The Asia-Pacific region accounted for 38.6 percent of the global rigid plastic packaging market in 2021
Due to rising demand from end-use industries, including construction, automotive, and consumer products, the worldwide transparent plastic market is expected to expand during the forecast period. In building and construction applications, plastics substitute conventional materials such as glass.
In April 2022, Printex Transparent Packaging (PTP), the largest clear folding box manufacturer in North America, earned the Safe Quality Food Institute (SQF) Manufacture of Food Packaging certification, recognized by the International Organization for Standardization (ISO).
Rising Demand from Healthcare and Pharmaceuticals
For instance, according to the recent studies, the healthcare market in India is expected to touch USD 132 billion by 2023, driven by rising income, better health awareness, lifestyle diseases, and increasing access to insurance.
Growing Electric Vehicles in automotive production
EVs and the automotive industry have shown to be strong in the face of a worldwide crisis, supporting the market need for transparent plastics as the automotive sector quickly moves towards lightweight materials for usage in electric cars; all these factors dominate the demand for transparent plastics in the forecast period.
Increasing demand from Food & Beverage
In 2022, FSSAI released a direction regarding the Operationalization of Draft Food Safety and Standards (Packaging) Amendment Regulations, 2022, regarding using recycled plastic as food contact materials with immediate effect.
Recent Developments
- In March 2022, A maker of bespoke
plastic boxes, Printex Transparent Packaging (PTP), has introduced
transparent folding boxes made of sustainably improved recycled PET (rPET)
plastic.
- The Reborn group stated that it is
prepared to introduce the first film de-inking line for polyethylene (PE)
films in France in November 2021, at its site in Ogeu-Les-Bains.
- In March 2019, Flexo Transparent, a leading
bespoke plastic production and printing solutions supplier, has been
acquired by C-P Flexible Packaging, a prominent producer of flexible
packaging goods.
- Transparent Container Co. Inc. will
be acquired by Rohrer Corporation to significantly extend its own plastics
thermoformed packaging operations portfolio in October 2018.
Market Segmentation
Market Players
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue
in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
|
Report
coverage |
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
covered |
·
Polymer Type ·
Type ·
Application |
|
Regional
scope |
North
America, Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United
States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China,
India, South Korea, Japan, Australia, Brazil, Argentina, Colombia, South Africa,
Saudi Arabia, UAE |
|
Key companies
profiled |
Emco
Industrial Plastics LLC, Evonik Industries AG, Industrial Plastic Supply,
Inc., Trident Plastics inc., E & T Plastics Mfg. Co., Inc., Prabhoti
Plastic Industries, Lumineq Oy, Curbell Plastics, Inc., Unique Plastic
Industries, 3A Composites GmbH |
|
Customization
scope |
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and
purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
Related Reports
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