Global Blow Molded Plastic Bottles Market 2018-2022| Growth Analysis and Forecast| Technavio
LONDON--(BUSINESS WIRE)--Sep 18, 2018--The global blow molded plastic bottles market is expected to register a CAGR of about 4% during the period 2018-2022, according to the latest market research report by .
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Technavio has published a new market research report on the global blow molded plastic bottles market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the rising adoption of PET as a packaging solution. PET packaging is being employed across the globe for the packaging of products such as beverages, food, perfumes and sprays, toiletries, food, and pharmaceuticals. In 2017, about 50% of the beer bottles in Romania were made from PET as consumers in this country found these bottles to be convenient.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growing demand for Bio-PET material globally as one of the key emerging trends in the global blow molded plastic bottles market:
Global blow molded plastic bottles market: Growing demand for Bio-PET material globally
Technological advances in the manufacturing of polymers are promoting the demand for polythene packaging in various end-user segments. The global demand for biodegradable-polyethylene terephthalate (Bio-PET) materials for several purposes, primarily packaging, is expected to be driven by the emergence of biodegradable plastics such as polyvinyl alcohol, polylactic acid, and polyanhydrides.
“Microorganisms can easily decompose Bio-PET packaging solutions. The disposal of this material has a less toxic effect on the environment when compared with conventional plastics. The environmental benefits of Bio-PET material will promote its use in the packaging industry, which is, in turn, anticipated to boost the growth of the blow-molded plastic bottles market,” says a senior analyst at Technavio for research on engineering tools.
Global blow molded plastic bottles market: Segmentation analysis
This market research report segments the global blow molded plastic bottles market by end-user (food and beverages industry, household industry, and personal care industry), by material type (PET and PE), and geography (the Americas, APAC, and EMEA).
The food and beverages industry segment held the largest market share in 2017, accounting for nearly 66% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with more than 38% of the market share, followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS PACKAGING
SOURCE: Technavio Research
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PUB: 09/18/2018 11:08 AM/DISC: 09/18/2018 11:08 AM