The Plastic Container Market size is projected to reach US$ 154.33 billion by 2031 from US$ 109.80 billion in 2023. The market is expected to register a CAGR of 4.0% in 2023–2031. The growing demand from end-use industries, including food, beverage, and cosmetics industries, is likely to remain a key plastic container market trends.
Plastic Container Market Analysis
Plastic containers are multipurpose and are available in various sizes, shapes, and designs. They are widely used in various applications, including food storage, transportation, organizing household items, and packaging industrial goods. Plastic container's flexibility makes them a popular choice for diverse needs, driving demand across multiple sectors. Additionally, plastic containers have effective airtight and moisture-resistance, making them an ideal choice for fresh food packaging to preserve food freshness. In addition to these qualities, their easy sealing mechanisms are vital for upholding, preventing spoilage, and maintaining hygiene. In addition, plastic containers offer a cost-effective alternative to other packaging materials such as metal packaging, which extends to consumers. The lightweight nature of the plastic containers helps in reducing shipping costs, making them an ideal choice for end users. Thus, they often prefer plastic containers for packaging goods and products, bolstering the demand for plastic food storage containers in households and the food industry.
Plastic Container Market Overview
Manufacturers of personal care & cosmetics products often require unique and aesthetically pleasing packaging materials to attract consumers. Plastic containers can be molded into various shapes, sizes, and designs, which helps manufacturers to produce aesthetic and distinctive packaging. The availability of plastic packaging in different shapes and sizes is vital in the personal care & cosmetics industry, where product presentation and branding are important.
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Plastic Container Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Plastic Container Market: Strategic Insights
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Plastic Container Market Drivers and Opportunities
Surging Demand from Beverage Industry Bolsters Plastic Container Market Growth
Plastic containers provide a lightweight and durable packaging solution, which makes them ideal for transporting beverages, which helps to reduce shipping costs and minimize the risk of breakage during transit. This ensures the product's integrity till delivery. Moreover, plastic containers are encouraging innovative packaging designs. Manufacturers of plastic containers use different shapes, colors, and labeling to improve the visual appeal of the products. Standing out on store shelves and attracting customers is important in a highly competitive beverage industrial landscape. Additionally, plastic containers are often made of recyclable materials, with various end users promoting sustainability by applying recycled plastics for product packaging. Growing awareness about the negative impact of microplastics on the environment and human health encourages beverage manufacturers to adopt eco-friendly packaging solutions.
Proliferation of E-Commerce Industry
Efficiency and security of packaging material are crucial for e-commerce businesses. Consumers rely on online platforms to purchase various products, and manufacturers and retailers require adequate packaging for storing, protecting, and delivering these products. The convenience of online shopping bolsters the growth of e-commerce, a significant driver of the rising demand for plastic containers. With their versatility and durability plastic containers have become a popular packaging material to ensure the safe transportation of products. The lightweight and availability of plastic containers in different sizes and shapes help to optimize shipping and storage space. This helps businesses to reduce the costs of shipping and helps to utilize space effectively.
Plastic Container Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Plastic Container Market analysis are material, container type, and end-use.
- Based on material, the market is segmented into polyethylene terephthalate, polypropylene, high-density polyethylene, low-density polyethylene, and others. The polyethylene terephthalate segment held a larger market share in 2023.
- In terms of container type, the plastic container market is bifurcated into bottles & jars, pails, tubs, cups & bowls, and others. The bottles & jars segment held a larger market share in 2023.
- On the basis of end-use, the market is bifurcated into beverages, food, pharmaceuticals, personal care & cosmetics, and others. The beverages segment held a larger market share in 2023.
Plastic Container Market Share Analysis by Geography
The geographic scope of the Plastic Container Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The Asia Pacific's rapidly growing population and urbanization have led to increased packaged food & beverage consumption. As a result, there is a greater need for packaging materials, with plastic containers being a popular choice due to their convenience and affordability. In addition, economic growth in many Asia Pacific countries has boosted disposable incomes, leading to changes in consumer preferences. Consumers are now more inclined to purchase convenience foods and beverages. The convenience factor, such as resealable lids and lightweight packaging, drives the plastic container market. Furthermore, the Asia Pacific region is witnessing a surge in the e-commerce industry, which relies heavily on efficient packaging solutions. Plastic containers, such as PET bottles for beverages and various food containers, are well-suited for online retail because they are durable, lightweight, and reduce the risk of product damage during shipping.
Plastic Container Market Report Scope
Plastic Container Market News and Recent Developments
The plastic container market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for plastic containers and strategies:
- Berry Global's technical and manufacturing skills have achieved a significant breakthrough in the packaging of hazardous liquids. The company has now launched the first 20 and 25 litre containers containing 35% recycled material, which have UN Approval for the transport of hazardous goods for five of the six model liquids in the UN assessment. In addition to the existing UN approval for water, the new containers also have approval for wetting solution, acetic acid, white spirit, and N-butyl acetate. The introduction of these new containers into the company's popular Optimum range will support companies both in meeting their sustainability goals and satisfying consumer demands for more sustainable packaging solutions. It will also help businesses comply with forthcoming legislation covering the required minimum amount of recycled material in a pack. (Source: Berry Global Inc, Press Release, 2023)
Plastic Container Market Report Coverage and Deliverables
The "Plastic Container Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Plastic Container Market - By Material
1.3.2Plastic Container Market - By End User
1.3.3Plastic Container Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.PLASTIC CONTAINER MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.PLASTIC CONTAINER MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.PLASTIC CONTAINER MARKET - GLOBAL MARKET ANALYSIS
6.1.PLASTIC CONTAINER - GLOBAL MARKET OVERVIEW
6.2.PLASTIC CONTAINER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.PLASTIC CONTAINER MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1.OVERVIEW
7.2.MATERIAL MARKET FORECASTS AND ANALYSIS
7.3.PET
7.3.1.Overview
7.3.2.PET Market Forecast and Analysis
7.4.PP
7.4.1.Overview
7.4.2.PP Market Forecast and Analysis
7.5.HDPE
7.5.1.Overview
7.5.2.HDPE Market Forecast and Analysis
7.6.LDPE
7.6.1.Overview
7.6.2.LDPE Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.PLASTIC CONTAINER MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1.OVERVIEW
8.2.END USER MARKET FORECASTS AND ANALYSIS
8.3.BEVERAGES
8.3.1.Overview
8.3.2.Beverages Market Forecast and Analysis
8.4.FOOD
8.4.1.Overview
8.4.2.Food Market Forecast and Analysis
8.5.PHARMACEUTICAL
8.5.1.Overview
8.5.2.Pharmaceutical Market Forecast and Analysis
8.6.COSMETIC
8.6.1.Overview
8.6.2.Cosmetic Market Forecast and Analysis
8.7.HOUSEHOLD CARE
8.7.1.Overview
8.7.2.Household Care Market Forecast and Analysis
8.8.INDUSTRIAL
8.8.1.Overview
8.8.2.Industrial Market Forecast and Analysis
9.PLASTIC CONTAINER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Plastic Container Market Overview
9.1.2North America Plastic Container Market Forecasts and Analysis
9.1.3North America Plastic Container Market Forecasts and Analysis - By Material
9.1.4North America Plastic Container Market Forecasts and Analysis - By End User
9.1.5North America Plastic Container Market Forecasts and Analysis - By Countries
9.1.5.1Canada Plastic Container Market
9.1.5.1.1Canada Plastic Container Market by Material
9.1.5.1.2Canada Plastic Container Market by End User
9.1.5.2Mexico Plastic Container Market
9.1.5.2.1Mexico Plastic Container Market by Material
9.1.5.2.2Mexico Plastic Container Market by End User
9.1.5.3US Plastic Container Market
9.1.5.3.1US Plastic Container Market by Material
9.1.5.3.2US Plastic Container Market by End User
9.2.EUROPE
9.2.1Europe Plastic Container Market Overview
9.2.2Europe Plastic Container Market Forecasts and Analysis
9.2.3Europe Plastic Container Market Forecasts and Analysis - By Material
9.2.4Europe Plastic Container Market Forecasts and Analysis - By End User
9.2.5Europe Plastic Container Market Forecasts and Analysis - By Countries
9.2.5.1Germany Plastic Container Market
9.2.5.1.1Germany Plastic Container Market by Material
9.2.5.1.2Germany Plastic Container Market by End User
9.2.5.2France Plastic Container Market
9.2.5.2.1France Plastic Container Market by Material
9.2.5.2.2France Plastic Container Market by End User
9.2.5.3Italy Plastic Container Market
9.2.5.3.1Italy Plastic Container Market by Material
9.2.5.3.2Italy Plastic Container Market by End User
9.2.5.4United Kingdom Plastic Container Market
9.2.5.4.1United Kingdom Plastic Container Market by Material
9.2.5.4.2United Kingdom Plastic Container Market by End User
9.2.5.5Russia Plastic Container Market
9.2.5.5.1Russia Plastic Container Market by Material
9.2.5.5.2Russia Plastic Container Market by End User
9.2.5.6Rest of Europe Plastic Container Market
9.2.5.6.1Rest of Europe Plastic Container Market by Material
9.2.5.6.2Rest of Europe Plastic Container Market by End User
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Plastic Container Market Overview
9.3.2Asia-Pacific Plastic Container Market Forecasts and Analysis
9.3.3Asia-Pacific Plastic Container Market Forecasts and Analysis - By Material
9.3.4Asia-Pacific Plastic Container Market Forecasts and Analysis - By End User
9.3.5Asia-Pacific Plastic Container Market Forecasts and Analysis - By Countries
9.3.5.1Australia Plastic Container Market
9.3.5.1.1Australia Plastic Container Market by Material
9.3.5.1.2Australia Plastic Container Market by End User
9.3.5.2China Plastic Container Market
9.3.5.2.1China Plastic Container Market by Material
9.3.5.2.2China Plastic Container Market by End User
9.3.5.3India Plastic Container Market
9.3.5.3.1India Plastic Container Market by Material
9.3.5.3.2India Plastic Container Market by End User
9.3.5.4Japan Plastic Container Market
9.3.5.4.1Japan Plastic Container Market by Material
9.3.5.4.2Japan Plastic Container Market by End User
9.3.5.5South Korea Plastic Container Market
9.3.5.5.1South Korea Plastic Container Market by Material
9.3.5.5.2South Korea Plastic Container Market by End User
9.3.5.6Rest of Asia-Pacific Plastic Container Market
9.3.5.6.1Rest of Asia-Pacific Plastic Container Market by Material
9.3.5.6.2Rest of Asia-Pacific Plastic Container Market by End User
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Plastic Container Market Overview
9.4.2Middle East and Africa Plastic Container Market Forecasts and Analysis
9.4.3Middle East and Africa Plastic Container Market Forecasts and Analysis - By Material
9.4.4Middle East and Africa Plastic Container Market Forecasts and Analysis - By End User
9.4.5Middle East and Africa Plastic Container Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Plastic Container Market
9.4.5.1.1South Africa Plastic Container Market by Material
9.4.5.1.2South Africa Plastic Container Market by End User
9.4.5.2Saudi Arabia Plastic Container Market
9.4.5.2.1Saudi Arabia Plastic Container Market by Material
9.4.5.2.2Saudi Arabia Plastic Container Market by End User
9.4.5.3U.A.E Plastic Container Market
9.4.5.3.1U.A.E Plastic Container Market by Material
9.4.5.3.2U.A.E Plastic Container Market by End User
9.4.5.4Rest of Middle East and Africa Plastic Container Market
9.4.5.4.1Rest of Middle East and Africa Plastic Container Market by Material
9.4.5.4.2Rest of Middle East and Africa Plastic Container Market by End User
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Plastic Container Market Overview
9.5.2South and Central America Plastic Container Market Forecasts and Analysis
9.5.3South and Central America Plastic Container Market Forecasts and Analysis - By Material
9.5.4South and Central America Plastic Container Market Forecasts and Analysis - By End User
9.5.5South and Central America Plastic Container Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Plastic Container Market
9.5.5.1.1Brazil Plastic Container Market by Material
9.5.5.1.2Brazil Plastic Container Market by End User
9.5.5.2Argentina Plastic Container Market
9.5.5.2.1Argentina Plastic Container Market by Material
9.5.5.2.2Argentina Plastic Container Market by End User
9.5.5.3Rest of South and Central America Plastic Container Market
9.5.5.3.1Rest of South and Central America Plastic Container Market by Material
9.5.5.3.2Rest of South and Central America Plastic Container Market by End User
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.PLASTIC CONTAINER MARKET, KEY COMPANY PROFILES
11.1.ALPACK INC.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ALPHA PACKAGING HOLDINGS INC.
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.AMCOR LIMITED
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.ANCHOR PACKAGING INC.
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.CONSTAR INTERNATIONAL INC.
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.GRAHAM PACKAGING COMPANY INC.
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.PLASTIPAK HOLDINGS, INC.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.RAHWAY STEEL DRUM COMPANY(U.S.)
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.THE PLASTIC BOTTLES COMPANY
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.WERKE ALWIN LEHNER GMBH AND COMPANY KG
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
The List of Companies
1. Alpack Inc.
2. Alpha Packaging Holdings Inc.
3. Amcor Limited
4. Anchor Packaging Inc.
5. Constar International Inc.
6. Graham Packaging Company Inc.
7. Plastipak Holdings, Inc.
8. Rahway Steel Drum Company(U.S.)
9. The Plastic Bottles Company
10. Werke Alwin Lehner GmbH and Company KG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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