DUBLIN, August 25, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Molded Plastic Packaging Market 2016-2020" report to their offering.
The global molded plastic packaging market to grow at a CAGR of 5.07%, in terms of revenue, during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global molded plastic packaging market for 2016-2020. To calculate the market size, the analyst considers the revenue generated from the sales of molded plastic packaging products by vendors operating in the market. The report also includes information on the market's size in terms of the volume consumption of different plastic materials or resins, which are used to manufacture various molded plastic packaging products.
The major categories of plastics used for such productions include PE, PP, polystyrene, and PVC. Molded plastics are used in a wide range of sectors like packaging, consumables and electronics, and automotive and transportation. Molded plastics are preferred over other forms of packaging because of their certain physical and chemical properties, which make them ideal packaging materials. They are tough, durable, lightweight, easy to transport, and are not brittle like glass. In addition, the cost per unit of production is low in case of molded plastics, which find a wide variety of applications.
According to the report, growing packaging industry will be a key driver for market growth. The growth of the global packaging industry will be the major driving force behind the growth of the global plastic packaging products during the forecast period. With an increase in consumer spending and growing urbanization, the packaging industry is expected to grow at a CAGR of around 5% during the forecast. The demand for rigid plastic packaging will increase for household and industrial products. The demand for plastic packaging is also increasing from the medical industry.
Further, the report states that volatility in raw material prices will be a challenge for market growth. Raw materials used for the production of moulded plastics are resins and petrochemicals. The prices of these raw materials are dependent on the price of crude oil. An increase in the volatility of the price of crude oil in the international market is a major challenge for vendors operating in the global moulded plastics market; they face uncertain procurement costs and a decrease in profit margins. Moreover, the depleting crude oil resources will also contribute to an increase in raw material prices. Thus, volatile raw material prices restrict the growth of the global moulded plastic packaging market.
- Alpha Packaging
- APEX Plastics
Other prominent vendors
- First American Plastic
- Graham Packaging
- Hassan Plas Packaging
- HTI Plastics
- LINPAC Group
- R&D Molders
- RPC Group
- Streamline Plastic
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation materials
Part 07: Geographical segmentation
Part 08: Buying criteria
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/mllhqm/global_molded
Related Topics: Plastic Packaging
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SOURCE Research and Markets