The global plastic bottles market is estimated to grow at a CAGR of nearly 4.5% during the forecast period. Some major factors contributing to the market growth include rising demand for plastic packaging and emerging application in the pharmaceutical and cosmetics industry. Plastic resins are used in a range of container and packaging products, including high-density polyethylene (HDPE) bottles for milk and water and polyethylene terephthalate (PET) beverage bottles. In addition, a comprehensive range of other resins is used in other plastic containers, wraps, bags, sacks, and lids. Plastics are found in all major Municipal Solid Waste (MSW) categories. As per the US Environmental Protection Agency (US EPA), in 2017, the packaging and containers category had the most plastic tonnage at more than 14 million tons in the US. This category comprises sacks and wraps, bags, HDPE natural bottles, PET bottles and jars; and other containers.
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