Accelerating Demand from the Packaging Industry
Packaging containers are made of polymers with High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyethylene Terephthalate (PET), Polypropylene (PP) and PVC (Polyvinyl Chloride). The growing demand for plastics in the packaging industry and the expected market growth rate for Bi-oriented Polypropylene (Bopp) of around 6%, which is twice the average global GDP growth, shows a sign for the increased demand for packaging.
Traditional Plastics dominating the Global Market
Polyolefins dominated the traditional plastic segment in 2017. Polyolefins are used in a wide variety of applications, including grocery bags, containers, toys, adhesives, home appliances, engineering plastics, automotive parts and medical applications. Polyolefins can be divided into, polyethylene (PE), polypropylene (PP) and ethyl vinyl acetate (EVA). Polyethylene is mostly used in plastic grocery bags and shrink wrap. Polypropylene is a hard plastic resin that is used in carpeting, dishwasher-safe plastic food containers and food packaging. The changing lifestyles of people and excessive consumption habits are expected to drive the demand for food & beverage sector. The consumption demand of plastics in packaging industry is expected to drive by the increasing household and commercial applications. Plastic bags have been produced for more than 20 years in Myanmar but since 2009 manufacturers are required to stamp “Reduce, Reuse and Recycle” on all plastic bags. The growing use of plastic in household and commercial applications propel the demand for polyolefins for the forecast period.
Injection Molding Technology to dominate the market through 2023
Injection molding technology is used in the production of high precision engineering components and various disposable consumer products for the housing, electronics, medical, and automotive industries. Moreover, recent developments in the injection molding technologies such as the multiple component injection technology, micro injection technology, and modern day injection molding machines results in better and efficient end products, thus driving the use of this technology in the production process of various plastics products.
The key players are POPULAR PLASTIC INDUSTRY GROUP CO., LTD., SHWE MI INDUSTRIAL CO., LTD., MYANMAR PIPES & ACCESSORIES CO., LTD. (TOKYO PIPE CO., LTD), INDORAMA VENTURES PACKAGING (MYANMAR) LIMITED, AND MYIT SHWE WAH INDUSTRY CO. LTD., while other players in the market include CHERRY PLASTIC ENTERPRISE, GREAT FOUNDATION PLASTIC MANUFACTURING FACTORY, HMWE PLASTIC BAG ENTERPRISE, NEW SUPER INDUSTRIAL CO., LTD., REVA COMPANY LIMITED, TAHHSIN INDUSTRIAL CORP.
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- Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
- Various market perspectives, with the help of Porter’s five forces analysis
- Regions or countries that are expected to witness the fastest growth during the forecast period
- Information about the application segment which is going to dominate the market over the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 PESTEL Analysis
3.4 Import and Export
3.5 Price Analysis
3.6 Machinery and Technology
3.7 Government Plans and Policies
3.8 Macroeconomic Factor
3.9 Raw Material Analysis
4. Market Dynamics
4.1.1 Government Support
4.1.2 Growing demand from end-user industries
4.1.3 Rise in demand from packaging insutry
4.2.1 Unfavorable business climate
4.2.2 Dependence of raw material market on imports
4.3.1 Untapped market economies
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.1.1 Traditional Plastics
22.214.171.124 Poly-Vinyl Chloride
5.1.2 Engineering Plastics
126.96.36.199 By Application
188.8.131.52 Styrene Copolymers (ABS & SAN)
184.108.40.206 Thermoplastic Polyesters
5.3 By Technology
5.3.1 Injection Molding
5.3.2 Extrusion Molding
5.3.3 Blow Molding
5.4 By Application
5.4.6 Furniture & Bedding
5.4.7 Pipes and Fittings
5.4.8 Films and Sheets
5.4.10 Other Industrial
6. Competitive Landscape
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
7. Company Profiles
7.1 Popular Plastic Industry Group Co., Ltd.
7.2 SHWE MI Industrial Co., Ltd.
7.3 Myanmar Pipes & Accessories Co., Ltd. (Tokyo Pipe Co., Ltd)
7.4 Indorama Ventures Packaging (Myanmar) Limited
7.5 MYIT SHWE WAH Industry Co. Ltd.
7.6 Cherry Plastic Enterprise
7.7 Great Foundation Plastic Manufacturing Factory
7.8 HHWE Plastic Bag Enterprise
7.9 New Super Industrial Co., Ltd.
7.10 Reva Company Limited
7.11 Tahhsin Industrial Corp.
7.12 *List Not Exhaustive
9. **Subject to Feasibility and Availability
- POPULAR PLASTIC INDUSTRY GROUP CO. LTD.
- SHWE MI INDUSTRIAL CO. LTD.
- MYANMAR PIPES & ACCESSORIES CO. LTD. (TOKYO PIPE CO. LTD)
- INDORAMA VENTURES PACKAGING (MYANMAR) LIMITED
- MYIT SHWE WAH INDUSTRY CO. LTD.
- CHERRY PLASTIC ENTERPRISE
- GREAT FOUNDATION PLASTIC MANUFACTURING FACTORY
- HMWE PLASTIC BAG ENTERPRISE
- NEW SUPER INDUSTRIAL CO. LTD.
- REVA COMPANY LIMITED
- TAHHSIN INDUSTRIAL CORP.