LONDON–(BUSINESS WIRE) – Technavio announced the top five suppliers in its latest global blow molded plastic bottle market report. This market research report also lists 15 other prominent vendors that are expected to impact the market over the forecast period.
Competitive provider landscape
According to the market research analysis, the global blow molded plastic bottle market is highly competitive as vendors offer multiple varieties of blow molded plastic bottles. The competitive environment in this market will intensify in the future with an increase in product extensions, technological innovations and more mergers and acquisitions. Some of the key players in this market are Alpha Packaging, APEX Plastics, Plastipak Holdings, Sidel, and Silgan Holdings.
The major customers for blow molded plastic bottle products are spread across industries such as beverages, household products, personal care, healthcare and consumer products. The performance of providers in these markets is influenced by changing consumer spending patterns, consumer tastes and living standards, demographic trends, and regional, national and local economic conditions.
According to Sharan Raj, Technavio’s senior packaging research analyst, “It is essential for vendors in the marketplace to differentiate their products with a clear and unique value proposition in order to survive and thrive in this fiercely competitive environment. For example, RPC Group and Silgan Holdings have had multiple product launches around the world, with RPC Group primarily focusing on sectors such as food, beverage and cosmetics. ”
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Technavio’s market research analysts for transport and logistics identify the following main providers:
Alpha Packaging manufactures bottles and jars from HDPE, PET, PP and polylactic acid. The company offers several standard colors for both PET and HDPE packaging and specializes in injection blow molding, extrusion blow molding and injection stretch blow molding. The company serves the nutrition, pharmaceutical, consumer chemicals, personal care, and food and beverage markets.
APEX Plastics produces a range of blow molded bottles, containers and specialty parts in various sizes that can hold contents from 2 to 128 ounces. The company also specializes in proprietary and custom blow molded bottles, containers and molds. In March 2016, the company purchased and installed a new extrusion blow molding machine at its facility in Missouri, USA.
Plastipak Holdings has experience designing and manufacturing rigid plastic containers for the food, personal care, beverage and other industries. The company produces multiple beverage containers such as single serve bottles, multi-galleon containers, and custom beverage containers. This company also makes packaging solutions for tea, juices, sports drinks, CSDs, water (bubbly or not bubbly) and others.
Sidel offers equipment for blow molding machines, labeling machines, filling machines, blow-fill-seal systems, complete lines and end-of-line solutions. In May 2016, the company worked with Brazilian oil producer Algar Agro to produce the lightest 900ml PET bottle for the edible oil industry with a weight reduction of 22%.
The company offers rigid packaging for stable food and other consumer goods worldwide. The company’s most important customers include the Andros Group, Bayer, Berlin Packaging, Campbell Soup, ConAgra Foods, Del Monte and Dean Foods. The company’s subsidiary, Silgan Plastics, manufactures and markets a range of innovative packaging solutions for the healthcare, food and beverage, personal care, industrial chemicals and home markets.
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Technavio’s analysts use both primary and secondary research techniques to determine the size and vendor landscape in a number of markets. Analysts obtain information through a combination of bottom-up and top-down approaches, as well as through the use of their own market modeling tools and proprietary databases. They underpin this data with data from various market participants and stakeholders along the value chain, including vendors, service providers, distributors, resellers and end users.
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