CLEVELAND (Nov. 8, 1:45 p.m. ET) — U.S. demand for plastic containers will grow an average of 4.9 percent annually through 2016, as the market recovers from the 2007-2009 recession, according to a new market study.
Growth will be moderated by a deceleration in bottled water growth and the lack of near areas for large-scale conversions from metal or glass.
Demand for containers will reach $32.4 billion in 2016, consuming 14.2 billion pounds of resin, according to the report, “Plastic Containers,” from Cleveland-based Fredonia Group Inc.
Plastic containers will face competition from pouches and other types of flexible packaging, but these will often augment rather than replace rigid containers, according to the study.
The 386-page report costs $5,100.