Global Plastic Container Market Research Report- Forecast 2027

Plastic Container Market, By Material (PET, PP, HDPE, PVC, LDPE, and others), By product (Bottles & Jars, Cups & bowls, Bags & Pouches, and others), By Application (Food & Beverages, Personal Care, Pharmaceutical, Consumer goods, and others) - Forecast 2027.

ID: MRFR/PNT/1487-HCR | February 2021 | Region: Global | 110 pages

Plastic Container Market Overview


Plastic Container Market is estimated to grow at a CAGR of XX% during the estimated period.


Another primary reason for plastic containers gaining popularity is the improved living standards in developing countries. With these, people have become more aware of their hygiene, and hence the demand for personal care products has boosted too. But certain factors slow down the growth of the plastic container Market. These are:


  • Fluctuating prices of raw materials.

  • Regulations imposed due to environmental hazards.

  • High transportation costs

  • Availability of substitute or packaging that includes steel, paper, metal, etc

  • Uncertainty of the final products.


COVID-19 Analysis


COVID -19 phase has been tough on every business around the world. The fast spread of the virus has caused ill-effects to every individual and the organizations' health and finances. But, there needs to be a way out because waiting for a suitable time to arrive and get the things done is not the solution. Knowing the ways to combat losses under the proper guidance and mentorship is required for every business. Looking at all these scenarios, the reports have been prepared to enable the company to slf analyze itself in the best possible way. The plastic container Market Trends, the competitor's strategies, and the guidance to move further are included in the reports. Working and moving ahead with strategic planning is the need of the hour for every business, and that is what these reports bring for them.


Competitive Landscape


The key players in this market include:


Graham Packaging (U.S.), Constar International(U.S.), Amcor Limited(Australia), International Packaging (U.S.), Anchor Packaging Incorporated(U.S), Werke Alwin Lehner GmbH & Company KG (Austria), Plastipak Packaging(U.S), Alpha Packaging Holdings Incorporated (U.K), Plastipak Packaging(U.S), Rahway Steel Drum Company(U.S.) and The Plastic Bottles Company(U.K.).


All these key players in this market value have proved their worth with the strategic planning and the business's implementation. They have been focusing on bringing the latest technologies into the industry and have also never compromised on the quality of the products they manufacture. They have also been striving hard to ensure that this market size reaches all time high by taking various necessary steps.


Market Dynamics


Various factors promote the growth of the plastic container market:



  • Economy: The economy is one of the significant factors that drive theMarket Analysis, and subsequently, the development of an economy has a substantial impact on its development.

  • Buying pattern: Buying pattern of the consumer produces a lot of impact on the Market Share. With the change in the practice, the Market Value has seen an upward trend within the last few years.

  • Sustainability: Sustainability has led to the Market Growth to a great extent and will keep doing that in the future.


Certain factors have been restraining the growth of the market too. These include:



  • Raw material prices: The raw material prices for the containers keep on fluctuating, causing a restrained growth of plastic container Market.

  • Regulations imposed by various administrative bodies locally and regionally.


Regulatory Implications


Strict anti-regulatory implications have been imposed on the use of plastic material, impacting the plastic container Market Outlook to a great extent. This has led to challenges for the Market Revenue. According to a recent report, almost right states in the US have imposed a ban on plastic products. There was even a law passed in 2020, according to which all the carry bags made up of plastics were banned, and therefore no one is allowed to distribute such as to anyone in the prohibited states. Though, recyclable plastics are going to stay in demand for a long.


According to the FDA guidelines, sustainable plastics can be used in developing countries in the form of plastic containers for storing food. Regulations like these have boosted the manufacturers to focus their production on sustainable plastics like PET. However, it is essential to combat pollution, which is harmful, which might seem to affect the Market Growth. Still, measures like recyclable plastics and substitutes that are biodegradable are the best solutions for such problems.


Market Segmentation


The market is broadly classified into three subtypes, namely:



  • By application

  • By material

  • By product


By Application: Based on the application, the plastic container market has the following subtypes:



  • Personal care

  • Foods and beverages

  • Consumer goods

  • Pharmaceuticals

  • Others


By Material: On the basis, if applicable, this Industry has the following subtypes:



  • PP

  • PET

  • PVC

  • HDPE

  • LDPE

  • Others


By Product: Based on the products, the food container market has the following subdivisions:



  • Cups and bowls

  • Bottles and Jars

  • Bags and pouches

  • Others


Global Plastic container Market: Segmentation


 


Regional Analysis


The plastic container Market Size has grown considerably in various fields like foods and beverages, health care, etc. Moreover, the risk of getting damaged is much lesser when packed in the plastic container during transportation, but until the time it gets delivered to thee and users. The food and beverage industry dominates the plastic container Industry in the developed regions like the US. Europe then follows it. In Europe, the main focus is on the recycling of plastics.


The region that has emerged as the most dominant one in the last few years is the Asia Pacific. The primary reason for its growth is as follows:



  • Improving lifestyles

  • Inclination towards convenience

  • Urbanization

  • The popularity of disposable items


The areas in Asia pacific that has shown tremendous growth are China and India. They have proved to be one of the best markets for the packaged food industry, with demand for pouches, cans, and other durable containers increasing rapidly.


Recent developments



  • The recycling partnership has announced the second round of enormous funding through its Polypropylene recycling coalition on April 1, 2021.

  • Plastic industry has faced a significant setback because of the ill effects it causes on the environment. The plastic pollution is also causing a problem to the marine life. In March 2021, the Green Science alliance developed a composite made up of Nano cellulose with Biomass polyethylene and biomass polyamide. This substitute is light on the environment and causes no or negligible damage.

  • Nextek announced global participation in a multi-participant project to address the link missing for a long time in plastics recycling.

  • In March 2021, Dutchland plastics announced new initiatives towards social responsibility.

  • New electric car racing series by the name Extreme E partnered with poly material to fight the plastic pollution that has spread to a great extent globally.


Market Size of Global Plastic Container Market by Regions (USD Billion)


 


Report Overview


The reports prepared for the companies about the Global plastic container market comprise extensive research carried out by highly skilled professionals. These have the details of all the quantitative and qualitative approaches by the experts of the industry. They have also given a deeper insight into this market trends. A clear picture of the market scenario is discussed in the report, including stage projected and the historical this Market Outlook. The points that have also been considered in the report include technological advancements, value and volume, governing factors, and the market's macro-economic factors. Details and the strategies being implemented by the top players in the market have also been included in the report. The companies also get to see a broader aspects of different this market analysis.


Plastic containers have been used worldwide as the most preferred material for packaging. One of the primary reasons for its popularity in packaging material is that it can be molded into various products that can be utilized in many applications. While we talk about plastic packaging, they in life food containers, pouches, and even plastic bottles. The significant elements they are made up of are plastics like PP, PET, HDPE, and others. The plastic containers are durable and ensure that the chemical properties or the nutrients of the products stay intact.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   Substantial CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material, Product, and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Graham Packaging (U.S.), Constar International(U.S.), Amcor Limited(Australia), International Packaging (U.S.), Anchor Packaging Incorporated(U.S), Werke Alwin Lehner GmbH & Company KG (Austria), Plastipak Packaging(U.S), Alpha Packaging Holdings Incorporated (U.K), Plastipak Packaging(U.S), Rahway Steel Drum Company(U.S.) and The Plastic Bottles Company(U.K.)
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers

  • Development of an economy
  • Buying pattern of the consumer produces


  • Frequently Asked Questions (FAQ) :


    Increasing demand for beverages is presumed to drive the growth of the plastic container market.

    Implementation of stringent regulations can restrain market growth.

    The different product based segments are bottles & jars, bags & pouches, cups & bowls, and others.

    The segments of the plastic container market based on application are consumer goods, personal care, food & beverages, pharmaceutical, and others.

    The main players are Amcor Limited(Australia), Anchor Packaging Incorporated (U.S), Graham Packaging (U.S.), Plastipak Packaging (U.S), Alpack (Ireland), The Plastic Bottles Company(U.K.), Rahway Steel Drum Company(U.S.), International Packaging (U.S.), Werke Alwin Lehner GmbH & Company KG (Austria), Alpha Packaging Holdings Incorporated (U.K), and Constar International(U.S.).