Plastic Container Market | Contrive Datum Insights

Global Plastic Container Market size was valued at USD 384.4 billion in 2023 and is projected to reach USD 492.3 billion by 2030, growing at a CAGR of 3.6% from 2023 to 2030.

Plastic Container Market Overview:

The plastic container market is a large and growing market that is used in a variety of industries, including food and beverage, personal care and cosmetics, pharmaceuticals, and electronics. The market is driven by the increasing demand for plastic containers from these industries, as well as by the growing disposable income in developing countries.

Plastic containers are made from a variety of plastics, including polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), and polyvinyl chloride (PVC). Each type of plastic has its own unique properties that make it suitable for different applications. For example, PET is often used for bottles and jars because it is lightweight and transparent. HDPE is often used for buckets and tubs because it is strong and durable. LDPE is often used for bags and films because it is flexible and inexpensive. PP is often used for lids and closures because it is heat-resistant and easy to mold. PVC is often used for food packaging because it is non-reactive and easy to clean.

The plastic container market refers to the industry segment that produces, distributes, and sells various types of containers made from plastic materials. These containers serve as packaging solutions for a wide range of products, including food and beverages, personal care products, household chemicals, pharmaceuticals, industrial chemicals, and more. Plastic containers are popular due to their versatility, lightweight nature, durability, and cost-effectiveness.

Plastic containers come in various shapes, sizes, and designs, and they may be used for single-use purposes or designed for multiple uses through recycling or reusability. The market for plastic containers has experienced significant growth over the years, driven by factors such as urbanization, changing consumer lifestyles, convenience-oriented packaging, and technological advancements in plastic manufacturing processes.

COVID-19 IMPACT: The COVID-19 shutdown of the manufacturing sector will stop the making of plastic containers.

The pandemic had an effect on all markets, and some countries shut down factories and limited distribution and shipping because of it. This changed the value chain. Companies couldn't make as much because they didn't have enough workers and there were problems with their supply lines. Because of this, there isn't much desire for these kinds of containers. Because COVID-19 was mostly about personal protective equipment, it had a bad effect on the consumer goods business. Consumer goods companies had to deal with late deliveries and items that were out of stock. As brands try to find new bottle suppliers, the prices have gone up from 5% to 10%.

But the countries took steps to improve their pharmaceutical industries, and their governments told their people to take vitamins to boost their immune systems. This was a good chance for companies that make containers for pills and supplements. Also, the rise in e-commerce due to the pandemic turned out to be a chance. Container makers were able to grow thanks to the online delivery of food and drinks, cosmetics, home care products, and disinfectants and cleaners.

IMPORTANT NEW DEVELOPMENTS:

• In May 2022, the ALPLA Group, a leading packaging solutions and recycling business, and Voslauer, Austria's leading mineral water company, came up with a new returnable PET bottle. When compared to a reusable glass bottle, the sustainable bottle is said to cut carbon emissions by about 30% and weight by almost 90%.
• In January 2022, Graham Partners' company VPET USA LLC of Fontana, California, reported that it was buying Canyon Plastics Inc., a California company that makes packaging molds. Canyon sells consumer-packaged goods like vitamins, nutraceuticals, protein powders, and supplements. It also has a growing range of designed goods for the medical and aerospace & defense sectors.
• In April 2021, Alpha Packaging bought Boxmore Plastics Limited. Alpha Packaging is a major maker and decorator of high-quality plastic bottles and jars. The purchase of Boxmore fits in with Alpha's plan to expand into new areas and makes the company stronger in the European market.
• In May 2021, Plastipak announced that it would make a big investment in recycling at a factory in Spain. PET flake will be turned into rPET pellets, also called food-grade recovered PET, which can be used in new preforms, containers, and bottles. The recycling plant is slated to start making pellets in 2022 and will make 20 KT of them each year.
• April 2020: Amcor releases OmniPack, a bottle made from Polyethylene Terephthalate (PET). This new launch will help the company meet the rising demand for packaging that is ready for e-commerce

Major Market Segments Covered in Plastic Container Market Research:

Market Key Players:

• Amcor plc (Australia)
• Plastipak Holdings, Inc. (US)
• ALPLA Group (Austria)
• Graham Packaging Company, L.P. (US)
• Berry Global Inc. (US)
• Greiner AG (Austria)
• Visy Industries Australia Pty Ltd (Australia)
• Shanghai Zijiang Enterprise Group Co., Ltd (China)
• Crown Holdings, Inc. (US)
• Silgan Holdings Inc. (US)

Key Vendors:

Amcor plc (Australia) is a global packaging company that develops and produces flexible packaging, rigid containers, specialty cartons, closures and services for food, beverage, pharmaceutical, medical-device, home and personal-care, and other products. The company is headquartered in Melbourne, Australia and has operations in over 40 countries. Amcor is the largest plastic container manufacturer in the world.

Plastipak Holdings, Inc. (US) is a leading manufacturer of plastic containers for the food, beverage, personal care, and household products industries. The company is headquartered in Plymouth, Michigan and has operations in the United States, Canada, Mexico, Europe, and Asia. Plastipak is the second largest plastic container manufacturer in the world.

ALPLA Group (Austria) is a leading manufacturer of plastic bottles, closures, and preforms for the food, beverage, and non-food industries. The company is headquartered in Austria and has operations in over 20 countries. ALPLA is the third largest plastic container manufacturer in the world.

Graham Packaging Company, L.P. (US) is a leading manufacturer of plastic containers for the food, beverage, household products, and industrial markets. The company is headquartered in York, Pennsylvania and has operations in the United States, Canada, Mexico, and Europe. Graham Packaging is the fourth largest plastic container manufacturer in the world.

Berry Global Inc. (US) is a leading manufacturer of plastic packaging for the food, beverage, personal care, and household products industries. The company is headquartered in Evansville, Indiana and has operations in over 25 countries. Berry Global is the fifth largest plastic container manufacturer in the world.

Based on Type:

• Bottles and jars
• Tubs and pails
• Cups and bowls
• Lids and closures
• Others

Bottles and jars: Bottles and jars are the most common type of plastic container. They are used for a variety of food and beverage products, as well as for personal care and household products. Bottles are typically made from PET or HDPE, while jars are typically made from PET or PP.
Tubs and pails: Tubs and pails are used for a variety of products, such as paints, chemicals, and food products. They are typically made from HDPE or PP.
Cups and bowls: Cups and bowls are used for food and beverages. They are typically made from PET, PP, or PS.
Lids and closures: Lids and closures are used to seal plastic containers. They are typically made from PP, PE, or PVC.
Others: Other types of plastic containers include films, bags, and shrink sleeves. Films are used for packaging food and other products. Bags are used for a variety of purposes, such as carrying groceries or storing food. Shrink sleeves are used to shrink wrap products.

Based on Application:

• Food and beverages
• Personal care and cosmetics
• Pharmaceuticals
• Electronics
• others

Food and beverages: Plastic containers are used for a variety of food and beverage products, such as water, soda, juice, milk, beer, and wine. They are also used for condiments, snacks, and frozen foods.
Personal care and cosmetics: Plastic containers are used for a variety of personal care and cosmetic products, such as shampoo, conditioner, soap, lotion, makeup, and perfume.
Pharmaceuticals: Plastic containers are used for a variety of pharmaceutical products, such as tablets, capsules, liquids, and creams.
Electronics: Plastic containers are used for a variety of electronic products, such as CDs, DVDs, and hard drives.
Others: Plastic containers are used for a variety of other products, such as toys, hardware, and automotive parts.

Based on Regions:

Asia Pacific: Asia Pacific is the largest market for plastic containers. This is due to the region's large population and growing economy. China is the largest market for plastic containers in Asia Pacific.
North America: North America is the second largest market for plastic containers. This is due to the region's high disposable income and demand for convenience products. The United States is the largest market for plastic containers in North America.
Europe: Europe is the third largest market for plastic containers. This is due to the region's large population and aging population. Germany is the largest market for plastic containers in Europe.
South America: South America is the fourth largest market for plastic containers. This is due to the region's growing economy and population. Brazil is the largest market for plastic containers in South America.
Middle East and Africa: Middle East and Africa is the fifth largest market for plastic containers. This is due to the region's growing economy and population. Saudi Arabia is the largest market for plastic containers in Middle East and Africa.

 

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Significant Market Dynamics:

Dynamics

• The plastic container market is a dynamic market that is constantly evolving. This is due to the changing needs of consumers, the development of new technologies, and the regulatory environment.
• The market is also fragmented, with a large number of small and medium-sized players. This fragmentation makes it difficult for new entrants to compete in the market.

Restraints

• One of the biggest restraints in the plastic container market is the environmental concerns related to the use of plastic. Plastic is a non-renewable resource and it takes hundreds of years to decompose. This has led to concerns about the environmental impact of plastic pollution.
• Another restraint is the stringent regulations on the use of plastic in some countries. These regulations can make it difficult and expensive to produce and sell plastic containers in these countries.

Drivers

• The growing demand for plastic containers from various end-use industries is one of the key drivers of the market. The demand for plastic containers is growing from the food and beverage, personal care and cosmetics, pharmaceuticals, and electronics industries.
• The rising disposable income in developing countries is another driver of the market. The increasing disposable income in these countries is leading to a growing demand for packaged goods, which is driving the demand for plastic containers.
• The development of new and innovative plastic container technologies is also driving the market. These new technologies are making it possible to produce plastic containers that are lighter, stronger, and more sustainable.

Trends

• One of the key trends in the plastic container market is the increasing demand for lightweight and durable plastic containers. This is due to the growing demand for sustainable packaging solutions.
• Another trend is the growing use of recycled plastic in the production of plastic containers. This is due to the increasing environmental concerns related to the use of virgin plastic.
• The development of new and innovative plastic container designs is another trend in the market. These new designs are making it possible to produce plastic containers that are more user-friendly and visually appealing.

Challenges

• One of the biggest challenges facing the plastic container market is the environmental concerns related to the use of plastic. These concerns are leading to calls for the use of sustainable packaging solutions.
• Another challenge is the stringent regulations on the use of plastic in some countries. These regulations can make it difficult and expensive to produce and sell plastic containers in these countries.

Opportunities

• The growing demand for plastic containers from various end-use industries is one of the key opportunities in the market. The demand for plastic containers is growing from the food and beverage, personal care and cosmetics, pharmaceuticals, and electronics industries.
• The rising disposable income in developing countries is another opportunity for the market. The increasing disposable income in these countries is leading to a growing demand for packaged goods, which is driving the demand for plastic containers.
• The development of new and innovative plastic container technologies is also an opportunity for the market. These new technologies are making it possible to produce plastic containers that are lighter, stronger, and more sustainable.

Scope of Reports:

Report Attribute	Details
Study Period	2017-2030
Base Year	2022
Estimated year	2023
Forecast period	2023-2030
Historic Period	2017-2022
Units	USD 492.3 Billion
Growth Rate	CAGR of 3.6% from 2023 to 2030
By Type	Bottles and jars Tubs and pails Cups and bowls Lids and closures Others
By Application	Food and beverages Personal care and cosmetics Pharmaceuticals Electronics others
By Companies	Amcor plc (Australia) Plastipak Holdings, Inc. (US) ALPLA Group (Austria) Graham Packaging Company, L.P. (US) Berry Global Inc. (US) Greiner AG (Austria) Visy Industries Australia Pty Ltd (Australia) Shanghai Zijiang Enterprise Group Co., Ltd (China) Crown Holdings, Inc. (US) Silgan Holdings Inc. (US)
Regional Scope	North America Europe Asia-Pacific The Middle East & Africa Latin America
Reasons to Purchase this Report and Customization Scope	6-month post-sale analyst assistance. 10% Free Customization and 15 Company Profiles in addition to the ones specified

Conclusion:

In conclusion, the plastic container market is a dynamic and essential segment of the packaging industry that produces a wide variety of containers made from plastic materials. These containers serve as packaging solutions for diverse products, ranging from food and beverages to personal care items, household chemicals, pharmaceuticals, and more. Plastic containers are valued for their versatility, durability, lightweight nature, and cost-effectiveness.