Plastic bottles and containers market is anticipated to grow at a CAGR of 5.5% during the forecast period. Plastic bottles and containers are made from various grades of high- and low-density plastics for storage purposes. Plastic bottles and containers are rugged & resilient and are safe to handle which makes them suitable a considerable option for packaging. Hence, the high demand for various plastic bottles and containers in its application sector for the packaging purpose will significantly drive the market growth during the forecast period.
Growth in the cosmetic industry due to increasing disposable income and increasing usage of ready to eat food all across the globe are some of the factors driving the market growth. However, plastic is one of the major sources of pollution whether it is marines, land, or air pollution. Hence, government regulation to curb plastic waste is one of the major challenges for the plastic bottles and container market in the near future. The government is setting targets to reduce plastic waste by introducing recycling targets. Result of this, the overall cost of the plastic products can increase, and the manufacturers can shift to alternatives of the plastic. It a restricting factor for the potential growth of the market in the near future.
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Market Coverage
- Market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Plastic Bottles and Containers Market by Raw Material
- PET (Polyethylene Terephthalate)
- PP (Polypropylene)
- LDPE (Low-Density Polyethylene)
- HDPE (High-Density Polyethylene)
- Other
Plastic Bottles and Containers Market by End-Use Vertical
- Beverages
- Food
- Cosmetics
- Pharmaceutical& Chemicals
- Others (Household)
A full report of Plastic Bottles and Containers Market available @ https://www.omrglobal.com/industry-reports/plastic-bottles-and-containers-market
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AG Poly Packs Private Ltd.
- Alpha Packaging Inc.
- Altium Packaging LLC
- Amcor PLC
- Chemco Group of Companies
- Comar LLC
- Gerresheimer AG
- Gil Plastic Products ltd.
- Graham Packaging Co. LP
- Greiner Packaging GmbH
- Hitech Group
- Kang-Jia Co., Ltd
- KHS Group
- Ningbo Jazz Packaging Co., Ltd
- Resilux NV
- RPC M&H PLASTICS UK
- Star Plastic Industries
- Takemoto Packaging. Inc.
- The Plastic Bottles Company
- Zhenghao Plastic & Mold Co., Ltd.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
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Contact Person: Mr. Anurag Tiwari
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Article source: https://article-realm.com/article/Business/63588-Plastic-Bottles-and-Containers-Market-to-Signify-Strong-Growth-by-2024-2031.html
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