The "Plastic Bottles and Containers - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global Plastic bottles and Containers Market 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
Altium Packaging LLC
Container Corporation of Canada Ltd.
Graham Packaging Company
Greiner Packaging GmbH
Plastipak Holdings Inc.
Alpack Plastic Packaging
Berry Plastics Corporation
CKS Packaging, Inc.
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
3.6 End-user Analysis
3.7 Emerging Markets
3.8 Impact of COVID-19
4 Porters Five Forces Analysis
4.1 Bargaining Power of Suppliers
4.2 Bargaining Power of Buyers
4.3 Threat of Substitutes
4.4 Threat of New Entrants
4.5 Competitive Rivalry
5 Global Plastic Bottles and Containers Market, By Raw Material
5.2 High Density Polyethylene (HDPE)
5.3 Low Density Polyethylene (LDPE)
5.4 Polyethylene Terephthalate (PET)
5.5 Polypropylene (PP)
6 Global Plastic Bottles and Containers Market, By Sales Channel
6.2 Distribution Channel
6.3 Direct Channel
7 Global Plastic Bottles and Containers Market, By Plastic Processing
7.3 Injection Blow Molding
8 Global Plastic Bottles and Containers Market, By End-user
8.3 Cosmetics & Personal Care
8.4 Fast-Moving Consumer Goods (FMCG)
8.6 Household Care
9 Global Plastic Bottles and Containers Market, By Geography
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launches
10.5 Other Key Strategies
11 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/r/6hqiew
View source version on businesswire.com: https://www.businesswire.com/news/home/20201020005585/en/
Laura Wood, Senior Press Manager
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