North America Plastic Bottles Market 2021-2026 skyrocketed revenue with key players Alpha Packaging Inc., Altium Packaging (Loews Corporation), Gerresheimer AG

Latest research on North America Plastic Bottles Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the North America Plastic Bottles market. This report included a special section on the Impact of COVID19. Also, North America Plastic Bottles Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the North America Plastic Bottles industry.

North America Plastic Bottles market is growing at a CAGR of 6.2% during the forecast period (2021-2026).

The North America Plastic Bottles market is highly competitive and consists of a number of major players. Top Companies like Alpha Packaging Inc., Altium Packaging (Loews Corporation), Gerresheimer AG, Graham Packaging Company, Berry Global, Inc., Plastipak Holdings Inc., Amcor Plc, Comar LLC

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Industry News And Developments:

- 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 Berry’s Engineered Materials product portfolio, which is expected to strengthen the Berry’s product line.

- March 2019 - Altium Packaging Canada announced that it has acquired Plastique Micron (PMI) and its affiliates, IMBC Blowmolding (2014) and Action Plastic Products, which is a major specialty packaging manufacturer. Altium was focusing on in expansion plans in Canada over the past year and continues to seek opportunities to grow across the country.

Scope of the Report

- With the U.S. plastic recycling rate showing no significant growth, the concerns relating to the use of plastic are growing. It has been estimated by Athe ssociation of Plastic Recyclers (APR) and the American Chemistry Council (ACC) that othe verall recycling rate for plastic bottles was 28.9 % compared with 29.3 % in 2017. This is expected to have a negative impact on market growth in the region over the forecast period.

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Key Market Trends

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.

- According to PETRA, PET is a clear, strong, and lightweight plastic that is widely used for packaging foods and beverages, especially convenience-sized soft drinks, juices, and water. Virtually all single-serving and 2-liter bottles of carbonated soft drinks and water sold in the U.S. are made from PET.

- As the shift from soda to water progresses, the bottled water industry has worked with recycling advocates to increase recycling rates of water bottles.

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.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: North America Plastic Bottles Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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