Global Plastic Containers Market to Grow at Over 4.5% CAGR Through 2030

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.

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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 29th, 30th, and 31st May, 2018 inspired sustainable plastic production, various other initiates have further catered to the growing demand for recyclable plastic packaging solutions.

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.

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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

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“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.

Benefits of Fact.MR Study

Fact.MR has gradually established itself as one of the leading market research companies across the globe. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.

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