HDPE pellets are made by heating petroleum to a certain desired temperature. High-Density Polyethylene (HDPE) Bottles Market are strongly preferred over traditional plastic bottles because of its properties such as lightweight yet super durable, impact-resistant, long-lasting and weather-resistant, resist any mould or rotting and from the manufacturing point of view it’s reusable and easy to mould, and it emits less of harmful gasses during production.
For the reasons mentioned above HDPE bottles are now used in the packaging of chemicals, detergents, cosmetic, fruit juices, etc. as it doesn’t contaminate any product.
Market: Drivers & Restraints
The market for HDPE bottles is expected to be primarily driven by household and individual demand which is increasing across the globe. A large chunk of the working population travels long distances for work, and they look for easy carry and sturdy bottles for their needs.
HDPE bottles have been able to meet this wide gap, packaging designs, and strategies adopted by various FMCG industries to attract customers with a differentiator factor by packaging items in different designs and types of HDPE bottles.
HDPE bottles can be recycled and of the very fact that recycling saves energy and the environment it is very popular in the U.S. as per a press article alone in the U.S. 1 billion, HDPE bottles were recycled in 2012 only.
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Stringent rules and bans imposed by the government on the use of harmful plastic and the manufacturing of harmful gasses and chemicals emitted during the production of plastic are key factors driving the demand for HDPE bottles.
Hazards of plastic contaminating the products with which it gets direct contact are a few of the possible factors which will drive the HDPE bottles market since HDPE bottles carry none of such threats.
As HDPE granules are made with petroleum, price fluctuation in petroleum can pull the prices of HDPE bottles upwards. Adulteration in the manufacturing of HDPE bottles by mixing with cheap plastic to make profits unethically, recent claims by independent researchers that HDPE bottles emit estrogenic chemicals similar to ordinary plastic which can harm human health can act as a restraint for the growth of the HDPE bottles market.
HDPE bottles Market: Regional Outlook
Based on the geographies, the global HDPE bottles market is segmented into five regions — North America, Latin America, Europe, APAC, and the Middle East & Africa. Among the regions mentioned above, North America accounts for a significant share of the HDPE bottles market, owing to the stringent regulations and norms in using a particular grade of plastic bottles.
HDPE bottles have gained a substantial proportion due to their chemical composition which poses the slightest threat to life and health, U.S. Products such as fruit juices, milk, detergent, cleaners, etc. are now primarily packaged in HDPE bottles which are in the way giving a massive boost to HDPE bottles market.
Europe is followed by North America market for HDPE bottles market following a similar trend as the U.S. However, the Asia-Pacific market for HDPE bottles market is emerging and it is anticipated to grow substantially over the forecast period with booming F&B industries, pharmaceutical industries, increasing households with population rise, etc. in the region.
In the Middle East & Africa, the market for HDPE bottles is in a nascent stage, and it is expected that the market will grow over the forecast period. Latin America has witnessed a decent start for the market of HDPE bottles, due to the demand from various fields.
Regional Analysis includes:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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