Global Plastic Bottles Market Size, Share & Trends Analysis Report, By Raw Material (PET, PP, HDPE, LDPE, and Others), By Application (Food and Beverages, Cosmetics, Pharmaceutical, Household, and Others) and Forecast, 2020-2026.
The global plastic bottles market is estimated to grow significantly during the forecast period. Rising application in pharmaceutical and cosmetic industry is driving the demand for plastic bottles. The demand for PET has increased in pharma packaging has increased compared to other materials such as glass and metal, which are non-flexible, costly, fragile, and heavy. PET materials are significantly preferred for packaging systems of solid oral formulations. PET is often used for packaging of liquid oral drug formulations. In addition, it is the most used plastic in the packaging of geriatric and pediatric drugs, as well as ophthalmic applications. Several pharmaceutical companies use different methods and materials for the packaging of ophthalmic products. Plastic bottles are commonly used in packaging of ophthalmic products, which is normally produced from materials including High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDP), Polypropylene (PP), and others depending on the needs of a specific product.
Geographically, Asia-Pacific is estimated to witness potential growth during the forecast period owing to the rising demands for plastic packaging and expansion of pharmaceutical and food and beverage industry in the region. As per the India Brand Equity Foundation (IBEF), Indian pharmaceutical sector is expected to reach $100 billion by 2025. During the period, April 2000 and March 2020, the drugs and pharmaceuticals sector attracted cumulative FDI inflow amounted to $16.5 billion. This shows the increasing expansion of pharmaceutical manufacturing in the country, which in turn, will likely accelerate the demand for plastic bottles for strong and lightweight packaging of pharmaceutical formulations.
Some key players in the market include Amcor plc, Berry Global Group, Inc., Gerresheimer AG, Plastipak Holdings, Inc., and Graham Packaging Co. The market players are adopting some crucial strategies such as mergers and acquisitions, product launches, and partnerships and collaborations, to increase their competitiveness. For instance, in July 2019, Berry Global Group, Inc. acquired RPC Group Plc (RPC) in a price of nearly $6.5 billion. RPC is a provider of plastic packaging solutions and the combination of Berry and RPC will enable to offer value-added protective solutions and become one of the world’s largest plastic packaging firms.
Research Methodology
The market study of the global plastic bottles market is incorporated by extensive primary and secondary research conducted. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.
Secondary Sources Include
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
The global plastic bottles market is estimated to grow significantly during the forecast period. Rising application in pharmaceutical and cosmetic industry is driving the demand for plastic bottles. The demand for PET has increased in pharma packaging has increased compared to other materials such as glass and metal, which are non-flexible, costly, fragile, and heavy. PET materials are significantly preferred for packaging systems of solid oral formulations. PET is often used for packaging of liquid oral drug formulations. In addition, it is the most used plastic in the packaging of geriatric and pediatric drugs, as well as ophthalmic applications. Several pharmaceutical companies use different methods and materials for the packaging of ophthalmic products. Plastic bottles are commonly used in packaging of ophthalmic products, which is normally produced from materials including High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDP), Polypropylene (PP), and others depending on the needs of a specific product.
Geographically, Asia-Pacific is estimated to witness potential growth during the forecast period owing to the rising demands for plastic packaging and expansion of pharmaceutical and food and beverage industry in the region. As per the India Brand Equity Foundation (IBEF), Indian pharmaceutical sector is expected to reach $100 billion by 2025. During the period, April 2000 and March 2020, the drugs and pharmaceuticals sector attracted cumulative FDI inflow amounted to $16.5 billion. This shows the increasing expansion of pharmaceutical manufacturing in the country, which in turn, will likely accelerate the demand for plastic bottles for strong and lightweight packaging of pharmaceutical formulations.
Some key players in the market include Amcor plc, Berry Global Group, Inc., Gerresheimer AG, Plastipak Holdings, Inc., and Graham Packaging Co. The market players are adopting some crucial strategies such as mergers and acquisitions, product launches, and partnerships and collaborations, to increase their competitiveness. For instance, in July 2019, Berry Global Group, Inc. acquired RPC Group Plc (RPC) in a price of nearly $6.5 billion. RPC is a provider of plastic packaging solutions and the combination of Berry and RPC will enable to offer value-added protective solutions and become one of the world’s largest plastic packaging firms.
Research Methodology
The market study of the global plastic bottles market is incorporated by extensive primary and secondary research conducted. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.
Secondary Sources Include
- Financial reports of companies involved in the market
- Authentic public databases
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalog
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Plastic Bottles Market Research and Analysis, By Raw Material
- Global Plastic Bottles Market Research and Analysis, By Application
The Report Covers
- Comprehensive research methodology of the global plastic bottles market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global plastic bottles market.
- Insights about market determinants which are stimulating the global plastic bottles market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
A selection of companies mentioned in this report includes:
- AG Poly Packs Pvt. Ltd.
- Alpha Packaging
- Alpla Werke Alwin Lehner GmbH & Co KG
- Altium Packaging
- Amcor plc
- BERICAP Holding GmbH
- Berry Global Group, Inc.
- Chemco Group of Companies
- Comar, LLC
- Cospack America Corp.
- Gerresheimer AG
- Gil Plastic Products Ltd.
- Graham Packaging Co.
- Greiner Packaging GmbH
- Hitech Group
- Ningbo Jazz Packaging Co., Ltd.
- Plastipak Holdings, Inc.
- RESILUX NV
- Star Plastic Industries
- Takemoto Packaging. Inc.
- Unilever Group
- YuHuan Kang-Jia Enterprise Co., Ltd.
- Zhenghao Plastic & Mold Co., Ltd.
