Plastic Containers Market Updates

Global Plastic Containers Market size was valued at USD 109.8 billion in 2023 and is poised to grow from USD 113.64 billion in 2024 to USD 149.65 billion by 2032, growing at a CAGR of 3.5% during the forecast period (2025-2032).

The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Amcor plc (Switzerland) ', 'Berry Global Group, Inc. (United States) ', 'Silgan Holdings Inc. (United States) ', 'Sonoco Products Company (United States) ', 'Sealed Air Corporation (United States) ', 'AptarGroup, Inc. (United States) ', 'Bemis Company, Inc. (United States) ', 'Huhtamäki Oyj (Finland) ', 'ALPLA Werke Alwin Lehner GmbH & Co KG (Austria) ', 'Plastipak Holdings, Inc. (United States) ', 'Greif, Inc. (United States) ', 'Packaging Corporation of America (United States) ', 'Crown Holdings, Inc. (United States) ', 'DS Smith Plc (United Kingdom) ', 'Mondi plc (United Kingdom) ', 'Smurfit Kappa Group plc (Ireland) ', 'International Paper Company (United States) ', 'WestRock Company (United States) ', 'Tetra Pak International S.A. (Switzerland) ', 'Ball Corporation (United States)'

Due to their strength and low weight, rigid plastic containers are becoming more and more popular in the food and beverage industries. These characteristics make food safe, extend its shelf life, and shield it from chemicals, light, and moisture. Additionally, because to its lightweight qualities, it is a useful packaging material for storing and transporting food items and beverages. The need for rigid containers in the food and beverage industries will rise as a result of shifting consumer purchasing patterns and changing lifestyles.

Increased Demand from Cosmetics & Personal Care Industry: 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, light, moisture, dust, and filth. The cosmetics and personal care sector has expanded as a result of rising consumer demand for skin care products. This is anticipated to drive the market share for plastic containers during the anticipated timeframe.

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.