What is Plastics Bottle Market?
Plastic Bottle are Plastic bottles are made of polymers, which are chemically bonded to create materials such as polyethylene and polystyrene. Plastics is used for producing some of the most common types of beverage bottles. It has been estimated that about one million plastic bottles are sold globally. Attempts to recycled polyethylene terephthalate (RPET) in Asia has been contested by many of Asia’s largest food packaging producers like India and China. Now, more Asian countries are revising their stance on the use of RPET in food contact materials.
Highlights from Plastics Bottle Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Dow Chemical Company (United States), Everich (China), Dongguan Mingda Plastics Products Co., Ltd. (China), LyondellBasell (United Kingdom), ExxonMobil (United States), Wan Chao Life Technology Co., Ltd. (China), Nanjing Binzhenghong Instrument Co., Ltd. (China), SABIC (Saudi Arabia), INEOS (United Kingdom), BASF (Germany), Cixi New Century Yu-Xiao Plastic Co., Ltd. (China), ENI (Italy), Ningbo Passen Technology Co., Ltd. (China), LG Chem (South Korea), Chevron Phillips Chemical (United States) and Lanxess (Germany)|
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA predicts that China Vendors will contribute to the maximum growth of Global Plastics Bottle market throughout the forecasted period. Dow Chemical Company (United States), Everich (China), Dongguan Mingda Plastics Products Co., Ltd. (China), LyondellBasell (United Kingdom), ExxonMobil (United States), Wan Chao Life Technology Co., Ltd. (China), Nanjing Binzhenghong Instrument Co., Ltd. (China), SABIC (Saudi Arabia), INEOS (United Kingdom), BASF (Germany), Cixi New Century Yu-Xiao Plastic Co., Ltd. (China), ENI (Italy), Ningbo Passen Technology Co., Ltd. (China), LG Chem (South Korea), Chevron Phillips Chemical (United States) and Lanxess (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Anhui Dream-China Technology Co., Ltd. (China), Jiangyin New Fangzhou International Trade Co., Ltd. (China) and Ningbo Yufan Packaging Co., Ltd. (China).
Plastics Bottle Market Segmentation:
|Application / End User||Beauty Products, Pharmaceutical, Food and Beverages, Automotive and Others|
|Type||Polypropylene (PP), Polyethylene Terephthalate (PET or PETE or Polyester), High-Density Polyethylene (HDPE) and Polyvinyl Chloride (PVC)|
|Capacity||250 ML,330 ML,600 ML,1.5 L,Others|
|Distribution Channels||Supermarket,Retailer,Business to Business,Online|
On the basis of geography, the market of Plastics Bottle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Increasing Trend of Recycling Plastic Bottle in Soda Bottles, Bottled Water
Market Growth Drivers:
Increasing Used of Plastic Bottles in Soft Drinks and Water Company is Driving the Growth and Beverage Companies are using more Recycled Bottles in Manufacturing
Challenge to Recycle used Plastic Bottles and Give them a Second Life
Ban of Use of Plastics in some Countries can Hamper the Growth
Increasing Development of Eco-Friendly Plastics Bottle and Rising Innovation and Development in Emerging Countries like China
Key Target Audience
Plastic Bottle Manufacture, Plastic Bottle Supplier, Regulatory/Government Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 30th June 2021, LyondellBasell one of the largest plastics, chemicals and refining companies in the world announced it has acquired 100 percent of PolyPacific Polymers Sdn. Bhd. (PPM) in Port Klang, Malaysia. PPM is a 25kt manufacturing facility producing reinforced and modified polyolefin compounds.