North America PET Blow Moulder Market to Grow at a CAGR of 4.3% through 2026
Verfasser: pradnya_86 on Friday, 28 April 2017Dynamic changes in the packaging industry and the increasing number of bottled consumer products are expected to drive the PET blow moulder market in the U.S.
The U.S. accounted for a revenue share of a little more than 70% in the North America PET blow moulder market in 2016 and is expected to gain 110 basis points by 2026. The U.S. is likely to witness a rapid Y-o-Y growth rate of close to 4% over the period of assessment. The PET blow moulder market in the U.S. is estimated to be valued at more than US$ 25 Mn in 2017 and is likely to record a CAGR of 4.5% from 2016 to 2026 to reach a little more than US$ 40 Mn by 2026. In terms of value, the U.S market is expected to represent an incremental opportunity of more than US$ 15 Mn and grow 1.6X during the forecast period.
north america pet blow moulder market
Increasing taxation and stringent government policies for the ban of plastic bags is expected to hinder the growth of the PET blow moulder market in the U.S.