5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
The APAC production of plastic containers in 2017 was XX.X MMT and is expected to reach XX.X MMT by 2022 at a CAGR of X.XX%; while in terms of revenue, the market was worth USD XX.X billion in 2017 and is projected to reach USD XX.X billion in 2022, at a CAGR of X.XX%.
Plastic containers are manufactured by various blow molding processes such as extrusion blow molding, injection blow molding, and stretch blow molding. These bottles/containers use various resins like PET, PP, HDPE, LDPE, and others as raw materials.
In emerging regions, the pharmaceutical industry has a share of 22% and FMCG sector had 30% share during the same period. End-use industries like health care and bottled water are increasing the usage of plastics, and thus, with its growing market, the plastic container market is expected to increase. The food & beverages industry constituted around 50-55% of the total plastic bottles usage.
Factors like low carbon footprint and demographics are driving the PET bottles industry. For instance, the cosmetics industry, which mainly used glass as a packaging material in the past, is slowly being substituted by PET bottles. On the other hand, paper packaging products like tetra packs are being substituted with plastic.
Some of the key players mentioned in the report are:
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Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
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