Electric Vehicle Market To Reach USD 802.75 Billion By 2028 | CAGR: 21.6%

The global electric vehicle market was valued at USD 273.31 billion in 2020 and is projected to reach USD 802.75 billion by 2028, expanding at a CAGR of 21.6% during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing fuel prices and adverse effect of traditional fuel vehicles.

Electric vehicle runs on electricity. These vehicles do not have internal engine, as they function on electric motor that needs constant electric supply from batteries. Different types of batteries are used in electric vehicles such as molten salt, lithium ion, several nickel-based designs, and zinc air. Main motive of launching electric vehicle was to reduce environmental pollution.

Market Trends, Drivers, Restraints, and Opportunities:

Technological advancements have increased the popularity of electric vehicles.
Rising awareness of clean environment has increased the demand for electric vehicles.
Increasing fuel prices and adverse effects of traditional fuel on environment have increases the demand for electric vehicles.
Changing consumer preferences towards hybrid or battery-powered cars is expected to drive the market.
Rising demand for fuel efficient, low emission, and high-performance vehicles are estimated to fuel the market.
Favorable government policies, support for subsidies & grants, and tax rebates is projected to drive the market.
Factors such as low fuel economy & serviceability and high cost of manufacturing are expected to hamper the market growth.
Absence of charging infrastructure is estimated to hamper the market growth.
Rising preference for electric vehicles in government and commercial sector is projected to fuel the market.

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Market Segment Insights:

The commercial vehicle segment is expected to hold a major market share of the total revenue during the forecast period.

Based on vehicle types, the global electric vehicle market is segregated as passenger cars, commercial vehicles, and two wheelers. The commercial vehicles segment is projected to expand at a rapid pace during the forecast period. Growth of the segment is attributed to rising adoption of electric buses in developing countries such as India and China. Various countries are focusing on replacing their existing fuel-based buses with electric buses. Rising trend of replacement of fossil fuel-based vehicles with electric buses are likely to boost the market. Moreover, advancements in the battery of electric vehicles to improve the load capacity of vehicle are expected to drive the segment. The growth of logistics, shared mobility, and e-commerce is expected to propel the market during the forecast period.

The two-wheeler segment is expected to expand at a substantial CAGR during the forecast period. Transportation poses a challenge in several developing countries and many people in these regions opt for two wheelers. Rising petrol prices encouraged consumers to adopt electric vehicles.

The mid-priced vehicle segment is projected to expand at a robust CAGR during the forecast period

The plug-in hybrid electric vehicle segment held a major market share of more than 30% of the total revenue in 2019

The market in Asia Pacific is expected to expand at a robust CAGR during the forecast period

On the basis of regions, the global electric vehicle market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Automotive industries in Asia Pacific such as Japan, South Korea, and China are inclined towards technology, development, and innovation of advanced electric vehicles. Rising demand for decreasing carbon emissions and developing fast and advanced charging stations are estimated to boost the market in the region.

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Competitive Landscape:

Key players in the global electric vehicle market include Tesla, Nissan, BMW, BYD, Volkswagen AG, Toyota Motor Corporation, Daimler AG, BYD Company Motors, Ford Motor Company, Tata Motors, Bajaj Auto Corp, MG Motor India, JBM Auto Limited, Hyundai Motor India, Groupe Renault, Mahindra & Mahindra Limited, and Hero Electric.
These players adopted strategies such as developing new products, expansion strategies, partnerships, collaborations, and mergers & acquisitions to maintain their position in the competitive market.
Developed countries such as Germany, the UK, and the US are encouraging the use of electric vehicles to minimize emissions, which in turn, has increased the sales of electric vehicles.

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Energy Management System Market Worth $117.83 Billion By 2025

The global energy management system market size is expected to reach USD 117.83 billion by 2025, according to a new study conducted by Grand View Research, Inc., expanding at a CAGR of 17.1% during the forecast period. Technologically-updated business expansion initiatives such as smart cities are expected to fuel the energy management system (EMS) market growth. Selecting the right vendor is crucial for implementing and monitoring EMS solutions. Installing individual energy meters in problem areas and creating an interactive communication program among end users are likely to further lead to enhanced monitoring of the transmitted data.

Typically, an EMS includes devices, sensors, and meters that measure and monitor energy consumption and other factors related to them. These devices then transmit data over wireless network to a centrally-located server where an interactive application helps users in analyzing and optimizing information. Numerous EMS vendors provide hardware, software, and consulting support to keep the program running. Moreover, if the energy meters have the ability to operate on an open protocol, such as MODBUS, customers may not be dependent on any particular hardware or software vendor.

With an expected increase in the costs of energy, gas, electricity, and oil, companies have become more conscious about maintaining, utilizing, and conserving energy resources efficiently. The price decrease in primary and secondary renewable energy sources will play an important role in reducing manufacturing costs.

Most enterprises have realized the need to implement EMS solutions to effectively monitor their systems. Transport and industrial sectors witness increased energy consumption, which poses numerous environmental concerns. Thus, the need for an intelligent management system to streamline operations becomes inevitable.

In the recent times, most top players have been making large investments in research & development programs to enhance their products. Improved features such as product maintenance services and analyzing software analytics by expert consultants are a few key factors expected to drive the growth of energy management system industry.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/energy-management-systems-market

Further key findings from the report suggest:

The software segment is anticipated to grow at the highest CAGR of 18.0% from 2019 to 2025 owing to the rising demand for EMS to record and monitor energy utilized across various segments.
The HEMS segment in energy management system market is anticipated to grow at the highest CAGR of 19.4% from 2019 to 2025. This growth can be attributed to increasing adoption of HEMS for curtailing carbon emissions.
The demand response management segment is expected to witness the fastest growth over the forecast period. This growth is attributed to the increasing adoption of demand response management solutions for scheduling, monitoring, and controlling Distributed Energy Resources (DERs).
Increasing demand for EMS in power generation and transmission operations is expected to fuel the power & energy segment growth over the forecast period.
EMS are widely used in commercial buildings as it collects energy usage data and monitors equipment for maintenance needs.
The Asia Pacific region is expected to witness the fastest growth over the forecast period and reach USD 29.13 billion by 2025, owing to high number of effective energy management solutions in countries such as India and China.
Key industry participants include C3 Energy, General Electric Company, Emerson Process Management, Daikin Industries, Daintree Networks, Jones Sang LaSalle, Gridpoint Inc., Schneider Electric, Siemens AG, Honeywell International Inc., Elster Group GmbH, ABB, IBM, Toshiba Corporation, and Johnson’s Control International.

Data Center Cooling Market Worth $20.7 Billion By 2025

The global data center cooling market size is expected to reach USD 20.7 billion by 2025 expanding at a CAGR of 13.5%, according to a study conducted by Grand View Research, Inc. Rising number of data centers, increasing usage of cloud computing, and increased demand for eco-friendly cooling technologies are some of the key factors that are expected to boost the market growth.

Emergence of cloud computing coupled with initiatives by government organizations to promote the adoption of cloud technology and enable prominent vendors to introduce technological advancements is driving the market growth. For example, the government of UAE introduced various projects including Smart Dubai and Smart Abu Dhabi, which were aimed at bringing about digital transformation and economic growth in the country. Such initiatives are expected to drive the market in UAE.

Data center cooling accounts for over 30% of the total energy consumption. In the current scenario, companies are moving toward sustainable cooling, which can save up to 80% or more on energy costs for cooling. For instance, Apple’s North Carolina data center facility operates completely on sustainable, eco-friendly power sources as data center cooling is achieved through the free-air cooling technique, allowing the chillers to be off 75% of the time.

Additionally, there is a rise in pressure from the local and federal government agencies, environmentalists, and the general public for organizations to implement green initiatives. Therefore, high demand for eco-friendly and cost-effective cooling solutions is expected to propel the market growth. However, high installation and maintenance costs, electricity consumption, and carbon emissions are some of the challenges affecting the industry growth.

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https://www.grandviewresearch.com/industry-analysis/data-center-cooling-market

Further key findings from the report suggest:

Telecom segment accounted for over 20.0% of the total market share in 2018 owing to increased penetration of 4G services and development of 5G infrastructure that has data-intensive networks
Furthermore, growing number of telecom subscribers using smartphones and tablets is anticipated to boost the demand for data centers, thereby propelling the market growth
Middle East region is expected to witness substantial growth owing to rising need for enhanced cooling techniques
Several IT companies, including Google Inc., Oracle Corporation, and Alibaba, have announced their plans to build data centers in the Middle East
Europe is also anticipated to witness a significant growth owing to cold weather conditions in Nordic countries
The raised floor with containment segment is expected to register the fastest CAGR 6% from 2019 to 2025
Major companies in the market are Schneider Electric, Rittal GmbH & Co. KG, Hitachi, Ltd., Fujitsu Limited, and Vertiv Co. Most of these industry participants focus on introducing different techniques to enhance their market presence

Radiology Positioning Aids Market Size Worth $359.1 Million By 2026

The global radiology positioning aids market size is expected to reach USD 359.1 million by 2026, according to a new report by Grand View Research, Inc., registering a 5.7% CAGR during the forecast period. Increasing cases of bone fractures, along with growing prevalence of cancer, tumors, and other digestive conditions, is expected to drive the overall market.

North America was identified as the dominant region in 2018 in terms of market share and is expected to grow at a significant pace throughout the forecast period. The increasing momentum observed in this region is largely attributed to growing geriatric population, who are prone to fractures, and increasing product demand in hospitals.

Frequent introduction of innovative positioning aids are expected to impact the market dynamics during the forecast period. Introduction of advanced imaging systems boosts demand for newer types of positioning aids. Increasing number of standalone radiology centers in developing countries is expected to fuel the market.

Growing partnerships among players and suppliers to increase the reach of these products is expected to result in increased penetration and availability of these products. Moreover, courses for radiology and positioning is also expected to drive the radiology positioning aids market during forecast period.

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https://www.grandviewresearch.com/industry-analysis/radiology-positioning-aids-market

Further key findings from the report suggest:

The wedge X-ray segment is predicted to register significant growth over the forecast period owing its advance angled design that helps in providing proper image along with enhanced patient comfort
Head, neck, and brain related devices are anticipated to hold maximum share in the forthcoming years due to growing number of cases associated with these anatomy
Hospitals is anticipated to hold a larger share in radiology positioning aids market owing to growing adoption of different advanced X-ray or radiology devices such as X-ray devices with different material such as polyurethrane
Asia Pacific is anticipated to witness considerable growth over the forecast period due to improving healthcare facilities and adoption of advanced imaging devices for proper diagnosis
Major market players include Bionix Radiation Therapy; CIVCO Radiotherapy; AADCO Medical, Inc.; IZI Medical Products; Varian Medical Systems, Inc.; Elekta AB; VERTEC LTD.; and Klarity Medical Products. These players are focusing on expanding their distribution network by forming associations with suppliers.

Clip Applicator Market Size Worth $8.0 Billion By 2026

The global clip applicator market size is expected to reach USD 8.0 billion by 2026 according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 7.0% during the forecast period. Rise in laparoscopic surgeries and high demand for minimally invasive procedures are projected to propel the growth.

The number of laparoscopic surgeries is increasing annually. As per the data published by June Medical, around 1.5 million laparoscopic surgeries are performed in U.K. every year. Growth in the number of laparoscopic surgeries is attributed to increasing acceptance and popularity among both doctors and patients. This factor is anticipated to augment the demand for clip applicator over the forecast period.

Rising prevalence of gastrointestinal diseases and cancers among other diseases that require endoscopy procedures, is one of the factors boosting the market growth. In addition, prevalence of chronic diseases among baby boomers, awareness regarding novel devices as well as rising preference for minimally invasive surgeries is anticipated to support the market growth. Recent endoscopy techniques have revolutionized the examination and treatment of upper gastrointestinal tract including duodenum, stomach, and esophagus, and the colon.

Growing number of gynecology surgeries is also driving the clip applicator market. As per a study by the Japan Society of Obstetrics and Gynecology, the number of endoscopic surgeries increased from 56, 233 surgeries in 2014 to 80, 678 in 2016 nationwide.

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https://www.grandviewresearch.com/industry-analysis/clip-applicator-market

Further key findings from the report suggest:

Endoscopic appliers segment registered the highest market share in 2018 owing to availability of single and multi-firing clip device required for proper closure of incisions in Peroral Endoscopic Myotomy (POEM)
Laparoscopic appliers segment is anticipated to expand at the fastest CAGR over the forecast period owing to innovations in devices in terms of significant cost savings in laparoscopic procedure
North America accounted for a significant clip applicator market share in 2018, attributed to the increase in geriatric population, number of surgeries, high adoption rate of technologically advanced devices, and high awareness regarding the benefits of minimally invasive surgeries
Asia Pacific is anticipated to expand at the fastest CAGR over the forecast period supported by improving healthcare infrastructure and growing medical tourism due to affordability
Some of the players operating in the market includes B. Braun Melsungen, LUMED, Unimax Medical Systems, Betatech, Geyi Medical, Mediflex, Medscope, CONMED Corporation, Medtronic, J&J Medical Devices, Millennium Surgical Corp, and Teleflex Incorporated

Aloe Vera Extract Market Size Worth $2.67 Billion By 2025

The global aloe vera extract market size is expected to reach USD 2.67 billion by 2025 registering a CAGR of 7.6%, according to a new report by Grand View Research, Inc. Rising importance of herbal extracts owing to their potential benefits in preventing various health disorders is driving the product demand. Moreover, shifting consumer preference for natural and organic products over chemical-based products is expected fuel the demand further.

Juice/liquid product segment held the largest share in the global market in 2018 due to increased consumption of juice for the treatment of obesity and diabetes in countries, such as India and China. Gel segment is witnessing a significant growth due to rising demand for gel-based products, such as soaps, shampoos, and moisturizers. Online distribution channel segment is expected to witness the fastest growth over the forecast period. In Europe, around 50% of cosmetic manufacturers have their own online distribution channel.

Various small-scale organic product manufacturers sell their products through their own websites. These factors are driving the segment growth. Moreover, increasing penetration of smartphones coupled with the digitalization has increased the scope of online channels. In the European market, Germany account for the highest share of this segment. Asia Pacific led the global market accounting for 30.6% of the overall market share. The region is expected to maintain its dominance over the forecast period owing to increasing demand for herbal cosmetics in the region.

China held the major share of Asia Pacific market in 2018 and is likely to expand further at a CAGR of 8.9% from 2019 to 2025. Aloe Vera juice is used for the treatment of diabetes, cancer, and obesity. Increasing prevalence of diabetes in the country is expected provide growth opportunity for the market over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/aloe-vera-extracts-market

Further key findings from the report suggest:

Product demand in North America is anticipated to grow at a CAGR of 8.7% over the forecast period owing to rising consumer preference for natural products over synthetic or chemical-based goods
China led the Asia Pacific aloe Vera extract market on account of higher population and demand for herbal products and is expected to witness the fastest growth over the forecast period
Manufacturers are aiming to achieve optimum business growth by implementing strategies including acquisition, joint venture, capacity expansion, new product development, promotion of crucial product brands, and significant investments in R&D
Some of the major companies in the market are Terry Laboratories, Inc.; Cady products LLC.; Pokonobe Inc.; Lily of the Desert; Aloe Farms, Inc.; Houssy Global; Aloecorp, Inc.; Natural Aloe Costa Rica S.A.; Foodchem International Corporation; and Pharmachem Laboratories, Inc.; Aloe Laboratories, Inc.; and Organic Aloeceuticals

Skin Care Products Market Worth $183.03 Billion By 2025

The global skin care products market size is projected to reach USD 183.03 billion by 2025 expanding at a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Increasing demand for natural, herbal, and organic products that have no adverse effects is expected to boost the market growth over the forecast period. Skin care products include various synthetic and natural products, such as body lotions and face creams. Rising concerns regarding skin problems are also driving the skin care products industry.

beauty, people, cosmetics, skincare and cosmetics concept – young woman applying cream to her face over green natural background with cherry blossom

Rising awareness about natural ingredients providing UV protection is also expected to fuel the market growth. With the rising geriatric population, demand for products with anti-aging properties is expected grow, thereby driving the overall market. Organic skin care product manufacturers focus more on the development of newer formulations targeted at fighting the effects of skin aging. Rising awareness about skin care has led to the inclusion of sun protection, anti-aging, and anti-wrinkle properties in skin care and makeup products.

Although, increased concerns regarding authenticity of products has been encouraging emerging manufacturers to enter the market; intense competition may pose a serious challenge to the market growth. High costs of organic and natural skin care products are also expected to hamper market growth over the next few years. However, increasing demand for organic body lotion products, especially in countries like Canada, India, and Mexico, on account of rising consumer awareness regarding benefits of natural ingredients like turmeric and neem is expected to have a positive impact on the market.

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https://www.grandviewresearch.com/industry-analysis/skin-care-products-market

Further key findings from the study suggest:

Favorable regulatory support in countries like India and Mexico encouraging investments at domestic level is expected to open new avenues for the market in future
Body lotion is anticipated to be the fastest-growing product segment at a CAGR of 5.1% from 2019 to 2025
Face cream segment led the global skin care products market in 2018 and is projected to expand further during the estimated period
The market is characterized by the presence of major companies, such as L’Oréal S.A, Unilever PLC, Beiseidorf AG, and Colgate Palmolive

3D Camera Market Size Worth $16.41 Billion By 2025

The global 3D camera market is expected to reach USD 16.41 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 35.8% during the forecast period. The growth is attributed to increasing product adoption in the entertainment industry coupled with advancements in 3D technology. Rising demand for 3D content in entertainment segment and related equipment is anticipated to further fuel the product demand.

Growing scope of 3D imaging in home automation, virtual reality, robotics and video surveillance, 3D modelling, and 3D scanning is expected to boost the market growth over the forecast period. Growing application of surveillance in home security, military, and industrial sector is driving the demand for 3D camera across the globe. Increasing demand for 3D content in gaming and entertainment industry coupled with increasing penetration of 3D technology-enabled devices such as smartphones, tablets, and TVs is boosting the product demand.

Technology giants such as Google, Microsoft, and Apple are investing millions of dollars to increase the efficiency of hardware to identify the depth and distance of objects. Accurate depth and distance recognition is essential in technologies such as augmented reality, robotics, and automated cars; making 3D camera the most suitable equipment. Despite the wide application across various industries, price higher than traditional 2D and digital cameras is expected to hinder growth of the 3D camera market.

By Technology, the 3D camera market is segmented into stereo vision, time of flight, and structured light. Stereo vision 3D camera held the largest market share in 2018 and is expected to expand at a CAGR of 35.7% over the forecasted period. Easy handling coupled with low price make 3D cameras more popular among consumers. They also exhibit adjustable range making them more suitable for applications such as 3D movies and photos, range images, and stereo views. Time of flight 3D cameras is projected to expand at the fastest CAGR owing to wide product application in smartphones, drones, healthcare, industrial, automotive, and other industries. Resistance to ambient time and use of a single viewpoint to calculate depth makes it robust to occlusions and shadows and preservation of sharp depth edges.

Asia Pacific held the largest market share of approximately 35.0% in 2018 and is expected to exhibit the fastest CAGR of 39.3% over the forecast period. The growth is attributed to several factors such as increasing penetration of smartphones, growth of the entertainment industry, rising disposable income coupled with low ownership of cameras among consumers. In Asia Pacific, smartphone and tablet segment is expected to expand at a CAGR of 40.8% over the forecasted period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/3d-camera-market

Further key findings from the report suggest:

Time of flight 3D camera is expected to register the fastest CAGR over the forecast period, owing to resistance of the technology to ambient time and use of a single viewpoint to calculate depth that makes it robust to occlusions and shadows and preservation of sharp depth edges
Asia Pacific holds the largest market share and is expected to expand at the highest CAGR over the forecast period owing to increasing penetration of smartphones, enhancing entertainment industry, and increasing disposable income
Some of the key players operating in the global 3D camera market include Cannon; Fujifilm; Nikon; GoPro Inc.; Eastman Kodak Co; Panasonic Corporation; and Sony Corporation

GCC Metal Forging Market Worth $1.26 Billion By 2025

The GCC metal forging market size is expected to reach USD 1.26 billion by 2025, registering a CAGR of 2.1% during the forecast period, according to a new report by Grand View Research, Inc. Moderate growth of end-use industries is projected to drive the market growth.

Forged metal components such as valves, wellhead equipment, electric motors, turbines pumps, blowout preventers, and compressors are primarily used in various end-use industries including oil and gas, automotive and transportation, and aerospace and defense. As compared to other end-use industries, oil and gas industry is a principal component of the economy the GCC countries. This can be illustrated from the fact that the share of oil and gas industry to GDP is approximately 50% in most of the GCC countries, except for more diversified economies such as UAE and Bahrain, wherein oil and gas sector represents 32% and 24% of their respective GDP. Therefore, the growth of oil and gas industry in the region is expected to drive the metal forging market growth.

Furthermore, automotive industry, yet another significant application of metal forging, has witnessed considerable upward trends for the past few years. As per the figure below, automobile production in the Middle East increased from 260.4 thousand units in 2014 to 348.9 thousand units in 2018. Turkey, Egypt, Iran, and Morocco are the leading automobile producers while the major consumers include Saudi Arabia, UAE, Egypt, and Turkey.

Lack of continuous technological advancements for manufacturing quality products is one of the challenges for the market. The requirement of skilled professionals for operating advanced machines is another limitation for the GCC forging market. GCC countries rely on exports for forging products due to a smaller number of producers in the market.

The In-Kingdom Total Value Add (IKTVA) program launched in December 2015 in Saudi Arabia represents a lucrative opportunity for the manufacturers of metal forging. The program is designed to encourage domestic manufacturing and, thereby, drive value and supply chain efficiency across all the operations of major oil companies such as Saudi Aramco. This program encourages local production as Saudi Aramco plans to increase its local spending on its raw materials.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/gcc-metal-forging-market

Further key findings from the study suggest:

Open die was the largest process segment in terms of volume, it accounted for volume share of 51.9% in 2018. Requirement of customized forged products is projected to remain key contributing factor for the market
In terms of revenue, turbine application is projected to expand at fastest CAGR of 3.1% from 2019 to 2025. Turbines demand from growing power plant industry is anticipated to create key impact on demand
Saudi Arabia was the largest local market with a volume share of 46.5% in 2018. Increasing demand from oil and gas sector for machinery applications is likely to drive the market growth

Plastic Container Market Worth $112.5 Billion By 2025

The global plastic container market size is anticipated to reach USD 112.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. Increasing demand for convenient food products such as functional and nutritional drinks is expected to expand the scope for packaging container over the forecast period.

Packaging plays a crucial role in adding value to the product. Plastic packaging in the food and beverages industry is increasingly preferred owing to its aesthetic appeal and convenience, which attracts both manufacturer and consumer. This, in turn, is expected to fuel product demand over the forecast period.

PET is prominent material used for manufacturing plastic container. Attributes such as non-toxic, safe, and lightweight make it a preferred material for soft drinks, juice, and bottle water. Growing consumption of juice, functional drinks, and bottle water is expected to increase use of PET bottle and container in the food and beverages industry. Use of HDPE in plastic container is expected to witness significant growth over the forecast period.

HDPE is a preferred material for cosmetics, milk bottle, and jars. HDPE have superior barrier protection properties that protect the product from harmful radiation, moisture, and microbes, thereby extending the shelf life of product. Moreover, this material has superior strength and can be recycled, thereby making it a preferred material for shampoo, industrial lubricants, and paints.

Beverages accounted for more than 50.0% share of the global revenue in 2018. Increasing consumption of soft drinks in emerging countries such as India is expected to increase product demand over the forecast period. The cosmetic segment is expected to expand at the highest CAGR of 4.7% over the forecast period owing increasing demand for cosmetic products in China, South Korea, and India. This, in turn, is expected to expand the scope of plastic container over the next few years.

Asia Pacific dominated the global plastic containermarket and is expected to maintain its lead throughout the forecast period. Hectic working schedule has increased the demand for convenient food and beverages. This trend has resulted in increased demand for nutritional food and beverages, which, in turn, necessitated product launches in the region. Such factors are expected to expand the scope of plastic packaging, as this packaging type helps in extending product’s shelf life.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/plastic-container-market

Further key findings from the report suggest:

By end use, beverages generated a revenue of USD 44.5 billion in 2018. The pharmaceutical sector is expected to reach USD 8.2 billion by 2025
China is one of the largest markets for plastic container. The country accounted for more than 70.0% share of the Asia Pacific market in 2018
The global plastic containermarket is highly fragmented with the top five players accounting for less than 10.0% share of global market
Some of the key players operating in the market are Amcor Limited, Berry Global Inc., Alpha Packaging, Silgan Holdings Inc., CKS Packaging, Inc., CCC Packaging, Polytainers Inc., Airlite Plastics., RPC Group Plc., and Reynolds.