The plastic container market size was valued at US$ 106.60 billion in 2022 and is expected to reach US$ 146.43 billion by 2030; it is estimated to register a CAGR of 4.0% from 2022 to 2030.
Market Insights and Analyst View:
Plastic containers are enclosures fabricated from plastic that are made to contain items. They are used in a wide variety of applications, including food & beverage packaging, household storage, and industrial shipping. Plastic containers are popular because they are lightweight, durable, and relatively inexpensive to produce. Plastic containers are made from a variety of different plastic materials, including polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and polystyrene (PS). Each plastic type has unique properties, hence makes it suitable for different applications. For instance, PET is often used for food & beverage packaging because it is clear, durable, and resistant to most chemicals. PE is often used for household storage containers because it is flexible and impact-resistant. PP is often used for industrial shipping containers because it is strong and heat resistant. PS is often used for food packaging because it is lightweight and inexpensive. Plastic containers offer a number of advantages over other types of containers, such as glass and metal. They are lighter and less breakable, which makes them easier to transport and store. They are also less expensive to produce, which makes them more affordable for consumers. Plastic containers are also very versatile and can be molded into a wide variety of sizes and shapes.
Growth Drivers and Challenges:
Over the years, the plastic container market has witnessed significant growth and diversification, becoming a crucial component of various industries and daily life. Plastic containers are widely used for packaging and storing a wide range of food products from pharmaceuticals to household goods. This versatility has made plastic containers an integral part of modern packaging solutions. Plastic containers are generally more affordable to produce, making them a preferred choice for both manufacturers and consumers. This cost efficiency also extends to transportation, as lightweight plastic containers reduce shipping costs and environmental impact. Moreover, plastic containers offer excellent versatility in terms of shape, size, and design. Manufacturers can create containers tailored to specific product requirements, ensuring the protection and preservation of the contents. This adaptability has allowed plastic containers to cater to a wide range of industries. In addition, plastic containers are resistant to breakage, corrosion, and moisture, which makes them ideal for long-term storage and transportation of goods. Many plastic containers also feature airtight seals, ensuring the freshness and quality of food products. The rapid expansion of the e-commerce industry, driven by the convenience of online shopping, has bolstered the plastic container market. As consumers increasingly rely on online platforms to purchase various products, manufacturers and retailers require effective packaging solutions to protect, store, and deliver these goods. Plastic containers, with their versatility and durability, have become a preferred choice for ensuring the safe transportation of online products. Efficient and secure packaging is crucial for e-commerce businesses. Plastic containers are lightweight and come in various sizes, which optimizes shipping and storage space. This saves businesses money due to reduced shipping expenses and better space utilization. The stackability of plastic containers further enhances their suitability for the e-commerce supply chain. All these factors drive the plastic container market growth.
However, governments worldwide are increasingly promoting recycling and sustainability in packaging. Many countries have introduced laws that require plastic containers to meet specific recyclability and sustainability criteria. Manufacturers and suppliers must invest in sustainable materials and production processes to comply with these regulations, which can lead to increased production cost and limit the plastic container market growth. In addition, in industries like food and pharmaceuticals, stringent regulations govern the use of plastic containers to ensure consumer safety. Government agencies establish standards for materials, additives, and production processes to minimize the risk of contamination. While necessary for public health, these regulations can be complex and costly to implement, which may hinder the plastic container market growth, particularly for smaller manufacturers who struggle to meet compliance requirements. All these factors could limit the plastic container market growth.
Strategic Insights
Report Segmentation and Scope:
The global plastic container market is segmented on the basis of material, container type, end-use, and geography. Based on material, the plastic container market is bifurcated into polyethylene terephthalate, polypropylene, high-density polyethylene, low-density polyethylene, and others. On the basis of container type, the plastic container market is segmented into bottles & jars, pails, tubs, cups & bowls, and others. In terms of end-use, the plastic container market is segmented into, beverages, food, pharmaceuticals, personal care & cosmetics, and others. By geography, the plastic container market is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Segmental Analysis:
On the basis of end-use, the plastic container market is bifurcated into beverages, food, pharmaceuticals, personal care & cosmetics, and others. The personal care & cosmetics segment registered a significant plastic container market share in 2022. In addition, the beverages segment is expected to register significant growth from 2022 to 2030 in the plastic container market. Plastic containers offer a lightweight and durable packaging solution, making them ideal for transporting beverages. This reduces shipping costs and minimizes the risk of breakage during transit, ensuring that the product reaches consumers in good condition. Additionally, plastic containers are conducive to innovative packaging designs. Manufacturers can incorporate unique shapes, colors, and labeling to enhance the visual appeal of their products, helping them stand out on store shelves and attract customers. This is especially crucial in the highly competitive beverage industry. Furthermore, plastic containers are generally recyclable, and many companies are making efforts to promote sustainability by using recycled plastics in their packaging. This aligns with growing consumer concerns about environmental impact and encourages the beverage industry's shift towards more eco-friendly packaging options. All these factors are driving the beverages segment's growth in the plastic container market.
Regional Analysis:
Based on geography, the plastic container market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. The Asia Pacific region held a significant share in 2022. The region'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. Further, the North America region is expected to register significant growth from 2022-2030. The food & beverage industry in North America is one of the largest and most diverse in the world. Plastic containers are preferred due to their versatility, offering a wide range of soft drinks, dairy, condiments, and ready-to-eat meals. The variety of shapes and sizes available in plastic containers caters to the needs of both consumers and manufacturers. All these factors are expected to drive the plastic container market growth.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the plastic container market are listed below:
- In April 2023, Puracy, the plant-based household cleaning and personal care brand, announced the launch of its Clean Can and Clean Can Starter Kit, the brand's new sustainably focused product that eliminates single-use plastic. Puracy's Clean Can utilize the simplicity of a standard beverage can in a patent-pending cleaning system.
COVID-19 Impact:
The COVID-19 pandemic adversely affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemical & materials industry. The shutdown of manufacturing units of no plastic container companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies reported delays in product deliveries and a slump in their product sales in 2020. Most of the industrial manufacturing facilities were shut down during the pandemic, decreasing the consumption of plastic containers. In addition, the COVID-19 pandemic has caused fluctuations in plastic container prices. However, various industries revived their operations after supply constraints were resolved, which led to a revival of the plastic container market. Moreover, the rising demand for plastic containers from the agriculture industry substantially promotes the growth of the plastic container market.
Competitive Landscape and Key Companies:
Amcor Plc; Sonoco Products Company; Berry Global Inc.; Plastipak Holdings, Inc.; ALPLA Werke Alwin Lehner GmbH & Co KG; Graham Packaging Company; Greiner Packaging International GmbH; Silgan Plastics LLC; Huhtamäki Oyj; and Reynolds Consumer Products are among the players operating in the global plastic container market. The global plastic container market players focus on providing high-quality products to fulfill customer demand.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Plastic Container Market Report Analysis
-
CAGR (2023 - 2031)4.00% -
Market Size 2023
US$ 110.86 Billion -
Market Size 2031
US$ 151.73 Billion
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Alpack Inc.
- Alpha Packaging Holdings Inc.
- Amcor Limited
- Anchor Packaging Inc.
- Constar International Inc.
- Graham Packaging Company Inc.
- Plastipak Holdings, Inc.
- Rahway Steel Drum Company(U.S.)
- The Plastic Bottles Company
- Werke Alwin Lehner GmbH and Company KG
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Material
- Polyethylene Terephthalate
- Polypropylene
- High-Density Polyethylene
- Low-Density Polyethylene
- Others
By Container Type
- Bottles & Jars
- Pails
- Tubs
- Cups & Bowls
- Others
By and End-Use
- Beverages
- Food
- Pharmaceutical
- Personal Care & Cosmetics
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Plastic Container Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 110.86 Billion |
| Market Size by 2031 | US$ 151.73 Billion |
| Global CAGR (2023 - 2031) | 4.00% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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.
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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