Gangtok Chronicle

Plastic Container Market To Gain Considerable Growth Due To Enhanced Applications into Pharmaceutical, Cosmetic, Food And Beverages Sectors Till 2025 | Million Insights

 Breaking News
  • No posts were found

Plastic Container Market To Gain Considerable Growth Due To Enhanced Applications into Pharmaceutical, Cosmetic, Food And Beverages Sectors Till 2025 | Million Insights

September 30
15:30 2020
Plastic Container Market To Gain Considerable Growth Due To Enhanced Applications into Pharmaceutical, Cosmetic, Food And Beverages Sectors Till 2025 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the plastic containers industry report provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Plastic Container Market is segmented by types, manufacturers, applications and regions.

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. It is estimated to grow with a CAGR of 4.0% from 2019 to 2025. 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.

Packaging plays a vital role in enhancing product value. Consumers and manufacturers are inclined towards plastic packaging as it gives an elegant look and convenience to the product. It further helps in improving the shelf life of the product. This is projected to augment the product demand from 2019 to 2025.

PET is one of the widely used material in packaging. Factors such as lightweight, non-toxic and safety make it suitable for bottled and juices. Growing preference for functional drinks, bottled water and nutritional juices is projected to promote the use of PET packaging in the food industry. Use of HDPE is anticipated to foresee substantial growth in the coming years.

To download the sample PDF of “Plastic Container Market Report” please click here: https://www.millioninsights.com/industry-reports/global-plastic-container-market/request-sample

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. Further, the material is easily recyclable and widely used in paints, shampoo and industrial lubricants.

Beverages occupied for over 50.0% revenue share in 2018. The plastic container market growth is projected to be driven by the growing demand for soft drinks in developing nations such as India, China and others. The cosmetic sector is predicted to ascend with a CAGR of 4.7% from 2019 to 2021. The demand for cosmetics is on the rise in countries including India, China and South Korea, which, in turn, expected to positively affect the market growth.

Asia Pacific led the global market in 2018 and is predicted to hold a dominant position over the forecast duration. The demand for functional drinks and easy to cook food is on the rise due to hectic working hours. This trend is projected to fuel the use of plastic packaging as this type of packaging helps in enhancing the serviceable life of the product.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-plastic-container-market

 

Further key findings from the report suggest:

• Beverages accounted for a revenue of USD 44.5 billion in 2018. Pharmaceutical segment is projected to touch USD 8.2 billion by the end of 2025.

• China is the leading market for plastic containers. The country occupied a share of over 70% in the Asia Pacific regional market in 2018.

• The market is fragmented as the top five companies occupy less than 10.0% share of the market.

• Leading players in this industry include Airlite Plastics; Berry Global Inc.; Polytainers Inc.; CCC Packaging; Silgan Holdings Inc.; Reynolds; CKS Packaging, Inc.; Amcor Limited; RPC Group Plc.; and Alpha Packaging.

Million Insights has segmented the global plastic container market by material, end use, and region:

Plastic Container Material Outlook (Revenue, USD Million, 2015 – 2025)
    • PET
    • PP
    • HDPE
    • LDPE
    • Others

Plastic Container End Use Outlook (Revenue, USD Million, 2015 – 2025)
    • Beverages
    • Food
    • Pharmaceutical
    • Cosmetic
    • Household Care
    • Industrial

Plastic Container Regional Outlook (Revenue, USD Million, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
    • Asia Pacific
        • China
    • Central & South America
        • Brazil
    • Middle East & Africa (MEA)
        • UAE

Explore the Latest Press Releases by Million Insights:

• Hydroponics Market: The global hydroponics market size is projected to reach USD 5.68 billion by 2025 and projected to register 22.52% CAGR over the forecast period from 2019 to 2025. Increasing adoption of smart agriculture technologies like vertical farming is expected to drive the market growth.

• Edge Computing Market: The global edge computing market size is projected to reach USD 43.4 billion by 2027 and registering a CAGR of 37.4% during the forecast period from 2020 to 2027. Numerous applications with 5G technology are changing traffic patterns and opening technology growth opportunities for telecom providers.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-plastic-container-market


Warning: count(): Parameter must be an array or an object that implements Countable in /home/ghaziabadonline/gangtokchronicle.in/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share