Press release
Plastic Bottles and Containers Market Market Analysis and Growth During Lockdown by Top Players in 2022- ALPLA Group, Amcor PLC, Gerresheimer AG, Graham Packaging Company
The Plastic Bottles and Containers market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue and forecast 2028. This report also includes the overall and comprehensive study of the Plastic Bottles and Containers market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the Plastic Bottles and Containers industry and provides data for making strategies to increase market growth and effectiveness.The plastic bottles and containers market was estimated at USD 39.03 billion in 2019, and it is expected to reach a value of USD 50.19 billion by 2027, while registering a CAGR of 4.2% during the forecast period of 2022 to 2027.
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Markets Segmentation:
Top leading Companies Profiled in Plastic Bottles and Containers Market Report are Ê- ALPLA Group, Amcor PLC, 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
News and Updates
- March 2022 - 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 2022 - 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.
Market Overview
Plastic packaging is becoming popular among consumers, and the market has been seeing trends toward developing and utilizing plastic that can be recycled and reuse to manufacture of packaging products. For instance, in October 2019, Procter & Gamble Company (P&G) announced that its cleaning brands Fairy, Flash, and Viakal might replace virgin plastic in the supply chain by increasing the use of recycled plastic to 9,000t of post-consumer and post-industrial resin. This equates to the amount of waste produced by 6.5 million people in Europe every day. The companyÕs plan is expected to result in a total of 300 million bottles to be converted to either 100% recycled or partially recycled plastic across the European household cleaning brands annually.
- Increasing the adoption of lightweight packaging methods is driving the market. Plastics are prized for being lightweight. According to Custom-Pak, though over 50% of all European goods are packaged in plastics, these plastics only account for 17% of all packaging weight. Further, a plastic two fl. oz bottle weighs only 0.023 lbs, while its glass counterpart weighs 0.177 lbs. Though this is a small difference when analyzing a single bottle, when ordering pallets in bulk, it can add up to significant figures that impact a companyÕs profit margin.
- While on the other hand, the demand for aluminum beverage can is also significant. The average weight of an empty aluminum can is 14.9 grams. Though these materials are light in weight, the probability of beverage cans to be damaged during the transportation is high compared to plastic bottles. Therefore, the lightweight property of the plastic has driven its adoption in the manufacturing of bottles and containers.
Market Segmented By Types
Market Segmented By Applications
Regional Analysis:
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)
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Key Takeaways from Plastic Bottles and Containers Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the Plastic Bottles and Containers market - key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance - Plastic Bottles and Containers market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Plastic Bottles and Containers
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In conclusion, the Plastic Bottles and Containers market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Plastic Bottles and Containers Industry business competitors. Our expert research analyst's team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.
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