Nylon Films for Liquid Packaging Market: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2027)
LONDON, June 18, 2018 /PRNewswire/ -- Beverage end use industry to stay ahead in the race with higher market share projected during the forecast period
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The global nylon films for liquid packaging market is witnessing a robust growth rate with the rise in use of flexible packaging in the global market. This growth is mainly driven by increasing awareness regarding the enhanced shelf life associated with flexible packaging products made from plastic. Such kind of packaging is more lightweight, flexible, and durable as compared to rigid plastic. The application of nylon films has increased in different areas and is mainly used in industries such as food, beverages, personal care, home care, industrial etc. According to the analysis of the global nylon films for liquid packaging market, the beverage end use segment is expected to hold the highest anticipated market value share of over US$ 200 Mn by the end of 2027. However, the industrial segment is projected to witness the fastest growth rate with a CAGR of 6.4% during the period of study.
The excellent gas barrier ability of nylon liquid packaging to increase global market demand, especially for storing carbonated drinks
The beverage industry has helped the global nylon films for liquid packaging market grow exponentially. Many regions have witnessed a growing demand for smaller pack sizes, and this has led to a rise in demand for stand up pouches and bottles. This is also a result of the increase in demand for bottled water consumption. This trend is anticipated to augment global market demand for PET bottles in the near future. Further, nylon liquid packaging is preferred due to its inherent property of gas barrier ability that makes it the first choice for storing carbonated drinks. Many companies are looking for opportunities to capitalise their businesses by selling seasonal flavoured water. The global nylon films for liquid packaging market is also witnessing a growing consumption of sports and energy drinks, RTD beverages and flavoured milk. Also, these beverages are available in multi-sized packaging and cost-effective multipacks that are easy to handle and store. These trending aspects are creating lucrative growth opportunities for manufacturers in the global nylon films for liquid packaging market.
Lack of advanced technology for beverage packaging and dependency on traditional packaging methods may restrict revenue growth of the global nylon films for liquid packaging market
The global nylon films for liquid packaging market is expected to face some restrictions in its growth especially in under-developed regions. Such regions do not have access to highly advanced machinery for manufacturing beverage packaging products and there is also a dearth of trained professionals who can operate such advanced machinery. Manufacturers in the various under-developed regions use sub-standard raw materials for manufacturing packaging products, which in turn can impede revenue growth of the beverage packaging market. Some regions even face lack of raw materials needed for manufacturing nylon films for liquid packaging. In such a situation, manufacturers are bound to use traditional methods and cheaper alternatives of barrier technology. However, long-term contracts and collaborative practices to get the desired results at low costs can help address some of these challenges. Moreover, maintenance contracts with equipment suppliers and use of digital platforms such as Skype and YouTube to provide training and to support service calls can resolve the issues of manufacturers in under developed regions.
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