In 2017, the market demand for blow molding bottles in Europe was 189 billion, higher than the 176 billion in 2013. Among them, the fastest growing market segments are sweet and savoury spreads and non-carbonated water markets. Blow molding Bottles The market outlook is still very optimistic, and its demand for value-added products and recycling has changed the past and contributed to its further growth.
This is the conclusion of a recent report by the industrial consulting firm Ami Consulting (located in Bristol, UK) on the European blow molding bottle market. Sustainability is becoming increasingly important and has been integrated into the agendas of all key brand owners and their suppliers. Most companies have developed long-term sustainability goals, detailing ways to reduce, reuse and recycle packaging.
Reducing the weight of the package adversely affects the demand for polymers, but at the same time it also promotes the continuous development of performance-enhancing materials and technologies. Ami said: The use of polyethylene terephthalate (PET) and high-density polyethylene (HDPE) recycled material has become increasingly important, it is now necessary to accelerate the process. The European Commission's Circular Economic Action plan and major brand owners pledged to increase the recycled ingredient in their packaging to 25% or more by 2025. This will contribute to sustainable development. The growth in the use of recycled material requires a balance between cost and environment.
In addition, meeting industry objectives will require the development of new supply chains, investment in closed-loop recycling and classification technologies. As cost pressures increase, the supply chain is forced to maximize operational efficiencies and reduce costs. Brand owners reduce the steps required for conversion by increasing control of polymer sourcing, the ability to blow-molding and injection molding to achieve cost transparency. With the decrease in value acquisition, converters are becoming experts. This is because converters can reduce costs by reducing site operations. Some participants focused their development efforts on prefabricated operations.
For example, by focusing on barrier technology in order to increase the value of blow molding bottles. At present, a total of 10 European groups control the production of 28% blow molding bottles. This makes the blow molding bottle market highly dispersed.
Europe's largest producers include Alpla, Logoplaste, Plastipak, RPC and Serioplast. The AMI consulting company predicts that the overall demand for blow molding bottles will reach 203 billion by 2022. The compound annual growth rate from 2017 to 2022 was 1.4%.