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.
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Market
Dynamics
PVC
packaging requires less fuel to produce as compared to that of other
packaging materials such as metal and glass. According to Plastics
Europe, the energy required for PET (polyethylene terephthalate) and
HDPE (high density polyethylene) was 82.7 GJ (gigajoule) per ton and
76.7 GJ per ton whereas, for PVC was 56.7 GJ per ton. Furthermore, it
also protects against contamination by helping to prevent the spread
of germs during manufacturing and distribution. These factors are
propelling the PVC packaging materials market growth.
Growing
demand from processed food is also expected to drive growth of PVC
packaging market. This is owing to high use of PVC packaging in
processed foods, due to its aforementioned properties. According to
U.S. Department of Agriculture, Foreign Agricultural Service, in
Germany, the processed food and drinks market was valued at US$ 190
billion in 2016 and the food industry represented the third-largest
processing industry in Germany.
However,
use of PVC packaging has been restricted in various countries such as
Spain, Canada, Czech Republic, and South Korea, owing to health risk
associated with the use of it. This is expected to hinder growth of
PVC packaging materials market. According to Legislative Council,
State of California, the California Assembly passed bill no. AB 1329,
which prohibits a retail establishment from selling, distributing or
importing a flexible or rigid polyvinyl chloride packaging container.
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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.
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