Plastic Bottles and Containers Market

Plastic Bottles and Containers Market Outlook (2022-2032)

The global plastic bottles and containers market is predicted to progress at a steady CAGR of 4% from 2022 to 2032. At present, the market is valued at US$ 155 billion and is expected to reach US$ 230 billion by the end of 2032.

Demand for polyethylene terephthalate is forecasted to develop at a CAGR of 4.2% through 2032. PET plastic is being used more in the pharmaceutical business since it is a lightweight option that is highly resistant to moisture.

Plastic bottles and containers are widely utilized to keep food and beverages from spoiling and to guarantee product freshness. Due to the reduced risk of breakage compared to glass bottles, consumers choose packed bottles and containers. The use of plastic bottles and containers makes it simple to store goods and also creates a secure atmosphere for children.

Due to the growing use of plastic containers for packaging and shipping, the e-Commerce sector has given rise to attracting business prospects. Plastic containers are highly used in the packaging business since they are easy to ship and store. As a result, the market is projected to expand rapidly due to the rising demand for plastic bottles and containers for packaging applications.

Demand for plastic products is anticipated to increase throughout the projection period due to rising personal care product usage and the widespread adoption of plastic in the cosmetics industry. Market expansion can be aided by innovations in plastic materials that reduce their environmental toxicity.

The market for plastic bottles and containers is becoming more popular as a result of the availability of a wide range of cutting-edge, economical, and environment-friendly packaging options. The increased barrier qualities of plastic packaging allow it to effectively shield products from moisture and oxygen, which is having a significant impact on market growth.

The market is expected to develop significantly over the decade due to the cost-effectiveness of the products as well as customers' dependence on packaged, processed, and pre-cooked food due to fast-changing lifestyles. Most manufacturers use plastic packaging options because of their cheaper production costs, which is also stimulating market value.

The rise in disposable income, along with these products' long shelf lives and simplicity of use, are the main factors that actively drive the demand for plastic bottles and containers. Additionally, over the forecast period, the market will benefit from a variety of growth opportunities due to the high adoption of lightweight packaging techniques that have caused a shift in consumer preferences away from heavyweight packaging techniques toward plastic commercial packaging.

Plastic is used for cosmetic and personal care product packaging because of its practicality and hygienic attributes. Creams, powders, and other cosmetic goods are commonly packaged and stored in bottles and jars made of polypropylene. Furthermore, the portable and small packaging that these containers offer shields the product from air, sunlight, humidity, dirt, and dust. The cosmetics and personal care sector has expanded as a result of rising consumer demand for skin care products. This is anticipated to boost the sales of plastic bottles and containers.

Report Attributes	Details
Plastic Bottles And Containers Market Size (2022)	US$ 155 Billion
Projected Market Value (2032)	US$ 230 Billion
Global Market Growth Rate (2022-2032)	4% CAGR
Market Share of Polyethylene Terephthalate (PET)	60%
Key Companies Profiled	RPC Group Berry Global Amcor plc. Plastipak Packaging Graham Packaging, LP. Greiner Packaging Alpha Packaging Zijiang CKS Packaging Inc. Bericap GmbH & Co. KG Comar LLC

What’s Paving the Way for Manufacturers of Plastic Bottles and Containers?

“Growing Preference for Recyclable Plastic Bottles & Innovation in Manufacturing Techniques”

The cost-effectiveness of plastic bottles along with design innovations is promoting market expansion. The demand for recyclable plastic bottles is expected to increase as a result of numerous cutting-edge strategies used by top businesses to lower the energy consumption and environmental impacts of plastic bottles.

To attract potential customers, manufacturers are being forced by growing environmental concerns about the use of non-biodegradable plastics to create environmentally friendly sustainable plastic bottles & containers.

The rising usage of numerous cutting-edge technologies, including aseptic packaging and biodegradable packaging, is anticipated to significantly extend the shelf life of the product. Because customers view shelf life as one of the most crucial features of a product, they are on the lookout for items with creative packaging that have a longer shelf life.

The need for lightweight packaging is growing, which has prompted businesses to create substitutes. By shielding the product from oxygen, moisture, and other possible agents such as bacteria, the shelf life of the product can be increased. Because of their exceptional barrier qualities and ability to shield products from a variety of disintegrating agents, plastic containers are hence those protective mediums.

How is Industry Growth Being Restrained to Some Extent?

“Strict Government Rules and Uncertainty of Raw Material Prices”

Stringent government rules, increasing awareness of environmental issues with plastic usage and a variety of health issues with bottled water, and fluctuating raw material prices are hampering market expansion.

How Can Emerging Companies Penetrate This Competitive Market?

“New Entrants Should Focus on Creating Reusable Products to Reduce Plastic Pollution in Environment”

Waste made by PET is one of the worst environmental problems we face today. In the meantime, our environment is being harmed by the growing amount of plastic garbage. New companies create processes to turn solid plastic waste into reusable goods.

A unique PET-based plastic depolymerization method created by the Canadian start-up Loop Industries extracts dimethyl terephthalate (DMT) and monoethylene glycol (MEG) from the waste plastic. Following their usage in the production of new plastic packaging, these byproducts reduce the amount of plastic pollution in the environment. Additionally, compared to conventional conversion techniques, this process needs less heat and pressure.

Which Regional Market Accounts for Most Sales of Plastic Bottles and Containers?

“Rapid Expansion of Online Meal Delivery & e-Commerce in Asia Pacific”

Asia Pacific dominates the global market. Increasing sales of plastic medicine bottles, growing population, and rise in disposable income are boosting market revenue.

High consumption of polyethylene terephthalate (PET) bottles and rapid expansion of online meal delivery & e-Commerce sectors are supporting market growth.

Country-wise Insights

What is the Market Outlook for Plastic Bottles and Containers in South Korea?

“Huge Acceptance of Sustainable Plastic Packaging Solutions”

The demand for plastic bottles and containers in South Korea is anticipated to be driven by technological advancements in lightweight solutions, quick acceptance of sustainable plastic packaging solutions, and an increase in the number of pharmaceutical and cosmetic product producers.

Why is Demand for Plastic Bottles and Containers Increasing in the United States?

“High Demand for PET Containers in Pharmaceutical Sector”

The U.S. market is predicted to rise due to the growing consumption of rigid plastic containers & bottles to prevent food and liquids from leaking, the strong presence of various end-use vertical industries, and the huge demand for PET containers in the pharmaceutical sector owing to their strength and portability.

Why are Suppliers of Plastic Bottles and Containers Attracted to Japan?

“Increasing Consumer Expenditure on Carbonated Beverages across Japan”

Market expansion in Japan is attributed to the expanding beverages industry, which boosts demand for plastic bottles by more than usual to preserve bottled water and fizzy beverages. Polyethylene terephthalate is primarily utilised in the production of beverage bottles. Therefore, increasing consumer expenditure on carbonated beverages is propelling market demand.

What are the Growth Opportunities for Plastic Bottle and Container Suppliers in Germany?

“High Usage of Plastic Bottles to Package Automotive Liquids”

The market in Germany is estimated to develop at a CAGR of 2% over the forecast period. Detergents, cleansers, and other FMCG products are easily available in liquid form, and Germany is home to several top luxury automobile producers. As a result, there is a huge requirement for automotive fluids. Hence, there is an increase in demand for plastic bottles used to package automotive lubricants, oils, coolants, and other fluids.

Category-wise Insights

Why is Demand for Polyethylene Terephthalate (PET) So High?

“Polyethylene Terephthalate More Preferred Due to its Cost-effectiveness”

Based on raw material, the market is divided into polyethylene terephthalate (PET), poly propylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE), and others.

Polyethylene terephthalate accounts for 60% share of the global market. Due to its superior chemical and moisture resistance, PET is highly used in the beverage industry. PET is a strong, lightweight plastic material. Due to its barrier qualities against water vapor, gases, oils, alcohols, and diluted acids, it is recommended for packaging food products and beverages.

Due to their reliability, durability, and biodegradability, polyethylene terephthalate plastic bottles are being produced at a higher rate, which increases their cost-effectiveness and supports market expansion.

Which Application Accounts for High Consumption of Plastic Bottles and Containers?

“Growing Need for High-quality Drinking Water Driving Demand in Beverages Industry”

Based on application, plastic bottles and containers are classified into beverages, food, cosmetics, pharmaceuticals, household care, and industrial.

Due to the surging need for bottled water and non-alcoholic beverages, the demand for plastic bottles and containers in the beverages industry is projected to accelerate.

The demand for plastic containers and bottles in the beverages industry is being driven by rising customer desire for hygienic drinking water, which is due to the disease fear caused by drinking tap water as well as the portability and convenience given by bottled water.

Plastic containers protect against leaks, moisture, and chemicals, ensuring safety and a longer shelf life. Around the world, the use of plastic bottles has increased due to the rising demand for ready-to-drink beverages such as carbonated soft drinks, juices, and milk and dairy products. As a result, the demand for the product will increase as the beverages sector expands.

Competitive Landscape

To fulfil the rising demand from various end-use sectors, key players in the plastic bottles and containers market are concentrating on boosting their manufacturing capacities. Leading companies are also investing in R&D to enhance the performance and standard of PET packaging solutions.

For instance :

• In 2020, Amcor introduced the 900-ml PET bottle in Brazil with the lowest weight that can hold edible oil. This was created with the use of cutting-edge design technology.

Segments of Plastic Bottles and Containers Industry Research

• By Raw Material :

  • Polyethylene Terephthalate (PET)
  • Poly Propylene (PP)
  • Low-density Polyethylene (LDPE)
  • High-density Polyethylene (HDPE)
  • Others

• By Application :

  • Beverages
  • Food
  • Cosmetics
  • Pharmaceuticals
  • Household Care
  • Industrial

• By Region :

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