The “Plastic Bottles and Containers Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Plastic Bottles and Containers Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global plastic bottles and containers market size was US$ 108.2 billion in 2021. The global plastic bottles and containers market is forecast to grow to US$ 162.0 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2030.
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Competitors in the Market,ALPLA Group, Amcor PLC, Gerresheimer AG, Graham Packaging Company LP, Container Corporation of Canada Ltd, Altium Packaging (Loews Corporation), Alpha Packaging, Plastipak Holdings Inc., Resilux NV, Greiner Packaging GmbH, Comar LLC, Other Prominent Players
Factors Influencing the Market
The benefits of plastic packaging, such as its lightweight and convenience of handling, will fuel the growth of the plastic bottles and containers market. Furthermore, the low cost of plastic bottles and containers is forecast to increase their adoption among manufacturers in order to offer affordable products to consumers. Thus, it will drive the plastic bottles and containers market forward during the forecast period.
Growing industrialization and rapidly growing food and beverage, personal care, electronics, and pharmaceuticals industries will amplify the demand for plastic packaging in the coming years.
Environmental concerns related to plastic packaging may restrict the market growth. On the contrary, the growing employment rate will benefit the end-use industries of the plastic bottles and containers market, thereby propelling this market forward.
Plastic is easy to be moulded and changed into any shape. This factor will amplify the manufacturing of plastic bottles and containers during the study period.
Regional Analysis
The Asia-Pacific plastic bottles and containers market is forecast to grow at the fastest rate, owing to the presence of the prominent cosmetic industry in the region. Furthermore, the growing urban population and their changing living standards are upsurging the demand for efficient household materials, electronics, etc. As a result, it will boost the growth of the plastic bottles and containers market during the study period.
The region is also home to one of the largest pharmaceutical industries. As a result of this, the plastic bottles and containers market will witness ample growth opportunities during the analysis period.
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COVID-19 Impact Analysis
The demand for efficient pharmaceuticals mounted during the COVID-19 pandemic. Various manufacturers witnessed a significant burden. Citizens also witnessed the unavailability of various pharmaceutical products. Thus, the demand for plastic bottles and containers increased during the pandemic for packaging purposes.
Furthermore, the food and beverage industry also observed a sudden spike in the demand. Thus, it has been beneficial for the plastic bottles and containers market. Furthermore, the increased demand for frozen food and household care items emerged as an opportunity for the plastic bottles and containers market. In addition to that, the contribution of e-commerce platforms escalated the growth of the pharmaceuticals, food, beverage, and other sectors, which offered ample growth opportunities for the plastic bottles and containers market growth during the COVID-19 pandemic.
Market Segmentation
The global plastic bottles and containers market segmentation focuses on Raw Materials, End-User, and Region.
By Raw Material Outlook
- PET
- PP
- LDPE
- HDPE
- Other Raw Materials
By End-Users Outlook
- Beverages
- Food
- Pharmaceuticals
- Cosmetics
- Household Care
- Other End-user Verticals
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By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
What factors are taken into consideration when assessing the key market players?
- The report analyzes companies across the globe in detail.
- The report provides an overview of major vendors in the market, including key players.
- Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
- This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
- Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
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