Product (Bottles, Boxes & Bins, Trays, Cups, Lids, Thin Wall Pails, Bowls)
The bottles segment in the plastic containers market is estimated to hold the largest revenue share during the projected period. The growth of this segment can be attributed to people using more plastic bottles. Such as a report published in 2022 states that a total of about 1 million types of plastic are used by humans every minute worldwide. Along with that, the use of plastic bottles is increasing in many industries such as food and beverage, pharmaceutical, and others, for the packaging of liquid beverages and medicines.
Material (Polypropylene, Polystyrene, Polyethylene, High-Density Polyethylene, Low-Density Polyethylene, Polyethylene Terephthalate)
The polyethylene terephthalate segment is expected to hold 29% share of the global plastic containers market in the assessment period, supported by several advantages associated with it such as light weight, durability, and recyclability. In addition, polyethylene terephthalate (PET) has exponential barrier properties against vapors, oils, and many more that make it a very suitable plastic for food and beverage packaging. For instance, PET bottles are used to package about 75% of mineral water, soft drinks, and juices worldwide.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Rajrani Baghel
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