HDPE (High Density Polyethylene) Bottles Market Share [2031]

Report Description

The Global HDPE (High-density Polyethylene) Bottles Market size was valued at USD 57.20 Billion in 2022 and is expected to surpass USD 81.41 Billion by 2031, expanding at a CAGR of 4% during the forecast period, 2023–2031. The growth of the market is attributed to the strict rules and regulations imposed on the use of plastic.

High-Density Polyethylene (HDPE) granules are used to make bottles known as HDPE bottles. Petroleum is heated to the appropriate temperature to create HDPE pellets. HDPE bottles are hard to rip and don't easily burst, because of their sturdiness. HDPE is a durable material typically used in bleach and detergent bottles and milk jugs. The strength of colored HDPE bottles is typically greater than that of other bottles. The HDPE gives the bottles their opaque color and resistance to corrosion. HDPE is suitable for packaging household cleansers since it has an excellent dampness barrier.

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HDPE bottles tend to return to their original shapes even after being smashed or bent because they have a memory in their cooled and solid condition. These characteristics make them ideal for use as press bottles in a variety of unique fluid cleaners. HDPE jugs can be used as splash holders for household cleaners in alternative to smash bottles. Compared to other plastics, HDPE bottles are extremely recyclable and the recycling process is very effective.

Bottles made from recycled HDPE bottles are more affordable since the cost of raw materials for HDPE bottles is much higher than it is for PET. Recycled HDPE bottles help to lower carbon dioxide emissions and reduce the production's dependence on fossil fuels. In order to make HDPE bottles, crude oil is refined into petroleum and used as both raw material and an energy source.

Covid-19 Impact on HDPE (High-density Polyethylene) Bottles Market

The Covid-19 pandemic affected the demand and supply of global HDPE bottles market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to an unfortunate decline in market growth. The launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

HDPE (High-density Polyethylene) Bottles Market Dynamics

The market research report on the global HDPE (High-density Polyethylene) Bottles Market provides a detailed analysis by focusing on revenue growth, facts, figures, and historical data to determine major drivers, existing restraints, key opportunities, and competitive analysis. The report includes recent developments that can shape the overall performance of the market during the projected period, 2022 to 2030.

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Major Drivers: Increasing demand for eco-friendly bottles

The market for global HDPE bottles is anticipated to grow as consumer demand for environmentally friendly bottles increases. HDPE plastic is readily recyclable and keeps non-biodegradable waste out of landfills which are projected to boost the market.

HDPE is the ideal material for creating bottles since it prevents rotting, fungus, and mildew. Boiling can sanitize HDPE bottles, making them the ideal material for holding food and beverage products. All these factors are estimated to drive the market.

Existing Restraints: The presence of alternatives to hinder the market

Growth of the HDPE market is hampered by the availability of alternate products in the market. The market share of HDPE bottles has been hampered by the availability of polyethylene terephthalate (PET) bottles due to their several properties such as being available in different colors, highly transparent, tough against liquids & gases, and lightweight.

Additionally, PET bottles have the same recycling rate as HDPE bottles and are relatively less expensive than HDPE bottles. These are the key factors hindering market growth. PET bottles are highly resistant to oils, alcohols, and diluted acids. HDPE releases estrogen chemicals similar to ordinary plastic which are harmful to human health, thus impeding the HDPE bottle market growth.

Key Market Opportunities: Sustainable design level innovations offer the HDPE bottles market lucrative opportunities

Manufacturers are anticipated to continue using HDPE due to its recyclable nature. HDPE cannot biodegrade for hundreds of years, hence recycling is essential. The rising demand for HDPE containers in developing economies such as countries in Africa is anticipated to offer immense growth opportunities during the projected period.

Additionally, since HDPE can be produced at a low cost, it is anticipated to be highly preferred in these nations. Strong competition for design-level improvements has been enabled by the increasing need for variety in capacities and shapes. Moreover, rising consumer demand for goods such as HDPE provides lucrative growth opportunities for HDPE injection and blow-molded containers market.

Scope of the HDPE (High-density Polyethylene) Bottles Market Report

The report on the global HDPE (high-density polyethylene) bottles market includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

HDPE (High-density Polyethylene) Bottles Market Segment Insights

High barrier bottles segment is projected to account for a key market

Based on barrier types, the global HDPE bottles market is segregated into low-barrier bottles and high-barrier bottles. The high-barrier bottle segment is further divided into Ethylene Vinyl Alcohol (EVOH) layer bottles, Polyamide (PA) layer bottles, and fluorinated bottles. The high barrier bottles segment is projected to account for a market share of around 70% in the coming years.

The advantages of high barrier HDPE bottles include reduced labor and time requirements, aesthetically pleasing design, and adequate product protection. These factors are expected to make HDPE bottles an effective solution for several applications in industries such as homecare & toiletries, personal care & cosmetics, pharmaceuticals, chemicals, and food & beverages.

The personal care & cosmetics segment estimated to expand at a high CAGR

On the basis of end-users, the HDPE bottles market is fragmented into homecare & toiletries, personal care & cosmetics, pharmaceuticals, specialty chemicals, chemicals, and food & beverages. The chemicals segment is further segregated into lubricants & petrochemicals, industrial chemicals, and agrochemicals. The food & beverages segment is sub-fragmented into juices, dairy products, and others.

The personal care & cosmetics segment is estimated to expand at a high CAGR during the projected period. The use of packing materials that better protect the contents in it help brand owners increase their sales in the market, since HDPE is resistant to solvents like alcohol and surfactants, the container does not corrode or leak. The journey from the manufacturing line to the consumer's cabinet is smooth and less likely to encounter breakage and waste owing to the higher durability of plastic containers produced from HDPE materials than glass.

HDPE is a great polymer packaging option for cosmetics due to the resistance it offers against corrosion from external pollutants and chemicals. Furthermore, HDPE is among the most preferred choice of materials for the packaging of personal care products owing to its reliable barrier properties, long shelf life, and high rigidity. For instance, In the past, toothpaste tubes had a layer of metal sandwiched between two layers of plastic. By 2025, Colgate plans to introduce a toothpaste tube made entirely of recyclable HDPE. It overcomes the rigidity of the material by utilizing various HDPE grades in the design.

The food & beverages segment is estimated to hold a key market share during the projected period. The FDA has deemed HDPE a material that is suitable for use in food. Due to its resistance to moisture, it shields whatever it is covering from potential leaks from nearby items. Dairy containers like the gallon milk jug are mostly made of HDPE. This is due to its inexpensive production and damage resistance, which make it simple for dairy producers to package and protect their goods from store to home.

Glass and other types of plastic that were used to package milk have already been replaced by HDPE bottles. HDPE is often used to make milk bottles due to its good temperature resistance, stiffness, high recycling rates, and water vapor barrier. The demand for HDPE bottles is high in food and beverage industry along with this there is rising demand for HDPE bottles from the medical sector. For instance, in 2020, Anchor, a milk brand from Fonterra, introduced a new bio-HDPE, recyclable 2 L bottle made from sugarcane in New Zealand.

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North America to dominate the market

In terms of regions, the HDPE bottles market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America to dominate the market during the projected period due to the strict standards and regulations for utilizing a specific grade of plastic bottle. HDPE bottles have become increasingly popular due to the chemical composition of HDPE bottles, which pose only minimal risk to life and health. Products including cleaners, detergent, milk, and fruit juices are now largely packaged in HDPE bottles in the United States, which is significantly boosting the HDPE bottle market.

The HDPE bottles market in Europe is anticipated to hold a key market share in the coming years owing to issues regarding the usage of recyclable alternatives in place of non-biodegradable plastics. Additionally, the countries in the region have prohibited the use of certain plastics, which is forcing local companies and manufacturers to switch to sustainable alternatives for packaging.

The global high density polyethylene bottles market in Asia Pacific is projected to expand at a rapid pace during the forecast period. China is one of the most prominent countries in the HDPE market in the region. The growth of the market in the region is attributed to growing industrialization and exports to other advanced economies.

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