzhou Yihong Plastic, M&H Plastics, Quality Blow Moulders, Shanghai Redfox Plastic Packaging, Jiaxing Xinan Packing Material, Guangzhou Baiyun Mingduo Hardware Plastic Packaging, and Teknor Apex.

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