The Global Plastics Bottle Market size is projected to grow with a CAGR of 6.2% during the forecast period, to reach USD 93.6 billion by 2028. The fastest-growing region will be the Asia Pacific and the Middle East & Africa with a CAGR of 5.2%. The growth can be attributed to an increase in demand for plastic bottles around the world due to factors such as rising disposable income and changing lifestyle trends.
A Plastic Bottle is an object which holds liquid in a plastic or glass vessel and has a narrow neck at the top for pouring. Like bottles, they are usually made of glass or hard plastics but some are also made from paperboard, metal (steel), aluminum foil, and other materials. They come with screw-on lids that can be sealed to avoid spilling any content while transporting it over certain distances. As a result of growing popularity and ease of use, plastic bottle usage has risen to over 75% in the global market. With so many applications for plastic bottles, it is hard to keep track of them all but some major uses are:
Plastic Bottles can be used as storage containers for beverages such as water, juice, milk, or soda. They also come with screw-on lids that make transporting these liquids easier than carrying around glass bottles without spilling their contents along the way. In addition, Plastic Bottles serve as excellent holders for chemical products like household cleaners and automotive fluids because they provide strong protection against leaks while storing materials that may react violently if mixed together. Lastly, Plastic Bottles have become increasingly popular due to the emergence of food-grade plastics. These bottles can be used as storage space for many different types of foods including acidic fruits and vegetables which require a protective container in order to maintain the integrity of their flavor, nutrients, and shape
On the basis of Type, the market is segmented into HDPE Plastic Bottles, PET Plastic Bottles, and PVC Plastic Bottles.
HDPE is one of the most popular types of plastics used in plastic bottles. According to research, HDPE can be recycled up to 100 times before it becomes too brittle and breaks down. It also offers excellent barrier properties against gases and odors so food or drink does not spoil easily while inside a bottle made from this material. The largest users are for milk packaging, where there is strict legislation on what materials may be used in these packages, as well as other dairy products like yogurt and margarine tubs which require an inert package that excludes oxygen, light, and moisture whilst protecting the product's quality over time. Other common uses include detergent boxes, garbage bags, and more recently wine vessels.
PET plastic bottles are globally known as a durable and recyclable material, which makes them an excellent choice for many industries. The main application of these types of plastics is in the production of food and beverage containers such as soft drinks and water bottles; this accounts for more than 50% of PET usage worldwide. Other common uses include detergent boxes, garbage bags, and more recently wine vessels.
PVC plastic bottles are used for the transportation and storage of liquids. This type is made out of polyvinyl chloride (or vinyl) which has a low cost when compared to other types of plastics; this makes it practical in the production of water, milk, beer, and soft drink containers that have their contents transferred without being consumed.
On the basis of Application, the market is segmented into Logistics, chemicals, Food and Beverages, Others. Protective packaging is also a major application of plastics in the market. The growth of this segment can be attributed to the increased demand for food and beverages from developing economies. The Chemicals segment is estimated to lead the global plastics bottle market on account of increasing use in various industries such as detergents, alcohols, and household cleaners.
On the basis of Region, the global plastic bottle market has been classified into North America (US & Canada), Latin America (Mexico as well as Brazil) Europe (UK& Western European countries), the Asia Pacific excluding Japan (China & India), Japan, Middle East& Africa. The North American market is projected to grow at a faster CAGR during the forecast period. This is attributed mainly due to the presence of major plastics manufacturers in North America and the availability of raw materials, such as natural gas, shale gas, coalbed methane, and crude oil. The use of plastic bottles for logistic applications has increased tremendously over the last few years. Its usage can be attributed to factors like sustainability, convenience, etc. Plastic Bottles are consumed globally but the majority share belongs to the Asia Pacific region owing to a growing population. Thereby it accounted for more than half (52%) global consumption volume followed by Europe with a 26% market share. In terms of value, Europe holds 29% while China holding the most number (46%).
Up Market Research published a new report titled “Plastics Bottle Market research report which is segmented by Types (HDPE Plastic Bottles, PET Plastic Bottles, PVC Plastic Bottles), By Applications (Logistics, Chemical, Food and Beverages, Others), By Players/Companies Berry Plastics, Amcor, Alpha Packaging Holdings, CKS Packaging, Plastipak”.
|Report Attributes||Report Details|
|Report Title||Plastics Bottle Market Research Report|
|By Type||HDPE Plastic Bottles, PET Plastic Bottles, PVC Plastic Bottles|
|By Application||Logistics, Chemical, Food and Beverages, Others|
|By Companies||Berry Plastics, Amcor, Alpha Packaging Holdings, CKS Packaging, Plastipak|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||248|
|Number of Tables & Figures||174|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type HDPE Plastic Bottles, PET Plastic Bottles, PVC Plastic Bottles and By Application Logistics, Chemical, Food and Beverages, Others.
Some of the companies that are profiled in this report are:
Plastics Bottle Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Plastics Bottle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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