Plastic Container Market by Type and Geography - Forecast and Analysis 2022-2026

The plastic container market share is expected to increase by USD 76.65 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.95%.

This plastic container market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers plastic container market segmentation by type (rigid plastic container and flexible plastic container) and geography (APAC, Europe, North America, MEA, and South America). The plastic container market report also offers information on several market vendors, including Alpha Plastics Inc., ALPLA Werke Alwin Lehner GmbH & Co KG, Altium Packaging LLC, Amcor Plc, Berry Global Inc., CKS Packaging Inc., Graham Packaging Co., Greiner Packaging International GmbH, Plastipak Holdings Inc., and Silgan Holdings Inc. among others.

What will the Plastic Container Market Size be During the Forecast Period?

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"Plastic containers have a stable demand from major APAC countries such as Japan and South Korea."

Plastic Container Market: Key Drivers, Trends, and Challenges

The rising demand for rigid plastic packaging from food and beverage industry is notably driving the plastic container market growth, although factors such as stringent regulations related to use of plastic may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the plastic container industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Plastic Container Market Driver

One of the key factors driving the global plastic container market growth is the rising demand for rigid plastic packaging from the food and beverage industry. The food gets contaminated and loses nutrients during storage by factors such as extreme temperature and moisture. The food industry loses more than USD 14 billion every year due to food spoilage at the retail end. This has encouraged various vendors to offer rigid plastic packaging to enterprises in the food and beverage industry. For instance, Sonoco products company offers hinged and lidded containers such as salad containers for food products to keep them fresh, natural, and healthy for a long period. Moreover, these containers provide an option of integrated film lidding, which provides consumers an easy to open and reseal facility. Such factors will increase the demand for these containers, which will support the growth of the global plastic container market during the forecast period.

Key Plastic Container Market Trend

Another key factor driving the global plastic container market growth is the rising demand for rigid plastic packaging from the food and beverage industry. As food is a perishable product, its contamination during storage is a major concern of the food industry. The nutrients present in food are affected by factors such as temperature and moisture. The food industry loses more than $14 billion every year due to food spoilage at the retail end. This can be prevented to a certain extent by using appropriate packaging material, which will also extend the shelf life of the food product. It encourages various vendors to offer rigid plastic packaging to enterprises in the food and beverage industry. These containers provide an option of integrated film lidding, which provides consumers an easy to open and reseal facility. Moreover, they have side venting, which enables cooling and moisture management. These factors will aid in the growth of the global plastic container market during the forecast period.

Key Plastic Container Market Challenge

One of the major challenges to the global plastic container market growth is the stringent regulations related to the use of plastic. Global plastic waste is expected to reach 12 billion metric tons by 2050 if the concerns regarding plastic waste production and its effective recycling are not addressed. Therefore, the government of different countries is implementing strict regulations to address the issue. For instance, in July 2021, in the US, the FDA, the Environment Protection Agency (EPA), and the Center for Food Safety and Applied Nutrition (CFSAN) formulated new guidelines regarding the use of recycled plastic materials in food packaging, recycling content, and restricting the use of polystyrene containers. Such factors will limit the use of these containers that will negatively impact the growth of the global plastic container market during the forecast period.

This plastic container market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global plastic container market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the plastic container market during the forecast period.

Market Overview

The global metal and glass containers market includes products of metal, glass, or plastic containers, including corks and caps. The global metal and glass containers market includes the combined revenue generated by manufacturers/providers of metal, glass, and plastic containers and paper packaging. 

Who are the Major Plastic Container Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Alpha Plastics Inc.
• ALPLA Werke Alwin Lehner GmbH & Co KG
• Altium Packaging LLC
• Amcor Plc
• Berry Global Inc.
• CKS Packaging Inc.
• Graham Packaging Co.
• Greiner Packaging International GmbH
• Plastipak Holdings Inc.
• Silgan Holdings Inc.

 

This statistical study of the plastic container market encompasses successful business strategies deployed by the key vendors. The plastic container market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Alpha Plastics Inc - The company offers a wide range of plastic containers such as HDPE, HDPE PCR, PET and PP plastic containers.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The plastic container market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Plastic Container Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the plastic container market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global metal and glass containers market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Plastic Container Market?

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49% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for plastic containers in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, MEA, and South America.

The availability of low-cost containers will facilitate the plastic container market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the plastic container market in the region witnessed certain challenges due to the COVID-19 pandemic. India, China, Bangladesh, and Pakistan were some of the most affected countries by the pandemic in the region. The outbreak of COVID-19 affected the growth of several industries in the region, including the chemical industry, as a consequence of the economic downturn, disruptions in supply chains, and uncertainties in the growth of end-user industries, such as food and beverages and consumer goods. However, the ongoing COVID-19 vaccination drives are expected to reduce the number of COVID-19 cases during the forecast period.

What are the Revenue-generating Type Segments in the Plastic Container Market?

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The plastic container market share growth by the rigid plastic container segment will be significant during the forecast period. The significant increase in the demand for rigid plastic from the food and beverage industry will drive growth in this segment of the plastic container market. The growth will be further supported by the increase in demand for rigid plastic containers in the manufacturing and consumption of food and beverage products and personal care products.

This report provides an accurate prediction of the contribution of all the segments to the growth of the plastic container market size and actionable market insights on post COVID-19 impact on each segment.

 

Plastic Container Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.95%
Market growth 2022-2026	$ 76.65 billion
Market structure	Fragmented
YoY growth (%)	4.65
Regional analysis	APAC, Europe, North America, MEA, and South America
Performing market contribution	APAC at 49%
Key consumer countries	US, China, Germany, India, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Alpha Plastics Inc., ALPLA Werke Alwin Lehner GmbH & Co KG, Altium Packaging LLC, Amcor Plc, Berry Global Inc., CKS Packaging Inc., Graham Packaging Co., Greiner Packaging International GmbH, Plastipak Holdings Inc., and Silgan Holdings Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Plastic Container Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive plastic container market growth during the next five years
• Precise estimation of the plastic container market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the plastic container industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of plastic container market vendors

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