Press release
Plastic Bottles Market 2022 Competitive Insights - Alpha Packaging, CKS Packaging Inc., Bericap GmbH & Co. KG, Plastipak Holdings Inc., Graham Packaging Company
The Plastic Bottles Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global plastic bottles and containers market (henceforth, referred to as the market studied) was valued at USD 166.78 billion in 2019, and it is expected to reach a value of USD 224.97 billion by 2027, while registering a CAGR of 6.49% from 2022 to 2027.
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Top Leading Companies of Plastic Bottles Market are Alpha Packaging, CKS Packaging Inc., Bericap GmbH & Co. KG, Plastipak Holdings Inc., Graham Packaging Company, Comar LLC, Amcor Ltd., Berry Global Inc., Alpack Plastic Packaging, Gerresheimer AG, Cospack America Corporation and others.
Industry News and Updates
February 2022 - Amcor PLC, 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.
- October 2019 - Bericap GmbH & Co KG launched its new product tethered caps, where plastic closures must remain attached to the bottle during consumption. This innovative solution offers additional security to the customers and reduces the chemical wastes by complying with the new regulations of the EU.
Key Market Trends
Asia-Pacific to Witness Highest Growth
- One of the main initiatives across multiple countries in the Asia-Pacific region has generally been to cut down the usage of single-use plastic bottles and packaging. But, companies might likely resort to plastic packaging to combat the pandemic's spread, putting the sustainability aspect away at this time._
- The healthcare and pharmaceutical sector in China is one of the world's largest markets, primarily driven by its aging population. According to Pharmaceutical Technology, China's pharma market's size was forecasted to surge up to almost 574 billion U.S. dollars by 2022. Hence, there is a growth possibility for domestic players as they might experience an increase in demand for plastic bottles from these companies.
- The plastic bottles market in India is estimated to grow steadily, owing to the continually increasing consumption and industrial applications of plastic-made bottles. According to the India Brand Equity Foundation (IBEF), the market demand for plastic bottles continues to expand in the country, with plastic export of USD 7.045 billion during the period of April 2019 - January 2022. Plastic projects are anticipated to increase across several products and sectors, including beverage, food and water, pharmaceutical, household sectors._
- Japan has one of the fastest-growing pharmaceutical businesses after the United States and is continuously concentrating on steady innovation and patented drugs. The Government of Japan is also contributing to this growth through deregulations for international companies to invest, thereby driving the country's pharmaceutical market.
Regional Outlook of Plastic Bottles Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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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 global and regional scale.
Analytical Tools: The 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, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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