Plastic Calendaring Resins Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polypropylene (PP), Others), By End Use (Food & Beverages, Healthcare & Medical, Automotive, Others), By Region and Competition

  • Industry : Chemicals
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  • Published Date : NA
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Summary

Report Description

Plastic Calendaring Resins market is anticipated to expand significantly through 2028 due to the growing demand from the food & beverage sector. In 2021, the annual sales of retail food and beverage in the United States was around USD 880 billion.

With government's strict rules and policies to decrease single-use plastic waste, boost biodegradable plastics, and emphasis on a sustainable future result in the extensive use and demand for bio-plastic calendaring resins increases. Growing understanding of various properties of these resins, including durability, toughness, flexibility, and abrasion resistance increases the demand of plastic calendaring resins. With rising demand from end-use industries, including food & beverage, healthcare & medical, and cosmetic & personal care are anticipated to drive the global Plastic Calendaring Resins Market in the projected period.

High Demand for Flexible Packaging

Flexible packaging is a technique for enclosing goods in non-rigid materials, allowing for more affordable and adaptable solutions. Food and beverage, personal care, and medical sectors employ flexible packaging. Consumers are drawn to packaging that offers ease, product safety, and longer shelf life. According to research by the Flexible Packaging Association, more than 60% of consumers preferred flexible packaging as it is easier to store, reseal, open, and has a longer shelf life.

For instance, according to the Flexible Packaging Association, approximately 2/3 of all packaging is for food & beverages, and about 90% of flexible packaging is used for these products.

Therefore, increasing demand for flexible packaging anticipated the market growth in the upcoming years.

Increasing demand from Food & Beverage Sector

Due to consumers busy schedules and changing consumer preferences, convenience food is getting more and more popular. The variety of readily available food substitutes has expanded because to innovative packaging and cutting-edge technologies, including packed, frozen, chilled, etc. The makers of packaging are most concerned with providing product safety and sustainability. Food is being packaged by consumer goods companies more often, which has altered customers' desires for quick meals. To achieve this consumer good companies are shifting toward the use of PVC, PET, PETG packaging films for food products. These packaging films have variety of properties like flexible packaging, reseal ability, UV resistance, shock resistance, recyclable nature, improved shelf life, no contamination and low shrinkage tendency. In addition, these packaging films are preferred by many food industries as they are more economical than other packaging material.

For Instance, FSSAI in 2022, released a direction regarding the Operationalization of Draft Food Safety and Standards (Packaging) Amendment Regulations, 2022, regarding using recycled plastic as food contact materials with immediate effect.

Thus, increasing demand from the food & beverage sector leads to the growth of the market in the forecast period.

Polyethylene Terephthalate (PET) will be the Key Type

Polyethylene Terephthalate (PET) calendaring resin has special characteristics including flexibility, recyclable nature, and heat and impact resistance. Due to its heat resistance and durability, PET resin is mostly used in the cosmetic and food sectors. The items created from PET are great for hard food packaging, meal trays, and cosmetic packaging.

Moreover, PETG calendaring resin has both the properties of polyethylene terephthalate and glycols. It has low thermal expansion coefficient along with good stiffness to weight ratio making it an excellent material for various applications like automotive parts, consumer goods packaging, etc.

Therefore, increasing demand for calendaring resins accelerates the growth of the Global Plastic Calendaring Resins Market in the upcoming years.

Recent Developments

  • In December 2022, SABIC collaborates with Scientex to develop the world’s first flexible food packaging made based on advanced recycled OBP, using SABIC certified circular polypropylene (PP).
  • Cosmo Films set up a CPP film production line in Aurangabad at an investment of USD 18 million for expanding film production for packaging applications in April 2022.
  • In December 2021, SABIC introduced LNP ELCRIN IQ a new chemically upcycled polybutylene terephthalate (PBT) calendaring resin made from PET bottle debris that was dumped into the ocean to reduce ocean pollution.
  • The cooperation between NEOS Olefins & Polymers and Saica Natur in a supply arrangement for recycled LDPE and LLDPE was announced in September 2020.


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Market Segmentation

Global Plastic Calendaring Resins Market is segmented based on type, end use, and region. Based on the type, the market is fragmented into polyvinyl chloride (PVC), polyethylene terephthalate (PET), polypropylene (PP), and others. Based on the end use, the market is segmented into food & beverages, healthcare & medical, automotive, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Market Players

Formosa Plastics Corporation, Eastman Chemical Co, Saudi Basic Industries Corporation, Indorama Ventures Public Company Limited, LOTTE Chemical Corporation, LG Chem Ltd., Reliance Industries Limited, LyondellBasell Industries Holdings B.V., INEOS Olefins & Polymers USA, LLC, Westlake Corporation are some of the key players of Global Plastic Calendaring Resins Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Type

End Use

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China, India, South Korea, Japan, Thailand, Brazil, Argentina, South Africa, Saudi Arabia, UAE

Key companies profiled

Formosa Plastics Corporation, Eastman Chemical Co, Saudi Basic Industries Corporation, Indorama Ventures Public Company Limited, LOTTE Chemical Corporation, LG Chem Ltd., Reliance Industries Limited, LyondellBasell Industries Holdings B.V., INEOS Olefins & Polymers USA, LLC, Westlake Corporation

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Global Plastic Calendaring Resins market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Plastic Calendaring Resins Market, By Type:
    • Polyvinyl Chloride (PVC)
    • Polyethylene Terephthalate (PET)
    • Polypropylene (PP)
    • Others
  • Plastic Calendaring Resins Market, By End Use:
    • Food & Beverages
    • Healthcare & Medical
    • Automotive
    • Others
  • Plastic Calendaring Resins Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Thailand
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in Global Plastic Calendaring Resins market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Plastic Calendaring Resins Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected].

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Plastic Calendaring Resins Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Type (Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polypropylene (PP), Others)

5.2.2.    By End Use (Food & Beverages, Healthcare & Medical, Automotive, Others)

5.2.3.    By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.4.    By Company (2022)

5.3.  Market Map

5.3.1.    By Type

5.3.2.    By End Use

5.3.3.    By Region

6.    North America Plastic Calendaring Resins Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By End Use

6.2.3.    By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.    United States Plastic Calendaring Resins Market Outlook

6.4.1.1.        Market Size & Forecast

6.4.1.1.1.           By Value & Volume

6.4.1.2.        Market Share & Forecast

6.4.1.2.1.           By Type

6.4.1.2.2.           By End Use

6.4.2.    Mexico Plastic Calendaring Resins Market Outlook

6.4.2.1.        Market Size & Forecast

6.4.2.1.1.           By Value & Volume

6.4.2.2.        Market Share & Forecast

6.4.2.2.1.           By Type

6.4.2.2.2.           By End Use

6.4.3.    Canada Plastic Calendaring Resins Market Outlook

6.4.3.1.        Market Size & Forecast

6.4.3.1.1.           By Value & Volume

6.4.3.2.        Market Share & Forecast

6.4.3.2.1.           By Type

6.4.3.2.2.           By End Use

7.    Europe Plastic Calendaring Resins Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By End Use

7.2.3.    By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.    France Plastic Calendaring Resins Market Outlook

7.4.1.1.        Market Size & Forecast

7.4.1.1.1.           By Value & Volume

7.4.1.2.        Market Share & Forecast

7.4.1.2.1.           By Type

7.4.1.2.2.           By End Use

7.4.2.    Germany Plastic Calendaring Resins Market Outlook

7.4.2.1.        Market Size & Forecast

7.4.2.1.1.           By Value & Volume

7.4.2.2.        Market Share & Forecast

7.4.2.2.1.           By Type

7.4.2.2.2.           By End Use

7.4.3.    United Kingdom Plastic Calendaring Resins Market Outlook

7.4.3.1.        Market Size & Forecast

7.4.3.1.1.           By Value & Volume

7.4.3.2.        Market Share & Forecast

7.4.3.2.1.           By Type

7.4.3.2.2.           By End Use

7.4.4.    Spain Plastic Calendaring Resins Market Outlook

7.4.4.1.        Market Size & Forecast

7.4.4.1.1.           By Value & Volume

7.4.4.2.        Market Share & Forecast

7.4.4.2.1.           By Type

7.4.4.2.2.           By End Use

7.4.5.    Italy Plastic Calendaring Resins Market Outlook

7.4.5.1.        Market Size & Forecast

7.4.5.1.1.           By Value & Volume

7.4.5.2.        Market Share & Forecast

7.4.5.2.1.           By Type

7.4.5.2.2.           By End Use

8.    Asia-Pacific Plastic Calendaring Resins Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By End Use

8.2.3.    By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.    China Plastic Calendaring Resins Market Outlook

8.4.1.1.        Market Size & Forecast

8.4.1.1.1.           By Value & Volume

8.4.1.2.        Market Share & Forecast

8.4.1.2.1.           By Type

8.4.1.2.2.           By End Use

8.4.2.    India Plastic Calendaring Resins Market Outlook

8.4.2.1.        Market Size & Forecast

8.4.2.1.1.           By Value & Volume

8.4.2.2.        Market Share & Forecast

8.4.2.2.1.           By Type

8.4.2.2.2.           By End Use

8.4.3.    South Korea Plastic Calendaring Resins Market Outlook

8.4.3.1.        Market Size & Forecast

8.4.3.1.1.           By Value & Volume

8.4.3.2.        Market Share & Forecast

8.4.3.2.1.           By Type

8.4.3.2.2.           By End Use

8.4.4.    Japan Plastic Calendaring Resins Market Outlook

8.4.4.1.        Market Size & Forecast

8.4.4.1.1.           By Value & Volume

8.4.4.2.        Market Share & Forecast

8.4.4.2.1.           By Type

8.4.4.2.2.           By End Use

8.4.5.    Thailand Plastic Calendaring Resins Market Outlook

8.4.5.1.        Market Size & Forecast

8.4.5.1.1.           By Value & Volume

8.4.5.2.        Market Share & Forecast

8.4.5.2.1.           By Type

8.4.5.2.2.           By End Use

9.    South America Plastic Calendaring Resins Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By End Use

9.2.3.    By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.    Brazil Plastic Calendaring Resins Market Outlook

9.4.1.1.        Market Size & Forecast

9.4.1.1.1.           By Value & Volume

9.4.1.2.        Market Share & Forecast

9.4.1.2.1.           By Type

9.4.1.2.2.           By End Use

9.4.2.    Argentina Plastic Calendaring Resins Market Outlook

9.4.2.1.        Market Size & Forecast

9.4.2.1.1.           By Value & Volume

9.4.2.2.        Market Share & Forecast

9.4.2.2.1.           By Type

9.4.2.2.2.           By End Use

10. Middle East and Africa Plastic Calendaring Resins Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By End Use

10.2.3. By Country

10.3.             Pricing Analysis

10.4.             MEA: Country Analysis

10.4.1. South Africa Plastic Calendaring Resins Market Outlook

10.4.1.1.     Market Size & Forecast

10.4.1.1.1.         By Value & Volume

10.4.1.2.     Market Share & Forecast

10.4.1.2.1.         By Type

10.4.1.2.2.         By End Use

10.4.2. Saudi Arabia Plastic Calendaring Resins Market Outlook

10.4.2.1.     Market Size & Forecast

10.4.2.1.1.         By Value & Volume

10.4.2.2.     Market Share & Forecast

10.4.2.2.1.         By Type

10.4.2.2.2.         By End Use

10.4.3. UAE Plastic Calendaring Resins Market Outlook

10.4.3.1.     Market Size & Forecast

10.4.3.1.1.         By Value & Volume

10.4.3.2.     Market Share & Forecast

10.4.3.2.1.         By Type

10.4.3.2.2.         By End Use

11. Market Dynamics

11.1.             Drivers

11.1.1. Rising demand from Food & Beverage Industry

11.1.2. Growing demand from Healthcare & Medical Sector

11.1.3. Increasing demand for Flexible Packaging

11.2.             Challenges

11.2.1. Easy availability of various alternatives

11.2.2. Stringent Government regulations

12. Market Trends & Developments

12.1.             Product Launches

12.2.             Merger’s & Acquisitions

12.3.             Technological Advancements

13. Global Plastic Calendaring Resins Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Types

15. Competitive Landscape

15.1.             Business Overview

15.2.             Type Offerings

15.3.             Recent Developments

15.4.             Financials (In Case of Listed Companies)

15.5.             Key Personnel

15.6.             SWOT Analysis

15.6.1. Formosa Plastics Corporation

15.6.2. Eastman Chemical Co

15.6.3. Saudi Basic Industries Corporation

15.6.4. Indorama Ventures Public Company Limited

15.6.5. LOTTE Chemical Corporation

15.6.6. LG Chem Ltd.

15.6.7. Reliance Industries Limited

15.6.8. LyondellBasell Industries Holdings B.V.

15.6.9. INEOS Olefins & Polymers USA, LLC

15.6.10.              Westlake Corporation

Strategic Recommendations

Figures and Tables

Frequently asked questions

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The growing need for plastics in the packaging sector, mainly in the food and beverage sector, is the key factor driving Global Plastic Calendaring Resins Market.

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Formosa Plastics Corporation, Eastman Chemical Co, Saudi Basic Industries Corporation, Indorama Ventures Public Company Limited, LOTTE Chemical Corporation, LG Chem Ltd., Reliance Industries Limited, LyondellBasell Industries Holdings B.V., INEOS Olefins & Polymers USA, LLC, Westlake Corporation are some of the key players of Global Plastic Calendaring Resins Market.

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North America is expected to hold the largest market share over the next five years due to the availability of raw material and adoption of advanced technologies.

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Calendaring is a specialty process for high-volume, high quality plastic film and sheet, mainly used for PVC as well as for certain other modified thermoplastics.

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Sakshi Bajaal

Business Consultant
Press Release

Plastic Calendaring Resins Market to be Dominated by Food & Beverage Sector through 2028

May, 2023

Rising demand from the healthcare & medical sector is expected to drive the Plastic Calendaring Resins market in the forecast period 2024-2028

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