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A German research company released a study saying that the global plastic container market consumption is expected to increase to 46.2 million tons by 2021.
The plastic container market is quite complex and is affected by different factors. The research firm cited some of the influencing factors, including low per capita consumption in some beverage markets in the Asia-Pacific region, and income trends, both of which lead to changes in consumption.
The report highlights the rise in unemployment caused by the economic crisis, as well as policy provisions that may also have an impact on certain beverage consumption. Some areas of packaging containers will shift from traditional materials to plastics. However, plastic containers are increasingly facing competition from flexible packaging solutions. The demand for plastic containers varies widely from region to region. One of them is plastic bottled water: organizations in many countries are lobbying to reduce bottled water for environmental protection, while in other countries, consumers are turning to bottled water and other bottled beverages because of the lack of access to sanitation.
The report said that the market for rigid plastic containers is also changing. The company said in its report that PET containers are becoming more and more popular, especially in the field of carbonated soft drinks and bottled water. The PET container is light, recyclable, does not break, and has good transparency.
In addition to PET, the consumption of PP containers is also increasing, especially in the food market.
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