Plastic Containers Market is segmented by Material Type (PET, PP, HDPE, LDPE, and Others), by Container Type (Bottles & Jars, Pails, Tubs, Cups & Bowls, and Others), by End-Use Type (Beverages, Food, Pharmaceuticals & Cosmetics, FMCG, and Others), and by Region (North America [The 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], and Rest of the World [Brazil, Argentina, and Others]).
Plastic Containers Market is segmented by Material Type...
The Plastic Containers Market was estimated to grow from US$ 81.02 Billion in 2022 to reach US$ 107.74 Billion by 2028 at a CAGR of 4.86% during the forecast period.
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 serving as versatile solutions for storing, transporting, and organizing a wide range of items, from food and liquids to household goods and industrial products due to their lightweight, durable, and waterproof properties. Plastic containers offer advantages such as durability, lightweight construction, and resistance to moisture and chemicals. They are commonly used for packaging, transportation, and organization purposes due to their cost-effectiveness and ease of customization. However, their environmental impact has raised concerns, as plastic containers contribute to pollution and take a long time to decompose, leading to a growing emphasis on recycling and sustainable alternatives.
Market Dynamics
The factors which are expected to boost the demand for the market in the coming years are:
Growing demand for rigid packaging from food and beverage manufacturers to increase product shelf-life and aesthetic appeal.
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.
Plastic Containers Market Report Overview
Market Size in 2028
US$ 107.74 Billion
Market Size in 2022
US$ 81.02 Billion
Market Growth (2023-2028)
4.86% CAGR
Base Year of Study
2022
Trend Period
2017-2021
Forecast Period
2023-2028
Covid-19 Impact
The market suffered a decline, following the outbreak of the pandemic. Most end-use industries faced supply chain disruption, cash flow constraints, and temporary shutdowns in production facilities, reducing the demand for plastic containers in end-use industries.
Segments Analysis
This report studies the market covering a period of 12 years of trend and forecast. 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.
The market is segmented into the following categories-
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
Europe
Asia-Pacific
Rest of the World
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 assessment 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 beverage segment holds more than 48% market share in 2022 and is expected to maintain its dominance over the assessment 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 was the largest region with more than 30% market share in 2022 and will maintain its dominance 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 assessment period owing to the growing pharmaceuticals, FMCG, and automotive industries in these regions.
Want to know which region offers the best growth opportunities?Register Here
Key Players
Most companies are deploying various strategies regarding product development and differentiation, pricing, branding, technology, and customized products to gain a competitive advantage. The following are some of the key players in the plastic containers market:
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.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Plastic Containers Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Research Methodology
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.
Target Audience
The target audience of the plastic containers market includes-
Vendors
Manufacturers
Distributors
Organizations
Government Bodies.
Critical Questions Answered in the Report
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global market. The historic years considered for the study are 2017-2028, the base year is 2022, the estimated year is 2023, and the Assessment period is 2023-2028. The following are the critical questions answered in the report.
What are the key trends in the global market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
What is the impact of COVID-19 on the global market?
What are the key strategies adopted by the major vendors to lead in the global market?
What is the market share of the top vendors?
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
LOADING
LOADING
×
Please enter your contact details. It will allow our analysts to reach out to you.
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.
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.
Alpha Packaging Inc., Amcor plc, Plastipak Packaging, Inc., Graham Packaging Company, and RPC Packaging Supply, Inc., are the key players in the market.
