PVC free closures are developed by packaging manufacturers, especially for food and beverage industry. PVC free closures eliminate the ill effects of PVC on consumer’s health. Materials such as PE plastic, PP, and metal caps are used for packaging of many food and beverage items. The use of alternatives of PVC not only eliminates the ill effects of PVC but also benefits the environment as other materials are recyclable which helps in reducing the plastic waste. Cartons, bottles, bread packs and jars of jam, pickle, sauce and many other food related items are some examples of the application area for the PVC free closures market.
PVC Free Closures Market: Market Dynamics
To tap the growing demand of the beverage industry packaging
manufacturers are doing various innovations to attract consumers. Beverage
packaging market is estimated to be over US$ 100 billion and is expected to
grow at a CAGR of 5.5% over the forecast period. With the increasing awareness
among the consumers regarding health benefits, people are now making choices
based on the product and packaging also. The increasing awareness among the
consumers regarding ill effects of PVC is driving the PVC free closures market.
The inclination of consumers towards the green packaging is another factor
supporting the growth in PVC free closures market. Use of PVC free closures
does not contaminate the drink while coming in contact with the packed products
hence maintain the taste and integrity of the packed product.
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Regulations and policies of government authorities across
the world are also favoring the use of PVC free closures market. By the end of
the forecast period, the use of PVC is expected to be nil for at least packaging
of the consumable items. Increasing trend for having packed food especially in
APEJ region is expected to create the significant incremental opportunity for
the PVC free closures market. Advancement in technology has enabled packaging
manufacturers to introduce closures with high resistance and low cost without
the use of PVC while ultimately creating future abundant opportunities for PVC
free closures market. The only restraint PVC closures can face the ignorance of
the small scale manufacturers for the use of the food and beverages in backward
or developing regions due to lack of consumer awareness and strict
implementation of government policies.
PVC Free Closures Market: Market Segmentation
PVC free closures market is segmented by Material type and by
end use industry.
Based on the material
type, PVC free closures market is segmented into:
- Plastic
- Polyethylene
(PE)
- High-density
polyethylene (HDPE)
- Low-density
polyethylene (LDPE)
- Polyethylene
terephthalate (PET)
- Polypropylene
(PP)
- Metal
- Steel
- Tin
- Aluminum
Based on the end use
industry, PVC free closures market is segmented into:
- Beverages
- Alcoholic
- Non
alcoholic
- Dairy
- Food
- Pharmaceutical
PVC Free Closures Market - Regional Outlook:
Regionally global PVC free closures market is segmented into
- North
America
- Latin
America
- Eastern
Europe
- Western
Europe
- Asia-Pacific
excluding Japan (APEJ)
- Middle
East & Africa (MEA)
- Japan
APEJ is expected to present the highest opportunity for the
PVC free closures market as the region accounts for the most of the production
of the most of the packed food items. North America is expected to follow APEJ
region due to the present lifestyle of the consumers in the region supporting
the growth for the demand of the packed food products. Western Europe and
Eastern Europe are expected to grow moderately in PVC free closures market. MEA
is expected to exhibit slow growth while Japan is expected to contribute the
significant share in PVC free closures market due to its highest per capita
spending on the packaging.
PVC Free Closures Market - Key Players:
Some major players of the PVC free closures market are Pano
GmbH, Altana AG, Crown, Oriental Containers Ltd., Viscose Closures Ltd., AMD
Industries Ltd., NürnbergMesse GmbH, Silgan Holdings Inc., Rauh GmbH & Co.,
D PLAST a.s., United Caps Luxembourg S.A. and Nampak Ltd.
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