Due to considerable advantages over competitive packaging media, plastics have captured a substantial share of the US packaging market during the past several decades. However, competition from glass and metal containers will remain strong in a number of applications where a more upscale or distinctive image is desired.
“Advances in full-body can shaping are enabling aluminum containers to make inroads into plastic applications in uses such as sunscreens, sunless tanners, facial cleansers and depilatories,” said analyst Katie Wieser. However, plastic’s capture of market share from other materials will slow, as many markets have become saturated. Therefore, expansion will arise primarily from shipment and population growth and new product introductions.
Of the primary container types, plastic bottles will continue to hold a large share of total demand with gains tracking the plastic container average. Although other plastic formats, such as squeeze tubes and jars, will gain ground based on demand for packaging that can provide shelf differentiation, plastic bottles will continue to hold the largest share of the total market. Both tubes and other plastic containers will see slightly faster gains, however, due to better prospects for cosmetics and adoption of non-traditional package formats, according to Freedonia.
More info: www.freedoniagroup.com