NEW YORK, Sept. 17, 2014 /PRNewswire/ -- This BCC Research report quantitatively assesses individual plastics usage in the key markets; provides rationales for the trends within each market sector; describes the roles of the many companies involved such as injection and blow molders, and thermoformers. It also discusses the structure of the industry, the ever-increasing importance of recycling, and other critical issues such as non-petroleum source materials.
Use this report to:
- Learn about the usage of key resins used in rigid food packaging, segmented by major application.- Receive information about the consumption of plastics in rigid food packaging.- Learn about the structure of the industry, the ever-increasing importance of recycling, and other critical issues such as non-petroleum source materials.- Identify the roles of key thermoformers, plastics Injection and blow molders serving the rigid food packaging market.
Highlights
- The global plastic rigid food packaging market was estimated at almost 30 billion pounds in 2013. The market is expected to reach about 31.1 billion pounds in 2014 and 37.2 billion pounds by 2019, a compound annual growth rate (CAGR) of 3.7% from 2014 to 2019.
- Polyethylene terephthalate (PET) as a segment is expected to reach about 15.5 billion pounds in 2014. It is further projected to grow to 18.9 billion pounds in 2019, with a CAGR of 4.1% for the five-year period, 2014 to 2019.
- High-density polyethylene (HDPE) as a segment is expected to reach about 6.3 billion pounds in 2014. It is further projected to grow to nearly 7.4 billion pounds in 2019, with a CAGR of 3.3% for the five-year period, 2014 to 2019.
INTRODUCTION
REASONS FOR DOING THE STUDY
There have been very few reports that specifically cover the overall rigid plastic food packaging market. Previous studies in the field covered segments of this market such
as bottles or food containers, but did not combine all the elements into a cohesive report. There have also been a great many reports on the flexible portion of the food
packaging market, which is mainly comprised of film-based structures. An overall study on rigid plastic food packaging markets takes into account a wide array of structures that can be blown or injection molded, extruded, or thermoformed. It is also important to consider the non-plastic competitive scene mainly comprising glass, metal, and paperboard, as well as to assess relatively new technologies such as barrier bottles to maintain proper balances of oxygen and carbon dioxide. A reassessment of the recycling scenario, especially with plastic food bottles, is also needed to fully understand the market.
SCOPE OF THE STUDY
This report covers key resins used in rigid food packaging, segmented by the major applications including: bottles, dairy, meat/deli, prepared food, containers, foodserviceplates, cups, other food containers, and miscellaneous food packaging products. The major resins covered include polyethylene terephthalate (PET), high-density polyethylene (HDPE), polystyrene (PS), polypropylene (PP), low-density polyethylene (LDPE), polycarbonates (PC), styrene block copolymers (SBCs), polyvinylchloride (PVC)and others. Coverage is specific in terms of analyzing pre-packaged foods in rigid packaging and excludes non-prepackaged rigid packaging but includes foodservice uses such as trays for holding meals, utensils, and cups. The market data represents global consumption of plastics in rigid food packaging.
In addition to evaluations of the many technologies involved, this report quantitatively assesses individual plastics usage in the key markets; provides rationales for the
trends within each market sector; describes the roles of the many companies involved such as injection and blow molders, and thermoformers and discusses the structure of
the industry, the ever-increasing importance of recycling, and other critical issues such as non-petroleum source materials.
METHODOLOGY
A comprehensive review and analysis was undertaken of literature related to the industry that included trade industry articles and company literature. These data wereelaborated upon with key participants in the industry for their assessment of the present and future scenario of the rigid plastic food packaging market.
STUDY GOALS
The objective in updating this study is to provide readers with a current view of this market as to resin usage and specific applications for the most important resins in a
quantitative manner.Other goals were to explain why important resins are being used for specific products and applications along with quantitative outlook of this scenario in five years.
INTENDED AUDIENCE
It seems clear that those companies in the rigid plastic food packaging plastics business would be interested in new technical and market developments in this large and somewhat mature market. End users in addition to producers and marketers need to be updated especially those in the packaged food market either rigid or flexible. Others who might show an interest are resin producers who would be able to assess the advantages and disadvantages of specific plastics in each of the key end-use markets. Companies involved in bioresins/biodegradable polymers have become much more involved in plastic food packaging including both rigid and flexible types of structures, along with the ever-increasing topic of "sustainability" in all types of food packaging.Read the full report:
http://www.reportlinker.com/p02274678-summary/view-report.html
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