OQ highlights rigid packaging solutions at Chinaplas 2023

OQ highlights rigid packaging solutions at Chinaplas 2023

The Asia Pacific region dominated the global rigid packaging market in 2022, holding a 39% share of market revenue

  • By ICN Bureau | April 19, 2023

OQ, an integrated energy company from Oman, is showcasing its solid insights and advanced solutions for rigid packaging to help customers across Northeast Asia (NEA) and Southeast Asia (SEA) better capture market demand at Chinaplas 2023.

According to a release issued by OQ, the Asia Pacific region dominated the global rigid packaging market in 2022, holding a 39% share of market revenue. Market demand has continued to robustly grow across NEA and SEA countries; in China, the rigid packaging market was valued at USD 16 billion in 2022 and is expected to hit more than USD 56 billion by 2030, representing a 4.7% CAGR from 2023 to 2030.

To respond to such outstanding trends, OQ is presenting its rigid packaging solutions with OQLUBAN HP2151T being the focus. Designed for thin-wall packaging, the highlighted grade’s higher flowability (60MI), faster cooling and less warpage can assist packaging manufacturers to speed up cycle time by up to 5% for improved productivity.

It is also able to deliver up to 15% energy savings and up to 8% CO2 reduction potential during moulding for enhanced sustainability. Together with optimized properties like stronger stiffness, they contribute to thinner walled packaging for lighter weight and up to 25% lower haze for aesthetics appearance.

Hellen Huang, General Manager of OQ Marketing (Shanghai) Co., Ltd, noted: “All our solutions results from product development based on market pull, as OQ focuses on the future trends in key markets. We tackle unique challenges by listening to our customers’ business needs and working closely with them to co-create high-value solutions, as we always believe in cooperation is the key to unlocking OQ’s sustained growth.”

Taking OQLUBAN HP2151T as an example, OQ worked with a highly reputable thin-wall packaging manufacturer in China, to continuously optimize formulation and overcome development bottlenecks like warpage, mold releasing and shot short problem during production. The grade is well accepted by the customer. OQ also worked with world-renowned fine chemical producer Milliken, partnering with its Singapore office and Shanghai lab to test and prove the grade’s competitive advantages.

“Our comprehensive competitiveness is now also improving thanks to our growing service teams and expanding delivery network. Boasting these strengths as well as having noted new opportunities in NEA and SEA, especially in China, we hope to have in-depth communication with Chinese customers and partners at Chinaplas to explore more possibilities of shared valued growth in the rigid packaging industry,” affirmed Abdul Rahman Al Tamtami, VP Global Marketing.

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