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Global PVC-Free Packaging Market growing at a CAGR of 5.0% from 2023 to 2031

Category : Materials And Chemicals | Published Date : Sep 2023

Key Market Overview

Consegic Business Intelligence analyzes that the PVC-free packaging market is predicted to grow at a compound annual growth rate of 5.0% from 2023 to 2031 and is expected to reach USD 5,818.22 million in 2031 and 3,952.15 million in 2023 which was valued at USD 3,787.04 million in 2022.

The report highlights the high demand for PVC-free packaging in the pharmaceutical industry across the globe, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the PVC-free packaging market.

Global PVC-Free Packaging Market By Overview

Global PVC-Free Packaging Market

The PVC-free packaging market is bifurcated into packaging type, material type, and end-user industry. Based on packaging type, the market is segmented into rigid packaging and flexible packaging. In 2022, the rigid packaging segment dominate in the overall PVC-free packaging market. The material type segment is categorized into PVC-free blisters, PVC-free closures, PVC-free liners, and others. In 2022, the PVC-free closures segment accounted for the highest market share in the PVC-free packaging market. Based on the end-user industry, the market is segmented into food & beverages, homecare, pharmaceuticals, personal care & cosmetics, chemicals & fertilizers, and others. In 2022, the food & beverages segment dominate in the overall PVC-free packaging market.

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Market Dynamics

Driver:

 

  • High demand for PVC-free packaging in the pharmaceutical industry
  • Increasing government restrictions on the use of PVC packaging in certain regions

 

Restraints:

  • Lower adoption of PVC-free packaging owing to the cost issue

Market Segmentation:

Report Attributes Report Details
By Packaging Type Rigid Packaging and Flexible Packaging
By Material Type PVC-Free Blisters, PVC-Free Closures, PVC-Free Liners, and Others
By End-user Industry Food & Beverages, Homecare, Pharmaceuticals, Personal Care & Cosmetics, Chemicals & Fertilizers, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The market is dominated by certain major companies such as Amcor Limited, Sacmi Group, Tekni-Plex, Inc., and ACTEGA, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the PVC-free packaging market is expected to witness substantial growth in the coming years due to the growing awareness regarding the harmful effects of PVC-based packaging in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.

  • Amcor Limited
  • Sacmi Group
  • Tekni-Plex, Inc.
  • Constantia Flexibles Group GmbH
  • Selig Group
  • Technovinyl Polymers India Ltd.
  • World Bottling Cap, LLC.
  • Danburry Plastics
  • ACTEGA
  • Borealis AG
  • Weener Plastics
  • Crown Holdings, Inc.