North America Plastic Bottles Market 2022 Demand and Outlook- Alpha Packaging Inc., Altium Packaging, Plastipak Holdings Inc., Amcor Plc

The North America Plastic Bottles Market provides a unique tool for evaluating the market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the North America Plastic Bottles Market forecast 2026.         

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

Key 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 Berrys Engineered Materials product portfolio, which is expected to strengthen the Berrys 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.

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.

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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 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 analyze the growth of the key players operating in the market.

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