Asia Pacific Plastic Bottles/Containers Market – By Regions and Vendors - Market Trends and Forecasts (2015 - 2020)
Plastic Containers are manufactured by various blow molding processes such as Extrusion blow molding, Injection blow molding, Stretch blow molding. These bottles/containers use various resins like PET, PP, HDPE, LDPE, and others as raw materials.
The APAC production of plastic containers in 2015 was XX.X MMT and is estimated to reach XX.X MMT by 2020, at a CAGR of X.XX%, while in terms of revenue, the market was worth $XX.X billion in 2015 and is projected to reach $XX.X billion in 2020, at a compound annual growth rate of X.XX%.
In emerging regions Pharmaceutical industry had a share of 22% and FMCG sector had 30% share during the same period. End use industries like health care and bottled water are increasing the usage of plastics, and thus, with its growing market, the plastic container market is expected to increase. Food and Beverages industry constitute around 50-55% of the total plastic bottles usage.
Factors like low carbon footprint, demographics are driving the PET bottles industry. For instance, Cosmetics industry which mainly uses glass as a packaging material earlier is slowly being substituted by PET bottles. But, on the other hand, paper packaging products like tetra packs are being substituted with plastic
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