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The Asia Pacific region is witnessing a robust growth due to the extensive use of single-use plastic products in the region, thus increasing the use of plastic bottles. Moreover, the immense popularity of non-alcoholic beverages in countries such as India and China is surging the demand for plastic bottles, which is bolstering the market growth. This trend is rapidly growing due to the escalating population and rapid urbanisation. Moreover, the penetration of various international food and beverages companies in emerging economies such as India, China, Vietnam, and Indonesia, among others, is also positively impacting the market growth of plastic bottles. Apart from this, the thriving pharmaceuticals industry in the region is providing further impetus to the industry growth. As China, India, and Japan are some of the most mature markets for pharmaceuticals, the use of plastic bottles is significantly growing in these regions, hence augmenting the market growth.
Some of the leading companies in the market are Graham Packaging Company (NYSE: GRM) and Alpha Packaging. The latter acquired Boxmore Plastics Limited located in Balleyconnell, County Caval, Ireland, in April 2021. Boxmore is one of the leading manufacturers of high-density polyethylene (HDPE) plastic packaging for the beverage, concentrates, healthcare, industrial, and food markets in Ireland. The acquisition supports the company’s strategy of geographic expansion while strengthening its presence in the European as well as global markets. It also increases the market share and adds important high-density polyethylene (HDPE) manufacturing capabilities in Europe. The acquisition is expected to enhance the consumer services of the company by providing greater options, geographical reach, and flexibility. Such mergers and acquisitions are significantly contributing to the market growth.
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The major players in the global plastic bottles market are Alpha Packaging, CKS Packaging Inc., Bericap GmbH & Co. KG, Plastipak Holdings Inc., and Graham Packaging Company, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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