Plastic Bottle Manufacturing in the US - Industry Research Report

Life in plastic: Input prices are expected to stabilize, benefiting industry profit

The Plastic Bottle Manufacturing industry manufactures a range of bottles from various plastic compounds based on their end use. Plastic bottle manufacturers sell plastic containers to beverage, food and chemical manufacturers to use as packaging for drinks, food and household and automotive chemicals. Consumers have steered away from sugary soft drinks in single-use plastic bottles, limiting demand from this market segment. Even so, rising consumer spending and consumer confidence following the pandemic have created a heightened demand for restaurants, groceries and automobiles. The industry also benefits from the nondiscretionary nature of many grocery products. The industry has been growing at a CAGR of 1.3% over the past five years, projected to reach $14.5 billion in 2023, despite an estimated 1.1% decrease in 2023. Operators in this industry manufacture a range of bottles from various plastic compounds based on their end use. These bottles are then sold to beverage, food and chemical manufacturers to use as packaging for soft drinks, milk, condiments and household and automotive chemicals. This industry does not manufacture reusable plastic bottles or other plastic containers. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.