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US plastic container demand to reach 14.2 billion pounds in 2010.

US demand for plastic containers is expected to grow 4.6 percent annually through 2010 to over $24 billion, creating a demand for 14.2 billion pounds of resin. Gains will be supported by plastic's numerous inherent advantages relative to other packaging media, including low cost, light weight, design flexibility, shatter resistance, strength, favorable barrier properties and clarity. However, further advances will be limited by increasing maturity in key markets like soft drinks and household chemicals. Continuing efforts aimed at reducing consumption through lightweighting or downgauging will restrain growth in resin volume. These and other trends are presented in Plastic Containers, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.

Plastic bottles and jars, which accounted for 78 percent of plastic container poundage in 2005, will be the dominant plastic container type through 2010. Although advances will be buoyed by the popularity of smaller-sized beverage bottles, beverage container growth will slow from the 2000-2005 period due to the maturity of the soft drink segment. The food and pharmaceuticals markets will provide above-average opportunities.

Smaller segments of the plastic container industry like cans, squeeze tubes and trays will record faster growth than bottles and jars. Cans will benefit from expanding applications like paint and coffee traditionally dominated by other packaging media, such as metal. Squeeze tube growth will be supported by above-average increases in shipments of cosmetic and toiletry products. Advances in plastic trays will be aided by the increasing prevalence of case-ready meats in many retail channels, particularly Wal-Mart.

By 2010, polyethylene terephthalate (PET) will usurp high density polyethylene (HDPE) as the dominant plastic container resin due to robust growth in the bottled water market and increasing usage in other applications like food and household chemicals. Nevertheless, HDPE will still account for 43 percent of total plastic container volume largely due to its low cost and entrenched position in many key markets, such as milk. Polypropylene will register the fastest growth because of increasing development of clarified grades and improved processing rates, making the resin more competitive with high-volume resins like PET.

Plastic Containers (published 03/2006, 302 pages) is available for $4,300 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail pr@freedoniagroup.com. Information may also be obtained through www.freedoniagroup.com.

A limited license to use or reprint information from this news release is granted to you provided attribution for the same--including, if possible, the price of the report--is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
US PLASTIC CONTAINER DEMAND
(million pounds)

 Annual Growth

Item 2000 2005 2010 05/00 10/05

Plastic Container Demand 10457 12310 14240 3.3 2.9
 High Density Polyethylene 5276 5555 6100 1.0 1.9
 Polyethylene Terephthalate 3887 5190 6230 6.0 3.7
 Other Resins 1294 1565 1870 3.9 3.6
COPYRIGHT 2006 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Cente
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006 Gale, Cengage Learning. All rights reserved.

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Title Annotation:NEWS RELEASE
Publication:Research Studies - Freedonia Group
Date:Jul 6, 2006
Words:509
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