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The global HDPE bottles market is expected to reach USD 55.8 billion by 2022, at a CAGR of 3.1% from 2022 to 2028. As explained in a new research study presented by Future Market Insights
NEWARK, Del. , April 27, 2022 /PRNewswire/ -- Projected to cross the US$ 55 billion mark in 2022, the global revenue of HDPE bottles landscape is likely to expand gradually year on year, and is expected to reach USD 67.2 Billion by 2028, at a CAGR of 3.1% from 2022 to 2028. As explained in a new research study presented by Future Market Insights, the global HDPE bottles market will demonstrate passive growth over the next few years; however, increasing inclination toward the adoption of HDPE as a raw material over conventional thermoplastics is likely to be witnessed.
High-density polyethene (HDPE), one of the most durable and versatile forms of thermoplastics, is gradually gaining the title of preferred packaging material at a sluggish pace.
While the top sought attributes of HDPE include high strength-to-density ratio, weatherproof nature, chemical resistance, lightweight characteristics, and economical price point, it, more importantly, meets the FDA and USDA standards that are mandatory, especially in case of the use of HDPE bottles in food and beverages sector.
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High Recyclability Accounts for Growing Popularity of HDPE Bottles
Low quantity chemicals as well as drugs used for household or OTC applications are generally packaged in HDPE bottles. A widely preferred container for chemical products, HDPE bottles are highly recyclable. As the recycling process is relatively less complicated and more efficient, packaging manufacturers are gradually inclining towards HDPE as a raw material for packaging a range of products. Being one of the most considerate and least permeable packaging formats, HDPE bottles are likely to find widening applicability in packaging.
Asia Pacific Secures the HDPE Production Hub Title for Manufacturers of HDPE Bottles
The Asia Pacific , especially China , has been contributing significantly to the global HDPE production capacity over the years and according to FMI's study, APAC remains a significant HDPE producer shortly. North America and Europe also stand important in sustaining the HDPE production scenario, whereas the report indicates the promising performance of the Middle Eastern & African region.
Leading Companies Profiled in HDPE Bottles Market are:
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HDPE Bottles Find Growing Applications in Personal & Home Care Products and Cosmetics
HDPE bottles are prominently used in the F&B, automotive, personal care & hygiene, and household care segments. Besides F&B, pharmaceuticals also register a decent rate of adoption of HDPE bottles owing to being reliable in terms of the safety of packaged food and beverage products. The study points to dramatically growing per capita expenditure on personal care and beauty products worldwide, especially in developing economies. Escalating sales of bath and shower products, dermatological products, and essential toiletries are translating into increasing volume sales of HDPE bottles.
Globally, over 100,000 HDPE bottles are expected to be sold by this year's end. Growing consumer spending power is playing a vital role in popularizing the usage of HDPE bottles among packaging companies serving the personal care and cosmetics industry. Moreover, the widening expanse of Ecommerce is encouraging demand for HDPE bottles for a plethora of products across industries.
HDPE Bottles Market by Category
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Is Recycled HDPE the Sustainable Solution to Cost Optimization?
With an emerging alternative of recycled HDPE bottles, manufacturers are striving to reduce dependency on the prices of raw materials. While high raw material cost has been a longstanding factor suppressing the wide adoption of HDPE bottles for packaging, manufacturers are gradually opting for the usage of recycled HDPE material for manufacturing HDPE bottles. Unilever recently launched recycled HDPE bottles of a few recognized Australian brands selling personal and home care products, in ANZ. The brands involved are Dove, Sunsilk, Surf, OMO, and TRESemmé.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, U.S. and India . FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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