Our comprehensive research on the Global Plastic Container Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global plastic container market size was US$ 55.1 billion in 2021. The global plastic container market is forecast to grow to US$ 71 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Plastic containers are widely preferred to pack the products. Plastics are easy to be molded. In addition, plastic assures the durability of the container for a long time. As a result, it will drive the growth of the global plastic container market.
Rapidly changing lifestyles and growing demand for pre-cooked food will drive the global plastic container market forward. In addition, the growing number of online food delivery platforms will surge the demand for plastic containers in the coming years. Thus, the global plastic container market will grow rapidly during the forecast period.
Over the projected period, the continued rise in the use of rigid plastic containers for food and beverage packaging is likely to fuel market expansion.
The rising demand for personal care products and attractive plastic packaging will boost the growth of the plastic containers market. In addition, growing urbanization and rising disposable income will contribute to the growth of the global plastic container market.
The rising demand for eco-friendly packaging may restrict the growth of the plastic containers market during the forecast period.
Regional Analysis
Asia-Pacific is forecast to hold the largest plastic container market. The growth of the market is attributed to the rising pharmaceuticals segment. In addition, the growing demand for novel drugs and favorable government initiatives to boost the medical segment will drive the growth of the plastic container market during the study period. The demand for packed food items is significantly increasing in the region. Thus, this factor will also contribute to the growth of the Asia-Pacific plastic container market.
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Competitors in the Market
- Amcor Limited
- Graham Packaging
- Anchor Packaging Incorporated
- Plastipak Packaging
- The Plastic Bottles Company
- Alpack
- Rahway Steel Drum Company
- Alpha Packaging Holdings Incorporated
- Werke Alwin Lehner GmbH & Company KG
- International Packaging
- Constar International
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Plastic Container industry experienced notable growth in its workforce. Starting in January, employment within the Plastic Container sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Plastic Container output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Plastic Container output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Plastic Container market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Plastic Container market.
Market Segmentation
The global plastic container market segmentation focuses on Product, Material, Application, and Region.
The plastic container market has been segmented based on product –
- Bottles & Jars
- Cups & Bowls
- Bags & Pouches
- Others (Pails and Clamshells)
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The plastic container market has been segmented based on material-
- Polyethylene Terephthalate (PET)
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LDPE)
- Polypropylene (PP)
- Others
The plastic container market has been segmented based on application-
- Food & Beverages
- Pharmaceutical
- Consumer Goods
- Personal Care
The plastic container market has been segmented based on region-
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Plastic Container Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Plastic Container Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Plastic Container Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Plastic Container Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Plastic Container market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Plastic Container market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Plastic Container business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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