Market Trends of NA Plastic Bottles and Containers Industry
This section covers the major market trends shaping the North America Plastic Bottles & Containers Market according to our research experts:
LDPE is Expected to Register a Significant Growth
- LDPE provides impact resistance. It is an effective barrier to chemical and vapor, while being pliable. It is used to make trays, containers, and bottles.
- One of the critical drivers for the LDPE bottles market is with an increase in some small households resulting in the high demand for commodities in day to day life, from consuming to storing will give a boost to the LDPE bottles market.
- Though LDPE is less chemically resistant and rigid compared to HDPE, it is similar to HDPE in composition. LDPE is used in the manufacturing of squeeze bottles, such as ketchup and other products.
- Alpla Inc., a plastic bottle and packaging manufacturer, announced a USD 6.9 million expansion of its Bowling Green facility, in Kentucky, to increase its LDPE bottle manufacturing capacities. The investments in LDPE packaging are anticipated to drive the LDPE bottle packaging market.
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Cosmetics Industry is Expected to Witness Significant Growth in Adoption
- Plastic is one of the most used and preferred materials for cosmetics packaging, and numerous cosmetic products in the market come in plastic bottles and containers, owing to the easy molding, structuring, and designing capability of the material, as well as the protection. In the cosmetics industry, plastic bottles and containers are preferred forms of primary packaging and held an unchallenged prominent share in the market.
- According to Packaging Machinery Manufacturers Institute (PMMI), at 61% market share, plastic packagings, such as bottles, jars, compacts, and tubes, dominates the cosmetics and other personal care products categories, where plastic bottles are the most used containers, accounting for 30% of the market.
- Moreover, the United States is one of the biggest markets when it comes to cosmetics, personal care products, and fragrances market. According to Cosmetic Executive Women (CEW’s) market trend studies, United States beauty sales accounted for USD 19 billion in 2019. Also, according to the Bureau of Labor Statistics, the average annual expenditure on cosmetics, perfume products per consumer units in the United States accounted for USD 197.01 in 2019 that grew from USD 145.91 in 2013. Thus, such huge growth in the cosmetic market is driving the plastic bottle and container market in the country.
- Furthermore, cosmetic companies are taking the initiative for making plastic packaging used in their product to be sustainable. For instance, in August 2020, Loreal USA has joined 60 brands, retailers, government agencies, and NGOs in collaboration to advance all plastic packaging in the United States to become reusable, recyclable, or compostable by 2025.
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