Report names top five suppliers in global molded plastic packaging market

Report names top five suppliers in global molded plastic packaging market

Competitive vendor landscape expected to intensify

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By: Kari Embree of PlasticsToday.com

Market research company Technavio (London) has released a report announcing the top five leading vendors in its recent global molded plastic packaging market 2016-2020 report. The report also lists 10 other leading vendors that are expected to impact the market during the forecast period.

According to the report, the global molded plastic packaging market will see a steady growth with a CAGR of over 5% during the forecast period. Molded polyethylene terephthalate (PET) is emerging as the most favored polymer or material for packaging due to its flexibility and versatility.

The global molded plastic packaging market is competitive with several vendors offering various blowmolded plastic packaging products. The competitive landscape in this market is expected to intensify in the future, with a rise in product extensions, innovations in technology, and more merger and acquisitions. Some of the top players in this market include Alpha Packaging (St. Louis, MO), Apex Plastics (Brookfield, MO), Plastipak Holdings (Plymouth, MI), Sidel (Hünenberg, Switzerland) and Silgan Plastics (Stamford, CT).

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