LONDON--Technavio has announced the top five leading vendors in their recent global high-density polyethylene (HDPE) packaging market 2016-2020 report. This research report also lists 20 other prominent vendors that are expected to impact the market during the forecast period.
HDPE packaging is used in industries such as food, beverage, pharmaceuticals, and consumer goods. Its properties of stiffness, moldability, and chemical resistance make it suitable for use in making various types of packaging including bottles, containers, cartons, bags, and others. Almost 70% of HDPE produced is used in packaging, both flexible and rigid. Its inert nature and ability to preserve products for long periods of time make it a popular choice in the food and beverage sector. The material also allows for easy printing, which is an important criterion for product promotion.
Competitive vendor landscape
According to the report, the global HDPE packaging market is highly fragmented because of the presence of numerous small and large vendors. Vendors compete on the basis of price, quality, innovation, reputation, distribution, and promotion. The increase in vendor competition may lead to vendors reducing their product prices, which could negatively affect margins and market growth. Some companies also have larger financial resources than others, allowing them to invest more in R&D and growth avenues. For example, in January 2016, Amcor Rigid Plastics introduced a new business platform named UpStart to facilitate small-volume bottle production.
Intense competition among vendors and rapid technological changes constitute significant risk factors for vendor operations. Intense vendor competition has led to an increase in M&A, where smaller entities are being acquired by or merged with major players. For example, in May 2016, Bemis completed the acquisition of the medical device packaging operations and associated value-added services of SteriPack Group, a manufacturer of sterile packaging solutions for pharmaceutical and medical device applications.
“The influx of local vendors into the market is also on the rise. Therefore, to survive and succeed in this intensely competitive environment, it is imperative for vendors in the market to distinguish their products through a clear and unique value proposition,” says Sharan Raj, lead packaging analyst from Technavio.
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Technavio transportation and logistics research analysts identify the following key vendors:
The company supplies a wide range of rigid and flexible packaging products specifically for the food, beverage, healthcare, personal care, home care, and tobacco industries. It operates over 190 sites in 43 countries and employs over 29,000 people. The company operates through two segments namely Amcor flexibles and Amcor rigid plastics. The former segment manufactures flexible and film packaging solutions whereas the latter manufactures rigid plastic containers for beverages such as sports drinks, carbonated soft drinks, spirits, and beer, and for personal care products.
The company focuses on manufacturing and distributing packaging products worldwide. Its products are mainly sold to customers in the food industry. Its other customers include companies in the chemical, medical, pharmaceutical, personal care, agribusiness, automotive, electronics, construction, and other consumer goods industries.
The company provides various types of roll-stock materials for automated equipment including HP-EZ Peel (a nylon reinforced HDPE peelable top web) and matte-finished HDPE (modified HDPE exterior that provides a paper-like surface). The company provides post‐consumer recycled HDPE to the flexible film packaging segment.
The company provides value-added plastic consumer packaging and engineered materials, including drinking cups, thin-wall containers, bottles, prescription vials, adhesives, specialty films, specialty closures, and corrosion protection materials. It caters to various end markets, including food and beverage, healthcare, and personal care. The company has expertise in producing a broad range of products. Its product portfolio is strengthening its position in the packaging market worldwide.
Sealed Air was founded in 1960 and is headquartered in Charlotte, North Carolina, US. The company offers products and solutions for food safety and security, facility hygiene, and product protection. Its offerings find application in food and beverage processing, retail, food service, healthcare, industrial, commercial, and consumer applications.
The company functions through two main segments which are product care and food care. The product care segment addresses protective and specialty packaging challenges through tailored and practical solutions. The food care segment focuses on a range of integrated system solutions for processors, retailers, and foodservice operators.
Sonoco was established in 1899 and is headquartered in Hartsville, South Carolina, US. The company provides different kinds of consumer packaging, protective packaging, and industrial products and display and packaging services. The company operates through the following business segments: consumer packing, display and packaging, paper and industrial converted products, and protective solutions.
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