F-style bottles primarily include jerry cans which are used for storage, transport or packaging of liquid products. Majority of the F-style bottles are made up of HDPE (High Density Polyethylene) which is a highly preferred chemical resistant material. This has led to a high adoption rate of F-style bottles by the chemical industry. The small mouth and large liquid holding capacity facilitates easy transfer of the product from the F-style bottles. Also, a handle provided in the design of the F-style bottles adds ease in handling the heavy weight of the liquid. These features of the F-style bottles have gained consumer preference over other packaging solutions.
The Shell Company of Thailand Limited has predicted that the lubricant business of the company will expand by 5-10% over the next five years, and consequently the demand for F-style bottles is likely to rise. The global chemical industry is anticipated to register annual average growth rate of around 4% for the next five years. Above 4 trillion USD valued chemical industry have created a large opportunity for the global F-style bottles market.
The F-style bottles market is performing at a significant pace in the chemical industry, while the food and beverage industry is rapidly adopting the F-style bottles for the packaging of processed food products. Leakage proof, odor less and moisture resistant properties of the F-style bottles have won the preference over other consumer packaging solutions. Increasing intolerance towards the conventional plastic materials is expected to have no considerable impact on the plastic F-style bottles market for at least next five years, on the backdrop of reusability of the F-style bottles and recyclability of HDPE and PP.
The fluorinated HDPE F-style bottles are gaining strong traction among consumers owing to its enhanced barrier properties. In 2014, with the launch of DoubleGreen COEX stackable F-style bottles by Grief Inc., the multilayer F-style bottles were introduced in the global F-style bottles market. The manufacturing of DoubleGreen COEX F-style bottles emit approximately 220 tons annually less CO2 and also save around 112 tons of paper.
China was the leading chemical industry in the world with around one third of the global industry revenue share in 2017. Europe has lost significant chemical industry revenue share over the last decade to China industry. This transition have taken place on behalf of the rapidly developing manufacturing industry in Asian countries, specifically India and China. Also, this transition had a positive impact on the Asia Pacific F-style bottles market.
The food and beverage industry of Western Europe and North America are dominantly adopting the F-style bottles, specifically for the packaging of dairy products and juices. The manufacturing industry of Eastern Europe, specifically Poland is expanding at a significant pace, representing a considerable opportunity for the F-style bottles market.