Global Plastic Bottles Market Research Report published by market insight reports explores the current outlook in Global and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the Global market, and divides the Market into several parameters.
This Plastic Bottles Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes the projected growth of the Global market for approaching years from 2019 to 2023. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.
The plastic bottles market was valued at USD 239.07 billion in 2017, and is expected to reach a value of USD 402.94 billion by 2023, at a CAGR of 5.20%, during the forecast period (2018 – 2023). The scope of the report includes raw material like polyethylene terephthalate, poly propylene, low density poly ethylene, high density poly ethylene and end user vertical like food, beverage, cosmetics, pharmaceutical, and household chemicals. The regions considered in the report include North America, Europe, Asia pacific, Latin America, and Middle East & Africa.
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The prominent players in the Global Plastic Bottles Market:
AMCOR LIMITED, COSPACK AMERICA CORPORATION, BERICAP GMBH & CO. KG, REXAM PLC, BERRY PLASTICS, GRAHAM PACKAGING COMPANY, CONTAINER CORPORATION OF CANADA, ONTARIO PLASTIC CONTAINER PRODUCERS LTD, CONSTAR INTERNATIONALS, INC., ALPHA PACKAGING, ALPACK PLASTICS, INTERNATIONAL PACKAGING CORPORATION, PLASTIPAK HOLDINGS, INC, and Others.
Key Market Trends: –
Increasing Consumer Preference for Plastic Packaging over Other Products Is Driving the Market
As plastic packages are light-weight and easier to handle the adoption of these products is growing. Manufacturers are also preferring the use of plastic packaging solutions, due to lower costs of production. There are a wide variety of innovative, cost-effective, and sustainable packaging solutions emerging in the market. Increasing awareness about environmental issues regarding the use of plastic remains a major constraint for growth in the plastic industry. As the usage of plastic and plastic products have potentially hazardous effects on the environment, governments across the world have imposed very stringent rules and regulations in the industry, making it a relatively slower growing industry, compared to other materials.
Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE) and Polypropylene are the Most Used Plastic Materials
LPDE is a thermoplastic made from the monomer ethylene, which is not reactive at room temperature. It has no branching, and can withstand temperatures of 80C, continuously. It is made in translucent or opaque variations. HPDE is a polyethylene thermoplastic made from petroleum. It is known for its large strength-to-density ratio, and has major application in plastic bottle production. It has limited branching, which gives it stronger intermolecular forces and greater tensile strength than LDPE. HPDE is harder, more opaque and can withstand higher temperatures (110C). Polypropylene is an addition polymer made from monomer propylene. The polymer is rugged and unusually resistant to many chemical solvents-bases and acids. Hence, the types of plastic bottles are made based on the requirement and usage. The ease of use and high demand for plastic bottles is expected to help the plastic bottles market grow at a moderate rate, during the forecast period.
Plastic Bottles are Expected to Continue Holding the Highest Market Share in Primary Pharmaceutical Containers
Plastic bottles are being used in bulk and prescription dose packaging of oral ethical drugs and the packaging of solid dose oral over-the-counter medicines in large quantities. The recyclable nature of bottles makes them a very attractive choice. Due to multiple uses, plastic bottles are in huge demand in industries like pharmaceuticals. The number of Companies looking to expand into emerging markets, with no sophisticated cold storage chains and producing packages those can provide longer shelf life are growing. Under these circumstances, the demand for plastic packaging products, such as bottles and containers, has increased tremendously in the last decade, and has been a major driver for the global plastic bottles market.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Plastic Bottles Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Plastic Bottles Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
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Finally, the Plastic Bottles market report offers a complete and detailed study of Global Plastic Bottles market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter’s five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except than this, market insight reports will provide customization as per specific demands.
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