Access TOC
Get a SampleAugust 2024
The global plastic containers market size is estimated at USD 72.61 billion in 2024, grew to USD 76.82 billion in 2025 and is predicted to surpass around USD 127.49 billion by 2034, expanding at a CAGR of 5.79% between 2024 and 2034.
The global plastic containers market size accounted for USD 72.61 billion in 2024 and is anticipated to reach around USD 127.49 billion by 2034, expanding at a CAGR of 5.79% between 2024 and 2034.
The Asia Pacfic plastic containers market size accounted for USD 25.41 billion in 2024 and is predicted to be worth around USD 45.26 billion by 2034, growing at a CAGR of 5.94% from 2024 to 2034.
On the basis of geography, Asia-Pacific dominates the market, primarily driven by the growing demand for plastic bottles in various industries. The region is expected to witness significant growth in the plastic container market in the coming years, driven by the growing demand for plastic bottles for preserving bottled water and carbonated drinks. The primary material used for beverage bottles is polyethylene terephthalate (PET). China and India are the major countries driving the demand for Plastic Containers in the Asia-Pacific region.
North America is one of the leading plastic container market contributors. This can be attributed to the growth of the food and pharmaceutical industries in the region. Rigid plastic bottles and jars are extensively used in the food industry to protect food and beverages from leakage and contamination. Furthermore, plastic containers are favored in the pharmaceutical industry due to their lightweight nature and durability, making them suitable for storing and transporting medications and healthcare products.
The region in Europe is driven by the growth of the Fast-Moving Consumer Goods (FMCG) and automotive industries. The FMCG sector in the region offers a wide range of products, including detergents, cleaners, and other liquid-based items, which require appropriate packaging solutions. In addition, Europe is home to major premium car manufacturers, leading to a high demand for automotive fluids in the region. Plastic containers are extensively used for packaging automotive lubricants, oil, coolants, and other fluids due to their durability and compatibility with such products. It includes countries like Germany, France, the United Kingdom, and Italy, which play a vital role in the plastic container market.
Plastic containers are widely used in various industries for packaging purposes. They are made from different plastic resins, including polypropylene, polyethylene terephthalate, low-density polyethylene, and high-density polyethylene. These containers come in various forms, such as bottles, jars, bowls, and pails. Therefore, these plastic containers are suitable for packaging food, beverages, pharmaceuticals, and cosmetics. They offer durability, lightweight construction, and are impervious to moisture. In addition, plastic containers provide protection from sunlight, which helps maintain the quality of the packaged products. The increasing demand for rigid packaging from food and beverage manufacturers drives the growth of the market. These include a shift towards sustainable packaging solutions, using recycled materials, innovative designs to reduce material usage, and adopting technologies such as smart packaging and tamper-evident features.
Furthermore, the growing consumer preference for convenience and ready-to-eat products further helps drive demand across the market. Plastic containers are durable, lightweight & portable and easy to use, making them popular for packaging food, beverages, personal care products, and household chemicals. They can also be molded into several sizes, shapes, and colors, allowing for branding and differentiation. The plastic container market is expected to grow significantly in the coming years as industries increasingly promote recycling, use more recyclable materials, and develop eco-friendly alternatives like biodegradable plastics and packaging solutions.
However, environmental concerns, regulatory measures, consumer perception and preference shifts are anticipated to impede the market growth. Governments and regulatory bodies are implementing measures to reduce plastic waste and promote sustainable practices. These include bans or restrictions on single-use plastics, taxes or levies on plastic packaging, and mandates for recycling or eco-friendly packaging materials. Such regulations can challenge the plastic container market and require companies to adapt to new standards. For instance, in July 2021, the European Union (EU) implemented a new regulation banning certain single-use plastic items, including plastic cutlery, plates, straws, and beverage stirrers. The regulation aims to reduce plastic waste and promote more sustainable alternatives.
The lockdown measures implemented by various governments in anticipation of the COVID-19 pandemic have caused disruptions in supply chains and manufacturing, leading to a slowdown in economic activity, affecting demand for container products. On the other hand, the government took steps to improve the pharmaceutical industry and recommended citizens enhance their immunity by consuming supplements. Furthermore, the pandemic also presented an opportunity for the plastic container market with a boost in the e-commerce sector. The online delivery of food and beverages, cosmetic products, home care products, and disinfectants supported the growth of container manufacturers as these products required packaging for safe transportation.
| Report Coverage | Details |
| Market Size in 2024 | USD 72.61 Billion |
| Market Size by 2034 | USD 127.49 Billion |
| Growth Rate from 2024 to 2034 | CAGR of 5.79% |
| Largest Market | Asia Pacific |
| Base Year | 2023 |
| Forecast Period | 2024 to 2034 |
| Segments Covered | By Types, By Material, and By Ens-User |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Increasing demand for consumers to brighten the market prospect
Consumers are increasingly seeking convenience and portability in their everyday lives. Plastic containers provide lightweight and easy-to-handle packaging solutions that align with these preferences. Plastic containers' versatility in size, shape, and functionality allows them to cater to various consumer needs, including food storage, on-the-go beverages, personal care products, and more. Moreover, the fast-paced lifestyle of modern consumers drives the demand for ready-to-eat and pre-packaged foods, beverages, and other consumer goods. It offers an ideal packaging option for these products due to their ability to preserve and protect the contents, ensuring convenience and freshness.
Furthermore, e-commerce and online retail have significantly increased the demand for plastic containers. The growth of delivery services and online shopping platforms requires secure and durable packaging to protect products during transit. They offer excellent protection, lightweight construction, and ease of handling, making them well-suited for e-commerce packaging. Moreover, the visual appeal of plastic containers plays a crucial role in consumer purchasing decisions. Manufacturers incorporate attractive designs, colors, and branding elements to enhance product visibility and attract consumers to store shelves or online platforms.
Growing packaging industry
The need for effective and efficient packaging solutions has increased with the rising demand for convenience foods, ready-to-eat meals, and on-the-go beverages. They offer advantages such as lightweight construction, durability, and excellent barrier properties that help preserve the quality and freshness of food and beverages. Also, the healthcare industry relies heavily on plastic containers for packaging pharmaceuticals, medical devices, and healthcare products. The need for sterile and secure packaging and the demand for child-resistant and tamper-evident containers drive the use of plastic in this sector.
Furthermore, the demand for plastic containers is expected to grow as a growing packaging industry. This is because the overall expansion of the packaging industry across various sectors fuels the demand for plastic containers due to their versatility, cost-effectiveness, and ability to meet diverse packaging needs. Moreover, governments and industries worldwide are investing heavily in developing packaging sources and infrastructure, which is anticipated to drive the growth of the plastic container market. As the packaging industry expands and evolves, the demand for innovative solutions continues growing.
Environmental concerns about plastic container are causing hindrances to the market
The environmental impact of plastic containers, particularly single-use plastics, has raised significant concerns. Plastic waste pollution, including marine pollution, has led to increased scrutiny and regulatory measures to reduce plastic consumption and promote more sustainable packaging alternatives. Improper disposal and inadequate recycling infrastructure have led to significant plastic pollution in landfills, oceans, and natural environments. This pollution has detrimental effects on ecosystems, wildlife, and human health.
However, the plastic container market must embrace sustainability practices, invest in research and development for eco-friendly materials, collaborate with stakeholders to improve recycling infrastructure, explore alternative packaging materials, and stay ahead of regulatory changes. Adapting to evolving consumer preferences and diversifying product offerings to include more sustainable options can also help mitigate these challenges.
On the basis of container type, the plastic containers market can be segmented into bottles & jars, pails, tubs, cups & bowls, and others. Among these segments, bottles & jars have emerged as the dominant contributor and are experiencing rapid growth. The pharmaceuticals, food, and beverage industries are driving the demand for bottles & jars as they offer cost-effectiveness, leak-proof properties, and lightweight characteristics. Plastic bottles & jars are increasingly preferred over glass and metal alternatives, making them highly sought after in various sectors. This growing demand from different industries is expected to fuel market growth.
On the basis of material, it includes polyethylene terephthalate (PET), polypropylene (PP), high-density polyethylene (HDPE), low-density polyethylene (LDPE), and other materials. PET is expected to maintain its dominance throughout the forecast period. It is a lightweight and durable plastic resin that offers transparency similar to glass. PET is preferred for packaging food products and beverages due to its excellent barrier properties against water vapor, gases, oils, alcohol, and dilute acids. High-density polyethylene (HDPE) is a robust and rigid resin known for its good stress, crack resistance, and melt strength. Containers made from HDPE provide an effective moisture barrier and are commonly used in personal care, beverages, food, and chemical industries. Polypropylene (PP) is witnessing growth in adoption by container manufacturers for pharmaceutical and consumer applications.
Based on end-user, the market is classified into food & beverage, pharmaceuticals & healthcare, personal care & cosmetics and others. The food & beverage segment is the leading end-user segment in the market, packaging a wide range of products such as sauces, condiments, dairy products, snacks, beverages, and ready-to-eat meals. Plastic containers are essential for packaging pharmaceutical drugs, vitamins, supplements, and other healthcare products. They provide protection, tamper-evident features, and appropriate storage conditions for medications.
Segments Covered in the Report:
By Types
By Material
By End-User
By Geography
For questions or customization requests, please reach out to us at sales@precedenceresearch.com
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
August 2024
May 2024
September 2024
September 2024