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The report titled Global Plastic Bottles Market covers definition, applications, clbadification, value chain structure and market performance by key leading countries / regions. In a detailed research methodology – wise, the Global Bottles Analysis.
In addition, the Plastic Bottles Market includes drivers, restraints, threats, opportunities, trends, geographical / regional.
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The value of the price is $ 239.07 billion in 2017, and is expected to reach a value of $ 402.94 billion by 2023, at a CAGR of 5.20%, during the forecast period (2018 – 2023). Polyethylene terephthalate, polypropylene, low density polyethylene, high density polyethylene and end user vertical like food, beverage, cosmetics, pharmaceutical, and household chemicals. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Increasing Consumer Preference for Plastic Packaging Is Driving the Market
As plastics are growing and growing. Manufacturers are also preferring the use of plastic packaging solutions, due to lower costs of production. There are a wide range of innovative, cost-effective, and sustainable packaging solutions emerging in the market. Increasing awareness of environmental issues regarding the use of plastics and a major constraint for growth in the plastic industry. As it has been used in the past, it has had a significant impact on the environment, making it relatively close to the world, compared to other materials.
Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE) and Polypropylene are the Most Used Plastic Materials
LPDE is a thermoplastic made from the monomer ethylene, which is not reactive at room temperature. It has no branching, and can withstand temperatures of 80ºC, continuously. It is made in translucent gold opaque variations. HPDE is a thermoplastic polyethylene made from petroleum. It is known for its large strength-to-density ratio, and has major application in plastic bottle production. It has limited branching, which gives it stronger intermolecular forces and greater tensile strength than LDPE. HPDE is harder, more opaque and can withstand higher temperatures (110ºC). Polypropylene is an addition polymer made from monomer propylene. The polymer is rugged and unusually resistant to many chemical solvents-bases and acids. Hence, the types of plastic bottles are based on the requirement and use. The ease of use and high demand for plastic bottles is a good option.
Plastic Bottles are Expected to Continue Holding the Highest Market Share in Primary Pharmaceutical Containers
Plastic bottles are being used in bulk and the dose of oral dosage and the packaging of solid oral dose over-the-counter medicines in large quantities. The recyclable nature of bottles makes them a very attractive choice. Due to multiple uses, plastic bottles are in demand in industries like pharmaceuticals. The number of companies with growing shelf life are growing. Under these circumstances, the demand for plastic packaging products, such as bottles and containers, has increased dramatically in the last decade, and has been a major driver for the global plastic bottles market.
Growing Health Awareness in Consumers is Prompting Them to Opt for Products That Keep Them Refreshed and Are Safe To Consume
This trend creates a high demand for cost-effective packaging solutions in the plastics industry. An average of 10 gallons of beverages are 40, eight and three pounds, respectively. The same amount can be packaged and transported using just two pounds of plastic. This highly-efficient packaging helps conserve a large amount of resources. From morning to day, they are more likely to be consumed, and they are more likely to be consumed. The growth is expected to be seen across different beverage products like juices, coffee, tea, soups, non-dairy beverages, and others.
Asia-Pacific is the Fastest Growing Region During the Forecast Period
Strict regulations, increasing demand in the end-user industry, and the growing demographics favoring cost-effective solutions are some of the factors increasing the growth of the market.
Top Players of Plastic Bottles Market are listed below:
- Amcor Limited
- Cospack America Corporation
- Bericap GmbH & Co. KG
- Rexam
- Inc.
- Berry Plastics
- Graham Packaging Company
- Container Corporation of Canada
- Ontario Plastic Container Producers Ltd.
- Constar Internationals
- Inc.
- Alpha Packaging
- Alpack Plastics
- International Packaging Corporation
- Plastipak Holdings
- Inc.
Reasons to Purchase the Report
Geographically, this Global report majorly split into several regions, covering
- North – South America
- Europe
- china
- Asia – Pacific
- Others
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The Plastic Bottles Report provides the landscape and growth with the product lifecycle over the coming yearsmarket spacemarket Opportunitiesmarket risk, the market overview of the Plastic Bottles. It explains the gap between supply and consumption, tables and figures, SWOT badysis of the leading enterprises in the Plastic Bottles Report. Further, the Plastic Bottle Report is examined for price, cost and gross. Additionally, it provides a valuable source of suggestions and direction for companies and Individuals who are taking part in this market.
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