Global Plastic Containers Market Size to Exceed USD 196.9 Billion by 2035 | CAGR of 5.45%
Category: Chemicals & MaterialsGlobal Plastic Containers Market Size to Exceed USD 196.9 Billion by 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Plastic Containers Market Size is expected to Grow from USD 109.8 Billion in 2024 to USD 196.9 Billion by 2035, at a CAGR of 5.45% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the "Global Plastic Containers Market Size, Share, and COVID-19 Impact Analysis, By Material (PET, HDPE, PP, LAPE, and Others), By Application (Beverages, Industrial, Food, Cosmetic, Household Care, and Pharmaceutical), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/plastic-containers-market
Plastic containers are receptacles used to hold, store, or convey a variety of commodities that are composed mostly or totally of plastic materials. The market for plastic containers is expanding quickly due to shifting customer tastes and market dynamics. Although recovered plastics, including pre- and post-consumer recycled materials, are becoming more popular to promote sustainability and the circular economy, virgin plastics are still utilized extensively due to their chemical resistance and industrial efficiency. Industry standards are shifting toward adherence to food contact regulations and sophisticated packaging features, including tamper-evident, child-resistant, and resealable designs. Manufacturing process innovations like injection and blow molding improve product durability while lowering costs. Temperature and impact resistance, as well as barrier qualities appropriate for different applications, are important performance variables. Additionally, the market emphasizes environmentally friendly options, including energy recovery, chemical recycling, and biodegradable polymers. Strict adherence to regulations and quality assurance measures guarantees product safety and upholds customer confidence. However, the stringent environmental regulations and rising raw material costs are likely to restrict market expansion.
The PET segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the material, the plastic containers market is divided into PET, HDPE, PP, LAPE, and others. Among these, the PET segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segment's development is stimulated by strong and lightweight plastic resin that is transparent, much like glass. It is favored for food and drink packaging because it provides defense against gases, oils, alcohols, water vapors, and diluted acids.
The beverages segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the plastic containers market is divided into beverages, industrial, food, cosmetic, household care, and pharmaceutical. Among these, the beverages segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The beverages segment's increase is prompted by driven by the soft drink and bottled water industries' extensive use of plastic packaging, especially polyethylene terephthalate bottles.
Asia Pacific is expected to hold the majority share of the global plastic containers market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global plastic containers market during the forecast period. The plastic containers market is encouraged by the expanding beverage industry in this area, which raises demand for plastic bottles to hold carbonated drinks and bottled water. Polyethylene terephthalate is the main material used to make beverage storage bottles. Therefore, the market share of plastic containers in this region will be driven by increased consumer expenditure on fizzy beverages.
North America is anticipated to grow at the fastest pace in the global plastic containers market during the forecast period. The plastic containers market in North America is bolstered by the U.S., which is the largest donor in North America because of the expanding agricultural and pharmaceutical sectors. The main purpose of stiff plastic bottles and jars in the food sector is to prevent food and beverages from leaking. In contrast, the pharmaceutical business mostly uses these items because of their durability and light weight.
In Europe, the expanding FMCG and automotive sectors are driving the industry. In addition to the presence of major luxury automakers in the area, many FMCG products, including detergents, cleansers, and other items, are accessible in liquid form. Automotive fluids are therefore in high demand. Because of this, there is a growing need for plastic-based containers to hold coolants, oils, lubricants, and other fluids for cars.
Major vendors in the global Plastic Containers market are NuVasive Inc., Medtronic Plc, Stryker Corporation, Dentsply Sirona Inc., Smith & Nephew Plc, Geistlich Pharma AG, Orthofix Holdings Inc., Kuros Biosciences AG, NovaBone Products LLC, Baxter International Inc., RTI Surgical Holdings Inc., Wright Medical Group N.V., Botiss Biomaterials GmbH, Zimmer Biomet Holdings Inc., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In August 2022, Altium Packaging acquired Plastic Industries and Andersen Plastics to expand its manufacturing and sales capability across North America. It also expanded its product offerings to meet the growing demand from various industries, including pharmaceuticals, dairy, household chemicals, food, and industrial chemicals.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the plastic containers market based on the following segments:
Global Plastic Containers Market, By Material
- PET
- HDPE
- PP
- LAPE
- Others
Global Plastic Containers Market, By Application
- Beverages
- Industrial
- Food, Cosmetic
- Household Care
- Pharmaceutical
Global Plastic Containers Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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