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:
- Alpack Plastics
- Alpha Packaging
- Amcor Ltd.
- Bericap GmbH and Co. KG
- Berry Plastics Corporation
- Constar Internationals, Inc.
- Container Corporation of Canada
- Cospack America Corp.
- Graham Packaging Company
- Ontario Plastic Container Producers Ltd.
- Rexam, Inc.
What the Report Offers
- Market definition along with identification of key drivers and restraints for the market.
- Market analysis with region-specific assessments and competition analysis on a global and regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect the industry on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
