Plastic Bottles and Containers Market 2021 Business Scenario

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

The Global Plastic Bottles and Containers Market Research Report 2021-2026 published by Market Insights Reports is a significant source of keen information for business specialists. It furnishes the Plastic Bottles and Containers 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 Plastic Bottles and Containers worth chain and its wholesaler examination. Plastic Bottles and Containers Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The plastic bottles and containers market was estimated at USD 104.28 billion in 2020, and it is expected to reach a value of USD 152.18 billion by 2026, while registering a CAGR of 5.3% during the forecast period of 2021 to 2026.

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Top Leading Companies of Plastic Bottles and Containers Market are ALPLA Group, Amcor PLC, 6.1.3 Gerresheimer AG, Graham Packaging Company, Container Corporation of Canada Ltd, Altium Packaging LLC, Alpha Packaging, Plastipak Holdings Inc., RESILUX NV, Greiner Packaging GmbH, Comar LLC, and others.

-Plastic Bottles and Containers Market Analysis

-Industry News And Updates on Plastic Bottles and Containers Market-

March 2020 - ALPLA developed a 1-liter reusable PET bottle together with KHS, the specialist for bottling and packaging systems. The refillable bottle weighs up to ten grams less than the standard bottles that are currently available and can include recycled materials.

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

-Key Market Trends Plastic Bottles and Containers Market-

Plastic packaging is becoming popular among consumers over other products as a plastic package is light in weight and is easier to handle. Similarly, even the major manufacturers prefer to use plastic packaging solutions, owing to their lower cost of production. Adoption of PET can lead to up to 90% weight reduction compared to glass, allowing a more economical transportation process. Currently, plastic bottles made from PET are widely replacing the heavy and fragile glass bottles, as they offer reusable packaging for mineral water and other beverages.

- According to the International Bottled Water Association, bottled water is the most consumed beverage product in the United States (by volume). According to a report of the International Bottled Water Association (IBWA), in the United States, the average sales of bottled water amount to USD 18.5 billion, with an increase of 8.8%. The per capita consumption exceeds 42 gallons of bottled water, with an increase of 6.2%. With this rising trend likely to continue, it is set to propel the demand for PET in bottled water packaging.

- The food and beverage segment, on the other hand, is the largest source of demand for PET packaging products. According to the British Plastic Federation (BPF), over 70% of the soft drinks in the global market are packaged in PET plastic bottles.

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