Asia-Pacific Plastic Bottles and Containers Market Size

APAC Plastic Bottles & Containers Market Analysis

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.