The Growth of Plastic Containers market is huge, the study analyzes each market player encompassed in the market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.
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Fact.MR, in its recently composed research report, slates that the global plastic containers market will exhibit a modest 4.7% CAGR in the duration between 2017 and 2026. Revenues from sales of plastic containers across the globe are forecast to close in approximately US$ 544,000 Mn by 2026-end.
Plastic containers seek huge application in household chemicals, food, personal care products, beverages, and pharmaceutical products. Adoption of plastic containers for use in meat products is witnessing acceleration, with the introduction of non-deformable and strong plastic containers that come in in a wide range of sizes and shapes. Adoption of plastic containers is increasing, as they facilitate transportation, disposition, and storage of delicate food products including cold cuts, sausages, and meats.
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Robust growth in the medical and pharmaceutical industries has led towards a considerable surge in demand for plastic containers. High barrier properties coupled with superior aesthetic value delivered by plastic against air and moisture is a primary factor fuelling its adoption in the medical and pharmaceutical sector. Reutilization of plastic containers is becoming one of the most inexpensive and effective methods in reducing environmental impact of plastic. Several manufacturers in the market are concentrating on enhancing durability of plastic containers so that they can be reutilized & refilled numerous times prior to damage caused by prolonged use.
5 Key Projections on Future of Plastic Containers Market for Forecast Period 2017-2026 (In Terms of Volume)
- Number of plastic container sold is expected to remain the largest in North America, accounting for nearly 30% share of the market by 2026-end. Asia-Pacific excluding Japan (APEJ) will also prevail as a profitable region for plastic container sales, accounting for over 25% share of the market by 2026-end. In addition, sales of plastic containers in North America and APEJ are projected to reflect an equal and highest CAGR through 2026.
- Polyethylene terephthalate (PET, PETE, PETG, or polyester) will endure as the more remunerative packaging material in the global plastic containers market, with sales pegged to exceed 50,000 MT by 2026-end. However sales of high density polyethylene (HDPE) will exhibit the fastest expansion in the market through 2026. Number of plastic containers produced by using polyvinyl chloride (PVC) will remain higher than those produced by using HDPE, although reflect a comparatively slower growth in sales through 2026.
- On the basis of packaging type, containers (plastic containers, metal cans) and boxes and cartons will remain sought-after in the market, with sales collectively projected to hold roughly two-third share of the market by 2026-end. However, sales of bags & pouches are poised to exhibit a relatively faster growth in the market through 2026.
- Bottled water will continue to be the dominant application of plastic containers, trailed by alcoholic beverages and carbonated soft drinks. Alcoholic beverages and carbonated soft drinks will account for roughly similar share of the market by 2026-end.
- Based on end-user, sales of plastic containers in food & beverages will remain significantly higher than that in all the other end-users combined. Food & beverages will also prevail as the fast-growing end-user in the global plastic containers market.
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The Plastic Containers market report provides the readers with the below-mentioned insights:
- Key trends, including ecological conservation, patented solutions, and globalization.
- Consumption pattern of each segment of the market in every region.
Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
- Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
- Thorough research of effect of the market across various end use industries.
The Plastic Containers market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the global market in region?
- What is the Y-o-Y growth rate of the global market?
- Which segment will have the maximum share of the global market by the end of year?
And so on…..
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