Asia-Pacific Plastic Bottles and Containers Market Size & Share Analysis - Growth Trends and Forecasts (2024 - 2029)

Asia-Pacific Plastic Bottles And Containers Industry Overview

The Asia Pacific Plastic Bottles and Containers market is fragmented with the presence of major players like Gerresheimer AG, Pact Group Holdings Limited, Alpla Group, Berry Global Inc., and Alpha Packaging Pvt. Ltd. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

• October 2023 - Manjushree Technopack entered into a collaboration agreement with the bottle-to-bottle grade recycling division of Ganesha Ecosphere Group to co-develop and supply food and non-food grade packaging products made of recycled plastics. The partnership sets to serve the brands in complying with the new (Plastic Waste Management) PWM rules while supporting the Indian government’s ambitious target of replacing up to 60% of virgin plastic with recycled plastic by FY29. The partnership also aims to help create a circular economy and accelerate the adoption of 100% recycled plastic bottles.
• December 2023 - Pact Group, an Australia-based company, in partnership with Cleanway Waste Management, Asahi Beverages, and Coco-Cola Europacific Partners, opened a PET bottle recycling plant in Melbourne. The Circular Plastics Australia (PET) plant will convert used plastic bottles into high-quality food-grade resin, which will be used to make new recycled PET beverage bottles and other packaging products. The facility is equipped to produce 2.5 tons of rPET resin per hour and 20,000 tons of rPET resin each year.