![Plastic Containers Market to Worth USD 82.00 Billion Forecast [2021-2028]; Expansion of Greiner Packaging Bottle Range to Fortify Market, Report by Fortune Business Insights™](media/Y2RkMmYxNjMtMGE2Yi00ZGNhLWE0NGYtMGM5NzdiNWUzZTA5LTUwMDA2NjY2Mw==/tiny/Fortune-Business-Insights.png#thumbnail=%2C&srcset=1)
Plastic Containers Market to Worth USD 82.00 Billion Forecast [2021-2028]; Expansion of Greiner Packaging Bottle Range to Fortify Market, Report by Fortune Business Insights™
Top companies covered in plastic containers market report are ALPLA (Hard, Austria), Alpha Packaging (Missouri, U.S.), Amcor (Zurich, Switzerland), Plastipak Packaging (Michigan, U.S.), Graham Packaging (Pennsylvania, U.S.), RPC (Georgia, U.S.), Berry Plastics (Indiana, U.S.), Greiner Packaging (Kremsmunster, Austria), Silgan Holdings Incorporated (Connecticut, U.S.), CKS Packaging Incorporated (Atlanta, U.S.), Fortex-Fortiflex (San Juan, Puerto Rico), Altium Packaging (Georgia, U.S.), Polytainers (Ontario, Canada), Airlite Plastics (Omaha, U.S.), other key players profiled
Pune, India, Sept. 02, 2021 (GLOBE NEWSWIRE) — The global plastic containers market size is expected to reach USD 82.00 billion in 2028, exhibiting a CAGR of 5.0% during the forecast period. The growing demand for rigid packaging from food and beverage manufacturers can have an excellent impact on the global market growth, states Fortune Business Insights, in a report, titled “Plastic Containers Market, 2021-2028.” The market size stood at USD 55.80 billion in 2020.
COVID-19 Impact:
The epidemic has impacted markets across the spectrum, with governments imposing restrictions on distribution and transportation and industrial closures disrupting the value chain. Due to a scarcity of manpower and a disturbance in the supply chain, the enterprises’ production capacities have been limited. As a result, demand for plastic container items is low. Moreover, China is a dominant player in the market. Regulations on the export of plastic products to and from the country have harshly affected the North American and European markets. In the wake of COVID-19, the consumer goods industry is facing a negative impact due to the primary focus on personal protective equipment, which, in turn, will dampen this market. Consumer goods companies are facing late deliveries and out-of-stock products. The pricing has increased from 5% to 10% as brands seek to find new vendors for bottles.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/plastic-containers-market-102372
The Report Lists the Key Players in the Market:
- ALPLA (Hard, Austria)
- Alpha Packaging (Missouri, U.S.)
- Amcor (Zurich, Switzerland)
- Plastipak Packaging (Michigan, U.S.)
- Graham Packaging (Pennsylvania, U.S.)
- RPC (Georgia, U.S.)
- Berry Plastics (Indiana, U.S.)
- Greiner Packaging (Kremsmunster, Austria)
- Silgan Holdings Incorporated (Connecticut, U.S.)
- CKS Packaging Incorporated (Atlanta, U.S.)
- Fortex-Fortiflex (San Juan, Puerto Rico)
- Altium Packaging (Georgia, U.S.)
- Polytainers (Ontario, Canada)
- Airlite Plastics (Omaha, U.S.)
- Other Key Players
Driving Factor:
High Utilization of Rigid Plastic Containers to Favor Market
Rigid containers have shapes and forms that are relatively rigid. Because of their durability and lightweight, rigid plastic containers are becoming more popular in the food and beverage sectors. Food is safe and has a longer shelf life because of these qualities, which protect it against moisture, light, and chemicals. Furthermore, it is an effective packing material for storing and transporting food and drinks because of its small weight. The need for rigid containers in the food and beverage sectors will rise as people’s lifestyles change and their expenditure on packaged items rises, further enabling the market to grow during the forecast period.
Market Segments:
Based on material, the market is classified into polyethylene terephthalate (PET), polypropylene (PP), high-density polyethylene (HDPE), low-density polyethylene (LDPE), and others
Based on container type, the market is classified into bottle & jars, pails, tubs, cups & bowls, and others. The bottles & jars segment is expected to hold the largest plastic containers market share during the forecast period.
Based on end-user, the market is classified into beverages, food, pharmaceuticals & cosmetics, FMCG, and others.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/plastic-containers-market-102372
Regional Insights:
Booming Beverage Sector to Propel Market in Asia Pacific
The Asia Pacific region accounted for the highest market share, with China and India leading the way. The increasing beverage sector is responsible for the region’s growth. This drives up the need for plastic bottles to store water and fizzy beverages. Polyethylene terephthalate (PET) is the most common material used in beverage bottles. As a result, growing consumer expenditure on carbonated beverages would propel the market in this area to new heights. Moreover, due to the booming food and medicines industries in North America, the United States is the major donor. To prevent leakage of food and drinks in the food sector, stiff plastic bottles and jars are commonly employed.
Competitive Landscape:
Ongoing Advancements by Prominent Players to Intensify Market
The competitive landscape shows a fragmented industry with ALPLA as a key competitor. A diverse product range and ongoing advancements by the firm to develop new plastic items are key elements in the business’s leadership position.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/plastic-containers-market-102372
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Qualitative Insights on Impact of COVID-19 on Global Plastic Containers Market
- Supply Chain Analysis & Challenges
- Steps taken by Government / Companies to Overcome this Impact
- Potential Challenges and Opportunities due to COVID-19 Outbreak
- Global Plastic Containers Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast
- By Material (Value)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- High-density polyethylene (HDPE)
- Low-density polyethylene (PDPE)
- Others
- By Container Type (Value)
- Bottles & Jars
- Pails
- Tubs, Cups & Bowls
- Others
- By End-Use (Value)
- Beverages
- Food
- Pharmaceuticals & Cosmetics
- FMCG
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- By Material (Value)
TOC Continued…!
Key Developments:
March 2021: Greiner Packaging announced the expansion of its range of bottles to meet the increased demand. The new range will include 16 bottles that can be used for sanitizers made from up to 100 percent r-PET.
Speak to Our Expert:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/plastic-containers-market-102372
Have a Look at Related Research Insights:
Plastic Market Size, Share & COVID-19 Impact Analysis, By Type (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Polyurethane, Polystyrene, and Others), By End-Use (Packaging, Automotive & Transportation, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics, Textile), and Regional Forecast, 2021-2028
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Phone:
US:+1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
