The new report by Expert Market Research titled, ‘Global Plastic Bottles Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the plastic bottles market, assessing the market supported its segments like product type, application, end-user and major regions.
The report tracks the newest trends within the industry and studies their impact on the general market. It also assesses the market dynamics, covering the key demand and price indicators, along side analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.3%
Plastic packaging is becoming more popular among consumers than other types of packaging because it is lighter and easier to handle. Plastic packaging solutions are also preferred by major manufacturers due to their lower production costs. Because of their recyclability, polyethylene terephthalate (PET) plastic bottles are gaining popularity in the plastic bottle market.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/plastic-bottles-market/requestsample
Furthermore, as a result of their durability, reliability, and environmental friendliness, polyethylene terephthalate plastic bottles are becoming more cost-effective in countries like the United States, which is boosting industry growth. Due to a shortage of corks, more people are using plastic bottles to replace glass bottles, which is increasing their use in beverage products like wine and juices, which is driving up demand. Plastic bottles are in high demand because of their airtightness, which can improve product stability.
Furthermore, the convenience that plastic bottles provide is driving up demand. The spread of western culture, which is heavily reliant on packaged goods, is driving up the use of plastic bottles in developing countries like India, China, Indonesia, and Brazil. The increasing demand for reusable plastic bottles as a result of rising environmental awareness is propelling the market forward.
Industry Definition and Major Segments
Plastic bottles are high- or low-density plastic containers used to store liquids such as soft drinks, water, shampoos, cooking oils, and inks. They’re inexpensive and durable. Furthermore, because plastic bottles are durable, versatile, and stable, they are used in a wide range of applications. The plastic bottle industry can be segmented on the basis of raw materials and application.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/plastic-bottles-market
On the basis of raw materials:
• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
• Low-Density Polyethylene (LDPE)
• High-Density Polyethylene (HDPE)
• Others
On the basis of application:
• Beverage
• Food
• Cosmetics
• Pharmaceutical
• Household Care
• Others
On the basis of regional markets, the segmentation of the plastic bottles industry includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Market Trends
Plastic as a product is widely accepted, and a wide range of innovative, cost-effective, and sustainable packaging solutions are emerging in the market. As a result, leading companies are introducing new plastic product formats to meet the demand for bottles. Plastic bottle design innovations, as well as their cost-effectiveness, are boosting market growth. The growing popularity of recyclable plastic bottles is boosting market growth. As a result, market growth is expected to be aided by the growing popularity of recycled plastic bottles in various countries.
The demand for recyclable plastic bottles is expected to grow as a result of various innovative approaches taken by leading companies to reduce energy consumption and environmental footprint of plastic bottles. The growing trend of using food-grade recycled plastic bottles in the food and beverage industry is expected to help the industry grow significantly.
Key Market Players
The major players within the market Alpha Packaging, CKS Packaging Inc., Bericap GmbH & Co. KG, Plastipak Holdings Inc., Graham Packaging Company and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of those market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Media Contact
Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
Related Reports:
Global Psoriatic Arthritis Therapeutics Market: https://www.expertmarketresearch.com/reports/psoriatic-arthritis-therapeutics-market
Global Pruritus Drugs Market: https://www.expertmarketresearch.com/reports/pruritus-drugs-market
Global Proteasome Inhibitors Market: https://www.expertmarketresearch.com/reports/proteasome-inhibitors-market
Global Professional Service Mobile Robots Market: https://www.expertmarketresearch.com/reports/professional-service-mobile-robots-market-report
Global Product Analytics Market: https://www.expertmarketresearch.com/reports/product-analytics-market
Also, Check Procurement Intelligence which provides you Infallible research solutions.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
