Packaging plays a key role in terms of value addition for the product, owing to the demand for protective features against contamination, in addition to aspects such as increasing aesthetic appeal, logistics, brand visibility, and marketability. Packaging is also important for extending shelf life. The global plastic containers market is projected to grow at a healthy CAGR of ~ 5.4 per cent through the forecast period till 2026. This figure will account for the sales of ~ 120,000 metric tons of plastic containers to be sold during this period.
The adoption of plastic as a key packaging material has gained traction in recent years in most places around the world, becoming a substitute and replacement for glass, metal, paper, and wood variants, owing to not only the superior performance characteristics, but also cost-effectiveness, which will gain growth in a number of end use sectors including pharmaceuticals and food and beverage products.
North America to Continue Dominating Demand
North America has been projected to be a fast expanding market in terms of plastic containers, which can be attributed to the substantial growth of the food and beverage industry in the region. This trend is further supported by increasing expenditures on utilities and stringent laws towards recycling procedures for packaging materials.
The Asia Pacific excluding Japan region is also displaying a strong rate of growth owing to the massive growth of urbanization activities and in the region, and the hectic lifestyles of people in the region, which has bolstered the demand for packaged food, supported by growing disposable incomes. In addition, there are increased concerns about the contamination of drinking water sources around the world, which has been a key driver behind the high demand for bottled water, with has witnessed an exponential expansion in recent years, generating a high demand for plastic bottles, and has now become the primary application of plastic containers on a global scale.
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Extensive Scope of Application Drives Demand
Plastic containers are used for a wide range of end use products including those from the personal care, pharmaceutical, chemicals, beverages, and food industries. The increased use of plastic containers is on the rise owing to the development of strong and deformable variants of plastic containers in different sizes and configurations.
The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2026 and key prospects over the forecast period 2017-2026.The global plastic containers market is anticipated grow at a CAGR of 5.4% over the forecast period 2017-2026.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the plastic containers market, both at global and regional levels.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the plastic containers market.
The plastic containers market trends analysis report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.Key regions covered comprise: North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)APEJ (China, India)MEA and JapanAfter reading the plastic containers market report, readers get insight into:Major drivers and restraining factors, opportunities and challenges, and the competitive landscapeNew, promising avenues in key regionsNew revenue streams for all players in emerging marketsFocus and changing role of various regulatory agencies in bolstering new opportunities in various regionsDemand and uptake patterns in key industries of the plastic containers marketNew research and development projects in new technologies in key regional marketsChanging revenue share and size of key product segments during the forecast periodTechnologies and business models with disruptive potentialYou can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=442To expand the understanding of opportunities in the global plastic containers market report looks at close quarters into the opportunities and new avenues in following key segments: By Equipment TypeBy RegionBy End-UsersBy Sales ChannelsIn addition to understanding the demand patterns of various end users, the report on the plastic containers market also enumerates trends expected to attract investments by other various associated industries.The evaluation of the competitive landscape in the plastic containers market covers the profile of the following top players:Alpha Packaging Holdings IncorporatedAMCOR Ltd.Bemis Company incorporatedCKS Packaging Incorporated and many othersOn the basis of product types, the plastic containers market report offers insight into major adoption trends for the following segments:Boxes & CartonsBags & PouchesContainers (plastic containers, metal cans)Others (Cups, Tubs, Bowls etc.
)The global plastic containers market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period.
In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
