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