ID: MRFR/PNT/1487-HCR | February 2021 | Region: Global | 110 pages
Plastic Container Market is estimated to grow at a CAGR of XX% during the estimated period.
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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.
Various factors promote the growth of the plastic container market:
Certain factors have been restraining the growth of the market too. These include:
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.
The market is broadly classified into three subtypes, namely:
By Application: Based on the application, the plastic container market has the following subtypes:
By Material: On the basis, if applicable, this Industry has the following subtypes:
By Product: Based on the products, the food container market has the following subdivisions:
Global Plastic container Market: Segmentation
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:
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.
Market Size of Global Plastic Container Market by Regions (USD Billion)
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.
|Market Size||2027: Significant Value|
|CAGR||Substantial CAGR (2020-2027)|
|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||
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.).