Plastic Bottles & Containers Market Size, Share, Growth, and Industry Analysis by Type (PET, PP, HDPE, LDPE, Others), by Application (Beverages and Food Pharmaceutical, FMCG, Others), Regional Insights, and Forecast From 2024 To 2031

Plastic Bottles & Containers Market Report Overview

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The global plastic bottles & containers market size was USD 253900 million in 2020 and is expected to reach USD 413618.48 million in 2031, at a CAGR of 4.6% during the forecast period.

Plastic bottles are generally made up of plastic gums, such as PET, PP, and HDPE. The market for plastic bottles in the beverage sector is estimated to witness growth, due to the endless demand for bottled water and non-alcoholic drinks. Increasing investment in R&D for developing original plastic bottles will further enlarge the size of the market during the forecast period. Numerous companies are motivated to develop plastic bottles from recycled plastics as well as natural sources. Plastic bottles are very sturdy to any damage and are cost effective. The main benefits of plastic are they can be stiff as possible so their durability remains for longer span. Plastic bottles and containers are having constant reprocess competences. Plastic containers and bottles are utilised for the purpose of packing the food, medicines, and others.it is mainly used for the purpose of storing of liquids. It is also used for beverages. The pharmaceuticals sector is sub divided into oral care, nasal spray, tube bottles, fluid bottles, and others. The cosmetics division is projected to hold a major market share during the forecast period. Development of the market is ascribed to easy shaping of plastic bottles & containers and presence of major players in the region. Plastic bottles & Containers market has grown due to increasing consumer spending and fluctuating consumer primacies toward wrapped as well as pre-cooked foods. Rising concerns about global warming and waste plastic levels have the likely to limit the growth of the plastic bottles & containers market during the projected period.

COVID-19 Impact:  Pandemic hampered the market due to unexpected disruption in the sector

The global COVID-19 pandemic has been unprecedented and staggering, with plastic bottles & containers market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

COVID 19 pandemic has tremendously affected the entire world. The pandemic has led to significant changes in consumer behaviour, with more individuals spending online and selecting health and safety. Due to outbreak of COVID- 19 travel restriction and social distancing measures have resulted in massive slowdown of supply chain, growing anxiety among population and falling of business. The negative impact of COVID pandemic had a huge disruption on food & beverages domain from supply chain, raw material to manufacturing and delivery. Government deferred the ban on single-use plastic bottles and container in retail trade due to COVID-19 disruption.

Latest Trends

"Technological advancement to boost the market growth "

High implementation of advanced technology and the existence of large players in county are likely to create abundant growth prospects for the market. Technological improvement and growth will further enlarge the presentation of the product. Developments in technology have led to the expansion of new and better-quality materials contributing market growth. Team up with other firms can lead to the enlargement of new products, services, technologies that can help to motivate growth and income. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in plastics bottles manufacturing can extend shelf life of products which is anticipated to stimulate product demand.

Plastic Bottles & Containers Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into PET, PP, HDPE, LDPE, others

PET capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into beverages and food pharmaceutical, FMCG, others

Plastic bottles & containers market players cover segment as beverages and food pharmaceutical will dominate the market share during forecast period.

Driving Factors

"Growing usage of plastic to upsurge the market growth"

Plastic ventures are estimated to upsurge across several products and sectors, including beverage, food and water, pharmaceutical, household sectors.​ There is an extensive variability of advanced, economical, maintainable packaging solutions developing in the market and plastic as a product, is accepted internationally. Market is observing a growing demand for PET bottles in the water markets which enhances the plastic bottles & containers market growth. ​

"Consumer awareness regarding environment to register substantial growth rate"

Companies choose PET over other plastic container products, as it has a lowest damage of raw material during the manufacturing process when compared to other plastic products. Its recyclability and the feature to enhance multiple colours and designs boost it to become an ideal choice. Recyclable products have occurred with the rising consumer awareness for the environment and have operated in creating demand for the product.​

Restraining Factors

"Ecological concerns to hamper the market growth"

Alertness among the inhabitants regarding the harmful effects of plastic usage has been rising extremely.  Ecological worries regarding the use of plastics is restraining market growth. Plastic are threat to the environment although plastic now have become more workable which is having an important impact on plastic bottles market and environment too. Due to various health concerns regarding bottled water as well as rising concern about global warming and plastic waste levels market for plastic bottles and containers are anticipated to face challenges during the forecast period. Plastic pollution has now become a worldwide issue. 

Plastic Bottles & Containers Market Regional Insights

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"Asia Pacific to dominate the region due to growing demand"

Asia Pacific is further expected to witness growth in plastic bottles & containers market share. The region is anticipated to witness major growth over the forecast period due to growing focus on improved and innovative technology. Constantly growing consumption and industrial applications of plastic made containers and bottles. Region has been to condense single-use plastic bottles and packaging in all-purpose.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are enthusiastically contributing in strategic events that are aimed at upholding strong market position and growing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They outlay strictly on research and development in order to arise with more new technology so that they can maintain and progress their existing market. The market modifications are dynamic such as market expansion, partnership and merger.

LIST OF TOP PLASTIC BOTTLES & CONTAINERS COMPANIES

• ALPLA (Austria)
• Amcor (Australia)
• Plastipak Packaging (U.S.)
• Graham Packaging (U.S.)
• Berry Plastics (U.S.)

Report Coverage

The report provides examination and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent expansion analysis are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers nationwide and regional level market size and forecast. The report gives businesses the ability to research new outlook in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.