PVC Packaging Market Segmented by Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

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Polyvinyl chloride (PVC) packaging material is used in various end-use industries such as personal care, food and beverages, medical, and others, owing to its properties such as light weight, good impact strength, resistance to oil, grease and chemicals, and others. The high versatility of plastic enables in reuse and recycling.

Market Trends:

Among end-use industry, the food and beverages segment is expected to witness a significant growth in the near future, owing to increasing growth of this industry. According to U.S. Census Bureau, in the U.S., the total food sales in 2016 was US$ 1,594.06 billion. Furthermore, increasing consumer spending on food and drink results in growth of this segment. According to Department for Environment Food & Rural Affairs, the total consumer expenditure on food, drink and catering increased by 0.9% in 2014 to US$ 231.10 billion.

The rigid packaging application segment is expected to show a significant growth in the global PVC packaging materials market over the forecast period. According to Coherent Market Insights’ analysis, the global rigid packaging market was valued at US$ 529.97 billion in 2016 and is expected to exhibit a CAGR of 4.05% during the forecast period (2017-2025).

Key manufacturers are focusing on launching new products and plant expansion to expand their product portfolio and to cater to increasing consumer demand. For instance, in February 2018, Westlake Chemical Corp. announced plans to expand their Geismar polyvinyl chloride plant to boost its annual volume of PVC products.

Market Outlook:

Europe holds a significant position in the global PVC packaging materials market growth, owing to growing personal care and cosmetics industry in the region. This is owing to increasing use of PVC in packaging of cosmetic products as these are resistant to oil, grease, and chemicals. According to Cosmetic Europe, cosmetics and personal care industry in Europe was valued at US$ 94.13 billion in 2015 with Germany (US$ 15.89 billion) positioned as the largest market, followed by the U.K. (US$ 14.06 billion), France (US$ 13.94 billion), and Italy (US$ 12.10 billion), respectively.

Asia Pacific is expected to be the fastest growing region in global PVC packaging materials market over the forecast period. Increasing demand for PVC packaging products in pharmaceutical industry in China and India is one of the factors fueling growth of PVC packaging materials market. According to India Brand Equity Foundation (IBEF), the pharmaceutical industry in India accounted for 2.4% of the global pharmaceutical industry and is expected to expand at a CAGR of 12.89% during 2015 – 2020.

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Furthermore, increasing consumer preferences for packaged goods coupled with growing retail industry is expected to significantly affect growth of the market in the forecast period. For instance, India Brand Equity Foundation (IBEF), Government of India, the retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015.

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PVC Packaging Materials Market

On the basis of region, the PVC packaging materials market is segmented into:

1.North America

U.S.

Canada

2. Europe

U.K.

Germany

Italy

France

Russia

Spain

Rest of Europe

3. Asia Pacific

China

India

Japan

ASEAN

Australia

South Korea

Rest of Asia Pacific

4. Latin America

Brazil

Mexico

Argentina

Rest of Latin America

5. Middle East

GCC Countries

Israel

Rest of Middle East

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis