Market Share of Plastic Bottles Industry
The plastic bottles market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Some of the recent development in the market are:
- February 2020 - Amcor PLC, in the multivitamin category, showcased the development and launch of the PET container that is made from 100% post-consumer recycled content (PCR) resin. The company created the new, clear bottle in two sizes, 100 cubic centimeters and 150 cubic centimeters, for Ritual, a health meets technology company that reimagined the multivitamin.
- October 2019 - Bericap GmbH & Co KG launched its new product tethered caps, where plastic closures must remain attached to the bottle during consumption. This innovative solution offers additional security to the customers and reduces the chemical wastes by complying with the new regulations of the EU.
Plastic Bottle Market Leaders
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Amcor Limited
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Cospack America Corporation
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Bericap GmbH & Co. KG
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Berry Plastics
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Graham Packaging Company
*Disclaimer: Major Players sorted in no particular order
