About Plastic Containers
Plastic Containers is one that is designed and intended to hold a beverage or food product and is made of polyethylene terephthalate (PET), high-density polyethylene (HDPE), and other synthetic materials. Plastic containers are containers that are entirely or partially made of plastic. Plastic containers are common as single-use or reusable/durable plastic cups; plastic bottles, plastic bags, foam food containers, Tupperware, plastic tubes, clam shells, cosmetic containers up to intermediate bulk containers, and various types of corrugated plastic containers. Apart from paperboard and other materials, the entire packaging industry is heavily reliant on plastic containers or containers containing some plastic content. Plastic food storage containers are now primarily used for food storage.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Plastic Containers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amcor Limited (Switzerland), Graham Packaging (United States), Anchor Packaging Incorporated (United States), Plastipak Packaging (Italy), The Plastic Bottles Company (United Kingdom), Alpack (United States), Rahway Steel Drum Company (United States), Alpha Packaging Holdings Incorporated (United States), Werke Alwin Lehner GmbH & Company KG (Germany) and International Packaging (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Constar International (United States), Sealed Air (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Plastic Containers market by Type (Bottles & Jars, Cups & Bowls, Bags & Pouches and Others), Application (Food & Beverages, Pharmaceutical, Consumer Goods, Personal Care and Others) and Region.
On the basis of geography, the market of Plastic Containers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Plastic Containers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polyethylene Terephthalate will boost the Plastic Containers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth of a Plastic Containers Economy
Market Growth Drivers:
Consumption of Processed and Packaged Foods Is Increasing, Development of an economy and Expansion of Organized Retail
Challenges:
High Transportation Costs and Infrastructure and Waste Disposal
Restraints:
Plastics Produce Toxic Fumes When They Are Burnt, Fluctuating Prices Of Raw Materials and Regulations Imposed Due To Environmental Hazards
Opportunities:
Pollution Prevention and Sustainability of Plastic Containers, Plastic Containers Are Becoming More Popular In the Food and Beverage Industry and Rising Disposable Income in Developing Countries
Market Leaders and their expansionary development strategies
On 2nd February 2022, HP Inc. announced the acquisition of Choose Packaging, a packaging development company and inventor of the world's only commercially available zero-plastic paper bottle. Chose's patented technology is a viable alternative to plastic bottles and can accommodate a wide range of liquid products. Its innovative paper-based bottles are made from naturally occurring and non-toxic materials, paving the way for a new global standard for bottling solutions.
In 2021, Hellmann's introduced 100% recycled packaging in two-thirds of its markets; Knorr introduced 100% recycled plastic bouillon tubs and lids in Europe, and Swedish Glace's plant-based ice cream is sold in recycled plastic tubs. In Europe and North America where technically feasible, our Dove beauty brand uses 100 percent recycled plastic bottles, and in the United States, 98 percent of its new refillable deodorant packaging is made from recycled plastic. Our hair and skin care brand, Love Beauty and Planet, is also working to incorporate recycled plastic into bottle caps and pumps.
Ministry of Environment, Forestry, and Climate Change issued new guidelines on single-use plastic waste management, requiring producers, importers, and brand owners to recycle up to 50% of the plastic they use or produce over time.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Plastic Containers Manufacturer, Plastic Containers Distributors and Suppliers, Government Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.