The global plastic containers market size is predicted to reach USD 77.45 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. The growing adoption of plastic containers in cosmetics industry to have a positive impact on the plastic containers market revenue during the forecast period. Polypropylene is extensively used for the production of bottles, and jarsin packaging and storage of creams, powders, and other cosmetics products. Additionally, the growing inclination of consumers towards skincare products will bolster healthy growth of the market in the foreseeable future.According to the published report by Fortune Business Insights, titled “Plastic Containers Market Size, Share Industry Analysis, By Material (PET, PP, HDPE, LDPE, and Others), By Container Type (Bottle Jars, Pails, Tubs, Cups Bowls, and Others), By End-Use (Beverages, Food, Pharmaceuticals Cosmetics, FMCG, and Others), and Regional Forecast, 2019-2026”
the global market size stood at USD 51.89 billion in 2018. The plastic containers market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about plastic containers market status, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis.
Acquisition of Polybottle by Reid Canada to Spur Business Opportunities
Reid Canada Inc., announced that it has acquired Polybottle Group Limited and Humberline Packaging Inc., a class producer of plastic bottles for the food, beverage, automotive, and industrial and specialty chemical industries from ABC 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 of Eco Prime®, a recycled resin safe for food contact, customers will further strengthen their brand’s sustainability story.”
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