Plastic to Increase its Share of Packaging market to 49% Against Paper
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By: Joe Walsh
Plastic packaging growth by volume is expected to outpace that of paper packaging through 2014 in nearly all competitive markets covered in this study and is forecast to expand 2.3 percent per year through 2014. Advances for plastic will be the result of its competitive cost and performance advantages, including light weight, moisture resistance, enhanced barrier properties and puncture resistance. Plastic has continued to expand its share in a number of markets despite the sharp spike in resin prices in recent years. More moderate resin pricing through 2014 and the development of new applications for biodegradable plastics should make plastic even more competitive against paper.
Though paper packaging will post more limited advances or continue to decline in the majority of markets through 2014, paper will log relatively favourable gains in a handful of markets and maintain a substantial lead over plastic. These markets include foodservice, protective packaging, and soy and other non-dairy beverages. Opportunities in the foodservice and protective packaging markets will also reflect improved outlooks for consumer spending and manufacturing activity. Moreover, increased emphasis on packaging sustainability will enhance the competitiveness of paper in some applications based on environmental advantages including recyclability, renewability and biodegradability.
The report “Paper versus Plastic in Packaging - US industry forecasts for 2014 & 2019” is available from Report Buyer at:
Reportbuyer Product Code: FED00253
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