Growing Trend of Using Recycled Plastic Bottles in the Food and Beverages Industry Would Greatly Support Plastic Bottles and Containers Market Expansion
Rockville, Feb. 09, 2023 (WORLD NEWSWIRE) — According to the most recent released market report by Fact.MR, a marketing research and competitive intelligence service provider, at present, the international plastic bottles and containers market is valued at US$ 155 billion and is anticipated to reach a market size of US$ 230 billion by 2032.
Sales of plastic bottles and containers are forecasted to be enhanced by the intro of brand-new drink items with practical advantages by a variety of drink companies and increasing customer health awareness. Plastic bottles and containers utilized in the drinks market are the primary parts that guarantee safety and longer service life while likewise defending against spillage, humidity, and contaminants.
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Key Takeaways from Market Study
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Market in Canada is anticipated to broaden at a CAGR of 3% over the projection duration (2022-2032).
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Demand for polypropylene (PP) is approximated to increase at a CAGR of 3.5% from 2022 to 2032.
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Sales of plastic bottles and containers are anticipated to increase at 4% CAGR.
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Market in Germany is expected to advance at a CAGR of 2% through 2032.
Winning Strategy
Key makers are continually establishing brand-new item styles. Top market individuals are focusing on increasing their production capabilities and carrying out advanced innovation to please customer need. Major gamers are partnering with other business and dealing with recycling businesses to increase their market share.
For circumstances,
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In 2020, Amcor presented OmniPack, a member of the family pet bottle family. The business will be much better able to satisfy the growing need for product packaging ideal for e-commerce due to this brand-new release.
Plastic product packaging is growing in appeal amongst customers over alternative item packaging due to its light-weight and ease of handling. Even considerable makers prefer plastic product packaging choices due to their low production expenses.
Due to its lots of benefits for both makers and customers, family pet is the most extensively utilized product for mineral water, carbonated sodas, and juice product packaging. Animal is considered as non-toxic, robust, light-weight, and recyclable. Refillable products have actually ended up being more popular due to customers’ growing ecological awareness, which has actually increased item need.
Plastic containers are corrosion-resistant and chemically inert, safeguarding the pharmaceuticals and extending their service life. Hence, the need for these containers is forecasted to promote throughout the forecast duration due to the quick growth of the pharmaceutical market.
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Key Companies Profiled
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RPC Group
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Berry Global
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Amcor plc.
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Plastipak Packaging
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Graham Packaging, LP.
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Greiner Packaging
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Alpha Packaging
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Zijiang
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CKS Packaging Inc.
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Bericap GmbH & Co. KG
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Comar LLC
Segments of Plastic Bottles and Containers Industry Research
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By Raw Material :
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Polyethylene Terephthalate (ANIMAL)
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Poly Propylene (PP)
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Low-density Polyethylene (LDPE)
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High-density Polyethylene (HDPE)
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Others
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By Application :
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Beverages
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Food
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Cosmetics
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Pharmaceuticals
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Household Care
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Industrial
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By Region :
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North America
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Europe
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Asia Pacific
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Latin America
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Middle East & Africa
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More Valuable Insights on Offer
Fact.MR, in its brand-new offering, provides an objective analysis of the international plastic bottles and containers market, providing historic need information (2017-2021) and projection data for the duration of 2022-2032.
The research study reveals important insights on the marketplace on the basis of basic material (polyethylene terephthalate (ANIMAL), polypropylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE), others) and application (drinks, food, cosmetics, pharmaceuticals, household care, commercial), throughout 5 significant areas (North America, Europe, Asia Pacific, Latin America, and MEA).
Check out more associated research studies released by Fact.MR Research:
Baby Bottles Market: The international infant bottles market is approximated at USD 3.3 Billion in 2022 and is anticipated to go beyond USD 5.2 Billion by 2032, growing at a CAGR of 4.7% from 2022 to 2032.
Paper Bottles Market: The international need for Paper Bottles Market considerable development 5.2% in 2021, to overall 31.8 Mn systems. Packaging paper bottles showed development of 5.4% to overall 24.3 Mn systems, while need for paper water bottles was up 4.7% to 7.5 Mn systems.
Connected Bottles Market: The international linked bottles market is anticipated to grow, owing to numerous drink business that are eagerly anticipating news methods of marketing their items and link straight to customers for more projects.
Two Compartment Bottles Market: Two compartment bottles can store cold coffee and green tea at the very same time. Plus, the bottle can likewise store strong products as it can be opened from in between.
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