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  • Plastic Containers Market Analysis & Forecast | 2022-2027

    Plastic Containers Market Analysis & Forecast | 2022-2027

    Plastic Containers Market Analysis & Forecast | 2022-2027
    Report code - SR2115 Delivery - 2 Weeks
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    Plastic Containers Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Insights

    Plastic containers are created using plastic resins such as polyethylene terephthalate, polypropylene, high-density polyethylene, and low-density polyethylene. One of their key applications is in packaging and they come in a variety of shapes and sizes, such as bottles, jars, bowls, and pails.

    The plastic containers market suffered a decline, following the outbreak of the pandemic. Most of the end-use industries faced supply chain disruption, cash flow constraints, and temporary shutdown in production facilities, reducing the demand for plastic containers in end-use industries.

    Growing demand for rigid packaging from food and beverage manufacturers to increase product shelf-life and aesthetic appeal is expected to drive the plastic containers market recovery and growth. Furthermore, the popularity of plastic-based containers is growing due to their properties such as lightweight, non-permeability to moisture, durability, and protection from sunlight. As a result, the plastic containers market is expected to grow at a healthy CAGR of 5.3% during the forecast period.

    Segment Analysis

    By Container Type

    The market is bifurcated into bottles & jars, pails, tubs, cups & bowls, and others. Bottles & jars are expected to be the largest and fastest-growing segment during the forecast period. The increasing demand for bottles & jars used for packaging in industries such as pharmaceuticals and food and beverage can be attributed to the segment's growth. Furthermore, plastic bottles & jars are cost-effective, leak-free, and lightweight. As a result, they are gaining ground on metal and glass bottles & jars.

    By End-Use Type

    The market is segmented as beverages, food, pharmaceuticals & cosmetics, FMCG, and others. Among these end-use types, the beverages segment is expected to capture the major share of the market during the forecast period. Containers used in the beverage industry in the form of bottles and jars are a key source that ensures safety and a longer shelf life while also protecting against leakage, moisture, and chemicals. The demand for ready-to-drink beverages such as carbonated soft drinks, juices, and milk and dairy drinks is increasing, which is driving the demand for plastic bottles. Therefore, growth in the beverage industry will increase the demand for the product.

    Regional Analysis

    Asia-Pacific is expected to remain the largest region in the market for plastic containers over the forecast period. China and India are expected to be the growth engines for the market in the region. One of the key factors driving the growth is the region's fast-growing beverage industry, which is increasing the demand for plastic bottles for bottled water and carbonated drinks. North America and Europe, on the other hand, are expected to register significant growth during the forecast period owing to the growing pharmaceuticals, FMCG and automotive industries in these regions.

    Segmentation

    The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    By Material Type

    • PET 
    • PP 
    • HDPE 
    • LDPE
    • Others 

    By Container Type

    • Bottles & Jars
    • Pails 
    • Tubs 
    • Cups & Bowls
    • Others

    By End-Use Type

    • Beverages 
    • Food 
    • Pharmaceuticals & Cosmetics 
    • FMCG
    • Others

    By Region

    • North America (USA, Canada, and Mexico)
    • Europe (Germany, France, The UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Brazil, Argentina, and Others)

    Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >130

    Company Profiles

    5

    Key Players

    Most of the companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain competitive advantage. The following are some of the key players in the market:

    • Alpha Packaging Inc.
    • Amcor plc
    • Plastipak Packaging, Inc.
    • Graham Packaging Company
    • RPC Packaging Supply, Inc.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s plastic containers market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Structure: Overview, industry life cycle and supply chain analysis.
    • Environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis.
    • Trend and forecast analysis.
    • Segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Plastic Containers Market Features

    Market Growth (2022-2027)

    5.3% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2027

    Segments Covered

    By Container Type (bottles & jars, pails, tubs, cups & bowls, and others.),

    By End-Use Type (beverages, food, pharmaceuticals & cosmetics, FMCG, and others),

    Region (North America, Europe, Asia-Pacific, and Rest of the World)

    Top Companies in 2022

    • Alpha Packaging Inc.
    • Amcor plc
    • Plastipak Packaging, Inc.
    • Graham Packaging Company
    • RPC Packaging Supply, Inc.

    Dominant Region

    Asia-Pacific is expected to remain the largest region in the market for plastic containers over the forecast period.

    Report Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The plastic containers market is estimated to grow at a healthy CAGR of 5.3% over the next five years. Growing demand for rigid packaging from food and beverage manufacturers to increase product shelf-life and aesthetic appeal and the rising popularity of plastic-based containers in various end-use industries are expected to drive the growth of the market in the coming five years.

    Alpha Packaging Inc., Amcor plc, Plastipak Packaging, Inc., Graham Packaging Company, RPC Packaging Supply, Inc., Berry Global, Inc, Greiner Packaging, Silgan Holdings Incorporated, CKS Packaging, Inc., Fortex-Fortiflex are some of the key players in the market.

    Asia-Pacific is estimated to be dominant in the plastic containers market in the coming years. The rapidly growing beverage industry in the region is expected to drive the regions overall market dynamics.

    Asia-Pacific is estimated to be the fastest-growing region in the coming years. This growth can be attributed to the region's strong economic growth, rapid urbanization, and expansion in the food & beverage and pharmaceutical industries.

    Bottles & jars are likely to maintain their dominance in the market over the next five years, owing to their leak-free and lightweight properties, as well as cost benefits.

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