Asia-Pacific Plastic Bottles and Containers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Asia Pacific Plastic Bottles and Containers market is expected to reach a CAGR of 7.1% during the forecast period of 2021 to 2026. 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. Furthermore, due to the current breakout of the COVID-19 pandemic, single-use plastic bottles and containers are increasing significantly. This expects to dramatically increase the market share of plastic bottles and containers during the projected period. Furthermore, during the COVID-19 epidemic, local and national governments in several countries are relaxing their bans on single-use plastic bottles, which would provide growth possibilities for the plastic bottles and containers industry.

• With the COVID-19 outbreak affecting the market, countries seem to be shifting toward single-use plastics. Supply chains, additionally, are being strained to meet a surge in demand for single-use plastic packaging and medical supplies.
• Plastic packaging is becoming popular among consumers over other products as a plastic package is light in weight and is easier to handle. Similarly, even the major manufacturers prefer to use plastic packaging solutions due to their lower production costs. Moreover, the introduction of polyethylene terephthalate (PET) and high-density polyethylene (HDPE) polymers are expanding the plastic bottling applications. The market is witnessing an increasing demand for PET bottles in the bottled and soft water markets.
• PET plastic is quickly becoming a popular choice in the pharmaceutical business since it is a cost-effective, lightweight, and moisture-resistant material. As a result, rising demand for plastic products is likely to drive market expansion throughout the forecast period.
• Packaged food consumption has also been witnessing high growth. This has led to a demand for packaged food products with longer shelf life and sterility. Companies worldwide are manufacturing containers, which help achieve these objectives so that manufacturers of food products can transport and sell their products to the end customers. Changing demographics in this industry are demanding innovations in products. With the market changing rapidly, the company needs also changing.
• The increased awareness of environmental concerns about plastic and other health issues about bottled water is predicted to stifle the market for plastic bottles and containers. Growing concerns about global warming and amounts of plastic waste, on the other hand, could pose a threat to the demand for plastic bottles and containers.

Scope of the report

Plastic bottles and containers are packaging with a smaller neck than the container and can be used for single-use and repeated reuse. These packaging solutions primarily store liquids and beverages, and they vary in size and clarity depending on the necessity and demand. The Asia Pacific Bottles and Containers Market is segmented by Raw Material (PET, PP, LDPE, HDPE, Other Raw material), by End- Vertical User (Beverages, Food, Cosmetics, Pharmaceuticals, Household Care, Other End- User) and Country.

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Key Market Trends

PET Developments with Respect to Environment

• Demand for bottled beverages has increased due to the growing tendency of westernization, rising disposable incomes, and changing consumer dietary patterns, particularly in developing nations like India and China. Furthermore, consumers' hectic lifestyles have enabled them to choose on-the-go beverages.
• Adopting PET can lead to up to 90% weight reduction compared to glass, allowing a more economical transportation process. Currently, plastic bottles made from PET are widely replacing heavy and fragile glass bottles, as they offer reusable packaging for mineral water and other beverages.
• Ecobricks, made of recycled PET bottles and fillers, including dirt, plastic wrapper trash, and other materials, have been used to construct walls. In addition, there have been newfound uses for post-recycled consumer plastic, such as using it as a non-load-bearing construction material. Still, advancements have led to its integration into more sophisticated construction infrastructure, such as bridges.
• The PET bottle business has a lot of potential because of technological advancements.  For instance, Companies in the studied region have developed a plasma-based coating that makes PET bottles more resistant to the elements. Aside from that, they've started using silver to extend the shelf life of their products.
• One of the foremost reasons that many manufacturers chose PET is that it is 100% recyclable and highly sustainable. It may be recovered and recycled multiple times –– into personal care product containers, carpet and garment fibers, automobile parts, construction materials, industrial strapping, and other packaging materials.

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