PET and HDPE drive growth in plastic bottles
- Categories:Industry news
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- Time of issue:2021-06-01 10:29
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(Summary description)The demand for plastic bottles continues to grow: plastic bottles and plastic cans account for about 75% of all plastic containers. The Plastics Industry Association (PLASTICS, Washington, D.C.) released the latest report on the market for top-level outer packaging plastics-"Plastic Bottles Today: Innovation Achieves Consumers", which is expected to include beverages, food, water, household, pharmaceuticals, automotive chemicals, and liquid products And the industry’s demand for plastics will continue to grow.
PET and HDPE drive growth in plastic bottles
(Summary description)The demand for plastic bottles continues to grow: plastic bottles and plastic cans account for about 75% of all plastic containers. The Plastics Industry Association (PLASTICS, Washington, D.C.) released the latest report on the market for top-level outer packaging plastics-"Plastic Bottles Today: Innovation Achieves Consumers", which is expected to include beverages, food, water, household, pharmaceuticals, automotive chemicals, and liquid products And the industry’s demand for plastics will continue to grow.
- Categories:Industry news
- Author:
- Origin:
- Time of issue:2021-06-01 10:29
- Views:
The demand for plastic bottles continues to grow: plastic bottles and plastic cans account for about 75% of all plastic containers. The Plastics Industry Association (PLASTICS, Washington, D.C.) released the latest report on the market for top-level outer packaging plastics-"Plastic Bottles Today: Innovation Achieves Consumers", which is expected to include beverages, food, water, household, pharmaceuticals, automotive chemicals, and liquid products And the industry’s demand for plastics will continue to grow.
According to statistics from beverage marketing companies, the total volume of bottled water sold in the United States last year exceeded that of carbonated beverages, a year-on-year increase of 8.5%. According to BMC's estimates, sales of plastic bottled beverages in 2016 dropped by 41.2% year-on-year. In view of the growing consumer demand for plastic bottles, PLASTICS’ new report timely reflects the trend of the plastic bottling industry.
Mark Garrison, PLASTICS Membership and Business Development Senior Vice President, said: “The bottling division of our industry is expected to grow by 6% in the next three years. Based on this upward trend, we will exhibit at NPE2018, which will showcase PET preforming, blow molding, and molds to the audience. , Labeling, filling, sealing, design and manufacturing."
Other highlights of the report:
PET and HDPE products currently account for about 86% of the plastic container market;
The largest PET bottle packaging market is disposable mineral water bottles, which are increasingly replacing soda water, and annual sales are expected to increase by 6%;
In the past six years, plastic machinery shipments have increased year-on-year;
In 2015, the total shipment of basic equipment was US$1.29 billion, an increase of 4.8% over 2014.
The study investigated the development of plastic bottles and containers throughout the plastics industry and supply chain, as well as brands and other stakeholders. Bottlers are currently using PET to develop lighter packaging, which saves raw materials, energy and transportation costs. The PET bottle design is also more consumer attractive in terms of packaging and sustainability.
The report attributes PET's incredible growth to the number of jobs in the plastics industry, the dollar value of goods and capital expenditures. With the rapid rise of bottled products, manufacturers must pay attention to key bottlenecks, challenges and opportunities.
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