The report forecasts the global polyethylene packaging market to grow at a CAGR of 5.03% during the period 2016-2020.
One of the major trends that has a high probability of impacting the growth of the global polyethylene packaging market is the emergence of biodegradable plastics. Biodegradable plastics are plastics that are easily decomposed by microorganisms, thereby reducing the toxic effect they have on the environment compared to conventional plastics. They are not completely made from renewable materials but are made from petrochemicals with biodegradable additives. The adoption of these materials, such as polyvinyl alcohol, polyanhydrides, and polylactic acid, by plastic packaging manufacturers will increase their market shares.
With stringent environmental compliance regulation worldwide, the vendors are more likely to use biodegradable plastics as substitutes to avoid paying hefty penalties. For example, the UAE has imposed a ban on disposable plastic products, except those that are made from oxo-biodegradable plastics. The global bio-based PET market is growing at a CAGR of close to 7% for the period 2015-2020. This will drive the growth of the market during the forecast period.
According to the report, the demand for HDPE bottles is the main driver of the polyethylene packaging market. The share of HDPE bottles in this market is the highest, and the increasing demand for packaged bottled products such as milk, juices, and water will drive the market during the forecast period. The beverage industry accounts for more than 60% of the global polyethylene packaging market. During the forecast period, the demand from different segments of the beverage industry such as milk, juices, and water will be the key driver of the market.
- Berry Plastics
- Sealed Air
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: Buying criteria
Part 07: Market segmentation by material type
Part 08: Geographical segmentation
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/h62htd/global
Laura Wood, Senior Manager
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SOURCE Research and Markets