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Sept. 24, 2020, 7:47 a.m. EDT

Plastic Container Market Share, Globe Key Updates, Demand, Size and Industry Forecast to 2026

Plastic Container Market Size to reach USD 77.45 billion by 2026, reports cover the Plastic Container Market trends, growth drivers by prominent players | 2026 Forecast by Fortune Business Insights

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Sep 24, 2020 (The Expresswire) -- Plastic Container Market will exhibit a CAGR of 5.2% during the forecast period and reachUSD 77.45 billion by 2026, and the market value as per 2018 was USD 51.89 billion.

Fortune Business Insights™in a recently published report, titled, “ Plastic Containers Market Size , Share and Industry Analysis, By Material (PET, PP, HDPE, LDPE, and Others), By Container Type (Bottle and Jars, Pails, Tubs, Cups and Bowls, and Others), By End-Use (Beverages, Food, Pharmaceuticals and Cosmetics, FMCG, and Others), and Regional Forecast, 2019-2026.”

Plastic Container Market Drivers and Restraint:

Reid Canada Inc., announced that it has acquiredPolybottle Group LimitedandHumberline Packaging Inc., a class producer of plastic bottles for the food, beverage, automotive, and industrial and specialty chemical industries fromABC Group, one of the leading component manufacturers. The deal between the companies is likely to boost the plastics containers market trends owing to the future launch of innovative products such as Dura-Lite® with the combination expansion prospects. Furthermore, President and Chief Executive Officer of CCC, Sean R. Fallmann, said in a statement, “we welcome the employees of Polybottle and Humberline into the CCC family. These companies have great leadership teams and a strong reputation of consistently providing quality products and excellent customer service. This acquisition is another step in CCC’s North American growth strategy, in which we combine strategic asset acquisitions with new innovative products to better meet our customers’ needs.” He also added, “Dura-Lite®is designed to use 10 per cent to 25 per cent less plastic than comparable traditional designs, while meeting or exceeding the key performance attributes of those traditional designs. With the addition ofEcoPrime®, a recycled resin safe for food contact, customers will further strengthen their brand’s sustainability story.”

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List of Significant Manufacturers Plastic Container Market are:

  • ALPLA

  • Alpha Packaging

  • Amcor

  • Plastipak Packaging

  • Graham Packaging

  • RPC

  • Berry Plastics

  • Greiner Packaging

  • Alpha Packaging

  • Zijiang

Regional Analysis

North America Dominates the Market; Presence of Several Large Scale Companies Will Aid Growth

The report analyzes the ongoing aircraft actuators market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, North America holds the highest aircraft actuators market share in recent years. The massive investments towards the adoption of modern actuators will bode well for the growth of the regional market. As of 2018, the market in North America was worth USD 8.17 billion and this value is projected to increase further in the coming years. The market in Europe will also witness considerable growth in the coming years, owing to the upgradation of existing actuators for improved reliability.

Competitive Landscape-

Key Players Focus on Signing Contracts to Gain Competitive Edge

The market is highly fragmented and hence, is competitive. They are signing agreements or contracts with other reputed enterprises to offer them unique products. Some of the companies are also striving to gain approvals from the government bodies for their products.

Browse Complete Summary of research Report: https://www.fortunebusinessinsights.com/plastic-containers-market-102372

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