Plastic Containers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Plastic Containers Market
The Plastic Containers market size was valued at USD 63.71 billion in 2023, and the market is now projected to grow from USD 66.99 billion in 2024 to USD 100.38 billion by 2032, exhibiting a CAGR of 5.2% during the forecast period of 2023-2030.
The outbreak of the COVID-19 pandemic constrained the manufacturing competencies of the organizations because of a loss of exertion and disruption within the delivery chains. This has ended in low demand for such container products. In the wake of COVID-19, the customer goods industry faced a bad impact because of its number one awareness of private defensive devices.
Rigid packing containers have incredibly rigid shapes and bureaucracy. These houses ensure food's protection and longer shelf lifestyles and guard it from moisture, mild, and chemicals. Moreover, it's miles an efficient packaging fabric for storing and transporting meals merchandise, and drinks because of its light-weight properties. The changing way of life and increasing customer spending on packaged items will increase the inflexible container demand in the food and beverage industries. This outcomes in Plastic Containers market growth.
Packaging of cosmetics & private care merchandise is executed using plastic because of its comfort and hygienic characteristics. Polypropylene is specially used to shape bottles and jars that help within the packaging and storing of creams, powders, and other beauty products.
Comprehensive Analysis of Plastic Containers Market
The Plastic Containers market is rising at an exponential charge due to its marketplace segmentation. This marketplace enlargement successfully gives a detailed local checks considering the dominant supply and demand forces that impact the enterprise. Based on material, the market is segmented into High-density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Low-density Polyethylene (LDPE), polypropylene (PP), and others. In terms of container type, the market is segmented into cups & bowls, bottles & jars, pails, tubs, and others. Based on end-user, the market is classified into pharmaceuticals & cosmetics, food, FMCG, beverages, and others.
Asia- Pacific has the largest Plastic Containers market share. The growth regarding this region is attributed to the growing beverage industry, which in addition increases the call for for plastic bottles to maintain bottled water and carbonated beverages. The bottles used for liquids are normally made from polyethylene terephthalate material.
The top players in the market play a crucial role in the Plastic Containers industry assuring industrial prospectus growth and setting market standards. These players include, Alpha Packaging (U.S.), Amcor (Switzerland), Plastipak Holdings, Inc. (U.S.), Greiner Packaging (Austria), Shanghai Zijiang Enterprise Group Co., Ltd (China), Visy Industries (Australia), Zhuhai Zhongfu Industrial Co., Ltd (China), Polycon Industries, Inc. (U.S.), Berry Global Inc. (U.S.), KW Plastics (U.S.), Silgan Holdings, Inc. (U.S.), CKS Packaging, Inc. (U.S.), Graham Packaging Company (U.S.), Altium Packaging (U.S.), Polytainers, Inc. (Canada), Airlite Plastics Co. (U.S.), Reynolds Consumer Products (U.S.), ALPLA (Austria), and Consolidated Container Company (U.S.).
In January 2024, the ALPLA Group introduced the purchase of the Puerto Rico primarily based packaging expert Fortiflex. The acquisition of Fortiflex is expected to assist employers support its industrial department for a large extent packaging answers and enlarge its product line.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.2% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Material
Polyethylene Terephthalate (PET)
Polypropylene (PP)
High-Density Polyethylene (HDPE)
Low-Density Polyethylene (LDPE)
Others
By Container Type
Bottles & Jars
Pails
Tubs, Cups & Bowls
Others
By End-use
Beverages
Food
Pharmaceuticals & Cosmetics
FMCG
Others
By Region
North America (By Material, By Container Type, By End-use, and By Country)
U.S. (By Material)
Canada (By Material)
Europe (By Material, By Container Type, By End-use, and By Country)
Germany (By Material)
U.K. (By Material)
France (By Material)
Italy (By Material)
Spain (By Material)
Asia Pacific (By Material, By Container Type, By End-use, and By Country)
China (By Material)
India (By Material)
Japan (By Material)
South Korea (By Material)
Southeast Asia (By Material)
Rest of Asia Pacific (By Material)
Latin America (By Material, By Container Type, By End-use, and By Country)
Brazil (By Material)
Mexico (By Material)
Rest of Latin America (By Material)
Middle East & Africa (By Material, By Container Type, By End-use, and By Country)
Saudi Arabia (By Material)
Turkey (By Material)
UAE (By Material)
Rest of Middle East & Africa (By Material)
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