The global High Density Polyethylene (HDPE) Bottles Market is anticipated to grow at a CAGR of around 3.5% during the forecasting period 2019 to 2026 and to reach around US$ 9 Bn by 2026.
HDPE bottles are consisting with polyethylene (HDPE) granules of high-density. At certain desired temperature, HDPE pellets are made of petroleum heating. Because of its lightweight but extremely resilient characteristics, impact toughness, long lasting & weather proof, tolerance of every type or rotting and is reusable and easy to mold from the manufacturing point of view, and it emits less harmful gasses during processing, HDPE bottles are much preferable compared to traditional plastic bottles. As HDPE bottles do not contaminate any drug, the factors listed above indicate that the products are now used in the packaging of cosmetics, cleaners, detergents, fruit juices etc.
The report provides analysis of global HDPE bottles market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
The HDPE bottle market is expected to be driven primarily by the demand from households and individuals worldwide. The HDPE bottle market is expected to be driven primarily by the demand of households and individuals worldwide. A good number of working people go for work for attend work for at least 9 hours a day long time and they search for easy-to-carry bottles that meet their needs. In order to attract consumers with an element of difference by packaging products in the different designs and forms, HDPE bottles have been capable of addressing this widespread discrepancy, packaging designs which creates huge demand for such bottles in turn drives the HDPE bottles market.
Asia Pacific held Major Share in Global Market
Asia Pacific held principle market share in the global HDPE market in 2018. China is expected to be the most significant country in the Asia Pacific HDPE bottle market due to its high intake and rapid growth in HDPE bottle production. The key reasons for raising the HDPE bottles market are exports to other advanced economies due to Chinese government spending, growing industrialization, and exports to other advanced economies. In most cases, the market is divided and represented by different local and small-scale producers. Chinese customers prefer home care items in HDPE bottles of 500 ml to 1 liter and over 1 liter. China is the leading producer in terms of prescription volume which provides a large market for HDPE bottles. China has the highest production volume. North America accounts for a considerable market share of the HDPE bottle market due to stringent regulations and standards for using a particular class of plastic bottles. HDPEs have become important because of their considerable chemical composition, which presents a small health and life hazard, and are now mostly wrapped in HDPEs that give massive boost to the bottle's business. Following a similar pattern to the US, Europe follows North America's HDPE bottle market. Asia Pacific bottle markets for HDPE bottles are however emerging, and the region's expanding F&B sector, pharmaceutical and growing households with increasing population growth are expected to grow significantly over the forecast year.
The market research study on “HDPE Bottles Market (HDPE Bottles Market By Sales Channel: B2C, B2B; HDPE Bottles Market By End Use: Pharmaceutical Industries, Cosmetic Industries, Domestic Use, Chemical Industries) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed insights on the global HDPE bottles market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global HDPE bottles market, its sales channel, end use, and major geographic regions. The report covers global HDPE bottles market size, and segment markets by sales channel, end use, and geography along with the information on companies operating in the market. The HDPE bottles market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global HDPE bottles market is segmented as below:
HDPE Bottles Market By Sales Channel
HDPE Bottles Market By End Use
HDPE Bottles Market By Geography
Middle East & Africa
Key Players and Market Situation
Participants include major global players such as Vivek Polymer India, Graham Blowpack Pvt.ltd., Maynard & Harris Plastics, Parker Plastics, CL Smith, and Others.
The market value of HDPE bottles is anticipated to be around US$ 9 Bn in 2026.
It is anticipated to grow over 3.5% CAGR amid the forecast period.
Asia Pacific held maximum share in 2018 led by the China.
Asia Pacific is projected to grow at a fast pace during forecast period.
Effective packaging of household products such as milk, Fruit juices etc.
Increased packaging prices are likely to hinder market growth.
Key players of global HDPE bottles market such as Vivek Polymer India, Graham Blowpack Pvt.ltd., Maynard & Harris Plastics, Parker Plastics, CL Smith, and Others.