Pvc Packaging Materials Market Report Survey: 2024, Growth Development, Research Perspectives, Rising Trends and Demand Forecast to 2031 | Reliance Industries Limited, Palram Industries Ltd.

Market Overview:

PVC packaging materials are used to package various food & beverage items. These include meat, poultry, seafood, snacks, ready-to-eat meals, and other items. PVC protects products from external contamination while maintaining freshness.

Market Dynamics:

The global food & beverage industry has been witnessing high growth over the past few years owing to rising population and consumer incomes in developing economies. This has increased the demand for packaged and processed food & beverage products. Additionally, PVC possess properties like flexibility, toughness, transparency and chemical resistance that make it a suitable material for various food & beverage packaging applications. PVC is lightweight and cost-effective as compared to alternatives like polyethylene terephthalate (PET) and glass. These properties of PVC drive its increasing adoption in the food & beverage packaging industry.

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Major market players included in this report are:

★ Reliance Industries Limited
★ Palram Industries Ltd.
★ Bilcare Singapore Pte Limited
★ Jinhua Zhong Bang packaging materials Co., Ltd., and Teknor Apex Company Inc.

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

On the basis of application,
✦ Rigid
✦ Flexible
✦ Others

On the basis of end-use industry,
✦ Food & Beverages
✦ Industrial
✦ Personal Care
✦ Medical
✦ Others

Regional Analysis:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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✦ Increasing Demand for Protective and Durable Packaging from Food and Beverages Industry

The food and beverages industry has shown significant growth in the recent past. As disposable incomes are rising globally, the demand for packaged and ready-to-eat food products is also increasing steadily. PVC packaging materials are widely used in this industry due to their excellent protective and moisture barrier properties. PVC helps keep food fresh for longer duration by preventing oxygen, moisture, and other contaminants. It is a cost-effective material and provides durable packaging solutions to the food processors and manufacturers. The increasing international trade of food products has further augmented the demand. With growing health-consciousness, the need for hygienic and contamination-free packaging has risen sharply. PVC aptly meets this need of the food industry and is projected to witness increasing utilization going forward.

✦ Rising Popularity of PVC as a Sustainable Alternative to Traditional Materials

With the rising environmental awareness, packaging companies and manufacturers are under pressure to switch to more sustainable materials. PVC is gaining popularity as a viable alternative to traditional packaging such as glass, metal, and multi-layered plastic laminates which are difficult to recycle. Being lightweight, corrosion-resistant and easy to fabricate, PVC helps reduce transportation weight and cost. It can be effectively recycled and has demonstrated lower carbon footprint over its lifecycle compared to other plastics. The recyclability of PVC eliminates the need for frequent material change as per the recycling infrastructure in different regions. It can replace multiple packaging components in a single material reducing complexity. With dedicated collection programs and advanced recycling technologies, PVC is emerging as a sustainable solution for the packaging industry.

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✦ Declining Availability and Rising Cost of Virgin PVC Resin

The availability of virgin PVC resin, the primary raw material for manufacturing PVC packaging films and sheets, is declining steadily due to constraints in raw material supply and refining capacity. The two key raw materials required for PVC production are chlorine and ethylene. With limited fresh reserves, their supplies are tightening globally leading to supply constraints. Moreover, energy costs required for PVC production have witnessed a significant rise over the past year severely impacting the economics. Power and fuel account for over 60% of total PVC production costs. Geopolitical challenges and inflationary environment have put further pressure on energy prices. As a result, virgin PVC resin prices have risen sharply over the recent times. The declining availability and higher production costs pose a major threat for PVC packaging manufacturers operating on low-margins.

✦ Adoption of Post-Consumer Recycled PVC

The constrained availability and high prices of virgin PVC resin provide an excellent market opportunity for post-consumer recycled PVC to gain popularity. Recycled PVC can be converted into high-quality packaging films and sheets by advanced recycling technologies. It offers packaging manufacturers an affordable and sustainable material alternative without compromising on performance. The usage of recycled PVC also helps address the environmental concerns around plastic waste and emissions. As recycling infrastructure expands, collection networks improve globally, and advanced sorting technologies emerge, higher quantities of post-consumer PVC waste will become available at competitive prices. Collaborative efforts between recyclers, brand owners and governments can help develop an organised recycling ecosystem to promote the supply and demand of recycled PVC. This presents a major market potential for fulfilling the packaging demand through an affordable and eco-friendly solution.

✦ Rising Need for Lightweight and High-Clarity PVC Packaging Films

As the competition intensifies in the packaging sector, manufacturers are continuously focusing on product differentiation. They are developing innovative packaging solutions that can attract consumers and help brands stand out on the retail shelves. Two of the prominent trends are the growing demand for lightweight and high-clarity PVC packaging films. Lightweighting helps lower raw material usage and transportation costs, while high clarity provides visibility of product inside packaging. Leading suppliers are investing in R&D to enhance film properties like thickness, gloss, and transparency. They are introducing nanotechnology-enabled barrier films, augmented heat-sealability, and improved stiffness-to-weight ratio of PVC packaging films. Brands are also experimenting with creative film designs, printability, and value-added features like child resistance. The packaging functionality is being elevated to take on a promotable role along with protection.

Key Questions

• How much revenue will the global Pvc Packaging Materials Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Pvc Packaging Materials Market?

• What are the indicators expected to drive the global Pvc Packaging Materials Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Pvc Packaging Materials Market to expand their geographical presence?

• What are the major advancements witnessed in the global Pvc Packaging Materials Market?

• This report answers these questions and more about the global Pvc Packaging Materials Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Pvc Packaging Materials Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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