- The key vendors in the plastic packaging market in Europe are ALPLA-Werke Alwin Lehner GmbH & Co. KG, Amcor Ltd., Coveris Holdings SA and Sealed Air Corp.
London, 08 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the plastic packaging market in Europe 2015-2019. One of the latest trends emerging in the market is the shift from rigid to flexible plastic packaging. Vendors in the market are focusing on convenience and sustainability in their products. Flexible plastic packaging materials are 80% lighter in weight than an equivalent rigid plastic material and are also cheaper to manufacture. The plastic packaging market in Europe is expected to grow at a CAGR of 3.27% during the forecast period of 2014-2019.
The growth of the pharmaceutical and healthcare sector is pushing demand for plastic packaging for pharmaceuticals and medical devices. Medical packaging products need to meet international regulatory compliance standards for safety.
“Biodegradable plastics are easily decomposed by micro-organisms, and have a less toxic effect on the environment than conventional plastics. Adoption of these materials is expected to reduce dependence on conventional plastic packaging materials over the next few years,” says Faisal Ghaus, Vice President of Technavio Research.
“Environment regulations worldwide are becoming more stringent and more vendors are shifting to biodegradable plastics.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
