Forecast: Global bottle, containers market to hit nearly $400 billion

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December 23, 2015 Updated 12/23/2015

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A market research firm expects the global bottles and containers market to hit nearly $ 400 billion during the next five years.

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Research and Markets is out with its forecast for the segment that predicts compound annual growth rate of 6 percent, resulting in a total value of $ 388.35 billion in 2020. The market value was $ 273.15 in 2014, the research company said.

The Dublin-based firm said food and beverages account for approximately half of the global plastic bottle usage.

More information about the report is available at the Research and Markets website.

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