Plastic Container Market Detailed Analysis and Forecast up to 2028
The global plastic containers market size is expected to reach USD 82.00 billion in 2028, exhibiting a CAGR of 5.0% during the forecast period. The growing demand for rigid packaging from food and beverage manufacturers can have an excellent impact on the global market growth, states Fortune Business Insights, in a report, titled “Plastic Containers Market, 2021-2028.” The market size stood at USD 55.80 billion in 2020.
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The research interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs).
- Technology distributors and wholesalers
- End-user surveys
- Consumer surveys
- Mystery shopping
- Company reports and publications
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- Economic and demographic data
- Case studies
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Based on material, the market is classified into polyethylene terephthalate (PET), polypropylene (PP), high-density polyethylene (HDPE), low-density polyethylene (LDPE), and others
Based on container type, the market is classified into bottle & jars, pails, tubs, cups & bowls, and others. The bottles & jars segment is expected to hold the largest plastic containers market share during the forecast period.
Based on end-user, the market is classified into beverages, food, pharmaceuticals & cosmetics, FMCG, and others.
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Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Booming Beverage Sector to Propel Market in Asia Pacific
The Asia Pacific region accounted for the highest market share, with China and India leading the way. The increasing beverage sector is responsible for the region’s growth. This drives up the need for plastic bottles to store water and fizzy beverages. Polyethylene terephthalate (PET) is the most common material used in beverage bottles. As a result, growing consumer expenditure on carbonated beverages would propel the market in this area to new heights. Moreover, due to the booming food and medicines industries in North America, the United States is the major donor. To prevent leakage of food and drinks in the food sector, stiff plastic bottles and jars are commonly employed.
Ongoing Advancements by Prominent Players to Intensify Market
The competitive landscape shows a fragmented industry with ALPLA as a key competitor. A diverse product range and ongoing advancements by the firm to develop new plastic items are key elements in the business’s leadership position.
The Report Lists the Key Players in the Market:
- ALPLA (Hard, Austria)
- Alpha Packaging (Missouri, U.S.)
- Amcor (Zurich, Switzerland)
- Plastipak Packaging (Michigan, U.S.)
- Graham Packaging (Pennsylvania, U.S.)
- RPC (Georgia, U.S.)
- Berry Plastics (Indiana, U.S.)
- Greiner Packaging (Kremsmunster, Austria)
- Silgan Holdings Incorporated (Connecticut, U.S.)
- CKS Packaging Incorporated (Atlanta, U.S.)
- Fortex-Fortiflex (San Juan, Puerto Rico)
- Altium Packaging (Georgia, U.S.)
- Polytainers (Ontario, Canada)
- Airlite Plastics (Omaha, U.S.)
- Other Key Players
March 2021: Greiner Packaging announced the expansion of its range of bottles to meet the increased demand. The new range will include 16 bottles that can be used for sanitizers made from up to 100 percent r-PET.
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The top companies profiled in this report examined by regional expansion and operations. Here, we thank the experts in the chemical business, the public relations specialists, the conventions, and the survey conducted by the examination group for their help and support. Additionally, market rate, volume, income, demand, and supply information are examined.
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