Future market analysis report pointed out that the global packaging market in 2027 will reach 6.4% compound annual growth rate. From the point of view of sales, the bottled market is expected to account for $ 3.555 billion in revenue in 2017. By the end of 2027, sales of tablets and capsules will reach 74,418 units. The food and beverage and pharmaceutical industries will be the primary end users of the 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 growth of plastic materials and anti-counterfeit packaging bottles is an important factor driving the growth of the global bottle market. Depending on the type of material, the manufacturer in the market is mainly dependent on the plastic to produce the bottle, not the glass. In 2017, sales of plastic bottles were expected to reach $ 2,188.3 million in revenue. The plastic used for packaging bottles of polyethylene, will maintain its value and quantity in the market dominance. On a value basis, sales of bottles with a capacity of more than 500 ml are expected to rise by an average annual compound growth rate of 6.6% between 2027.
Governments are increasingly encouraging the development of private health markets. This will also stimulate the medical sector's demand for bottles. In addition, the increased transport demand around the world has greatly increased the demand for bags and containers. These factors will greatly contribute to the development of the global bottle market in 2027. In contrast, soaring use of blister packaging is likely to hinder the growth of the market. In addition, increasingly commoditized and extensive reforms may raise the price of the bottles, which will further curb the demand for bottles.
In terms of value, North America will continue to be the main market for bottles, which is expected to reach the highest compound annual growth rate by the end of 2027. The pharmaceutical sector will be the largest end user of North American production bottles. Due to the chemical inertness and impermeability characteristics, 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 annual compound growth rate in Asia Pacific (APEJ) other than Japan. APEJ's packaging market is expected to reach a compound annual growth rate of 6.6% during the year 2027.
Polyethylene will witness the huge demand for packaging manufacturers in the APEJ region. The HDPE segment in the polyethylene material will achieve a compound annual growth rate of up to 7.1% in 2027. In contrast, the bottled market in the United States, Latin America is expected to reach a relatively low level in 2027.