Global Plastic Bottles Market is valued approximately USD 177.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.49% over the forecast period 2021-2027. Plastic packaging is becoming more popular among customers than other types of packaging since it is lighter and easier to handle. Plastic packaging options are also preferred by major manufacturers due to their cheaper production costs. the never supply of bottled water and non-alcoholic beverages The concern of diseases as a result of drinking filthy tap water, as well as the mobility and convenience provided by bottled water, are contributed to consumers' inclination for preferring high-quality drinking water. Americans, according to the International Bottled Water Association (IBWA), prefer bottled water to other packaged beverages. They also consumed 13.8 billion gallons of bottled water in 2018. In addition, According to a recent nationwide survey done online on behalf of the IBWA, more than 9 out of 10 Americans expect bottled water to be available wherever other drinks are sold. Also, with the increasing demand of plastic bottles due to the rising working population and adopting healthy lifestyles for Plastic Bottles is likely to increase the market growth during the forecast period. However, strict government regulations impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Plastic Bottles market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the growing working population and rising food and beverages industry. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. According to the India Brand Equity Foundation (IBEF), the country's market for plastic bottles is continuing to grow, with plastic exports totaling USD 7.045 billion from April 2019 to January 2020. Plastic projects are expected to grow across a wide range of products and industries, including beverage, food and water, pharmaceutical, and domestic.
Major market player included in this report are:
Alpha Packaging
CKS Packaging Inc.
Bericap GmbH & Co. KG
Plastipak Holdings Inc.
Graham Packaging Company
Comar LLC
Amcor Ltd.
Berry Global Inc.
Alpack Plastic Packaging
Gerresheimer AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Raw Material Type:
Polyethylene Terephthalate (PET)
Poly Propylene (PP)
Low-density Polyethylene (LDPE)
High-density Polyethylene (HDPE)
Other Raw Materials
By End-user:
Beverage
Food
Cosmetics
Pharmaceutical
Household Care
Other End-user Verticals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Plastic Bottles Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors