Key vendors to shift towards the use of biodegradable plastics
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global polyethylene packaging market in their latest research report. This report also lists 20 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the volume of polyethylene used in the packaging sector by vendors for the following end-users:
- Beverage industry
- Consumer goods industry
- Food industry
- Pharmaceutical industry
- Other industries (chemical, construction, and others)
This Technavio report, under the packaging vertical, is based on the synthesis, analysis, and interpretation of information about the global polyethylene packaging market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for polyethylene packaging is highly fragmented in nature owing to the presence of several small vendors. Vendors compete on the basis of price, quality, innovation, reputation, distribution, and promotion. The intensifying competition in the market space is expected to prompt vendors to reduce prices of their products, which could have a negative impact on margins and market growth. The current market scenario comprises of companies of various sizes, some more specialized than others with respect to commodities. A few vendors in the global polyethylene packaging market also have larger financial resources than others which enable them to invest more in R&D and growth avenues.
“The emergence of biodegradable plastics is reshaping the global polyethylene packaging market. Biodegradable plastics are easily decomposed by microorganisms and have a lower level of toxic effect on the environment as opposed to conventional plastics. They are made from petrochemicals with biodegradable additives. With the rise in stringent environmental compliance regulations across the globe, many vendors are expected to switch to biodegradable plastics to avoid paying hefty penalties,” says Sharan Raj M, a lead analyst at Technavio for packaging.
Top five vendors in the polyethylene packaging market space
Amcor
Amcor is a supplier of a wide range of rigid and flexible packaging products. The company’s end-users comprise the food, beverage, healthcare, personal care, home care, and tobacco industries. The firm generates its revenue through two key business segments – Amcor Rigid Plastics and Amcor Flexibles. It has operational presence in over 190 sites in 43 countries. As of FY2015, the company has a reported revenue of almost $10 billion.
Key products: Hot and cold fill PET stock bottles, Extrusion-molded and blow-molded plastic containers, HDPE bottles, PP containers, and PET containers.
Bemis
Bemis engages in the manufacture and distribution of packaging products in the global market. Its products are targeted primarily at vendors in the food industry. Its other customers include companies in the chemical, medical, pharmaceutical, personal care, agribusiness, automotive, electronics, construction, and other consumer goods industries. During FY2015, it generated revenues of around $4 billion and spent over $44 million on R&D.
Key products: CPET (crystallized polyester), APET (amorphous polyester), PP, and HIPS (high-impact polystyrene).
Berry Plastics
Berry Plastics provides value-added plastic consumer packaging and engineered materials, including drinking cups, thin-wall containers, bottles, prescription vials, adhesives, specialty films, specialty closures, and corrosion protection materials. It caters to various end markets, including food and beverage, healthcare, and personal care. The company has manufacturing and distribution facilities in countries like the US, Mexico, Canada, France, Belgium, Germany, Australia, Malaysia, India, Brazil, China, and the Netherlands.
Key products: High-performance films that protect cheese, processed meat, and specialty food, High-quality pouches and films like SteamQuick (for steamed food) and flexible or rigid packaging solutions for microwavable meals, Metalized and clear coating choices for displaying bread and other specialty baked items, and Moisture barrier films for storing cereal bags, dry mixes, box liners, and crackers.
Sealed Air
Sealed Air offers products and solutions for food safety and security, facility hygiene, and product protection. Its offerings find application in food and beverage processing, retail, foodservice, healthcare, industrial, commercial, and consumer applications. The company operates through three key business segments including food care, product care, and others.
Key products: Cryovac packaging materials, Cryovac packaging systems, Diversey hygiene products, and Diversey hygiene systems.
Sonoco
Sonoco is a provider of different kinds of consumer packaging, protective packaging, and industrial products and display and packaging services. The company operates through four key business units – consumer packaging, paper and industrial converted products, display and packaging, and protective solutions.
Key products: FirmaMaX plastic pallets, flexible intermediate bulk container (FIBC) bags, TransGuard standalone totes, and Textile carriers.
Other prominent vendors in this market include Constantia Flexibles, Coveris, Daibochi Plastic, DS Smith, Flextrus, Graham Packaging, Greiner Packaging, Huhtamaki, LINPAC Group, Man Luen, Nampak Plastics, Printpack, Resilux, Rexam, Reynolds Group, RPC Group, Serioplast, Silgan, Winpak, and Wipak.
A more detailed analysis is available in the Technavio report, Global Polyethylene Packaging Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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