According to Statista, the value of 5 oz plastic bottles in bulk is projected to increase at a CAGR of 53%. It is also expected to reach about 5 oz billion in 2021.
The data for 5 oz plastic containers shows that it is one of the most popular growth products because of the increase in demand for eco-friendly and sustainable products. According to a report published by Statista, the value of the 5 oz plastic bottle market is projected to increase at a compound annual growth rate (CAGR) of 8.8% from 2022 to 2030. This shows that the 5 oz plastic bottle market is estimated to be about USD 0.05 billion in 2019 and is projected to increase at a compound annual growth rate (CAGR) of 7.2% from 2022 to 2030. A large part of that market value is projected to increase USD 0.05 billion by 2030 at a CAGR of 3. 20 USD 5 oz billion in 2019, is projected to increase at a compound annual growth rate (CAGR) of 3.