Market Analysis And Research Reports: Plastic Container Market Competitive Analysis and... - 0 views
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emmaj3206 on 23 Jul 19"The global plastic container market size is anticipated to reach USD 112.5 billion by 2025, expanding at a CAGR of 4.0% over the forecast period. Increasing demand for convenient food products such as functional and nutritional drinks is expected to expand the scope for packaging container over the forecast period. Packaging plays a crucial role in adding value to the product. Plastic packaging in the food and beverages industry is increasingly preferred owing to its aesthetic appeal and convenience, which attracts both manufacturer and consumer. This, in turn, is expected to fuel product demand over the forecast period. PET is prominent material used for manufacturing plastic container. Attributes such as non-toxic, safe, and lightweight make it a preferred material for soft drinks, juice, and bottle water. Growing consumption of juice, functional drinks, and bottle water is expected to increase use of PET bottle and container in the food and beverages industry. Use of HDPE in plastic container is expected to witness significant growth over the forecast period."