North America Plastic Bottles and Containers Market is expected to grow at 4.8% with factors such as increasing demand of lightweight PET materials in bottles and containers.
Plastic bottles and containers market has shown an exceptional penetration in countries such as U.S. Growing usage of bottled water is increasing the penetration in developed countries. In developing countries, rising concern from government institutions towards recycling of plastic bottles is creating opportunity for the North America plastic bottles and containers market.
According to Data Bridge Market Research the market for plastic bottles and containers in U.S. country has the highest market share followed by Canada and Mexico. Market leader is Indorama Ventures Public Company Limited which accounts an estimated market share of approximately 9% to 12% in the country.
Indorama Ventures Public Company Limited joined the recycling partnership in November 2019 to endorse the U.S. residential recycling rates and raise availability of recycled PET. It will help the company to increase its customer base.
Trends Impacting the Market
Now the question is which other regions Indorama Ventures Public Company Limited, MJS Packaging and Amcor plc are targeting? Data Bridge Market Research has forecasted a large growth in the U.S. plastic bottles and containers market and the market leaders targeting Canada and Mexico to be their next revenue pockets for 2020.
The Plastic Bottles and Containers Market is becoming more competitive every year with companies such as Indorama Ventures Public Company Limited, MJS Packaging and Amcor plc as they are the market leaders for plastic bottles and containers. The data bridge market research new reports highlight the major growth factors and opportunities in the plastic bottles and containers market.
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PLASTIPAK HOLDINGS, INC. launched recycling counts in September 2019 that motivates the activity of recycling. It will help the company to grow its brand image in the market and also increase the customer base of the company.
North America Plastic Bottles and Containers market is segmented on the basis of countries into the U.S., Canada and Mexico.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of plastic bottles and containers companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=north-america-plastic-bottles-and-containers-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Plastic Bottles and Containers Market – Industry Trends and Forecast to 2026
North America Plastic Bottles and Containers Market – Industry Trends and Forecast to 2027