North America Plastic Bottles Market 2021-2026 Forecast and COVID-19 Impact on Business, Industry, Revenue and Actionable Insights-Alpha Packaging Inc., Altium Packaging (Loews Corporation), Gerresheimer AG

North America Plastic Bottles Market by Component, Application, Services, and Region- Forecast to 2026

The Global North America Plastic Bottles Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the North America Plastic Bottles business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the North America Plastic Bottles worth chain and its wholesaler examination. North America Plastic Bottles Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The North America plastic bottles market was valued at USD 26.70 billion in 2020 and is expected to reach USD 41.56 billion by 2026, registering a CAGR of 6.1% during the forecast period (2021 - 2026).

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Top Leading Companies of North America Plastic Bottles Market are Alpha Packaging Inc., Altium Packaging (Loews Corporation), Gerresheimer AG, Graham Packaging Company, Berry Global, Inc., Plastipak Holdings Inc., Amcor Plc, Comar LLC and others.

Industry News And Updates on North America Plastic Bottles Market-

PET to Show Significant Market Growth

- PET has been the most predominantly used material for beverage packaging in the region. Moreover, the trend for light-weighted packaging has increasingly driven the demand for PET bottles.

- According to the International Bottled Water Association, the average weight of a half-liter 16.9 ounce PET plastic bottle has declined 48% to 9.89 grams from 2000 to 2014. The drop in weight is the equivalent of 6.2 billion pounds of PET resin since 2000. This decrease has resulted in the manufacture of more number of bottles with the available resin, which has driven its growth.

Key Market Trends North America Plastic Bottles Market-

Non-Alcoholic Beverages to Dominate the Market

- Soda consumption is decreasing in the U.S. However; bottled water consumption has been increasing. Both products are predominately packaged in plastic bottles. In fact, plastic bottle usage skyrocketed from carbonated soft drinks (CSD) have reached their saturation in the North American region, and companies like Coca-Cola, Pepsi, and Keurig Dr pepper have reported flat sales from their carbonated software division in North America.

- Coca-Cola, in its annual reports for 2018 and 2019, mentioned that the unit volume sales of its CSD were 3.306 billion unit cases in 2018 and 3.44 billion in 2017. The company has claimed to be the most significant player in the North American region, with a market share of 43% in 2018.

Competitive Landscape On North America Plastic Bottles Market-

February 2020 - Amcor in the multivitamin category showcased the development and launch of the PET container that is made from 100% post-consumer recycled content (PCR) resin. The company created the new clear bottle in two sizes, 100 cubic centimeters and 150 cubic centimeters, for Ritual, a health meets technology company that reimagined the multivitamin.

- July 2019 - Berry Global Group, Inc. completed the acquisition of RPC Group, Plc. with an approximate price of USD 6.5 billion. RPC Group is the leading global designer and engineer of the plastic products in packaging and non-packaging markets. The acquisition has helped the growth of Berrys Engineered Materials product portfolio, which is expected to strengthen the Berrys product line.

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