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

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).

Plastic resins such as polypropylene, polyethylene terephthalate, high-density polyethylene, and low-density polyethylene are widely used to make plastic containers. These can be found in a variety of shapes, including bottles, bottle jars, bowls, and pails, and are primarily used for packaging. These bottles are frequently used to package food, beverages, medicines, and cosmetics. Due to their strength, light weight, impermeability to moisture, and protection from sunlight, plastic-based containers are becoming more and more popular for packaging food goods. The market will be positively 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 aesthetic appeal to customers. Due to their consumer appeal and ease of manufacture, containers are becoming more and more used by food producers.

Due to its portability and light weight, plastic containers are predicted to experience significant expansion. Plastic packaging is becoming more and more popular among firms, including L'Oréal, Unilever, and PepsiCo, because it has a cheaper production cost. Additionally, it is anticipated that advancements in sophisticated materials, including LLDPE, combined with the growing significance of cost-effectiveness, would broaden the market's reach.

US Plastic Containers Market is poised to grow at a sustainable CAGR for the next forecast year.