The global plastic containers market size is predicted to reach USD 77.45 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. The growing adoption of plastic containers in cosmetics industry to have a positive impact on the plastic containers market revenue during the forecast period. Polypropylene is extensively used for the production of bottles, and jarsin packaging and storage of creams, powders, and other cosmetics products. Additionally, the growing inclination of consumers towards skincare products will bolster healthy growth of the market in the foreseeable future.According to the published report by Fortune Business Insights, titled “Plastic Containers Market Size, Share & Industry Analysis, By Material (PET, PP, HDPE, LDPE, and Others), By Container Type (Bottle & Jars, Pails, Tubs, Cups & Bowls, and Others), By End-Use (Beverages, Food, Pharmaceuticals & Cosmetics, FMCG, and Others), and Regional Forecast, 2019-2026”
the global market size stood at USD 51.89 billion in 2018. The plastic containers market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about plastic containers market status, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis.
Acquisition of Polybottle by Reid Canada to Spur Business Opportunities
Reid Canada Inc., announced that it has acquired Polybottle Group Limited and Humberline Packaging Inc., a class producer of plastic bottles for the food, beverage, automotive, and industrial and specialty chemical industries from ABC Group, one of the leading component manufacturers. The deal between the companies is likely to boost the plastics containers market trends owing to the future launch of innovative products such as Dura-Lite® with the combination expansion prospects. Furthermore, President and Chief Executive Officer of CCC, Sean R. Fallmann, said in a statement, “we welcome the employees of Polybottle and Humberline into the CCC family.
These companies have great leadership teams and a strong reputation of consistently providing quality products and excellent customer service. This acquisition is another step in CCC’s North American growth strategy, in which we combine strategic asset acquisitions with new innovative products to better meet our customers’ needs.” He also added ,“Dura-Lite®is designed to use 10 per cent to 25 per cent less plastic than comparable traditional designs, while meeting or exceeding the key performance attributes of those traditional designs. With the addition of Eco Prime®, a recycled resin safe for food contact, customers will further strengthen their brand’s sustainability story.”
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https://www.fortunebusinessinsights.com/plastic-containers-market-102372
The global ''industrial plastic containers'' market size is predicted to reach USD 77.45 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period.
Polypropylene is extensively used for the production of bottles, and jars in packaging and storage of creams, powders, and other cosmetics products.
From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well.
Overall, almost every sector is anticipated to be impacted by the pandemic.We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics.
Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Study Period: 2016-2027 Base Year: 2019 Forecast Period: 2020-2027 Historical Period: 2016-2018Acquisition of Polybottle by Reid Canada to Spur Business OpportunitiesReid Canada Inc., announced that it has acquired Polybottle Group Limited and Humberline Packaging Inc., a class producer of plastic bottles for the food, beverage, automotive, and industrial and specialty chemical industries from ABC Group, one of the leading component manufacturers.
This acquisition is another step in CCC’s North American growth strategy, in which we combine strategic asset acquisitions with new innovative products to better meet our customers’ needs.” He also added, “Dura-Lite®is designed to use 10 per cent to 25 per cent less plastic than comparable traditional designs, while meeting or exceeding the key performance attributes of those traditional designs.
The global Plastic Container Market size is projected to touch USD 112.5 billion by the end of 2025, as per the report released by Million Insights.
Factors such as the growing preference for convenient food items including nutritional and functional drinks are projected to fuel the market growth in the forecast duration.
Key Players:Airlite Plastics; Berry Global Inc.; Polytainers Inc.; CCC Packaging; Silgan Holdings Inc.; Reynolds; CKS Packaging, Inc.; Amcor Limited; RPC Group Plc.
Use of HDPE is anticipated to foresee substantial growth in the coming years.
HDPE is a commonly used material for jars, cosmetics and milk bottles.
It has an excellent resistive quality which prevents the product from moisture, microbes and radiation, thereby, improving the serviceable life of the product.
Global Plastic Food Container MarketA plastic food container as the name implies, is a plastic container specifically designed to hold food products, both solid and liquid.The plastic material by which the container is made should not react with the food products stored and the food should remain safe for consumption.
In general, a plastic food container is rigid in nature to ensure that it is crush and shatter resistant.Global Plastic Food Container Market: DynamicsRise in market size of the dairy sector increasing the sale of plastic food containersIncrease in sale of rigid plastic food containers across the world is due to rise in demand for dairy products.
Rigid plastic food containers are shatter and crush resistant, are cheap, lightweight, and have a flexible shape.
Get More Press Releases by TMR: https://www.prnewswire.com/news-releases/product-innovations-to-withstand-temperature-extremities-moisture-to-fuel-growth-of-outdoor-furniture-market-global-market-valuation-to-reach-us-31-35-bn-by-2031--tmr-insights-301368473.html Rise in food packaging across the worldGlobal rise in millennial population, increase in disposable income, changing lifestyle etc.
Grab an exclusive PDF Brochure of this reportGlobal Plastic Food Container Market: Regional AnalysisAsia Pacific to hold prominent share of the global plastic food container marketBased on geography, the global plastic food container market can be bifurcated into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South AmericaThe market in North America is broken down and analyzed at country-level, which includes the U.S., Canada, and Rest of North America.
Similarly, the plastic food container market in Europe can be divided into the following country levels: Germany, France, the U.K., and Rest of Europe.
The global "Plastic Container Market" report comprises a valuable bunch of information that enlightens the most imperative sectors of the Plastic Container market.
The data available in the report delivers comprehensive information about the Plastic Container market, which is understandable not only for an expert but also for a layman.
The global Plastic Container market report provides information regarding all the aspects associated with the market, which includes reviews of the final product, and the key factors influencing or hampering the market growth.
Moreover, the global Plastic Container market report, particularly emphasizes on the key market players Amcor Limited, Graham Packaging, Anchor Packaging, Plastipak Packaging, The Plastic Bottles, Alpack, Rahway Steel Dru, Alpha Packaging, Werke Alwin Lehner, International Packaging, Constar that are competing with each other to acquire the majority of share in the market, financial circumstances, actual certainties, and geographical analysis.Click Here To Access The Sample Plastic Container Market ReportFor in-depth analysis and thorough understanding, the report presents a demand for individual segment in each region.
It demonstrates various segments Bottles & Jars, Cups & bowls, Bags & Pouches and sub-segments Food & Beverages, Personal Care, Pharmaceutical, Consumer goods of the global Plastic Container market.
The global Plastic Container market report delivers the precise analytical information that explains the future growth trend to be followed by the global Plastic Container market, based on the past and current situation of the market.In addition, the global Plastic Container market report delivers concise information about the federal regulations and policies that may indirectly affect market growth as well as the financial state.
Plastic containers are packaging material used in all industries for handling content of a sensitive material.
The global plastic container market report by Market Research Future (MRFR) focuses on drivers, challenges, opportunities, and trends for the period of 2016 to 2022 (forecast period).
The COVID-19 outbreak and its effects on the industry are described with countermeasures for ensuring seamless production in a comprehensive manner.Get Free Sample PDF @ https://www.marketresearchfuture.com/sample_request/2019Market ScopeThe global plastic container market is estimated to grow at a stupendous growth rate during the estimated period.
Improved living conditions and rapid urbanization are prime factors driving the market demand.
The low cost of manufacturing and cost-economical nature can lead to its demand as manufacturers aim to curb their production costs for gaining large bottomline margins.Importance of packaging in food and pharmaceutical sectors for enhancing the life of goods and products can drive the market demand during the forecast period.
New technologies such as sustainable packaging for protecting products from oxygen and other environment aspects can drive the demand for plastic containers.
