According to the latest market research study by Technavio, the global blow molded plastic bottles market is expected to grow at a CAGR of close to 4% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global blow molded plastic bottles market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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The top three revenue contributing end-user segments are discussed below
Global blow molded plastic bottles market in beverage industry: The rise in disposable incomes and the consumption of beverages will propel the demand for beverage plastic bottles during the forecast period. Moreover, demographic trends such as urbanization and changing lifestyle drive the demand for lightweight and visually-appealing packaging solutions.
“In the beverage industry, the bottled milk segment generates the maximum demand for high-density polyethylene bottles. HDPE bottles are the most recycled bottles among all the blow molded plastic bottles products used for food and beverages. This recycled HDPE, when mixed with other materials, can be used to make pipes,” says Sharan Raj, a lead analyst at Technavio for research on packaging.
Global blow molded plastic bottles market in household industry: In the household industry, the laundry care segment dominated the global blow molded plastic bottles market in 2016. It is the fastest-growing segment of the household industry. Most of the demand for laundry detergent containers is generated from APAC and North America. The market is growing due to innovative packaging designs, the launch of new products, increasing urbanization, and the increase in the disposable income of people worldwide.
Global blow molded plastic bottles market in personal care industry: The plastic packaging segment accounted for the largest market share in the personal care industry. Increasing demand for innovative packaging designs and colors is crucial for brand differentiation, which drives the global personal hygiene products market. Due to the flexibility and versatility of blow-molded plastic, it is emerging as the most preferred material for the packaging of personal care products.
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The top vendors operating in the global blow molded plastic bottles market are:
- Alpha Packaging
- APEX Plastics
- Plastipak Holdings
- Sidel
- Silgan Holdings
The other prominent vendors in the market include Amcor, Bemis, Berry Plastics, Constantia Flexibles, Coveris, First American Plastic, Graham Packaging, Hassan Plas Packaging, HTI Plastics, Linpac, R&D Molders, Resilux, RPC, Sonoco, and Streamline Plastic.
A more detailed analysis is available in the Technavio report titled, ‘Global Blow Molded Plastic Bottles Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global ESD Packaging Market 2017-2021
- Global Automation Solutions Market in the Bottling Industry 2016-2020
- Global Molded Plastic Packaging Market 2016-2020
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