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According to relevant reports, the global bottle market will reach a compound annual growth rate of 6.4% in 2027. From a sales perspective, the bottle market is expected to account for $3.555 billion in revenue in 2017. By the end of 2027, sales to tablets and capsules will reach 74,418 units. The food, beverage and pharmaceutical industries will be the main end users of bottles. In addition, chemicals, followed by the food and beverage industry, are expected to reach the highest compound annual growth rate by 2027.
The growing number of plastic materials and anti-counterfeit bottles is an important factor driving the growth of the global bottle market. Depending on the type of material, manufacturers operating on the market rely primarily on plastics to produce bottles rather than glass. In 2017, sales of plastic bottles are expected to reach $2,018.3 million in revenue. The plastic material polyethylene used for packaging bottles will maintain its market value in the market. In terms of value, sales of bottles with a capacity of more than 500 ml are expected to increase by a compound annual growth rate of 6.6% between 2027.
Governments are increasingly encouraging the development of the private medical market, which will also stimulate demand for bottles in the medical sector. In addition, the increased transportation demand worldwide has also greatly increased the demand for bags and containers. These factors will greatly promote the development of the global bottle market in 2027. In contrast, soaring blister packaging is likely to hinder market growth. In addition, increasing commoditization and extensive reforms may increase the price of bottles, which will further inhibit the demand for bottles.
In terms of value, North America will continue to be the main market for packaging bottles and is expected to reach its highest compound annual growth rate by the end of 2027. The pharmaceutical division will be the largest end user of bottle production in North America. Due to their chemical inertness and imperviousness, glass bottles will have a relatively high demand in the pharmaceutical and chemical industries. In terms of value, India and China will have the highest compound annual growth rate in Asia Pacific (APEJ) except Japan. APEJ's bottle market is expected to reach a compound annual growth rate of 6.6% during 2027.
Polyethylene will witness the huge demand for bottle manufacturers in the APEJ region. The HDPE segment in polyethylene will reach a compound annual growth rate of up to 7.1% in 2027. In contrast, the bottle market in the US and Latin America is expected to reach a relatively low level in 2027.