Guidance for industry container closure systems for packaging human drugs and biologics chemistry, manufacturing, and controls documentation u. This guideline for the plastics industry was prepared by representatives of numerous plastics member companies which, themselves, comprise numerous links in the plastic food, drug, and cosmetic packaging materials manufacturing supply chain. Ibef, industry reports, analysis by tata strategic. This is broken down to the following country market shares. The inert nature of plastic, and its ability to preserve products for a. Whether its complicated recycling instructions on the products we buy, startling images of the impacts on wildlife or simply the economic value lost through waste, plastics have been. The plastic packaging market was valued at usd 345. The global packaging industry could change significantly by 2030. Apr 08, 2020 plastic packaging in global market, report 2020 categorizes the market based on manufacturers, regions, type and application. Packaging industry covid19 has had a mixed impact on the packaging industry with increase in demand experienced by selected endmarkets such as food and healthcare. Francis pinto, has taken pains to compile from available dependable sources, statistics relating to plastics and polymer industry. Manufacturers place an spi code, or number, on each plastic product, usually moulded into the bottom.
Plastic bottles for soft drinks, water, juice, sports drinks, beer, mouthwash, catsup and salad dressing. Whilst some segments of the industry, such as flexible food packaging, are dominated by a few large players the european industry as a whole remains highly fragmented. The world packaging organization report 2010 has explored the global packaging industry. Top packaging companies in 2019 global packaging industry. The increased demand for flexible packaging products in uganda has also affected the productivity at luuka plastics limited. Aug 23, 2017 a gradual shift has been witnessed in the plastic packaging industry from traditional rigid packaging to flexible packaging due to several advantages offered by flexible packaging such as convenience of handling and disposal, and savings in transportation costs as a result of minimal space requirement. The society of the plastics industry spi established a classification system in 1988 to allow consumers and recyclers to identify different types of plastic. The environmental impact of food packaging foodprint. Oct 07, 2019 the market value of the plastic packaging industry across the country was approximately 15 billion u. By reaching in 2040 100% reuse, recycling andor recovery of all plastic packaging in the whole eu. Global commodity plastic market for packaging industry.
The market is majorly driven by the growing demand for plastic packaging from the food and beverage and industrial packaging industry. Knowledge and strategic partner 7 packaging in general is classified into two significant types i. The market value of the plastic packaging industry across the country was approximately 15 billion u. Further, the plastics industry is a very fast growing sector and various growth drivers are influencing its pace and direction significantly. In 2014, out of the 258 million tons of municipal solid waste generated in the us. Plastic waste is a problem we can solve and need to. Plastics, paper and metals are the key materials used in flexible packaging products, which are made from foil.
Good manufacturing practice plastics industry association. While sustainable packaging is likely to remain the primary focus of packaging companies in long term, the current focus has shifted to plastics impact of covid19 on the packaging. The plastics industry trade association n improve food preservation plastics packaging is ideal for the packaging of food items. Access to all exclusive statistical reports in pdf. Commodity plastic polymers such as pe, pp, ps, pvc, pet and other have a huge demand from the packaging industry, especially from plastic packaging. Rising ecommerce industry is anticipated to propel the product application scope over the projected timeframe. Rising income levels and growth in the middle class are likely to increase the consumption of packaged consumer goods such as beverages and processed foods, thereby enhancing the demand for plas. Unwrapping the packaging industry seven factors for success. Surging demand for ecofriendly and sustainable packaging is one of the key trends stoking market growth. Tim trovillion business development account manager. Packaging industry is growing worldwide at faster rate.
Get more details on this report request free sample pdf. Compared to other packaging products, consumers have shown an increasing inclination toward plastic packaging, as plastic packages are lightweight and. The bulk of this raw material is manufactured in the. As always it was an insightful experience for the team to materialize this report. Water bath stretching unit strap storage winding unit automatic packaging starstrap, starstrap plus and tm starstrap ultra are made of 100% polyester. The global plastic packaging market size is projected to reach usd 320. The emerging retailing industries and change in the lifestyle of the people in various countries has led to grow the packaging industry.
More than 95% of our business is repeat business with satisfied clients because of the service we provide in identifying, interviewing and evaluating candidates. Jun 05, 2017 the packaging industry has been facing new trends in addressing environmental issues and worldwide growth of the industry. Waste plastic bottles and other types of plastic waste at the waste disposal site in thilafushi, part of the maldives. Plastic packaging market research report forecast to 2022 mrfr. Apr 30, 2019 the beauty industry has also started to take initiative. The demand for plastic packaging solutions will continue to grow throughout the forecast period. Additionally, the polymeric compositions of the milled goods and the recovered masses were derived with this model. Then you have brands like aveda, which is taking the charge with using postconsumer recycled plastics in its packaging. Rigid plastic packaging accounts for around twothirds of plastic packaging arising from the grocery retail sector. The material of choice packaging encompasses a wide range of material types across paper board, metals, plastic, wood, glass and other materials. Our pet straps are environmental friendly, free of pollution and in compliance with the european packaging directive 9462ec. In addition to packaging, pets major uses are textiles, monofilament, carpet, strapping, films, and engineering moldings.
However amongst all the substitutes available, plastic packaging is the fastest emerging trend in the packaging industry. A gradual shift has been witnessed in the plastic packaging industry from traditional rigid packaging to flexible packaging due to several advantages offered by flexible packaging such as convenience of handling and disposal, and savings in transportation costs as a. The outlook for plastic packaging, however, is brighter than for the packaging industry as a whole. Plastic packaging has gained significant traction in the healthcare industry due to its high barrier properties, long shelflife, and durability. Changing style of packaging, innovative package designs, and increasing demand for cosmetics due to growing youth population are anticipated to drive the market in the forecast period. The report for global plastic packaging market of market research future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. Rigid packaging market size, share analysis industry. In such circumstances, the compilation of industrys statistics and future projections is a very challenging task. Euromonitor reports that in 2008, the cosmetics industry created 120. Plastic packaging has changed the ways in which the packaging industry functions. Global packaging materials market size was estimated over usd 900 billion in 2016 and will exhibit growth by a cagr of over 3% up to 2024. The packaging industry is racing to turn billions of. Plastic packaging market growth, trends, and forecast. Cosmetic packaging market size, share global industry.
The regulatory requirements for a welldesigned gmp program vary by. In short, this report gives an insight into the industrys contribution to european economic growth and prosperity throughout the life cycle of the material. Durable mpri evo food preservation safe light weight design freedom adaptable enhance medical safety and effectiveness economical spi. By accelerating innovation in the full life cycle of products. New models for the global packaging industry mckinsey. Plastic packaging resins american chemistry council. The concept of good manufacturing practice gmp underpins the manufacture of all products regulated by the food and drug administration fda.
There is increasing demand for packaging due to a shift in consumption behavior across the globe as a result of a growing middle class as well as a growing elderly population. Simultaneously, the industrys plastic footprint has ballooned. By way of background, in 2015, the eu published an action plan for transitioning to a circular economy. Food and food packaging must be manufactured under a gmp program that prevents contamination and ensures products will be safe. Kansas city, ks warehouse 1403 fairfax traffic way. How consumer goods companies, retailers, and foodservice providers are responding to.
Plastics industry status report committee, headed by mr. Packaging solutions that are lightweight, durable, and comfortable are some of the factors that have augmented the use of plastics as a packaging material across the world. Plastic packaging industry overview and forecast canadian. The rigid packaging market is projected to grow at a cagr of 5. However, the driving force behind recy cling, according to people within the packaging industry, is ordinary consumers. Then you have brands like aveda, which is taking the charge with using postconsumer recycled plastics in. Over the past decade, the global packaging industry has enjoyed steady growth driven by shifts in choice of substrates, expansion of new markets, and changing ownership dynamics. Global commodity plastic market for packaging forecast. Garnier is working with terracycle to make it easier to recycle its packaging, as is origins, which recycles empties from any brand.
Food jars for peanut butter, jelly, jam and pickles. A large number of plastics processing units are in m. In the uk, this figure stands at around 55 per cent. We sincerely thank all industry leaders whose valuable inputs have helped in developing this report. Headline changes include increased use of plastics. Plastic packaging industry outlook usd bn cagr 18% 16% 15.
The endoflife fates for 35 different plastic packaging types were resolved. Jan 02, 2020 plastic packaging market 2020 industry demand, share, size, future trends plans, growth opportunities, key players, application, demand, industry research report by regional forecast to 2024 by. Different plastics for different products all play a role in a circular economy by increasing engagement inside and outside our industry. Apr 18, 2019 simultaneously, the industrys plastic footprint has ballooned.
Utilizing industry leading, stateoftheart machinery, equipment, and technology, ppt produces the highest quality flexible packaging solutions. The european plastic industry had a turnover of 355 billion euros in 2017 turnover close to 60,000 companies an industry in which close to 60,000 companies operate, most of them smes companies over 1. Kansas city, ks headquarters kansas city, ks 66111. Uaes plastic packaging market is segmented on the basis of type, industry and product.
Forty per cent of this was, as you might expect, rigid plastic of varying plastic types, serving only to confuse consumers who would actively seek to recycle it. The beauty industry has also started to take initiative. The global cosmetic packaging market size was valued at usd 25. Packaging materials market share global industry size. Please contact the flexible packaging association to obtain permission to use this data. The global rigid packaging market size was valued at usd 472.
Plastics, paper and metals are the key materials used in flexible packaging products, which are made from foil or paper sheet or laminated paper and plastic layers. Several attempts have been made by company to fulfill the demand, such as by adding new production lines at. It was a year that saw widespread bans on singleuse plastic items, the announcement of the new plastics economy global commitment and the launch of the worlds first plasticfree supermarket aisles in amsterdam and london. Plastic packaging market growth, trends, and forecast 2020. India plastic packaging industry market value 20102020. The largest source of plastic packaging is the grocery retail sector, accounting for almost 1 million tonnes or 43% of plastic packaging arising in 2014 table 2. Unfortunately, most packaging is designed as singleuse, and is typically thrown away rather than reused or recycled. Plastic packaging market entry strategies, countermeasures of. We hope it acts as a guiding light both for the players and the consumers of plastics. Not only does plastic waste pollute our land and ocean to the detriment of wildlife and humans but the loss of plastic from the current plastic economy is an economic drain. Mt of plastic used in consumer products and packaging in 2015.
The document is intended as a guide to assist employees whose responsibilities include assurance. Pdf unwrapping the packaging industry seven factors for. Plastic packaging market research report forecast to 2022. Plastic packaging market 2020 industry demand, share, size. It provides the latest business information on production and demand, trade, recovery as well as employment and turnover in the plastics industry. Rigid packaging includes usage of materials such as rigid plastics, metal, glass, and other for packaging applications.
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