Plastic Bottle Manufacturing in the US - Industry Market Research Report
- July 2021 •
- 46 pages •
- Report ID: 870238 •
- Format: PDF
Plastic Bottle Manufacturing in the US
The Plastic Bottle Manufacturing industry manufactures a range of bottles from various plastic compounds based on their end use. These are then sold to beverage, food and chemical manufacturers to use as packaging for soft drinks, milk, condiments and household and automotive chemicals. The prevalence of plastic containers and bottles and proliferation to all aspects of end usage; however, has not immunized the Plastic Bottle Manufacturing industry to economic volatility. Industry revenue is expected to remain stagnant in 2019 as a result of declining input prices forcing industry operators to lower selling prices to retain customers. The industry relies on several key downstream industries to purchase its products. For example, soft drink producers account for a significant portion of industry revenue. Despite soda production’s faltering performance during the five-year period, due to changes in consumer tastes and environmental concerns, carbonated beverages were largely replaced by other healthier beverages, many of which are still served in plastic bottles. The industry has also had to contend with offshore production operations. The United States has been a net importer of plastic bottles and containers since 2003. Over the five years to 2019, industry imports are expected to increase. Additionally, mergers and acquisitions among large players have increased, enabling established players to increase their market share in a mature industry. Over the five years to 2024, consumer spending is anticipated to continue to increase and input prices are expected to stabilize.
Operators in this industry manufacture a range of bottles from various plastic compounds based on their end use. These bottles are then sold to beverage, food and chemical manufacturers to use as packaging for soft drinks, milk, condiments and household and automotive chemicals. This industry does not manufacture reusable plastic bottles or other plastic containers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.