Global Plastic Containers Market

Plastic Containers Market Size, Share, Growth Analysis, By Material(Polyethylene Terephthalate (PET), Polypropylene (PP)), By Container Type(Bottles & Jars, Pails), By End-Use(Beverages, Food) - Industry Forecast 2024-2031

Report ID: SQMIG25I2015 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 96 | Figures: 76

Plastic Containers Market News

  • In May 2022, in alliance with Vöslauer, Austria's top mineral water company, ALPLA Group, a renowned provider of packaging solutions and recycling, has created an innovative returnable PET bottle. In comparison to its reusable glass substitute, the sustainable bottle is said to lower carbon emissions by roughly 30% and bottle weight by about 90%.
  • In February 2022, the purchase of Canyon Plastics Inc., a California-based package moulder, was announced by VPET USA LLC of Fontana, California, a Graham Partners portfolio business. In addition to providing consumer packaged goods including vitamins, nutraceuticals, protein powders, and supplements, Canyon is also a rising producer of specifically tailored products for the aerospace and defence and medical industries.
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Plastic Containers Market size was valued at USD 106.09 billion in 2019 and is poised to grow from USD 109.8 billion in 2023 to USD 144.5 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).

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. 'Plastipak Holdings, Inc.', ' Amcor Limited ', ' Berry Inc. ', ' RPC Group PLC ', ' Silgan Holdings Inc. ', ' Graham Packaging Company LP ', ' Alpha Packaging Inc. ', ' Consolidated Container Company LLC ', ' Gerresheimer AG ', ' CKS Packaging Inc. ', ' Huhtamaki Oyj ', ' Reynolds Group Holdings Limited ', ' Sonoco Products Company ', ' Anchor Packaging Inc. ', ' Comar LLC ', ' Nampak Ltd. ', ' Pactiv LLC ', ' Printpack Inc. ', ' Sealed Air Corporation ', ' Tetra Pak International S.A. '

Increased Use of Rigid Plastic Containers in the F&B Sector

Increased Demand from Cosmetics & Personal Care Industry

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.

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Global Plastic Containers Market

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