PVC Packaging Materials Market | Reliance Industries Limited, Palram Industries Ltd., Bilcare Singapore Pte Limited

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.

PVC packaging requires less fuel to produce as compared to that of other packaging materials such as metal and glass. According to Plastics Europe, the energy required for PET (polyethylene terephthalate) and HDPE (high density polyethylene) was 82.7 GJ (gigajoule) per ton and 76.7 GJ per ton whereas, for PVC was 56.7 GJ per ton. Furthermore, it also protects against contamination by helping to prevent the spread of germs during manufacturing and distribution. These factors are propelling the PVC packaging materials market growth.

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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

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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.

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