Trusted Business Insights presents the Latest Study on Plastic Container Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Plastic Container Market
The global plastic container market size was valued at USD 85.5 billion in 2018. Plastic containers are expected to witness substantial growth as this packaging type is easy to handle and lightweight. Various manufacturers including LOreal, Unilever, and PepsiCo are increasingly using plastic packaging due to its lower cost of production. Moreover, innovation in advanced materials such as LLDPE, coupled with increasing importance of cost effectiveness, is expected to expand the market reach.
Packaging plays an important role in adding value to the product. Increasing demand for protective packaging from the food and pharmaceutical sectors in order to enhance the shelf life of the finished goods is expected to have a positive impact on the growth of the market. Plastic packaging is increasingly preferred due to its innovative visual appeal for consumer attraction and convenience. Changing lifestyle and food preference in emerging economies including China and India are expected to expand the scope of convenience foods, which, in turn, will promote the utility of packaging.
Growing use of various innovative technologies such as biodegradable packaging and aseptic packaging is expected to play a crucial role in increasing the shelf life of the product. Shelf life is considered to be one of the important aspects of product, owing to which the consumers are looking for innovative packaging products with an extended shelf life.
Increasing demand for lightweight packaging has led companies to develop alternative solutions. Shelf life of product can be extended by protecting product from oxygen, moisture, and other potential agents such as microorganism. Therefore, plastic containers are those protective medium that have superior barrier properties and can protect product from various deteriorating agents.
Rising importance of e-commerce as a shopping medium at a global level owing to increasing penetration of smartphone users is expected to play a crucial role in expanding the scope of packaging. Falling crude oil price at a global level in light of increasing inventory levels in OPEC countries is expected to ensure the availability of plastic resin as feedstock in low prices for container manufacturing firms.
Market Segmentation, Outlook & Viewpoint: Global Plastic Container Market
Material Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
End Use Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Key Players, Recent Developments & Regional Insights: Global Plastic Container Market
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The beverages segment held more than 50.0% share of global revenue in 2018. Increasing consumption of bottle water, juice, and functional drinks is expected to drive the market for beverages packaging over the forecast period. The global bottled water market is growing rapidly and around 600 million household consumed bottled water in 2018. Furthermore, increasing consumption of soft drinks in India and Thailand is expected to increase the scope of plastic container over the forecast period. According to PepsiCo Indians bottling partner Varun beverages, Indias per capita consumption of soft drinks is expected to reach 84 bottles by 2021, which is expected to have a positive impact on the growth of market.
The industrial segment held a significant market share in 2018 and is expected to expand at a CAGR of 3.3% from 2019 to 2025. Increasing production of chemical in China, India, and Germany is expected to drive the global market over the forecast period. China and Germany are the largest consumers of plastic container in the world owing to increasing production of industrial lubricant, grease, and paints.
Use of plastic container is growing in the cosmetic industry. Chinas cosmetic industry is one of the largest consumers of plastic container in the world. Increase in demand is attributed to growing consumption and production of cosmetic products in the country. Moreover, various cosmetic manufacturers are shifting their production facility to China owing to availability of raw material and cheap labor. This is expected to increase demand for plastic packaging over the forecast period.
Increasing awareness related to health and hygiene has led to an increase in demand for household cleaner. In addition, growing urbanization and rising disposable income are expected to increase demand for household cleaner, which is expected to expand the scope of plastic container in the sanitization industry. According to studies, an average American family spend around USD 500 – USD 600 on household cleaning supplies every year. Increasing spending is expected to increase demand for plastic packaging in the sanitization industry over the forecast period.
Asia Pacific dominated the global plastic container market with more than 30.0% share of global revenue in 2018. Increasing consumption of bottle water, soft drinks, and juice is the main factor driving the regional market over the next few years. Furthermore, presence of a large number of pharmaceutical and cosmetic product manufacturers in China, India, and South Korea has led to an increase in demand for plastic container over the forecast period. In addition, increasing penetration of automotive manufacturers in India, China, and South Korea owing to favorable government initiatives is expected to fuel demand for automotive lubricant and greases, resulting in expansion of scope of plastic containers over the forecast period.
Europe is expected to expand at a CAGR of 4.1% from 2019 to 2025. The market is driven by increasing consumption of packed food. Hectic working schedule has increased the demand for convenient food product. Moreover, changing lifestyle and eating habits resulted into increasing demand for nutritious beverages, thus fueling the demand for plastic packaging over the forecast period.
North America held a significant market share in 2018. As a result of growing awareness related to health and hygiene, spending on household cleaner is increasing in the region. This, in turn, is expected to fuel demand for plastic container over the forecast period. U.S. is the largest market in North America and it accounted for more than 75.0% share of the North America market in 2018. The major share is attributed to increasing consumption of functional beverages, coupled with rising demand for convenient food products.
Plastic Container Market Share Insights
The global market is highly competitive in nature. The top five players accounted for less than 10.0% share of global market in 2018. Some of the other players operating in the market are Amcor Limited; Berry Global Inc.; Alpha Packaging; Silgan Holdings Inc.; CKS Packaging, Inc.; CCC Packaging; Polytainers Inc.; Airlite Plastics; RPC Group Plc.; and Reynolds. Market players are adopting strategies such as mergers and acquisitions to increase product offerings. Moreover, companies are focusing on expanding their production capacity and are adopting innovative technologies in order to meet consumer demand for convenient packaging.
Key Insights Covered: Global Plastic Container Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Plastic Container industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Plastic Container industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Plastic Container industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Plastic Container industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Plastic Container industry.
Research Methodology: Global Plastic Container Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
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