Plastic Bottles Market Is Likely to Experience a Tremendous Growth by 2031

Plastic Bottles Market is estimated to grow at a CAGR of nearly 4.5% during the forecast period. Some major factors contributing to the market growth include rising demand for plastic packaging and emerging application in the pharmaceutical and cosmetics industry. Plastic resins are used in a range of container and packaging products, including high-density polyethylene (HDPE) bottles for milk and water and polyethylene terephthalate (PET) beverage bottles. In addition, a comprehensive range of other resins is used in other plastic containers, wraps, bags, sacks, and lids. Plastics are found in all major Municipal Solid Waste (MSW) categories. As per the US Environmental Protection Agency (US EPA), in 2017, the packaging and containers category had the most plastic tonnage at more than 14 million tons in the US. This category comprises sacks and wraps, bags, HDPE natural bottles, PET bottles and jars; and other containers. 

As per the London Borough of Hounslow (UK Government), nearly 35.8 million plastic bottles are used every day in UK, however, only 19.8 million of these bottles are recycled. Plastic is the major contributor of waste generation. As a result, several countries are taking initiatives to collect all plastic for recycling purpose and develop technologies for plastic recycling. New technology is developed by the Indian Institute of Technology, Hyderabad (IIT-H) for recycling of waste polystyrene (PS) with the use of citrus peel extract, an agriculture waste and develop it into a non-woven fabric. Polystyrene is a non-biodegradable material that has a severe impact on the environment and health as a waste. This fabric is hydrophobic and can selectively absorb oil. 

As a result, it can be used for a comprehensive range of applications including kitchen napkins, oil spillage remediation, flexible packaging, and others. PET and HDPE bottles are recyclable. HDPE plastics consists of the heavier containers used for the storage of everyday goods as it has properties of strength, stiffness, and toughness. In UK, it is extensively used for shampoo, fresh milk bottles, and detergent bottles. Rising focus on the development of technology for plastic waste recycling and emerging launches of 100% recycled plastic bottles is expected to offer an opportunity for market growth. 

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 Bottles Market- Segmentation

By Raw Material

• Polyethylene Terephthalate (PET) 
• Polypropylene (PP) 
• High-density Polyethylene (HDPE) 
• Low-density Polyethylene (LDPE)
• Others

By Application

• Food and Beverages
• Cosmetics
• Pharmaceutical
• Household 
• Others

A full Report of Plastic Bottles Market is Available at:  https://www.omrglobal.com/industry-reports/plastic-bottles-market

Plastic Bottles Market– Segment by Region 

North America           

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East and Africa

Company Profiles

• AG Poly Packs Pvt. Ltd.
• Alpha Packaging
• Alpla Werke Alwin Lehner GmbH & Co KG
• Altium Packaging
• Amcor plc
• BERICAP Holding GmbH
• Berry Global Group, Inc.
• Chemco Group of Companies
• Comar, LLC
• Cospack America Corp.
• Gerresheimer AG
• Gil Plastic Products Ltd.
• Graham Packaging Co.
• Greiner Packaging GmbH
• Hitech Group
• Ningbo Jazz Packaging Co., Ltd.
• Plastipak Holdings, Inc.
• ESILUX NV
• Star Plastic Industries
• Takemoto Packaging. Inc.
• Unilever Group
• YuHuan Kang-Jia Enterprise Co., Ltd.
• Zhenghao Plastic & Mold Co., Ltd.

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