Plastic-Based Water Packaging market research and analysis focus on rising market drifts to assist businesses find market opportunities and develop effective ways to optimise their market positions. Report contains complete coverage, intensive analysis, and actionable market insights to spot opportunities in existing and potential markets. Report also contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Report can be used by both established as well as new entrants to live competitive positions in dynamic market situations. Industry experts project Plastic-Based Water Packaging market to grow at a CAGR of 7.97% during the period 2017-2021.
About Plastic-based Water PackagingBottled water is a reliable source of safe drinking water. It primarily includes spring water, mineral water, and flavored water. The growing health awareness and changing consumer lifestyles are the key factors that are driving the demand for bottled water globally.
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Plastic-Based Water Packaging Market Trend, Challenge and Driver: –
Plastic-Based Water Packaging Market trend: – The increasing consumption of plastic-based bottled water, need for convenience, and demand for a longer shelf life of packaged products are factors that drive the growth of advanced barrier technologies for packaging in the beverage industry. Manufacturers are increasing the shelf life of packaged products by using enhanced barrier materials in their packaging. The most effective way to increase the gas barrier properties of PET water bottles is by increasing the wall thickness of the bottle. This makes the bottle impermeable to different gases. Another efficient method to increase barrier properties is by adding barrier coatings to the walls of the container. A potentially cost-effective method of enhancing gas barrier properties of plastic bottles is by taking advantage of the chemically active nature of the oxygen molecule. The oxygen molecule in combination with a scavenger molecule, which is pre-blended into the PET resin, oxidizes the oxygen within the bottle wall
Plastic-Based Water Packaging Market Challenge: – the contamination of PET containers and bottles is caused by labels used on the surface of the bottles. Pressure-sensitive labels and shrink sleeve labels are the two labels that cause contamination and disrupt the recycling process of PET containers. In 2015, the global pressure-sensitive label market was worth 21.56 billion square meters in volume. In 2015, the shrink sleeve label market was worth 10.28 billion square meters in volume. This indicates that pressure-sensitive and shrink sleeve labels are widely used by packaging manufacturers. Due to contamination, the PET recycling rates have declined by 45%-55%.
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Plastic-Based Water Packaging Market Driver: – The growing consumption of bottled water is resulting in the increased demand for packaging materials. The growth in population, increase in the prevalence of waterborne diseases, and scarcity of tap water create a high demand for bottled water. Bottled water is convenient because boiling water at home is time-consuming and not energy efficient. It has consistent taste and quality, which makes it the preferred choice for travelers. Bottled mineral water is purified and fortified with dissolved minerals, which provides added health benefits to consumers.
Key vendors operating in Plastic-Based Water Packaging market space are Amcor, PET Power, Silgan Holdings, Plastipak, Alpha Group and many more. A detailed analysis is provided considering bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and threat of rivalry. While each vendor’s analysis considers its business segments, organizational developments, geographic focus, segment focus, and key offerings of vendor.
Geographic Segmentation: – Americas, APAC, EMEA
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- Plastic-Based Water Packaging market report provides a comprehensive analysis of the market with the help of up-to-date market opportunities, overview, outlook, challenges, trends, market dynamics, size and growth, competitive analysis, major competitors analysis.
- Report recognizes the key drivers of growth and challenges of the key industry players. Also, evaluates the future impact of the propellants and limits on the market.
- Uncovers potential demands in the market.
- Plastic-Based Water Packaging market report provides in-depth analysis of changing competitive dynamics
- Provides information on the historical and current market size and the future potential of the market.