Plastic Bottles and Containers - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Plastic Bottles and Containers Market is accounted for $37.03 billion in 2019 and is expected to reach $55.55 billion by 2027 growing at a CAGR of 5.2% during the forecast period. Increasing adoption of lightweight packaging methods and growing inclination from consumers over other products are the major factors propelling the market growth. However, environmental concern regarding use of plastics and non-availability of raw materials are hampering the market growth.
Plastic bottles and containers can be defined as a packaging method and its structure is defined as having a neck smaller than that of its whole structure. It is majorly defined as being fit for multiple uses and has the capability of storing both foods and beverages.
Based on the raw material, the polyethylene terephthalate (PET) segment is going to have a lucrative growth during the forecast period due to the factors such as weight reduction compared to glass and allowing a more economical transportation process. Currently, plastic bottles made from PET are widely replacing the heavy and fragile glass bottles, as they offer reusable packaging for mineral water and other beverages. With this rising trend likely to continue, it is set to propel the demand for PET in bottled water packaging.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the presence of two highly populated countries, i.e., China and India. In these countries, the increase in disposable income will act as a supplement for the growth of industries such as food and beverages, pharmaceuticals, pet food, and cosmetics, which in return will help in flourishing the plastic bottles and containers market. With the rapidly growing Chinese economy, there has been an increase in consumer spending on personal and home-care products, such as perfumes and cosmetics. Furthermore, India is also expected to witness a rise in plastic packaging used in the food and beverage industry, especially with the recent nationwide lockdown, which is increasing the need for more long-term food storage.
Some of the key players profiled in the Plastic Bottles and Containers Market include Alpha Packaging, Altium Packaging LLC, Amcor PLC, Comar LLC, Container Corporation of Canada Ltd, Gerresheimer AG, Graham Packaging Company, Greiner Packaging GmbH, Plastipak Holdings Inc, RESILUX NV, Smurfit Kappa, Alpack Plastic Packaging, Berry Plastics Corporation, and CKS Packaging, Inc.
Raw Materials Covered:
• High Density Polyethylene (HDPE)
• Low Density Polyethylene (LDPE)
• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
Sales Channels Covered:
• Distribution Channel
• Direct Channel
Plastic Processing Covered:
• Injection Blow Molding
End Users Covered:
• Cosmetics & Personal Care
• Fast-Moving Consumer Goods (FMCG)
• Household Care
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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