The global www plasticcontainer com market size is predicted to reach USD 77.45 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. The growing adoption of plastic containers in cosmetics industry to have a positive impact on the plastic containers market revenue during the forecast period. Polypropylene is extensively used for the production of bottles, and jars in packaging and storage of creams, powders, and other cosmetics products. Additionally, the growing inclination of consumers towards skincare products will bolster healthy growth of the market in the foreseeable future.
According to the published report by Fortune Business Insights, titled “Plastic Containers Market Size, Share & Industry Analysis, By Material (PET, PP, HDPE, LDPE, and Others), By Container Type (Bottle & Jars, Pails, Tubs, Cups & Bowls, and Others), By End-Use (Beverages, Food, Pharmaceuticals & Cosmetics, FMCG, and Others), and Regional Forecast, 2019-2026” the global market size stood at USD 51.89 billion in 2018. The plastic containers market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about plastic containers market status, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis. From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner.
Worldwide COVID-19 Impact Analysis:
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The Report Lists the Prominent Companies in the Plastic Containers Market
- Alpha Packaging
- Plastipak Packaging
- Graham Packaging
- Berry Plastics
- Greiner Packaging
- Alpha Packaging
Acquisition of Polybottle by Reid Canada to Spur Business Opportunities
Reid Canada Inc., announced that it has acquired Polybottle Group Limited and Humberline Packaging Inc., a class producer of plastic bottles for the food, beverage, automotive, and industrial and specialty chemical industries from ABC Group, one of the leading component manufacturers. The deal between the companies is likely to boost the plastics containers market trends owing to the future launch of innovative products such as Dura-Lite® with the combination expansion prospects. Furthermore, President and Chief Executive Officer of CCC, Sean R. Fallmann, said in a statement, “we welcome the employees of Polybottle and Humberline into the CCC family. These companies have great leadership teams and a strong reputation of consistently providing quality products and excellent customer service. This acquisition is another step in CCC’s North American growth strategy, in which we combine strategic asset acquisitions with new innovative products to better meet our customers’ needs.” He also added, “Dura-Lite®is designed to use 10 per cent to 25 per cent less plastic than comparable traditional designs, while meeting or exceeding the key performance attributes of those traditional designs. With the addition of EcoPrime®, a recycled resin safe for food contact, customers will further strengthen their brand’s sustainability story.”
Surge in Beverage Industry to Promote Expansion in Asia Pacific
Asia Pacific generated a revenue of USD 23.61 billion and is likely to remain dominant during the forecast period owing to the rising demand for plastic bottles to preserve water and carbonated drinks. The bottles used for beverages are primarily made up of polyethylene terephthalate material. The growing investment in the beverage industry will augment growth in the region. Furthermore, the growing consumer spending on carbonated drinks and beverages will propel plastic containers market share in Asia Pacific. North America is predicted to witness significant growth owing to increasing food and pharmaceuticals industry in the region. Nonetheless, Europe is predicted to grow steadily in the forthcoming years due to the rising demand for FMCG products such as detergents, cleaner, and other products
Browse In-depth Summary of This Research Insights:
KEY INDUSTRY DEVELOPMENTS:
- May 2019 – Consolidated Container Company acquired Sonic Plastics Enterprises, the producer of packaging for nutraceuticals. This acquisition will help Consolidated Container Company to expand its product portfolio.
- September 2016 - Australia's Amcor acquired the US plastics business, the producer of molded packaging such as pharmaceuticals, drinks, and food. This acquisition will allow Amcor company to get access to U.S. customers and helps to expand its rigid plastics division.
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