Polyethylene will still be the preferred plastic material for packaging bottles2017.10.24 14:34
Future market analysis reports that the global bottling market will grow at a compound annual growth rate of 6.4 per cent in 2027. From a sales perspective, the bottling market is expected to account for $35.55 billion in revenue in 2017. By the end of 2027, sales of tablets and capsules will reach 74,418 units. The food and beverage and pharmaceutical industries will be the main end users of packaging bottles. In addition, chemicals, followed by the food and beverage industry, are expected to reach the highest compound annual growth rate by 2027.
The growing growth of plastic materials and anti-counterfeiting bottles is an important factor in the growth of the global bottling market. According to the type of materials, manufacturers who operate on the market are mainly relying on plastic to produce packaging bottles rather than glass. Sales of plastic bottles are expected to reach $2018.3 billion in 2017. Polyethylene, a plastic material used for packaging, will retain its value and quantity in the market. According to value, the sales volume of packaging bottles with more than 500ml capacity is expected to increase by 6.6% annual compound growth rate between 2027.
Governments are increasingly encouraging the development of private healthcare markets. It will also stimulate demand for packaging bottles in the medical sector. In addition, the increased demand for transport worldwide has greatly increased the demand for bags and containers. These factors will greatly promote the development of global packaging bottle market in 2027. By contrast, soaring adoption of bubble wrap is likely to discourage market growth. In addition, increasingly commoditised and wide-ranging reforms may raise the price of packaging bottles, which will further depress demand for packaging bottles.
In terms of value, North America will continue to be the main market for bottling bottles and is expected to reach the highest compound annual growth rate by the end of 2027. The pharmaceutical division will become the largest end user of packaging bottles in North America. As a result of chemical inertness and impermeable characteristics, glass packaging bottles will have relatively high demand in the pharmaceutical and chemical industries. In terms of value, India and China will have the highest annual compound growth rate in the asia-pacific region (APEJ) except Japan. APEJ's bottling market is expected to grow at a compound annual growth rate of 6.6 per cent by 2027.
Polyethylene will witness the huge demand for bottling manufacturers in the APEJ region. The HDPE segment in polyethylene material will reach the annual compound growth rate of 7.1% in 2027. In contrast, the market for packaged bottles in the United States and Latin America is expected to reach a relatively low level by 2027.