NEWARK, DEL, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The HDPE bottle market size is anticipated to exceed US$ 107,797.8 million in 2023 and is likely to attain a valuation of US$ 147,708.9 million by 2033. The HDPE Bottle Market share is expected to rise at a CAGR of 3.2% from 2023 to 2033.
Edible packaging satisfies a market niche even though it is not a direct replacement for conventional HDPE bottles. Edible packaging options such as edible films or starch-based polymers have been developed due to innovations in food-grade materials. These materials and HDPE bottles offer distinctive customer experiences while minimizing waste.
Edible packaging is aligned with sustainability objectives since it reduces waste and offers a green option to conventional materials. Eating or disposing of the packaging more responsibly can also improve the consumer's engagement with the product.
Some HDPE producers are including biodegradable ingredients in their bottles in response to environmental concerns. While HDPE is not biodegradable, some additions improve HDPE breakdown in particular situations, such as composting or exposure to certain bacteria. This trend is an essential step in addressing the problem of plastic waste in the environment.
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Biodegradable additives in HDPE bottles help to create a more environmentally friendly disposal alternative and correspond with manufacturers' sustainability goals.
Key Takeaways from the HDPE Bottle Market Report
- In 2018, the global market size stood at US$ 92,807.09 million.
- The market grew at a 3.0% CAGR from 2018 to 2022.
- In 2022, the global market size stood at US$ 104,455.2 million.
- In 2023, the 100 ml to 500 ml bottle capacity segment holds 30.2% of the HDPE Bottle Market share.
- In 2023, the chemical industry holds nearly 28.9% of the HDPE Bottle Market share.
- In 2023, China holds 23.8% of the global HDPE Bottle Market share.
- In 2023, France holds 3.3% of the global HDPE Bottle Market share.
- In 2023, Germany gained 5.8% of the global HDPE Bottle Market share.
- In 2023, India holds 6.0% of the global HDPE Bottle Market share.
Note from the Analysts
“A remarkable surge is underway as the HDPE bottle market charts its course, fueled by the magnetic pull of sustainable packaging solutions, an aggressive response to stringent environmental laws, and a relentless drive for innovation." "With the help of bio-based substitutes and recyclable HDPE, industry players are navigating into a different age of green packaging. This path guarantees a bright future and a steadfast dedication to a more sustainable future,” says Ismail Sutaria, Principal consultant at Future Market Insights
Recent Innovations
- In December 2022, Austria-based packaging manufacturer Alpla Group announced the development of a "carbon-optimized prototype solution" for beauty product brand owners. This development is for the shape of a high-density polyethylene (HDPE) container manufactured completely of recycled-content HDPE (rHDPE). According to the firm, their Canupak beauty care (shampoo and liquid soap) packaging exemplifies Alpla's worldwide sustainability approach by allowing clients to lower their emissions volumes or carbon footprint significantly.
- In February 2022, Colgate released their unique recyclable tube in the United States. The corporation used a powerful slogan on the box to spread the word. Colgate-Palmolive's tube, the first to be recognized as recyclable by external recycling bodies, is made of High-Density Polyethylene (HDPE), the No. 2 plastic used for milk and detergent bottles.
| HDPE Bottle Market Size in 2022 | US$ 104,455.2 million | |
| HDPE Bottle Market Size in 2023 | US$ 107,797.8 million | |
| HDPE Bottle Market Size in 2033 | US$ 147,708.9 million | |
| Value CAGR (2023 to 2033) | 3.2 | % |
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The Major Key Payers Are:
- Gerreshemier AG
- Berry Global Group Inc.
- Silgan Plastics Closure Solutions
- Berk Company LLC
- Amcor Ltd.
- CL Smith
- RPC Group Plc
- Graham Packaging
- Nampac Limited
- ALPLA Werke Alwin Lehner GmbH & Co. KG
Key Segmentations:
By Cap Type:
- Screw Closure
- Snap Closures
- Push-pull Closures
- Disc Top Closures
- Spray Closures
- Dispensers
- Dropper
By Bottle Capacity:
- Less Than 30 ml
- 31 ml to 100 ml
- 101 ml to 500 ml
- 500 ml to 1Lt
- Above 1Lt
By Visibility:
- Translucent
- Opaque
By Neck Type:
- Narrow Mouth Bottles
- Wide Mouth Bottles
By End-user:
- Food & Beverages
- Dairy Products
- Juices
- Others
- Chemical
- Agro Chemicals
- Industrial Chemicals
- Lubricants & Petrochemicals
- Specialty Chemicals
- Pharmaceuticals
- Personal Care & Cosmetics
- Homecare & Toiletries
By Barrier Type:
- Low-barrier Bottles
- High-barrier Bottles
- Fluorinated Bottles
- Polyamide (PA) Layer Bottles
- Ethylene Vinyl Alcohol (EVOH) Layer Bottles
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Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over eight years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show - Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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