USD 106.09 billion
Plastic Containers Market Size, Share, Growth Analysis, By Material(Polyethylene Terephthalate (PET), Polypropylene (PP), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE)), By Container Type(Bottles & Jars, Pails, Tubs, Cups & Bowls), By End-Use(Beverages, Food, Pharmaceuticals & Cosmetics, FMCG), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25I2015 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
96
|Figures:
76
Plastic Containers Market Insights
Plastic Containers Market size was valued at USD 106.09 billion in 2022 and is poised to grow from USD 109.8 billion in 2023 to USD 144.5 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).
Plastic resins such as polypropylene, polyethylene terephthalate, high-density polyethylene, and low-density polyethylene are widely used to make plastic containers. These can be found in a variety of shapes, including bottles, bottle jars, bowls, and pails, and are primarily used for packaging. These bottles are frequently used to package food, beverages, medicines, and cosmetics. Due to their strength, light weight, impermeability to moisture, and protection from sunlight, plastic-based containers are becoming more and more popular for packaging food goods. The market will be positively impacted by the rising demand for rigid packaging from food and beverage producers who want to extend the shelf life of their products and improve their aesthetic appeal to customers. Due to their consumer appeal and ease of manufacture, containers are becoming more and more used by food producers.
Due to its portability and light weight, plastic containers are predicted to experience significant expansion. Plastic packaging is becoming more and more popular among firms, including L'Oréal, Unilever, and PepsiCo, because it has a cheaper production cost. Additionally, it is anticipated that advancements in sophisticated materials, including LLDPE, combined with the growing significance of cost-effectiveness, would broaden the market's reach.
US Plastic Containers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Polyethylene Terephthalate (PET)
Fastest Growth
Polyethylene Terephthalate (PET)
Growth Rate
3.5% CAGR
Global Plastic Containers Market ($ Bn)
Country Share for Asia Pacific Region (%)
To get more reports on the above market click here to Buy The Report
Plastic Containers Market Segmental Analysis
Global Plastic Containers market is segmented based on material, container type, end-use and region. Based on the material type, the market is segmented into Polyethylene Terephthalate (PET), Polypropylene (PP), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), and others. Based on the container type, the market is segmented into bottles & jars, pails, tubs, cups & bowls, and others. Based on the end-use, the market is segmented into beverages, food, pharmaceuticals & cosmetics, FMCG, and others. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Plastic Containers Market Analysis by Material Type
Based on the material type, the market is segmented into Polyethylene Terephthalate (PET), Polypropylene (PP), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), and others. Among these, the PET segment is projected to hold the most substantial share in the market. This is attributed to the multiple properties possessed by PET. PET is a strong, lightweight plastic material. In terms of transparency, this type of polyester is very similar to glass. Due to its barrier qualities against water vapor, gases, oils, alcohols, and diluted acids, it is recommended for packaging food products and beverages.
Further, the HDPE is also preferred material for the manufacturing of containers. HDPE is a strong, rigid, and long-lasting material. This substance has good melt strength and stress or crack resistance. An effective moisture barrier is provided by using this resin in a moderately stiff impact-resistant bottle. The personal care, beverage, food, and chemical sectors all employ containers manufactured of this material heavily. Hence, this drives the growth of the HDPE segment in the market.
Plastic Containers Market Analysis by Container Type
Based on the container type, the market is segmented into bottles & jars, pails, tubs, cups & bowls, and others. Among these, the bottles & jars segment of the market is projected to hold the most substantial share in the market. Due to their use as packaging in the food, beverage, and pharmaceutical industries, bottles and jars are becoming more and more in demand. Plastic bottles and jars are inexpensive, leak-proof, and portable. As a result, they are regarded as the greatest alternatives to metal and glass bottles and jars. As a result, the market will develop as a result of the rising demand for bottles and jars from various industries.
Further, pails segment is also projected to hold a significant market share. High-density polyethylene and polypropylene are the main ingredients in pails. Plastic pails are increasingly in demand because of their exceptional qualities, including their light weight, chemical resistance, water resistance, and leak-free construction. The demand for plastic pails in the paint and chemical industries is anticipated to increase as a result of these characteristics. The segment's growth will be driven by the use of tubs, cups, and bowls for the packaging of food items like cheese, butter, yoghurt, and other single-use goods.
Global Plastic Containers Market By Material Type
To get detailed analysis on other segments, Request For Free Sample Report
Plastic Containers Market Regional Insights
In 2021, Asia-Pacific region is expected to have the biggest share of the market. With more than 30.0% of worldwide revenue, Asia Pacific dominated the plastic container market. Over the next few years, the regional market will mostly be driven by rising consumption of bottled water, soft drinks, and juice. Furthermore, over the course of the projection period, demand for plastic containers increased as a result of the existence of several producers of pharmaceutical and cosmetic products in China, India, and South Korea. Additionally, the expansion of the use of plastic containers is anticipated to occur over the projection period as a consequence of rising automobile manufacturing penetration in South Korea, China, and India as a result of favorable government efforts.
Further, North American region also had a substantial portion of the market. Spending on household cleaners is rising in the area as a result of increased awareness of health and hygiene. In turn, over the course of the projection period, this is anticipated to increase demand for plastic containers. The largest market in North America, the United States, held more than 75.0% of the market there in 2021. The largest portion is linked to expanding food convenience demand as well as rising functional beverage usage. Thus, these abovementioned factors are likely to drive the growth of the market in the forecast period.
Global Plastic Containers Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Plastic Containers Market Dynamics
Plastic Containers Market Driver
Increased Use of Rigid Plastic Containers in the F&B Sector
- Due to their strength and low weight, rigid plastic containers are becoming more and more popular in the food and beverage industries. These characteristics make food safe, extend its shelf life, and shield it from chemicals, light, and moisture. Additionally, because to its lightweight qualities, it is a useful packaging material for storing and transporting food items and beverages. The need for rigid containers in the food and beverage industries will rise as a result of shifting consumer purchasing patterns and changing lifestyles.
Growing Demand for Drug Packaging from the Pharmaceutical Industry
- Glass containers were frequently used in the past in the pharmaceutical sector to package prescriptions and medications. But recently, this business has shifted its preference away from glass items and towards plastic containers since they are more affordable, simple to use, leak-resistant, and lightweight. Polyethylene, polypropylene, polyvinyl chloride, and polystyrene are the materials used for containers that are most frequently preferred in the industry. Additionally, plastic-based containers are corrosion-resistant and chemically inert, protecting the pharmaceuticals and extending their shelf life. As a result, the demand will be stimulated during the projection period by the pharmaceutical industry's quick expansion.
Plastic Containers Market Restraint
Stringent Government Policies that Limit the Use of Plastic
- Plastic breaks down very slowly than it is manufactured each year. Plastic recycling is a time-consuming process that involves selling, shipping, melting, and finally resolving & shipping. In addition, dangerous compounds like bisphenol-A, phthalates, and polystyrene that are included in traditional plastics can produce harmful industrial waste. Due to the influence these variables have on the environment, tight rules are being imposed by various governments and regulatory agencies to reduce the use of plastics, which is expected to limit market growth.
Request Free Customization of this report to help us to meet your business objectives.
Plastic Containers Market Competitive Landscape
The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Plastic Containers Market Top Player’s Company Profiles
- Plastipak Holdings, Inc.
- Amcor Limited
- Berry Global Inc.
- RPC Group PLC
- Silgan Holdings Inc.
- Graham Packaging Company LP
- Alpha Packaging Inc.
- Consolidated Container Company LLC
- Gerresheimer AG
- CKS Packaging Inc.
- Huhtamaki Oyj
- Reynolds Group Holdings Limited
- Sonoco Products Company
- Anchor Packaging Inc.
- Comar LLC
- Nampak Ltd.
- Pactiv LLC
- Printpack Inc.
- Sealed Air Corporation
- Tetra Pak International S.A.
Plastic Containers Market Recent Developments
- In May 2022, in alliance with Vöslauer, Austria's top mineral water company, ALPLA Group, a renowned provider of packaging solutions and recycling, has created an innovative returnable PET bottle. In comparison to its reusable glass substitute, the sustainable bottle is said to lower carbon emissions by roughly 30% and bottle weight by about 90%.
- In February 2022, the purchase of Canyon Plastics Inc., a California-based package moulder, was announced by VPET USA LLC of Fontana, California, a Graham Partners portfolio business. In addition to providing consumer packaged goods including vitamins, nutraceuticals, protein powders, and supplements, Canyon is also a rising producer of specifically tailored products for the aerospace and defence and medical industries.
Plastic Containers Key Market Trends
- Increased Demand from Cosmetics & Personal Care Industry: Plastic is used for cosmetic and personal care product packaging because of its practicality and hygienic attributes. Creams, powders, and other cosmetic goods are commonly packaged and stored in bottles and jars made of polypropylene. Furthermore, the portable and small packaging that these containers offer shields the product from air, light, moisture, dust, and filth. The cosmetics and personal care sector has expanded as a result of rising consumer demand for skin care products. This is anticipated to drive the market share for plastic containers during the anticipated timeframe.
Plastic Containers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Global Plastic Containers market is segmented based on material, container type, end-use and region. Based on the material type, the Polyethylene Terephthalate (PET) segment is projected to hold the most substantial share in the market. Based on the container type, the bottles & jars segment is projected to hold the most substantial market share. Based on the end-use, the food segment is projected to hold the most substantial market share. Based on the region, the Asia-Pacific region is projected to hold the market share.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 106.09 billion |
| Market size value in 2031 | USD 144.5 billion |
| Growth Rate | 3.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Plastic Containers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Plastic Containers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Plastic Containers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Plastic Containers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Plastic Containers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Plastic Containers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
