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The North America Plastic Bottles and Containers Market is segmented by Raw Material (PET, PP, LDPE, and HDPE), End-user Vertical (Beverage, Food, Pharmaceuticals, Cosmetics, Household Care, and Industrial), and Country.
Fastest Growing Market:
The North America Plastic Bottles and Containers market was valued at USD 34.12 billion in 2019 and is expected to reach USD 44.67 billion by 2025, at a CAGR of 4.61% over the forecast period 2020 - 2025. Owing to the rising stringent regulations against plastic recyclability, plastic bottle and container manufacturers, coupled with end users, are expected to use more recyclable materials.
Plastic bottles and containers are containers made exclusively or partially of plastics. The entire packaging industry heavily depends on plastic bottles and containers or containers with some plastic content (e.g. Plastic coating or when made of composite material), besides paperboard and other materials. There are a wide variety of innovative, cost-effective, and sustainable packaging solutions emerging in the market. The non-availability of raw materials has been a restraining factor for the industry over the past decade.
|By Raw Material|
|Others Raw Materials|
|By End-user Vertical|
|Other End-user Verticals|
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HDPE is used to make various types of bottles, and among those, un-pigmented bottles are translucent, with good stiffness and barrier properties. These materials are well suited for packaging products with a short shelf life, such as milk and other dairy products. HDPE also has good chemical resistance, which makes it a useful material for packaging many household and industrial chemicals, such as liquid detergents and solutions. Pigmented HDPE bottles have improved stress crack resistance than un-pigmented HDPE material.
One of the major applications of HDPE material is in non-carbonated drinks, fuel containers for automobiles, and milk packaging. Blow-molding application of HDPE makes it stronger and more versatile than PP and LDPE materials.
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By end user, the beverage segment dominates the North American plastic bottles and containers market, owing to the increasing consumption of plastic bottles by beverage companies, and also due to growing innovation in the field.
Polyethylene terephthalate (PET) is used for the carbonated drinks packaging due to its high impact resistant nature and improved moisture and gas barrier properties. It has a rigid structure with high strength. Low-density polyethene (LDP) is used for squeeze and crush types of bottles. HDP bottles are also in significant use. Other beverages, like fruit juice, RTD tea and coffee, and energy drinks, also rely on PET bottles for their clear advantages and the need to retain gasses and aroma.
Alcoholic beverages have a huge market in North America, but the plastic bottles and containers industry is receiving tough competition from glass and metals in this market, due to the higher quality and inertness offered, along with the premium look of glass bottles.
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The North American plastic bottles and containers market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability.
The companies operating in the market are also acquiring start-ups working on plastic bottles and container technologies to strengthen their product capabilities. In February 2018, Berry Global Group Inc. acquired Clopay Plastic Products Company Inc., a subsidiary of Griffon Corporation, for USD 475 million in cash, on a debt-free, cash-free basis. The acquisition of Clopay is directly aligned with the company’s fundamental strategic initiatives.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Gradual Shift from Steel to Plastic Fuel Tanks
4.3.2 Growing Demand from the Packaging Industry
4.4 Market Restraints
4.4.1 Growing Environmental Concerns over the Use of Plastics
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Raw Material
5.1.5 Others Raw Materials
5.2 By End-user Vertical
5.2.5 Household Care
5.2.6 Other End-user Verticals
5.3.1 North America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alpha Packaging Inc.
6.1.2 Consolidated Container Company LLC
6.1.3 Amcor Limited
6.1.4 Berry Global Group Inc.
6.1.5 Gerresheimer AG
6.1.6 Alpack Plastic Packaging
6.1.7 Comar LLC
6.1.8 Graham Packaging Company LP
6.1.9 Plastipak Holdings Inc.
6.1.10 CKS Packaging Inc.
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS