Plastic Bottles & Containers Market by Raw Material (HDPE, LDPE, PET), Type (Bottles & Jars, Pails, Tubs, Cups & Bowls), Verticals - Global Forecast 2024-2030

Plastic Bottles & Containers Market by Raw Material (HDPE, LDPE, PET), Type (Bottles & Jars, Pails, Tubs, Cups & Bowls), Verticals - Global Forecast 2024-2030

The Plastic Bottles & Containers Market size was estimated at USD 16.23 billion in 2023 and expected to reach USD 16.90 billion in 2024, at a CAGR 4.33% to reach USD 21.84 billion by 2030.

Plastic bottles & containers are used in various sectors, such as beverages, personal care, pharmaceuticals, household cleaners, and food. These products come in different shapes, sizes, and plastics, including PET, PE, PVC, and others, catering to diverse application needs. A surge in demand for convenient, lightweight, and durable packaging solutions is driving the demand for plastic bottles & containers. The continuous expansion of the e-commerce sector is rising, and the usage of plastic bottles & containers is driving the market growth. Increasing awareness about health and hygiene post-pandemic, accelerating the need for personal care and pharmaceutical packaging, subsequently driving the market growth. Technological advancements that allow for better recycling and upcycling of plastic containers are expanding the scope of the market. Plastic pollution and the environmental footprint of plastic production and disposal of plastic bottles & containers hampers the growth of the market. The growing development of new materials that are biodegradable and have a lower environmental impact is expected to create opportunities for market growth.

Regional Insights

The Americas represents a highly developing landscape for the plastic bottles & containers market with the rising consumption and production of plastic bottles & containers, motivated by sectors such as beverages, personal care, and pharmaceuticals. Customer purchasing behavior is manifesting a preference for eco-friendly packaging, with companies investing in sustainable technologies. South America presents a significant demand for recyclable and eco-friendly plastic solutions, especially in urban centers. Consumers in the region have shown heightened environmental awareness influencing their purchasing decisions. The European Union is at the forefront of environmental legislation, imposing strict standards on the production and disposal of plastic containers. This regulatory environment, combined with high consumer environmental consciousness, has led to a surge in demand for recyclable and reusable plastic solutions. The EU has seen considerable research and investment in circular economy practices, driving innovation in waste reduction and resource efficiency in the packaging industry. The Middle East has shown growth in the plastic bottle market, primarily due to its burgeoning beverage industry and urbanization. Africa presents a diverse and growing market, with demand driven primarily by the beverage and consumer goods sectors. While the continent has vast potential for market expansion, it also faces challenges related to waste management and recycling infrastructure. The Asia Pacific region serves as a significant hub for the manufacturing and consumption of plastic bottles & containers. In China and India, the rapidly growing FMCG and pharma sectors fuel demand for plastic packaging. Despite this, both countries face challenges linked to plastic waste, with policy and consumer sentiment pushing towards sustainable packaging solutions. Japan, on the other hand, is recognized for its technological advancements and sophisticated consumer market.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Plastic Bottles & Containers Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Increasing Adoption of Lightweight Packaging Materials
    • Rising Urbanization and Increasing Spending on FMCG products
    • Rising Product Demand for Plastic Containers for Pharmaceutical use
    • Market Restraints
      • Certain Limitations Associated with Plastics and Increasing Price of Raw Materials
      • Market Opportunities
        • Growing Adoption of Biodegradable and Aseptic Plastic Packaging
        • Increasing Investment in Plastic Bottle Production and its Recycling Activities
        • Market Challenges
          • Stringent Rules & Regulations Toward the Usage of PET Containers
          • Market Segmentation Analysis
            • Type: Growing usage of bottles & jars due to their lightweight, durability, and versatility
            • Verticals: Increasing potential of microwave-safe, BPA-free, and aesthetically pleasing designs plastic bottle & jars across the food sector
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Plastic Bottles & Containers Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Plastic Bottles & Containers Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • GC collaborates with I.P. ONE to launch the Vixol: Transformative Innovation for Sustainable World campaign
              
              I.P. ONE collaborated with ENVICCO, part of the esteemed GC Group, and ALPLA Packaging to launch a ground-breaking campaign, Vixol: Transformative Innovation for Sustainable World. Making a significant stride in Thailand, this eco-centric initiative is set to convert disused colored plastic household materials into fully recyclable bottles. A pilot project showcases this innovation through the introduction of the VIXOL POWER black bottle, designed to foster a closed-loop system that revolutionizes sustainable plastic packaging production.
              
              Sidel Launches new PET Bottle for Dairy Products
              
              Sidel introduced its innovative PET bottle, specifically tailored for liquid dairy merchandise. These diminutive and versatile containers range from 65ml to 150ml, catering to a variety of products such as drinking yogurts and probiotics, making them an excellent choice for ambient and refrigerated distribution systems. Moreover, the adaptability of the bottle extends beyond dairy, finding its purpose within the realms of juice, nectar, soft drinks, isotonic beverages, and tea. Sidel's ultra-light bottle designs are flexible in their usage, apt for both single servings and multiple consumptions, with options of either white or transparent PET that cater to diverse branding preferences. Additionally, they are designed to seamlessly integrate with both roll-fed and sleeve labeling techniques.
              
              Coca-Cola India Launches 100% Recycled PET Bottles
              
              Coca-Cola India has made a significant stride towards environmental sustainability by introducing its flagship brand in eco-friendly bottles. The new packaging, available in 250 ml and 750 ml options, is crafted entirely from food-grade recycled polyethylene terephthalate (rPET), save for the caps and labels. These bottles, produced in partnership with key bottlers su Moon Beverages under the MMG Group umbrella, represent a pioneering initiative to bolster plastic circularity within the country.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Plastic Bottles & Containers Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Plastic Bottles & Containers Market, highlighting leading vendors and their innovative profiles. These include Aaron Packaging, Inc., Airlite Plastics Co., ALPLA Werke Alwin Lehner GmbH & Co. KG, Altium Packaging LP, Amcor PLC, Berry Global Inc., CKS Packaging, Inc., Drug Plastics Group, Esterform Ltd, Frapak Packaging b.v., Gerresheimer AG, Gil Plastic Products Ltd., Graham Packaging Company, L.P., Greiner Packaging International GmbH, Induplast Spa, KHS GmbH, Mpact Limited Group, Nolato AB, Plastipak Holdings, Inc., Polycon International Limited, Pretium Packaging, Resilux NV, Saniton Plastic LLC, Silgan Holdings Inc., Sonoco Products Company, Visy Group, and YuHuan Kang-Jia Enterprise Co., Ltd..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Plastic Bottles & Containers Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Raw Material
              • HDPE
              • LDPE
              • PET
              • PP
              • Type
                • Bottles & Jars
                • Pails
                • Tubs, Cups & Bowls
                • Verticals
                  • Beverage
                  • Cosmetics
                  • FMCG
                  • Food
                  • Pharmaceutical
                  • Region
                    • Americas
                      • Argentina
                      • Brazil
                      • Canada
                      • Mexico
                      • United States
                        • California
                        • Florida
                        • Illinois
                        • New York
                        • Ohio
                        • Pennsylvania
                        • Texas
                        • Asia-Pacific
                          • Australia
                          • China
                          • India
                          • Indonesia
                          • Japan
                          • Malaysia
                          • Philippines
                          • Singapore
                          • South Korea
                          • Taiwan
                          • Thailand
                          • Vietnam
                          • Europe, Middle East & Africa
                            • Denmark
                            • Egypt
                            • Finland
                            • France
                            • Germany
                            • Israel
                            • Italy
                            • Netherlands
                            • Nigeria
                            • Norway
                            • Poland
                            • Qatar
                            • Russia
                            • Saudi Arabia
                            • South Africa
                            • Spain
                            • Sweden
                            • Switzerland
                            • Turkey
                            • United Arab Emirates
                            • United Kingdom
                            
                            
                            Please Note: PDF & Excel + Online Access - 1 Year