DUBLIN–(BUSINESS WIRE)–The “North
America Plastic Bottles and Containers Market – Growth, Trends, and
Forecasts (2019 – 2024)” report has been added to ResearchAndMarkets.com’s
The North American plastic bottles and containers market is expected to
register a CAGR of over 4.61% during the forecast period 2019 – 2024.
Owing to the rising stringent regulations against plastic recyclability,
the plastic bottle and container manufacturers, coupled with end-users
are expected to use more recyclable materials
The automotive industry has been utilizing steel fuel tanks, since the
past few years. Although there have been issues, such as corrosion of
steel tanks, failure of tanks in cases of collisions, etc., the lack of
a better alternative made them the only available option. However, with
the advancement of technology, steel tanks were replaced by plastic fuel
tanks, which offer several advantages, over their steel counterparts.
The structural disadvantage of a steel tank, compared to plastic fuel
tanks, a susceptible failure in case of seam areas, is another factor
driving the adoption of plastic tanks.
However, regulations have had a negative impact on plastic fuel tanks.
Recent studies indicate that the vapors contribute a significant share
of the hydrocarbons emitted from vehicles. The standard plastic fuel
tank in a regular passenger car incurs a fuel vapor leak of over 90 mg a
day. The stringent regulations aimed at reducing the carbon footprint of
the vehicles control and monitor the vapor emissions from fuel tanks.
For instance, California Air Resources Board has enforced a law stating
that the car should emit vapors of no more than 20 mg a day, to achieve
the status of PZEV (partially zero-emission vehicle. This regulation has
prompted manufacturers to revert to traditional steel fuel tanks, which
reduced the vapor emissions to the required levels.
Plastic is one of the major pollutants resulting in environmental
degradation. According to the Environmental Protection Agency, in 2015,
the plastic found in products in the United States municipal solid waste
stream was recorded mostly in containers and packaging with about 14,680
thousand metric ton, in 2015.Most of the plastics disposed in the
environment stay for a long time and do not mineralize. Most of the
materials disposed of in the ocean break down into smaller components
and end up reaching fragile parts of the ocean. It has been estimated by
United Nations Environmental program that 46,000 pieces of plastic
debris float on every square mile of the ocean surface.
Thus, the marine life is being affected drastically, owing to improper
disposal of plastic. Also, recent research is identifying the harmful
effects of plastic packaging in foods. Thus, the impact of environment
due to plastic usage is high. Also, with the U.S. plastic recycling rate
showing no significant growth, the concerns relating to the use of
plastic are growing. It is estimated that the plastic bottle recycling
rate of United States currently at 31.1% in 2016, which decreased
significantly from past few years. This is expected to have a negative
impact on the market growth in the region over the forecast period.
The Scope of the Report
Plastic bottles and containers are containers made exclusively or
partially of plastic. The entire packaging industry heavily depends on
plastic bottles and containers or containers with some plastic content,
besides paperboard and other materials. There are a wide variety of
innovative, cost-effective, and sustainable packaging solutions emerging
in the market. The non-availability of raw materials has been a
restraining factor for the industry, over the past decade.
Key Market Trends
HDPE is expected to register a Significant Growth
HDPE is used to make various types of bottles, and among those,
un-pigmented bottles are translucent, with good stiffness and barrier
properties. These materials are well suited for packaging products with
a short shelf life, such as milk and other dairy products. HDPE also has
good chemical resistance, which makes it a useful material for packaging
many household and industrial chemicals, such as liquid detergents and
solutions. Pigmented HDPE bottles have improved stress crack resistance
than un-pigmented HDPE material.
One of the major applications of HDPE material is in non-carbonated
drinks, fuel containers for automobiles, and milk packaging.
Blow-molding application of HDPE makes it stronger and more versatile
than PP and LDPE materials.
Beverages is expected to Dominate the Market in North America
By end user, Beverage segment dominates the plastic bottles and
containers market in the region, owing to the growing consumption of
plastic bottles by beverage companies and also due to growing innovation
in the field.
Polyethylene terephthalate (PET) is used for the carbonated drinks
packaging due to its high impact resistant nature and improved moisture
and gas barrier properties. They have a rigid structure with high
strength. Whereas Low-Density Polyethene (LDP) is used for squeeze and
crush types of bottles. HDP bottles are also in significant use. Other
beverages, like fruit juice, RTD tea and coffee, and energy drinks also
rely on PET bottles for their clear advantages and the need to retain
gasses and aroma.
Alcoholic beverages have a huge market in North America, but the plastic
bottles and containers industry is receiving tough competition from
glass and metals in this market, due to the higher quality and inertness
offered, along with the premium look of glass bottles.
The North American plastic bottles and containers market is highly
competitive and consists of several major players. In terms of market
share, few of the major players currently dominate the market. These
major players with the prominent share in the market are focusing on
expanding their customer base across foreign countries. These companies
are leveraging on strategic collaborative initiatives to increase their
market share and increase their profitability.
The companies operating in the market are also acquiring start-ups
working on North American plastic bottles and containers technologies to
strengthen their product capabilities. In February 2018, Berry Global
Group Inc. acquired Clopay Plastic Products Company Inc., a subsidiary
of Griffon Corporation, for USD 475 million in cash, on a debt-free,
cash-free basis. The acquisition of Clopay is directly aligned with
company’s fundamental strategic initiatives.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Gradual Shift From Steel To Plastic Fuel Tanks
4.3.2 Growing Demand From The Packaging Industry
4.4 Market Restraints
4.4.1 Growing Environmental Concerns Over The Use Of Plastic
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Raw Material
5.1.5 Others Raw Materials
5.2 By End-user Vertical
5.2.5 Household Care
5.2.6 Other End User Industries
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alpha Packaging Inc.
6.1.2 Consolidated Container Company LLC
6.1.3 Amcor Limited
6.1.4 Berry Global Group Inc.
6.1.5 Gerresheimer AG
6.1.6 Alpack Plastic Packaging
6.1.7 Comar LLC
6.1.8 Graham Packaging Company LP
6.1.9 Plastipak Holdings Inc..
6.1.10 CKS Packaging Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/z9wzlh
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