Molded Plastic Packaging Market in Americas 2017-2021

Overview of the molded plastic packaging market in Americas

Technavio’s market study identifies the rising demand for beverages to be one of the primary growth factors for the molded plastic packaging market in Americas. The beverage sector is the largest end-user of rigid plastic packaging since they can be easily molded and are beneficial over other packaging especially in terms of cost, corrosiveness, and weight. The rising demand for non-alcoholic beverages and the growing consumption of bottled water and sports drinks increases the need for rigid plastics due to their high tensile strength. This will in turn, drive the need for molding processes such as extrusion molding, injection molding, and blow molding to manufacture rigid plastic packaging products. Our market research analysts estimate that this market will grow steadily at a CAGR of almost 5% by 2021.

Vendors in the molded plastic packaging market in the Americas are increasingly implementing automation since it offers several benefits of plastic molding techniques. Automation provides several advantages such as reduced cycle times, reduced scrap, and consistency with increased throughput. Additionally, automation uses precise guidance and also enables manufacturers to attain specific levels of flexibility to multitask different functions for lower volume applications. According to our analysts, the growing popularity of automation in molding techniques will be one of the key trends that will gain traction in the molded plastic packaging market in Americas during the next few years.

Competitive landscape and key vendors

The molded plastic packaging market is fragmented due to the presence of several international and regional players. Product extensions and increased M&A among the vendors will further increase the level of competition among the vendors. To attain a competitive advantage in the custom plastic packaging market, vendors are concentrating on expanding their product portfolio and are also focusing on providing innovative and unique solutions to customers.

The leading vendors in the market are

• Alpha Packaging
• Apex Plastics
• Plastipak
• Silgan Holdings

The other prominent vendors in the market are EVCO Plastics, First American Plastic Molding Enterprise, Gemini Plastics, Graham Packaging Company, Hoosier Custom Plastic, HTI Plastics, National Molding, R&D Molders, RPC Group, Sonoco, and Streamline Plastics.

Segmentation by type of material and analysis of the molded plastic packaging market in Americas

• Molded polyethylene terephthalate (PET)
• Molded polyethylene (PE)
• Molded polypropylene (PP)

Since molded polyethylene terephthalate (PET) is free from bisphenol-A (BPA), PET packaging is prominently used in packaging food and beverage products and pharmaceutical and cosmetics sectors. PET offers several advantages such as low permeability, good chemical resistance, lightweight, transparent, corrosion resistant, and high tensile strength. Our analysts have estimated that the molded PET market segment will account for the major shares of the molded plastic packaging market in Americas throughout the next few years.

Geographical segmentation and analysis of the molded plastic packaging market in Americas

• Canada
• Mexico
• US

The US is witnessing an increasing demand for plastic containers and this influences the need for plastic molding. Vendors are focusing on offering sustainable and smaller containers that consume lesser quality of materials. The rising import of plastic bottles in the US will be a major factor contributing to the growth of the custom plastic packaging market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the molded plastic packaging market in Americas?
• What are the key market trends impacting the growth of the molded plastic packaging market in Americas?
• What are the challenges to market growth?
• Who are the key vendors in the molded plastic packaging market in Americas?
• What are the market opportunities and threats faced by the vendors in the molded plastic packaging market in Americas?
• Trending factors influencing the market shares of Canada, Mexico, the US, and other regions.
• What are the key outcomes of the five forces analysis of the molded plastic packaging market in Americas?

Technavio also offers customization on reports based on specific client requirement.