Plastic Containers Market to Hot USD 344.79 Billion by 2032 Over 2024-2032; Robust Expansion of Pharma Industry to Boost Product Demand

The plastic containers market size was valued at USD 207.35 billion in 2023 and is predicted to reach USD 218.04 billion in 2024. The market is anticipated to touch USD 344.79 billion by 2032, recording a CAGR of 5.9% over 2024-2032.

Fortune Business Insights™ presents this information in its latest report titled “Plastic Containers Market Size, Share & Industry Analysis, By Material (Polyethylene Terephthalate (PET), Polypropylene (PP), High-density polyethylene (HDPE), Low-density polyethylene (LDPE), and Others), By Container Type (Bottles & Jars, Pails, Tubs, Cups & Bowls, and Others), By End-use (Beverages, Food, Pharmaceuticals & Cosmetics, FMCG, and Others), and Regional Forecast, 2024-2032”.

Plastic containers are storage vessels made from plastic resins, such as high-density & low-density polyethylene, polypropylene, and polyethylene terephthalate and widely used in different types of packaging products. These products include bottles, bowls, jars, and pails. These containers are widely used in the cosmetics, food & beverage, and pharmaceuticals industries due to their various features, such as durability, resistance to corrosion & moisture, chemical inertness, and protection against sunlight & contamination.

The COVID-19 pandemic adversely impacted the plastic containers market growth as several industries were forced to either work with reduced capacity or shut down their production plants for some time. However, the robust demand for medicines prompted the pharmaceutical industry to ramp up its production, which had a positive influence on the sales of plastic containers to store these medicines safely.

Amcor Signed MoU With NOVA Chemicals to Buy Mechanically Recycled rPE for Flexible Packaging Films

Amcor announced that it had inked a Memorandum of Understanding (MOU) with NOVA Chemicals Corporation, a prominent manufacturer of sustainable polyethylene, to buy mechanically recycled Polyethylene Resin (rPE). rPE will be used to manufacture flexible packaging films. Through this collaboration, Amcor aims to achieve its target of using 30% recycled materials in its entire global product portfolio by 2030.

Robust Expansion of Pharma Industry to Boost Product Demand

The pharmaceutical industry has experienced strong growth over the last few years, especially after the COVID-19 pandemic period, as the demand for advanced medicines to treat various chronic ailments is rising every year. This factor has accelerated the use of plastic containers as they play a crucial role in ensuring the safety of medicines during transportation. They also ensure the integrity of the ingredients of these drugs by protecting them from external elements, such as sunlight and moisture.

However, governments across the world are implementing several stringent regulations regarding the use of plastics, which can hinder the production of plastic containers.

ALPLA Dominates Market With Its Large Product Range and Focus on Innovation

The market has a highly fragmented competitive landscape, and ALPLA is leading this market’s growth. The company has successfully held on to its dominance due to its vast product portfolio and commitment to technological innovations. Thanks to the latter, ALPLA has been able to introduce newer products, which has further strengthened its leadership position in the market.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/plastic-containers-market-102372

Notable Industry Development:

• February 2024 - Amcor announced its collaboration with Stonyfield Organic, a reputed manufacturer of organic yogurt, and Cheer Pack North America, a top spouted pouch packaging producer. Through this collaboration, the three market leaders introduced the first all-polyethylene (PE) spouted pouch. The new pouch provides an eco-friendlier packaging solution without compromising on performance.

List of the Companies Profiled in the Report:

• ALPLA (Austria)


• Pretium Packaging (U.S.)


• Amcor (Switzerland)


• Plastipak Holdings, Inc. (U.S.)


• Graham Packaging Company (U.S.)


• Berry Global Inc. (U.S.)


• Greiner Packaging (Austria)


• Shanghai Zijiang Enterprise Group Co., Ltd (China)


• Visy Industries (Australia)


• Zhuhai Zhongfu Industrial Co., Ltd (China)


• Polycon Industries, Inc. (U.S.)


• KW Plastics (U.S.)


• Silgan Holdings, Inc. (U.S.)


• CKS Packaging, Inc. (U.S.)


• Altium Packaging (U.S.)


• Polytainers, Inc. (Canada)


• Airlite Plastics Co. (U.S.)


• Reynolds Consumer Products (U.S.)


• Consolidated Container Company (U.S.)


• Fortex Fortiflex (U.S.)

Further Report Findings:

• Asia Pacific dominated the global plastic containers market share in 2023 as the beverage industry of India and China is growing at an appreciable pace. This factor is increasing the use of plastic containers to store various beverages safely.


• Europe is also displaying promising growth in the global market owing to the strong expansion of the region’s automotive and FMCG industries.


• Based on container type, the bottles & jars segment is dominating the market due to its widespread use in the beverage, cosmetics, pharmaceutical, and chemical industries.

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