Global Plastic Bottles and Containers Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global plastic bottles and containers market will account to an estimated USD 146.38 billion in 2018 growing at a CAGR of 5.68% during the forecast period of 2019 to 2026.

Access Full Report at https://databridgemarketresearch.com/reports/global-plastic-bottles-and-containers-market/

Global Plastic Bottles and Containers Market

Plastic bottles and containers can be defined as a packaging method and its structure is defined as having a neck smaller than that of its whole structure. It is majorly defined as being fit for multiple uses and has the capability of storing both foods and beverages.

Segmentation: Global Plastic Bottles and Containers Market

Global plastic bottles and containers market is segmented on the basis of raw material, end-use industry and geography.

By Raw Material (LDPE, PET, HDPE, PP, Others), End-Use Industry (Food, Beverages, Cosmetics, Pharmaceuticals, Industrial, Household Care, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN PLASTIC BOTTLES AND CONTAINERS MARKET

Acquisitions and expansion strategy adopted by the major manufacturers

  • In November 2018, CCC Packaging announced that they had acquired Polybottle Group Limited and Humberline Packaging Inc. to grow their company and expand their business operations in the region of Canada.
  • In October 2018, HOKKAN HOLDINGS LIMITED announced that they have agreed to acquire Deltapack. With this acquisition HOKKAN hopes to meet the growing demand for sustainable and recyclable plastic packaging methods of the region and expand their production capacity with already established plants by the local manufacturer.

Key Market Competitors: Global Plastic Bottles and Containers Market

Few of the major competitors currently working in the plastic bottles and containers market are CKS Packaging, Inc.; Comar, LLC; Amcor Limited; Cospack America Corp.; Graham Packaging Company; Sonoco Products Company; Sealed Air; Smurfit Kappa; Plastipak Holdings, Inc.; Alpha Packaging; Berry Global Inc.; Container Corporation of Canada; Aaron Packaging, Inc.; CCC Packaging; HOKKAN HOLDINGS LIMITED; Gerresheimer AG; Indorama Ventures Public Company Limited; Mpact; PDG Plastiques; Esterform Ltd and RESILUX NV.

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