Plastic Containers Market Regional Analysis

In 2021, Asia-Pacific region is expected to have the biggest share of the market. With more than 30.0% of worldwide revenue, Asia Pacific dominated the plastic container market. Over the next few years, the regional market will mostly be driven by rising consumption of bottled water, soft drinks, and juice. Furthermore, over the course of the projection period, demand for plastic containers increased as a result of the existence of several producers of pharmaceutical and cosmetic products in China, India, and South Korea. Additionally, the expansion of the use of plastic containers is anticipated to occur over the projection period as a consequence of rising automobile manufacturing penetration in South Korea, China, and India as a result of favorable government efforts.

Further, North American region also had a substantial portion of the market. Spending on household cleaners is rising in the area as a result of increased awareness of health and hygiene. In turn, over the course of the projection period, this is anticipated to increase demand for plastic containers. The largest market in North America, the United States, held more than 75.0% of the market there in 2021. The largest portion is linked to expanding food convenience demand as well as rising functional beverage usage. Thus, these abovementioned factors are likely to drive the growth of the market in the forecast period.