HDPE, PET, LDPE, and other materials are used for the manufacturing of bottles and containers. Plastic bottles and containers have applications in various industries, including food and beverage, personal care, pharmaceutical, cosmetic, and others. Growing demand for efficient, portable, and high dispensing bottles from pharmaceutical and personal care industries is expected to boost the market.
Geographically, the plastic bottles and containers market is segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).
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North America is expected to hold the largest share in the global plastic bottles and containers market owing to the rapid growth of personal and beauty care products. Plastic bottles are extensively used for the packaging of personal care products owing to their chemical resistance, durability, and environment friendliness.
Europe is expected to hold a considerable share in the global plastic bottles and containers market during the assessment period, 2019–2026. Growing demand for organic processed food and concerns about scientific packaging in the region are expected to boost the global market. For instance, according to Soil Association Market Report, the sales of organic products in the U.K. was valued at USD 2191.12 million and USD 2619.47 million in 2015 and 2018, respectively; it is projected to reach a value of USD 2.80 billion by 2020.
The growing use of plastic containers for the packaging of meat, beef, and poultry products is expected to influence market growth in the Asia Pacific region. For instance, according to OCED, Malaysia's halal industry is witnessing significant potential growth on both domestic and international levels. In 2014, the export value for halal products was USD 8.63 billion, and it increased to USD 9.58 billion in 2015. According to plasticinsights.com, China contributes 27% in the global production of PP polymer, amounting to 73.7 million tons in 2016.
Latin America and the Middle East are witnessing potential growth in the global plastic containers market owing to the presence of emerging countries including Brazil, Mexico, Chile, and others, which are significant producers of plastics and resins. Mexico's total plastic and resins production in 2015 was USD 28.5 billion and is expected to reach USD 30.95 million.
The plastic bottles and containers global market is segmented by material type, plastic processing, and application.
By material type, the global market is segmented into HDPE, LDPE, PET, PP, and others. HDPE bottles and containers are recyclable products, which makes them a great choice for highly disposable products. HDPE bottles and containers are expected to hold a significant market share during the assessment period 2019-2026. This is majorly attributed to their versatile and suitable application in various industries such as pharmaceuticals, food & beverage, personal care, cosmetic, and others. HDPE bottles are majorly used in the pharmaceutical industry owing to their benefits such as cost-effectiveness, UV-resistance, high strength, resistance to most chemical solvent, and others. Additionally, they can withstand temperatures ranging from -148 to 176 degrees Fahrenheit.
Based on plastic processing, the market is segmented into extraction blow molding, injection blow molding, and others. Extraction blow molding (EBM) is commonly used to process various types of plastic, including HDPE, PP, PVC, and others. It is an extensively used method which gained significant traction in the global plastic bottles and containers market during the forecast period, 2016–2026. This is majorly attributed to advantages associated such as low-cost as compared to IBM (injection blow moulding), less operation time, and others. Furthermore, advanced features such as IML (In-mould labeling) and window stripe on bottles are expected to augment the value of the global market. It is one of the prominent and efficient methods used for manufacturing of bottles, jars, jugs, and others
In terms of application, the market is segmented into food & beverage, pharmaceutical, personal care, household, others. Plastic bottles and containers are frequently used for the packaging of household products owing to their durability, easy & safe use, and cost-effectiveness. Household products, cleaning products, fabric cleaners, and others are mainly packaged in plastic bottles. Moreover, kitchenware containers and bottles are significant contributors to the growth of the market.
Growing global household cleaners market is expected to influence the plastic bottles and containers market. This is majorly attributed to extensive use of plastic bottles and containers for the packaging of household cleaners. For instance, according to the India Home & Personal Care Industry Association, the global household cleaners market was valued at USD 25.50 billion and is projected to increase up to USD 33.00 billion by 2022.
Plastic Bottles and Containers Market: Segmentation
By Material Type
By Plastic Processing
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