The Plastic Bottles Market size is estimated at USD 216.34 billion in 2024, and is expected to reach USD 289.37 billion by 2029, growing at a CAGR of 5.99% during the forecast period (2024-2029).
Plastic packaging is becoming popular among consumers over other products as a plastic package is light in weight and is easier to handle. Similarly, even the major manufacturers prefer to use plastic packaging solutions, owing to their lower cost of production.
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:
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