A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global calendering resins market. Presenting exclusive insights into the market from 2017 to 2025, the report projects that the market will witness significant growth during the forecast period. The growth of the calendering resins market is primarily attributed to increasing adoption in flexible packaging applications and shifting preference of consumers from traditional packaging to novel methods of packaging. Over the years, inclination towards the different types of calendering resins, namely- PVC, PET, and PETG films has significantly increased in packaging, protection, and distribution of food products, owing to economic feasibility. On the back of this factor, calendering resins are finding significant applications in the foods & beverages (F&B) industry, which is expected to contribute to a major portion of the revenue.
Proliferating Applications in F&B Packaging Propel Market Revenue
High usage of PET, PETG, and PVC in packaging and distribution applications in the F & B industry is bolstering the growth of the calendering resins market. The said product types are gaining prominence among the F&B players due to their high quality and affordability Moreover, using these products for packaging food products extends shelf life, allows flexible packaging, eases the storing process, offers resealability, minimizes contamination, provides resistance to ultraviolet radiations and physical shocks, and lowers the tendency to shrink. Owing to the aforementioned benefits coupled with economic feasibility, these packaging films are the first choice of F&B players. In addition to the F&B sector, high demand for flexible packaging plastic in the healthcare and medical sector is also anticipated to translate into revenue prospects for the calendering resins market. The growth of the market is also complemented by the swift growth of the residential sector and manufacturing across the calendering resins. The demand for safer and flexible packaging films for products among pharmaceutical and agriculture sectors is augmenting the need for flexible packaging for the containers used in shipping products and is subsequently bestowing lucrative opportunities for market growth.
Product Innovations to Forefront Market Growth
Introduction of new products in the flexible packaging market such as vacuum pouches, high-temperature retort pouches, and stand-up pouches, forefronted the growth of the flexible packaging market, which continues to channel a remarkable amount of sales. Since the addition of layers in the flexible packaging structure enhances the functionality, economic viability, uses less amount of plastic, and reduces weight. The lightweight characteristics of flexible packaging makes recycling easier and subsequently increases the inclination of manufacturers towards flexible packaging solutions over rigid packaging solutions. The high adoption of calendering resins is, in turn, expected to shape the growth trajectory of the calendering resins market.