There’s little question about the increasing demand for plastic packaging. According to a report from Mordor Intelligence titled “Plastic Bottles Market – Growth, Trends, Covid-19 Impact and Forecasts (2022-2027),” the global plastic bottles and containers market had a value of $166.78 billion in 2019 and the market research firm expects it to reach a value of $224.97 billion by 2025. Still, as plastic bottles and containers are in high demand, for many brand owners the type of plastic they’re seeking is evolving.
Influencing this evolution has been a growing demand from consumers for sustainable packaging solutions.