Plastic Containers Market

Plastic Containers Market Outlook (2023 to 2033)

According to the latest report by Fact.MR, the global plastic containers market is forecasted to reach US$ 106.8 billion by 2033, up from its current value of US$ 64.35 billion. Worldwide demand for plastic containers is projected to rise at a CAGR of 5.2% from 2023 to 2033.

A container composed of plastic is referred to as a plastic container. It can be used to store a variety of products, including food and beverages, cosmetics, prescription drugs, and consumer goods. Plastic containers usually come in a range of hues, forms, and dimensions. Additionally, they can be altered according to the user's unique requirements.

Packaging is crucial to enhancing the value of the product. The market is anticipated to increase favorably as a result of the rising demand for protective packaging from the food and pharmaceutical industries to extend the shelf life of the final goods.

• The bottled water segment has emerged as lucrative in terms of application, accounting for 33% market share. Plastic is regarded as non-toxic, robust, lightweight, and recyclable. Mineral water, soft drinks, and juice are all packaged in plastic containers. Growing bottled water consumption is anticipated to broaden the use of plastic containers over the coming years.

Plastic packaging is becoming more popular due to its convenient and inventive visual appeal for consumer attention. It is anticipated that shifting lifestyles and dietary choices in emerging economies will increase the variety of convenience meals, which will in turn increase the demand for plastic containers.

Sales of plastic containers are increasing due to the availability of a wide range of cutting-edge, economical, and environmentally friendly packaging options. The development of the market is significantly impacted by plastic packaging's superior barrier properties, which effectively shield the product from air and moisture.

The cost-effectiveness of plastic containers as well as the consumer dependency on packaged, processed, and pre-cooked food as a result of quickly changing lifestyles are also projected to fuel market demand throughout the projection period. Additionally, because of their reduced production costs, plastic packaging options are preferred by the majority of firms.

Global demand for plastic bottles and containers is being driven by both the expanding population and the increase in disposable income. Environmental concerns and strict packaging rules are also pressuring firms to switch to recyclable materials for product packaging.

Report Attributes	Details
Plastic Containers Market Size (2023)	US$ 64.35 Billion
Projected Market Value (2033)	US$ 106.8 Billion
Global Market Growth Rate (2023 to 2033)	5.2% CAGR
China Market Size (2023)	US$ 15.12 Billion
India Market Growth Rate (2023 to 2033)	4.1% CAGR
United Kingdom Market Size (2033)	US$ 6.52 Billion
Market Share of Food & Beverage Industry (2023)	47%
United States Market Growth Rate (2023 to 2033)	5.4% CAGR
Key Companies Profiled	Alpha Packaging Holdings Inc. Amcor Bemis Company, Inc. CKS Packaging, Inc. Constar International LLC Huhtamäki Oyj Letica Corporation Linpac Group Ltd. Sonoco Products Company Plastipak Holdings Inc.

What is Broadening the Use of Plastic Containers?

“Growing Focus on Using Sustainable Plastic Materials”

Heightening environmental concerns posed by non-degradable plastics is compelling manufacturers to produce eco-friendly sustainable plastic containers to draw potential consumers. Opportunities are immense amidst a straggling global political infrastructure and inferior product designs, leading to billions of tons of plastic waste to be accumulated across landfills.

With only a tenth of discarded conventional plastics recycled globally, the urgency to develop environmental-friendly alternatives serves only to spur efforts by prominent manufacturers to invest intensively in the domain. Leading companies are offering sustainable options to reduce footprints.

• As per the United States Food and Drug Administration (FDA) guidelines, it is recommended to use sustainable plastic materials in developing plastic containers for foods. Such regulations have encouraged plastic container manufacturers to focus on sustainable plastic materials.

“Rapid Increase in e-Commerce Activities Driving Product Usage”

The market for plastic containers is seeing several new opportunities thanks to the unprecedented growth of the e-Commerce sector. e-Commerce is becoming increasingly significant as a means of buying due to an increase in smartphone users worldwide and this trend is predicted to have a significant impact on how packaging is used.

To cut expenses on delivery, e-Commerce businesses favor lightweight and flexible packing options. Businesses have developed alternatives as a result of the rising need for lightweight packaging. By protecting the product from oxygen, moisture, and other potential agents such as germs, the shelf life of the product can be extended.

The market is anticipated to expand as more people shop online for everyday fresh foods, FMCG products, electronics, and clothing. Plastic containers are those barrier-rich protective mediums that excel in shielding items from different disintegrating agents.

What is Limiting the Usage of Plastic Containers?

“Stringent Anti-Plastic Adoption Regulations Restricting Market Demand”

Market expansion is being held back by environmental issues related to the usage of plastics. The general public's understanding of the negative impacts of plastic consumption is increasing. The public is now more informed thanks to numerous public campaigns and initiatives by government organizations.

Development of the market is being hampered by the rigorous rules and regulations limiting the usage of plastic. Furthermore, the problem of storing hot drinks, such as coffee, tea, and meals, might cause food contamination. Growing worries about global warming and the amount of waste plastic can potentially restrain market expansion.

Tough anti-plastic regulations are estimated to pose a significant challenge to the plastic containers market growth. Fortunately, the incorporation of recyclable plastics is anticipated to sustain long-term demand.

What Measures are New Businesses Taking to Increase Their Profit Margins?

“New Market Entrants Focusing on Offering Biodegradable & Compostable Plastics”

Consumers are seeking items with creative packaging that have a prolonged shelf life since the shelf life is one of the main features of the product that is examined. Aseptic packaging and other cutting-edge technologies are being prioritized by aspiring market players to extend the shelf life of products.

• A start-up based in the United Kingdom called Polymateria, which offers biodegradable and compostable plastics, created a ground-breaking invention that promises to combat the problem of global plastic pollution. It offers plastics solutions using a patented plastics composition called Biotransformation. Stretch films, wrappers, containers, and bread bags are among the available product categories.

Country-wise Insights

Why are Plastic Container Suppliers Targeting the United States?

“Increasing Need for Efficient Packaging in Pharmaceutical Sector”

• Demand for plastic containers in the United States is estimated to reach a market value of US$ 20.62 billion by 2033.

The United States is a highly lucrative market because of the expanding food and pharmaceutical industries. To prevent food and liquids from leaking, stiff plastic bottles and jars are commonly used in the food business.

Growing usage of plastic containers in the pharmaceutical sector due to their strength and portability is boosting market expansion. Increasing demand for home cleaners due to a greater awareness of health and hygiene is driving market value in the country.

How Will Plastic Container Sales Fare in Germany?

“Increase in Consumption of Convenient Food Products by Working Professionals”

• The market in Germany is valued at US$ 5.66 billion in 2023.

Market growth is being driven by the presence of robust demand-supply chains, an increase in the consumption of convenient food products by working professionals due to hectic work schedules, and an exponentially growing food & beverage industry. Huge demand for single-use plastic containers for water and carbonated beverages is driving market growth in Germany.

What’s Keeping the Plastic Containers Market in China at the Forefront?

“Rising Automotive Manufacturer Penetration”

• Sales of plastic containers in China are predicted to expand at a CAGR of 5.8% over the forecast period.

Increasing need for plastic protective packaging from the cosmetics industry is projected to boost market growth over the coming years. Rising automotive manufacturer penetration in China is driving demand for automotive lubricants and greases and broadening the use of plastic containers.

Category-wise Insights

Why are Plastic Containers Highly Sought-After in the Food & Beverage Industry?

“Plastic Containers Highly Preferred for Food & Beverage Packaging Due to Their Impermeability to Moisture”

Based on end use, the market is divided into cosmetics & personal care, electronics, food & beverages, pharmaceuticals, printing & stationary, and others.

• Use of plastic containers in the food and beverage industry is estimated to rise at a CAGR of 5.3% over the next ten years.

Plastic containers are becoming more popular for packaging food products due to their strength, lightweight, impermeability to moisture, and protection from sunlight. The market will be favorably impacted by the rising demand for rigid packaging from food and beverage producers who want to extend the shelf life of their products and improve their visual appeal to customers. Due to their consumer appeal and ease of manufacture, containers are widely used by food producers.

As the food & beverages industry is growing fast, it is projected to fuel the sales of plastic containers substantially over the coming years. Extensive R&D, a zooming focus on health and well-being, and technological advancements in packaging and delivering food and beverage products are key to market growth.

Competitive Landscape

Key market participants are using tactics such as new developments, quality control, product standards, and mergers and acquisitions to broaden their product offerings. They are concentrating on increasing their manufacturing capacities and implementing cutting-edge technology to satisfy customer demand for efficient packaging.

• Alpha Packaging Holdings Incorporated launched its new extensive range of PET products such as PET Honey Bears, Black PET Sample Pack, and others in the last year to draw potential consumers. They are also providing Plastic Comparison Chart to their client to let them get access to the correct information about their plastic containers
• In 2020, Linpac Group Ltd. launched its new extensive range of plastic containers such as Vertifresh-Flexible Packaging, Hotpacs boxes & trays.
• In 2020, Sonoco Products Company launched its new exclusive range of plastic containers such as Hinged & Lidded Rigid Plastic Containers, In-Mold Label Containers, Rigid Blister Packaging, and others.

Key Segments of Plastic Containers Industry Research

• By Packaging Type :

  • Bags & Pouches
  • Bottles & Jars
  • Boxes & Cartons
  • Containers (Plastic Containers & Metal Cans)
  • Others (Cups, Tubs, and Bowls)

• By Packaging Material :

  • High Density Polyethylene (HDPE)
  • Low Density Polyethylene (LDPE)
  • Polyethylene Terephthalate (PET, PETE, PETG, Polyester)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyvinyl Chloride (PVC)
  • Others

• By Application :

  • Alcoholic Beverages
  • Bottled Water
  • Carbonated Soft Drinks
  • Energy Drinks
  • Milk Products
  • Ready-to-Drink Beverages
  • Tea/Coffee

• By End Use :

  • Cosmetics & Personal Care
  • Electronics
  • Food & Beverages
  • Pharmaceuticals
  • Printing & Stationary
  • Others

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa