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Packaging (Plastics) Market Report 2010
Key Note Publications Ltd, Feb 2010, Pages: 121
In 2009, the UK market for plastic packaging was worth an estimated £3.47bn, having been one of the most dynamic sectors of the UK packaging industry during the previous decade. Between 2005 and 2008, the apparent UK market value grew by 15.6%, but growth tailed off dramatically in 2009, mainly as a result of the economic downturn. In terms of volume, more than 1.65 million tonnes of plastic packaging are consumed in the UK every year, equivalent to just over 27 kilograms (kg) per capita.
If present trends continue, plastic is expected to become the packaging market's largest sector at some point within the next decade, overtaking paper and board. Packaging is the leading application for the UK plastics industry, currently accounting for 38% of annual usage. Leading end-user industries for plastic packaging include food and drink, pharmaceuticals, and cosmetics and personal care.
Levels of innovation within the market remain high, with many forms of plastic packaging becoming increasingly versatile, sophisticated and lightweight. Environmental concerns are a key market driver, with UK and EU legislation obligating suppliers to recover and recycle increasing quantities of raw materials, as well as keeping their use of these materials to a minimum. Plastic is generally perceived as environmentally friendly in most instances, mainly on account of its lower weight than other packaging materials, against which it also compares favourably in terms of cost.
From a supply perspective, the UK market for plastic packaging has undergone some significant changes over the past few years. Rexam increased its share of the global market through its 2007 acquisition of O-I Plastics, by which time Low & Bonar and Autobar had largely left the market. Amcor appears set to increase its share of the market, should its proposed acquisition of Alcan's food-packaging business go ahead.
The UK market for plastic packaging is forecast to decline in value by 3.5% in 2010, as a result of the recession and the continued weak state of the UK economy, with demand from most end-user industries forecast to either remain static or contract. The market is expected to face many challenges over the coming years, including high energy costs, a projected rise in prices for raw materials, and ever increasing pressures to reduce and recycle the materials used for packaging, for environmental reasons.
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