Plastic Container Market Set to Reach USD 160 Billion by 2030, Growing at a CAGR of 7%

Plastic Container Market Set to Reach USD 160 Billion by 2030, Growing at a CAGR of 7%

According to Next Move Strategy Consulting, the global Plastic Container Market trends highlight steady growth as demand increases across multiple industries including healthcare, FMCG, and e-commerce. The market is predicted to reach USD 160 billion by 2030, growing at a compound annual growth rate (CAGR) of 7% by 2030.

Plastic containers are versatile packaging solutions designed to store both solid and liquid products, offering protection from contamination and spoilage. Known for their lightweight, reusability, and durability, plastic containers are widely favored across various industries for their stackability and customization options. Containers made from different plastic resins, including those identified by resin numbers 1, 2, and 4, are popular for their safety and recyclability.

Download Free Sample: https://www.nextmsc.com/plastic-container/request-sample

Key Market Drivers and Trends

The demand for phthalate-free plastic containers is gaining momentum, driven by the increasing awareness of health and safety. Polymers like polystyrene, polyvinyl chloride, and polyethylene terephthalate (PET) are favored for their quick recycling times and fast crystallization properties. In line with this, technological advancements are shaping the market. For example, in February 2021, Toppan launched ultra-thin-walled plastic containers, utilizing supercritical fluid and molding technology to reduce material usage and lower carbon emissions by 30%.

Additionally, the use of rigid plastic containers in the food and beverage industry is on the rise due to their ability to extend product shelf life by preventing moisture and chemical contamination. The pharmaceutical sector is also increasingly adopting plastic containers, which are cost-effective, chemically inert, and resistant to corrosion and leakage, offering better protection for drugs.

However, concerns surrounding toxic chemicals, including Bisphenol A (BPA) and phthalates, which have been linked to health issues such as infertility and cancer, may hinder market growth. To mitigate these concerns, the rise of bioplastics made from organic materials like vegetable leftovers offers promising growth opportunities in the plastic container market. In July 2021, Faca introduced a range of sustainable jars and bottles made from sugarcane polymer, reducing carbon emissions and ensuring full recyclability.

Inquire Before Buying: https://www.nextmsc.com/plastic-container/inquire-before-buying

Market Segmentation and Insights

The global plastic container market is categorized based on material, product type, and end-user. By material, the market is segmented into polyethylene terephthalate (PET), polypropylene (PP), low-density polyethylene (LDPE), and high-density polyethylene (HDPE). The product categories include bottles & jars, cups & bowls, bags & pouches, and others.

In terms of end-users, the market is segmented into food & beverages, pharmaceuticals & cosmetics, personal care, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Geographical Insights

The Asia-Pacific region dominates the global plastic container market and is expected to further expand due to the growing demand for plastic bottles in the beverage industry. Countries like Vietnam are witnessing market growth driven by rising consumer spending on carbonated beverages and packaged food. For instance, in April 2022, Ngoc Nghia Co. was acquired by Indorama Ventures Ltd., enhancing the recycled plastic container business in the food and beverage sector.

North America is also expected to see steady growth in the plastic container market, with the U.S. being the key contributor due to its large food and pharmaceutical industries. The presence of major players such as Alpha Packaging and Berry Global fuels market growth. The adoption of bio-based compounds in plastic packaging is an emerging trend in this region, with Nexeo Plastics entering a partnership in 2022 to distribute plant-based alternatives to petroleum-based packaging.

Competitive Landscape

The plastic container market is competitive, with key players including Amcor plc, Alpha Packaging, Plastipak Holdings, Inc., Graham Packaging, Huhtamäki Oyj, Bemis Manufacturing Company, and others. These companies are expanding through strategic acquisitions and innovative technologies to maintain their market dominance.

For example, Amcor launched PowerPost technology in May 2022 to manufacture lighter, sustainable bottles for hot-filled beverages. This technology uses 100% recyclable materials, reducing the weight of plastic bottles by a third while saving 30% in energy consumption and carbon emissions. Similarly, Comar expanded its range of healthcare products by acquiring Omega Packaging in December 2021, strengthening its position in the European market.

Conclusion

The global plastic container market is poised for significant growth, driven by increasing demand across industries such as food, pharmaceuticals, and personal care. The shift toward sustainable, bioplastic alternatives and innovations in packaging technology are expected to provide substantial opportunities in the coming years. While concerns over toxic chemicals remain, the adoption of safer materials and recycling solutions is likely to shape the future of the market.

Also, Browse Related Reports:   

For more information, please contact:

Next Move Strategy Consulting

E-Mail: info@nextmsc.com

Direct: +1-217-650-7991

Website: www.nextmsc.com

Follow Us: LinkedIn | Twitter | Facebook | Instagram | YouTube

About Next Move Strategy Consulting:

Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicates as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

Back to blog