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Technavio’s market research analyst predicts the global high-density polyethylene (HDPE) packaging market to grow at a CAGR of around 5% by 2020. The major properties of HDPE packaging include stiffness, moldability, and chemical resistance, which make its suitable for use in various types of packaging including bottles, containers, cartons, bags, and others. HDPE packaging products are more attractive as they offer more printing options over substitutes, such as polyethylene terephthalate (PET). HDPE packaging is available in different colors and helps in product differentiation. The colors of the packaging products increase the aesthetic value of the products and attract the attention of the consumer resulting in more sales of HDPE bottles.
One of the biggest advantages of HDPE is its ability to be recycled. Because of environmental concerns associated with the plastic usage, there are restrictions on the use of HDPE, which has necessitated the recycling trend in this market. The recycling of HDPE packaging products makes it unique among many plastics used in the packaging industry. The developed countries such as the US and the UK have made crucial developments in recycling HDPE and have future targets to increase the recycling rate. Vendors are trying to achieve 80% recycling in HDPE milk bottles.
The market is highly fragmented because of the presence of numerous small vendors who compete on the basis of price, quality, innovation, reputation, distribution, and promotion. The performance of vendors in these market is affected by changing consumer spending patterns, consumer tastes and living standards, demographic trends, and regional, national, and local economic conditions. Intense competition prevails in this market, which has led to an increase in M&A, where smaller entities are being acquired by or merged with major players. The market is expected to witness the influx of several local players into the market during the forecast period.
Leading vendors in the market are -
Other prominent vendors in the HDPE packaging 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.
The beverage industry had the highest share of the HDPE packaging market in 2015 and accounted for more than 66% of the total market share. The primary reason for this segment’s growth is the suitability of using HDPE bottles for beverages and the growing demand for bottled drinks, such as milk, water, and juices. With an increase in urbanization and disposable incomes, the demand for packaged food and beverages has also increased, resulting in increased need for HDPE packaging. The demand for still drinks, sports and energy drinks, and iced teas is anticipated to experience the fastest growth rate in the coming years, leading to more usage of HDPE packaging.
APAC is expected to be the fastest-growing region in the HDPE packaging market and is likely to register a growth rate of 5% during the forecast period. China dominates the HDPE packaging market in APAC because of the large scale manufacturing activity in the country. Growth in the packaging market in countries such as Singapore, Vietnam, Malaysia, and Indonesia will boost the demand for HDPE packaging in APAC in the coming years.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-users
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
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