The global plastic container market size was US$ 55.1 billion in 2021. The global plastic container market is forecast to grow to US$ 71 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Plastic containers are widely preferred to pack the products. Plastics are easy to be molded. In addition, plastic assures the durability of the container for a long time. As a result, it will drive the growth of the global plastic container market.

Rapidly changing lifestyles and growing demand for pre-cooked food will drive the global plastic container market forward. In addition, the growing number of online food delivery platforms will surge the demand for plastic containers in the coming years. Thus, the global plastic container market will grow rapidly during the forecast period.

Over the projected period, the continued rise in the use of rigid plastic containers for food and beverage packaging is likely to fuel market expansion.

The rising demand for personal care products and attractive plastic packaging will boost the growth of the plastic containers market. In addition, growing urbanization and rising disposable income will contribute to the growth of the global plastic container market.

The rising demand for eco-friendly packaging may restrict the growth of the plastic containers market during the forecast period.

COVID-19 Impact Analysis

The COVID-19 pandemic has significantly raised the demand for plastic containers. Plastic containers find their wide applications across various verticals, such as pharmaceuticals, food packaging, etc. These industries witnessed significant growth during the pandemic. As a result, it surged the demand for plastic containers. In addition, the demand for novel drugs significantly increased due to the COVID-19 pandemic, which benefitted the overall plastic container market.

Regional Analysis

Asia-Pacific is forecast to hold the largest plastic container market. The growth of the market is attributed to the rising pharmaceuticals segment. In addition, the growing demand for novel drugs and favorable government initiatives to boost the medical segment will drive the growth of the plastic container market during the study period. The demand for packed food items is significantly increasing in the region. Thus, this factor will also contribute to the growth of the Asia-Pacific plastic container market.

Competitors in the Market

Amcor Limited
Graham Packaging
Anchor Packaging Incorporated
Plastipak Packaging
The Plastic Bottles Company
Alpack
Rahway Steel Drum Company
Alpha Packaging Holdings Incorporated
Werke Alwin Lehner GmbH & Company KG
International Packaging
Constar International
Other Prominent Players
Market Segmentation

The global plastic container market segmentation focuses on Product, Material, Application, and Region.

The plastic container market has been segmented based on product

Bottles & Jars
Cups & Bowls
Bags & Pouches
Others (Pails and Clamshells)
The plastic container market has been segmented based on material-

Polyethylene Terephthalate (PET)
High-Density Polyethylene (HDPE)
Low-Density Polyethylene (LDPE)
Polypropylene (PP)
Others
The plastic container market has been segmented based on application-

Food & Beverages
Pharmaceutical
Consumer Goods
Personal Care
The plastic container market has been segmented based on region-

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America