Key Factors Contributing to Growth in the PET Container Markets

Plastic container manufacturers across the globe have in recent years witnessed a never-before demand as a result of the rise in requirements for single-use packaging solutions. As the containers and other packaging solutions made using molds produced and supplied by the leading mold manufacturers in India are lightweight, affordable, easy-to-carry, and non-reactant, they find applications across the spectrum right from bottled water to diverse beverages. 

Since the effects of plastic are also well-documented on the environment, the makers of plastic containers are striving hard to ideate, innovate and create newer things in the field of plastic packaging.  Plastic containers are made using molds made and supplied by the leading mould manufacturers. Plastic bottles, popular across the globe, are generally rigid plastic containers that either have an open medium cap or dispensing mechanism. These bottles are used on a large scale for the packaging of different types of liquids, oils, medicines, and semi-solid materials.   

The raw materials used to make plastic containers include:

• Polyethylene Terephthalate (PET)
• Poly Propylene (PP)
• Low-density Polyethylene (LDPE), and
• High-density Polyethylene (HDPE).

Some of the end-user verticals include

• Beverage
• Food
• Cosmetics
• Pharmaceutical
• Household Care
• Other end-user Verticals.

Key Market Trends

Beverages to drive the market growth

The global markets for plastic containers are expected to register a whopping growth, particularly in the beverages sector due to a never-before demand for both alcoholic and non-alcoholic beverages. In the beverage sector, the demand for packed drinking water is increasing rapidly across the globe due to the consumers’ propensity for pure and high-quality drinking water. People are now well aware of water-driven diseases as an aftermath of consuming contaminated water obtained from regular resources. People also find bottled water easy to carry and convenient to own wherever they go. 

9 in 10 Americans want all stores to sell bottled water

The International Bottled Water Association (IBWA) has recently stated that the American populace prefers bottled water to any other beverages. Such is the case in various other developed as well as developing countries. As per IBWA, Americans consumed around 15.2 billion gallons of bottled water in 2019. Another survey conducted nationally by The Harris Poll for IBWA has revealed that 9 in 10 Americans want all stores to sell bottled water where other beverages are sold. 

The wine industry’s shift from glass to plastic bottles is very enthusing

The alcoholic beverages sector is anticipated to contribute profusely to benefitting the plastic bottle industry like never before. Recently, the wine industry has also shifted to plastic bottles from those made of toughened glass. Plastic bottles are considered to weigh around one-eighth of a typical wine container made of glass and occupy 20% lesser space. Thus, the plastic bottles in the wine industry have capacitated winemakers to save huge on fuel as they now can load around 30% more bottles per truck. What’s more, plastic bottles are also more cost-effective than glass bottles. 

The factor contributing to growth in the plastic container markets

Packaging plays a pivotal role not only in adding value to any particular product but also stabilizes its price. In the past few years, the demand for protective packaging has gone to a new high, particularly from the food and pharmaceutical sectors. Protective packaging has a big role not only in enhancing the shelf life of the products but also impacts the positive growth of the market as consumers find the product well-packed. The packaging of a wide range of products in plastic bottles and containers is preferred for the following reasons:

• Capacity to meet the needs of changing lifestyle and food habits 
• Expanded scope of convenience foods that promote the utility of packaging
• Very flexible and adaptable form of packaging that empowers manufacturers to customize the shape, size, and style of their products as per customers’ requirements
• Plastic containers are lightweight storage options that need lesser space
• Plastic packaging either in bottles or any other form can survive even under extreme environmental conditions without any degradation while preserving the integrity of the food or beverage inside it. 
• Aesthetically pleasing visual appeal that attracts consumers 
• Easy to transport and bring down the carbon footprint. 

With the continuous awareness regarding the impact of plastic on the environment, various innovations are also being devised in the form of biodegradable and aseptic packaging. These new forms of packaging are also expected to bring a whole new positive light to plastic bottle manufacturing. These new methodologies will not only increase the shelf life of the product but also decrease people’s worry about harming the environment. Those who avoid using products packed in plastic bottles will also start using them.

Material Insights

As per the data available, the PET segment dominating the market generated 55.5% of the total revenue globally as the most preferred material for plastic container manufacturing in the year 2018. PET has emerged as one of the most preferred choices to pack a wide range of liquid and semi-solid products. Some of them include bottled water, juices, medicinal syrups, and carbonated soft drinks. PET has benefitted both manufacturers and consumers owing to its ability to be recyclable, non-toxic, lightweight, and strong.

Today, more than 70% of the world’s total mineral water, soft drinks, and juices are packaged in PET bottles. On the other hand, The HDPE is anticipated to expand at a CAGR of 4.2% from 2021 to 2025. Being the most preferred material to pack shampoo, household cleaners, and detergent, the demand for HDPE is expected to grow rapidly with rising urbanization and increasing spending by people on cosmetics and household cleaners.

The Bottom Line

Acme Drinktec is one of the leading mold manufacturers and suppliers in India. With a presence of more than 20 years within the industry, the company has got unmatched experience and expertise to produce customized molds as per the requirements of its global customer base. The product offerings of the company can be explored right here on the website.