Plastic Bottles and Containers Market
Plastic bottles and containers are mainly made of PET, HDPE, LDPE and other materials. PET and HDPE bottles are experiencing tremendous demand from various end-user industries, including food and beverage, pharmaceutical and others. The food and beverage industry is the main consumer of plastic bottles and containers due to their high thermal resistance, transparency, chemical resistance, high rigidity and other properties. HDPE plastic bottles are mainly used for the packaging of juices and carbonated beverages because of their high quality pressure and crimp ability. In addition, they can be shaped according to the manufacturer’s requirement.
The global plastic bottles and containers market was estimated at $ 109 billion in 2018 and is expected to reach $ 165 billion by 2026, with a CAGR of 5.5% over the forecast period 2019-2026.
Bottle and container manufacturer
Associations related to plastic
Plastic recycling industries
The global Plastic Bottles and Containers Market is segmented into HDPE, LDPE, PET, PP, and others by material type. It is expected that PET bottles and containers will gain significantly in importance on the world market during the evaluation period due to their properties such as high clarity, chemical resistance, food contact safety and high impact strength. They are optimally used in bottled water, frozen foods, juices and carbonated beverages, household products, and others. According to plasticinsight.com, PET plastic bottles are widely used for packaging water and carbonated soft drinks.
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Based on plastics processing, the Plastic Bottles and Containers Market is segmented into Extraction Blow Molding, Injection Blow Molding, and others. About 40% of the plastic is processed using this technique. The use of injection molding machines has the advantage that a large number of molded parts can be produced economically without the need for further post-processing. Technological advances and innovations in injection blow molding machines are expected to influence market growth during the evaluation period. For example, according to the medical device and diagnostic industries, injection blow molding machines were invented to control mold temperature. Gas-assisted injection molding was developed from the modification of the structural foam process, known as gas counter pressure, this technical advancement or this process minimizes surface turbulence and also solves problems in connection with the finishing or painting of foamed parts.
In terms of application, the Plastic Bottles and Containers Market is segmented into Food and Beverage, Pharmaceuticals, Personal Care, Household, and others. The food and beverage industry is expected to be the largest consumer of plastic bottles and containers. This is mainly due to the increasing use of plastic packaging in the food and beverage industry and the regulatory approval for the use of recycled plastic for foods and beverages with high single-use consumption. For example, according to the American Chemistry Council, the most FDA-approved plastic resins for food contact are post-consumer recycling (PCR) PET, polypropylene (PP), high-density polyethylene (HDPE), low-density polyethylene (LDPE), and polycarbonate ( PC).
The growing food and beverage industry is likely to boost the market due to the increasing use of recyclable packaging for food and beverage products. For example, according to Invest India (Ministry of Commerce and Industry, Government of India), India’s food and retail market and dairy industry are estimated at $ 828.92 billion and $ 140 billion, respectively, by 2020.
Geographically, the plastic bottles and containers market is divided into North America, Europe, Asia Pacific and Latin America, and the Middle East and Africa (LAMEA).
In North America, environmental awareness and the tendency to use recyclable plastic are expected to fuel the market. The increasing use of recyclable plastic for products with high single-use consumption to reduce non-recyclable plastic in the region is expected to have a positive impact on market growth. For example, according to the American Chemistry Council, around 90% of Americans can recycle plastic bottles in their communities, and over 1.36 billion pounds of plastic bottles (beverages, detergents, cleaning supplies, household, and others) were recycled in the US in 2015.
In Europe, the food retail trade is the largest supplier of plastic packaging with a share of almost 1 million tons, of which two thirds of plastic packaging is made up of rigid plastic packaging. It highlights the fact that the UK’s food sector is the largest consumer of rigid plastic packaging. For example, according to WRAP, 60% of hard plastic is used in grocery stores and 40% in others.
The growing food and beverage industries in emerging economies such as China, India and others are expected to increase the demand for plastic bottles and containers in the region. Plastic bottles are generally used for juices, carbonated and non-carbonated beverages because of their transparency and good print quality. In addition, the use of plastic bottles and containers is also observed in the packaging of food products such as cooking oil, detergents, cleaning fluids, coffee, tea, canned food and glasses and others. The processed food market ranks fifth in terms of production and consumption and is one of the largest industries in India.
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Mexico is expected to be a healthy and lucrative plastic bottle and container market in the forecast period 2019-2026. This is mainly due to the growing demand for healthy and organic food, as well as the importance of supermarkets and convenience stores, which are expected to influence market growth in the region.
Some of the major players in the plastic bottles and containers market are Amcor Limited, Graham Packaging, Anchor Packaging Inc., Plastipak Packaging, Die Plastic Bottles Company, Alpack, Rahway Steel Drum Company, Alpha Packaging Holdings Inc., Werke Alwin Lehner GmbH & Company KG, International Packaging and Constar International.
Global Plastic Bottles and Containers Market Segmentation
According to material type
Through plastics processing
Extraction blow molding
Injection blow molding
Food & drinks
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
United Arab Emirates
Rest of MEA
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