Global Plastic Packaging Market: Bioplastics and Nanotechnology to Determine Leader in Highly Fragmented Competitive Landscape, Says TMR
The plastic packaging industry is highly fragmented in nature, with the top five companies accounting for merely 11% share of the in 2013. This has led to low market concentration as there are a large number of plastic packaging manufacturers in the market. Moreover, the key focus of the industry is on the development of innovative products through technical advancement. These factors help in lowering the entry barriers for newcomers. However, environmental regulations regarding certain materials used in the manufacture...
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