December 06, 2017
WELLESLEY, Mass., Dec. 06, 2017- The total U.S. market for synthetic plastic barrier resins was 9.4 billion pounds in 2017, and production should grow at an average annual rate of 2.5% through 2022, according to a report by BCC Research. Food and beverage packaging accounts for 95% of the U.S. market, with other smaller but essential markets including chemical and industrial products packaging in the form of automobile gasoline tanks and healthcare products packaging. By 2022, the packaging barrier resin market volume could reach 10.6 billion pounds.
The market is trending toward producing more complicated and sophisticated multilayer barrier structures which use more but thinner layers, according to the report Plastics for Barrier Packaging. One major breakthrough could allow for the packaging of beer using polyethylene terephthalate (PET)–this product has already been tested successfully in Europe, and adoption in the United States could present a significant new market opportunity for PET barrier packaging.
Leading suppliers in the barrier packaging industry include Arkema, BASF, Charter Nex Films, Chevron Phillips, Dow Chemical, E.I. Dupont, ExxonMobil, Honeywell, Mitsubishi Chemical, Plastipak Packaging, Printpack, Tekni-Films and Winpak.
“Most of the goods that the public buys in developed societies are packaged, as are an increasing number in developing countries as well,” said report author Charles Forman. “One side effect of all this packaging has been a constant barrage of complaints from activists that products are ‘overpackaged,’ and this excess packaging contributes to our big waste load. Many companies have reacted and continue to react to these complaints by reducing or changing their packaging to make the final package less complex or using less packaging material.”
Environmental Concerns Lead to Rise in Materials Substitution
Concern over the waste produced by plastics packaging and plastics’ use of non-renewable petrochemicals has prompted some packagers to look at substitute materials. Glass, metals and paper have all lost major ground to plastics since World War II, although more recently, those losses have stopped. Paper, seen as renewable, has been a limited competitor to plastics, while glass, which can be recycled, is competitive against plastics when the containers are smaller. Aluminium continues to be the package of choice for most beer and soft drinks.
Editors/reporters requesting analyst interviews should contact email@example.com.
Plastics for Barrier Packaging( PLS014H )
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email firstname.lastname@example.org or visit www.bccresearch.com/media to request access to our library of market research.