Plastic Bottles and Containers Market worth USD 142.0 billion by 2027

The Market Statsville Group (MSG) publishes the new report on the "Plastic Bottles and Containers Market by Raw Material (PP, LDPE, HDPE, PET, and Other Raw Materials), by End-Users (Beverages, Food, Pharmaceuticals, Cosmetics, Household Care, and Other End-user), by Region – Global Share and Forecast to 2027". The global plastic bottles and containers market size is expected to grow from USD 104.2 billion in 2020 to USD 142.0 billion by 2027, at a CAGR of 5.3% during the forecast period. Aluminum beverage cans are likewise in high demand. An empty metal can weighs 14.9 grams on average. Though these materials are low in weight, the likelihood of beverage cans being broken during the transportation is greater than that of plastic bottles. As a result, the lightweight nature of plastic has fueled its use in the production of bottles and containers.

Furthermore, among all the plastics, it is claimed that employing PET will aid in the production of the lightest bottle and container. According to the PETRA, PET is a transparent, robust, and lightweight plastic that is commonly used in the packaging of food and beverages, particularly convenience-sized juices, water, and soft drinks. PET is used to make almost all single-serving and 2-liter bottles of carbonated soft drinks and water marketed in the United States.

Global Plastic Bottles and Containers Market Segmentation

The overall plastic bottles and containers market has been segmented into the raw material, end-users, and region.

• By Raw Material (PP, LDPE, HDPE, PET, and Other Raw Materials)
• By End-Users (Beverages, Food, Pharmaceuticals, Cosmetics, Household Care, and Other End-user)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Beverages, by end-users, is estimated to hold the largest market share during the forecast period

Based on end-users, the global plastic bottles and containers market is segmented into beverages, food, pharmaceuticals, cosmetics, household care, and other end-user. The beverages segment generated the highest revenue of 50.5% of the global plastic bottles and containers market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. Because of the never-ending need for bottled water and non-alcoholic drinks, the beverage sector's market for plastic bottles and containers is expected to rise. Consumers' proclivity for particularly demanding high-quality drinking water, due to the fear of illnesses caused by drinking filthy tap water, and the ease of transportation and convenience afforded by bottled water, is credited with the demand for bottled water.

In addition, in many developing economies, bottled water is preferred by people. Bottled water is sold in shops and retail outlets for various beverages. For instance, the International Bottled Water Association stated that Americans favor bottled water over other packaged beverages. Moreover, as per International Bottled Water Association, they consumed 13.8 billion gallons of bottled water in 2018. Similarly, according to a new national survey conducted online by The Harris Poll on behalf of the IBWA, more than 9 in 10 Americans expect bottled water to be available wherever other drinks are sold.

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The Asia Pacific accounts for the largest market share in the plastic bottles and containers market 2020

Based on the regions, the global plastic bottles and containers market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the highest market share of 37.2% in the global plastic bottles and containers market and was anticipated to maintain its dominance throughout the forecast period. The healthcare and pharmaceutical sector in China is also one of the largest markets in the world, primarily driven by its aging population. Due to the country's regulatory changes, foreign pharmaceutical companies face difficulties conducting their business, especially regarding price control and market entry. Therefore, there is a growth opportunity for domestic players as they might experience an increase in demand for plastic bottles and containers from these companies.

After the United States, Japan has one of the fastest-growing pharmaceutical sectors, emphasizing patented pharmaceuticals. The Japanese government is also helping to this expansion by deregulating the pharmaceutical industry, allowing multinational businesses to invest and drive the country's pharmaceutical sector. The country is also witnessing an increase in the demand for ready-to-eat food. The ready-to-eat meals or take-home food items represent an important area of growth, and sales from this sector are essential to increase the retail food and beverage industry's revenue.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the plastic bottles and containers market. It also consists of the profiles of leading companies such as Gerresheimer AG, Graham Packaging Company LP, ALPLA Group, Amcor PLC, Container Corporation of Canada Ltd, Altium Packaging (Loews Corporation), Alpha Packaging, Plastipak Holdings Inc., Resilux NV, Comar LLC, and Greiner Packaging GmbH.

Browse complete report: https://www.marketstatsville.com/plastic-bottles-and-containers-market

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