In recent years, the global hard plastic packaging market is on the rise, and its development prospects will be very promising in the next few years. The market for rigid plastic food packaging is very large and the level of development is quite mature. There are four dominant resins: PE, HDPE, PS and PP, which account for approximately 96% of the market.
Although the United States is still the largest demand market globally, Asia's demand for rigid plastic food packaging will continue to grow at the highest rate, almost twice the annual growth rate in the US and Europe. In the next five years, China will be the fastest growing country in Asia, accounting for about 50% of Asian demand.
Growing hysterical hard plastic packaging
In 2015, the global rigid plastic packaging market is expected to reach US$630 billion. It will maintain steady growth at a rate of 3.7% in the next five years. It is expected to reach US$755 billion by 2020 to 2020. The global demand for rigid plastic food packaging will be high. Increased to 37.2 billion pounds. The research institute said that PET will still dominate the rigid plastic food packaging in the next five years, and its compound annual growth rate is expected to reach 4.1%.
In terms of growth rate, in Europe, the average annual growth rate of the rigid plastic packaging market is much higher than that of the paper packaging market, and its compound annual growth rate will reach 2.7% or even 3.7%. It is expected that by 2020 European paper packaging The market size will reach 193 billion US dollars, and the development prospects in the next few years are very impressive.
From the perspective of production, it is expected that in the next five years, the average annual growth rate of the rigid plastic packaging market in Asia will far exceed that of other regions, with a compound growth rate of 9.1%. It is expected to reach 16.2 million tons in 2015 and will reach 2020. 25 million tons. The average annual growth rate of the hard plastic packaging market in developed countries and regions such as Western Europe and North America is lower than that in Asia. In the next five years, the compound growth rate in Europe will be 2.3%, and the compound growth rate in North America will be 1.6%.
Thin-walled packaging exhibits dynamic structural changes
Thin-walled packaging is mainly used to display the goods for sale, but this form of packaging may also add some functions that extend the shelf life or achieve other effects. One of the most widely used areas for thin wall packaging is the dairy industry, which accounts for approximately 22% of the market. According to research in recent years, thin-walled packaging in the rigid packaging market has shown dynamic structural changes.
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