Plastic Container Market Growth 2026
The global plastic container market is anticipated to gain momentum from their rising preference over glass and metal containers. Also, plastic containers are easily available in the market. They are lighter in weight and cost-effective, unlike substitute products. Fortune Business Insights™ published this information in a new report, titled, “Plastic Container 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 report further states that the plastic container market size was USD 51.89 billion in 2018 and is projected to reach USD 77.45 billion by 2026, thereby exhibiting a CAGR of 5.2% during the forecast period.
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PET Segment to Lead Backed by Rising Usage in Packaging of Food & Beverages
In terms of materials, the market is divided into low-density polyethylene (LDPE), high-density polyethylene (HDPE), polypropylene (PP), polyethylene terephthalate (PET), and others. Amongst these, the PET segment is expected to lead in the forthcoming years by generating the largest plastic container market share. This growth is attributable to their increasing usage in the packaging of food and beverages as they can prevent the products from dilute acids, alcohols, oils, gases, and water vapor.
Information source: https://www.fortunebusinessinsights.com/plastic-containers-market-102372