Global Plastic Bottles & Containers Market is Forecast to Reach $192 Billion by 2023: Opportunity & Challenge Analysis - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “Global Plastic Bottles and Containers Market - Segmented by Raw Material (PET, PP, LDPE, HDPE), End-user Vertical (Beverages, Food, Pharmaceuticals, Cosmetics, Household Care, Industrial), and Region - Growth, Trends, and Forecasts (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global plastic bottles and containers market was valued at USD 140.107 billion in 2017, and is expected to reach a value of USD 192.048 billion by 2023, at a CAGR of 5.31%, during the forecast period (2018-2023).
Plastic packaging has been witnessing growing inclination from consumers over other products, as plastic packages are lightweight and easier to handle. Similarly, even the major manufacturers prefer to use plastic packaging solutions, owing to their lower cost of production. There are a wide variety of innovative, cost-effective and sustainable packaging solutions emerging in the market.
The non-availability of raw materials has been a restraining factor for the industry, over the last decade. The increasing awareness about environmental concerns over usage of plastic remains the major constraint for the growth of the plastic industry.
Key HighlightsGrowing Demand from the Packaging Industry is Driving the Growth of this Market PET Held the Largest Share of the Market in 2017 North America is one of the Major Contributors to the Market
Developments in the MarketFebruary 2017 - Graham Packaging provided design and engineering expertise to help Nestl Waters launch a new hot-fill package for their rebranded line of authentic tea products January 2017 - Berry Plastics acquired AEP Industries Inc. in order to expand their breadth of product offerings and also to increase the production capacity of engineered materials division
Key Topics Covered
2. Research Approach and Methodology
3. Executive Summary
4. Market Insights
5. Market Dynamics
6. Technology Snapshot
7. Global Plastic Bottles and Containers Segmentation
8. Competitive Intelligence - Company ProfilesAlpha Packaging Inc CKS Packaging Inc. Consolidated Container Company LLC Plastipak Holdings Inc. Graham Packaging Company L.P. Comar LLC Amcor Limited Berry Plastics Corporation Alpack Plastic Packaging
9. Investment Analysis
10. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/vm8ks4/global_plastic?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005281/en/
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Related Topics:Food and Beverage,Food Packaging,Beverage Packaging,Pharmaceutical Packaging
INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
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PUB: 08/20/2018 08:29 AM/DISC: 08/20/2018 08:29 AM