Plastic Containers Market Critical Insights, Trends and Forecast till 2030

Posted on 2021-03-12 by Future Market Insights, Inc in Healthcare // 0 Comments

With the growing focus on bio-degradable materials, sustainability has been key to the plastic containers manufactures in the past years. The rise in demand for the cost-effective, single-use plastic packaging from the beverages, food, and cosmetics industry has been fuelling the sales of plastic containers since the past decade. According to Fact.MR, the global plastic containers market is forecast to grow at over 4.5% CAGR through 2030.

In a report published by the Organization for Economic Cooperation and Development (OECD) in 2018, the guidelines to Incentivise Sustainable Plastic Design is elaborated. As per the report, OECD aims for optimizing sustainable packaging solutions from a chemical perspective. While the OECD workshop held on 29^th, 30^th, and 31^st May, 2018 inspired sustainable plastic production, various other initiates have further catered to the growing demand for recyclable plastic packaging solutions.

Request 100 Page Sample Report Now @ https://www.factmr.com/connectus/sample?flag=S&rep_id=442

According to the Associated General Contractors of America (AGC), construction being a major contributor to the United States economy is highly promising in terms of further expansion. As the plastic containers manufactures are fully utilizing the market potential, the tough competition is expected to change the market outlook in the coming years.

The new study by Fact.MR provides a detailed analysis of the market growth, scope, and potential along with the demand-supply trends of plastic containers across the globe.

Key Takeaways

Germany remains the largest market for plastic containers across Europe
Demand in US stagnant, but opportunities in bottled water category key to future outlook
High demand expected in China, but few opportunities for global players due to domestic competition
PET plastics are expected to fuel sales of the plastic containers manufacturers due to high demand
Steadily growing food & beverages industry is anticipated to bolster the growth of plastic containers suppliers
Various types of containers such as plastic cans, containers, and others are expected to experience high demand in terms of packaging type
Application of plastic containers in bottled water remains dominant

Access Research Methodology Prepared By Experts @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=442

“Rising demand from food & beverages industry tends to catalyse the plastic containers manufacturers growth, with increasing focus on sustainable plastic solutions expected to provide manufacturers with a competitive edge,” says a Fact.MR analyst.

COVID-19 Impact Analysis

COVID-19 has impacted almost all industries; the plastic containers market hasn’t been an exception. The decline in food & beverages industry is one of the major factors affecting the plastic containers manufacturers. Additionally, the manufacturing units has plunged through significant decline in its production capability owing to the financial crisis, and disruptive logistics sector. The unavailability of enough labours and raw materials has further affected the demand-supply chain of plastic containers.

However, the COVID-19 impact on plastic containers sales tend to diminish steadily as the key end-user industries such as soft drinks, beverages, and others are flourishing on the rise in demand again.

The Fact.MR study says that the plastic containers manufacturers are projected to witness impressive growth in sales through 2030.

Connect To an Expert @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=442

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Matched content

Editor’s pick