Overview of the global polyethylene packaging market
Technavio’s market research analyst predicts that the global polyethylene packaging market will grow at a CAGR of around 5% between 2016 and 2020. The high demand for HDPE bottles is the main growth driver for the polyethylene packaging market. The increasing demand for packaged bottled products such as milk, juices, and water will predominantly drive the market during the forecast period. HDPE packaging products are more attractive as they provide more printing options over substitutes such as PET. HDPE packaging is available in various colors and helps in product differentiation. The different colors of the packaging products increase their aesthetic value and attract more consumer attention, which helps in driving more sales. Moreover, the requirement for polyethylene plastic packaging, especially for liquid drugs, will boost the growth prospects of the overall market. The properties of plastic including inertness, versatility, cleanliness, durability, sterility, transparency, and light weight make it the perfect choice for bottling complex medical products. The introduction of innovative polyethylene film options like blown films and cast films will accelerate growth prospects for the polyethylene packaging market in the coming years.
One of the major trends gaining the traction in the polyethylene packaging market is the emergence of biodegradable plastics. Biodegradable plastics can be easily decomposed by microorganisms, and reduce the toxic effect on the environment. They are made from petrochemicals with biodegradable additives. Several plastic packaging manufacturers are adopting these biomaterials, such as
Overview of the global composite packaging market
The global composite packaging market is anticipated to grow at a steady rate and will post a CAGR of close to 5% during the forecast period. The increasing demand for packaging products from the e-commerce market will drive the growth prospects for the global composite packaging market during the forecast period. With the increasing online shopping and the shipment of products, the demand for packaging products has increased. It has been noted that most online retailers use different types of composite cans based on the type of product to be transported. Moreover, one of the key business requirements in the e-commerce marketplace is the need for effective packaging solutions, the rising need for which leads to the growth of this market. Furthermore, with the growth of B2C e-commerce across the globe, the global composite packaging market will expand during the forecast period.
The increasing demand for the premium packaging of materials will also drive the growth prospects for the market during the forecast period. Premium packaging materials are used for premium consumer products such as cosmetics and other household items, and its high popularity can be attributed to the growth of developed markets like the US, Japan, and Western Europe. One of the major factors that drives this market’s growth is the use of expensive ingredients, technologies, colors, and other raw materials by vendors.
Competitive landscape and key vendors
The market is highly fragmented due to the of the presence of many multinational, regional, and local vendors. The performance of these vendors in the market is affected by the changing consumer spending patterns, consumer tastes and living standards, demographic trends, and regional, national, and local economic conditions. Since the local players cannot compete with international vendors in
Overview of the global antimicrobial packaging market
Technavio’s market research analyst predicts the global antimicrobial packaging market to grow at a CAGR of around 5% over the predicted period. Barrier packaging materials such as antimicrobial packaging materials are extremely flexible, transparent, and eliminate the passage of liquids, gases, and radiation. Being an active technology packaging solution, antimicrobial packaging materials have excellent physical and chemical features like eminent stability, exceptional optical properties, high mechanical sturdiness, exceptional chemical and environmental characteristics, and greater heat resistance. The food and beverage industry is the fastest growing end-user segment of the market. These advanced packaging solutions increase the shelf life of packaged foods by preventing the penetration of atmospheric air and maintain the flavor and quality of the food. The antimicrobial materials also enhance the aesthetic appeal of the packaging, enhancing its marketability. The rising demand for innovative shelf life-enhancing methods and packaging among food manufacturers will be a key driving force for the antimicrobial packaging market during the forecast period.
The antimicrobial packaging market is witnessing increased focus on the development of bio-nanocomposite based products. Bio-nanocomposites such as starch, polycaprolactone, derivatives of cellulose, and polylactic acid are considered eco-friendlier and more biodegradable and are preferably used in several packaging solutions for the food and beverage industry. Some of the key applications of bio-nanocomposite-based packaging materials for food and beverages include high barrier packaging, nano-coatings, and nano-sensors.
Competitive landscape and key vendors
Overview of the global packaging inks and coatings market
The global packaging inks and coatings market is anticipated to grow at a steady rate and will post a CAGR of close to 6% during the forecast period. The superior characteristics of waterborne printing inks will drive the growth prospects for the global packaging inks and coatings market during the forecast period. Presently, most manufacturers prefer using waterborne printing inks over the solvent-borne printing inks for their eco-friendly nature and ease of substrate recycling. Since waterborne inks are manufactured from water-dispersible polymers, their fluidness enhances the flow rate significantly to benefit printers by reducing the overall cost. Also, waterborne inks are used in the flexographic printing process on non-absorbent polypropylene and polyethylene substrates for packaging applications. With the growing popularity of advanced water-based printing technologies, the inks are also being used for many flexible packaging operations. For instance, Flint Group, a leading vendor in the global liquid waterborne printing inks market, launched its ink product called Premo Film SXS printing inks. Moreover, liquid waterborne printing inks also provide printers with many advantages such as better print quality, reduced toxicity and flammability, better control of conductivity, bactericidal action, and lower costs of consumables.
In 2015, North America held the largest market share in the market and will continue to dominate the market during the forecast period. The Environmental Protection Agency (EPA) in North America initiated and imposed stringent regulations on its end users to adopt eco-friendly packaging inks as they contain high quantities of volatile organic compounds (VOC). Also, factors such as the increasing adoption of eco-friendly packaging inks in the region will result in the steady growth of this market in North America.
Overview of the global sterilized packaging market
Technavio’s market research analyst predicts the global sterilized packaging market to grow at a CAGR of more than 6% during the forecast period. The demand for sterilized packaging will mostly arise from the growing global biologics market. Biologic drugs include protein and therapy cells, monoclonal antibodies, and tissue- and cell-based regenerative medicines. These drugs are administered directly into patients' blood tissues, so it is important that the containers carrying these drugs are sterilized properly. Several packaging manufacturers are also focusing on new methods of packaging to protect the drugs from contaminants, increase patient compliance, and adhere to the pharmaceutical packaging regulations. They have adopted ready-to-sterilize and ready-to-use closure processes for the containers to eliminate the risk of microbiological contamination of drug products. Moreover, with the growing replacement of glass and metal with plastics in pre-filled syringes, the demand for sterilized packaging will continue to grow during the forecast period.
The substantial growth in the combined drug product market will propel the growth of the sterilized packaging market in the coming years. Combined drug product types include vials syringes, inhalers, and canisters. As a large amount of these drugs are administered orally, or through the intravenous process, packaging of these products requires high-quality and chemically inert plastics compared with other drugs that are topical. Such requirements have compelled manufacturers to use flexible pouches or clamshell packs and sterilize them using ETO and gamma radiation to provide product protection and material and seal integrity.
Competitive landscape and key vendors
The global sterilized
Overview of the thermoformed packaging market
According to the market research analysts at Technavio, the thermoformed packaging market is anticipated to witness steady growth and will post a moderate CAGR of more than 5% over the forecast period. Thermoformed packaging finds extensive applications in food packaging, which is one of the major factors driving this market’s growth. The increasing demand for easy-to-use and convenient packaging has resulted in the increased need for barrier properties to keep the food fresh and enhance the shelf life. Thermoformed packaging is being increasingly used by packaging manufacturers for food products as it helps eliminate waste material. Moreover, thermoformed packages are easy to customize, so the amount of raw material that goes into the making of these packages is reduced by almost 50%. Moreover, thermoformed solutions used for food packaging contribute to reducing packaging costs for food products, leading to their augmented adoption.
One of the recent trends gaining significant traction in the market is the increasing demand for lightweight packaging products. Thermoforming is the most sought method for producing thinner and lighter plastic rigid packaging products. These packaging products find applications in various end-user industries including food and beverage, healthcare packaging, and electrical and electronics industries. Furthermore, in the recent years, the majority of manufacturers are looking to use
Packaging plays a significant role in transportation and warehousing, and is an important aspect of the distribution chain. The global packaging industry is highly innovative because of the technologies used to enclose and preserve products during storage and sale.
Market research into the packaging sector is broadly segmented into rigid packaging and flexible packaging.
Flexible packaging is experiencing a huge boom in popularity thanks to its light weight, which results in lower shipping and handling costs.
Technavio’s packaging portfolio includes market reports on rigid packaging (metal, glass, and rigid plastics), flexible packaging (plastics, papers, and foils), packaging machinery, and processing machinery.