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Plastic Container Market: segmentation by type (rigid plastic container and flexible plastic container) and geography (APAC, Europe, North America, MEA, and South America)--Forecast till 2026|Technavio


NEW YORK, Jan. 28, 2022 /PRNewswire/ -- The Plastic Container market is segmented into two categories based on the type (rigid plastic container and flexible plastic container) and geography (APAC, Europe, North America, MEA, and South America). The market share is expected to increase by USD 76.65 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.95%.

For further insights on market overview and dynamic analysis, Read our FREE Sample Report

Parent Market Analysis
Technavio categorizes the global plastic container market as a part of the global metal and glass containers market within the global materials market.

Technavio uses the total revenue generated by manufacturers to estimate the global plastic container market size. External factors influencing the parent market's growth potential in the coming years have been thoroughly investigated in our research analysis, to know more about the levels of growth of the plastic container market throughout the forecast period, Download a free sample.

Plastic Container Market Value Chain Analysis
To maximize profit margins and evaluate business plans, an end-to-end understanding of plastic containers is required. The report will help vendors drive costs and enhance customer services during the forecast period.

To unlock information about vendor drive costs and customer service, download our free sample report.

Vendor Insights 
The plastic container market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the best of the opportunity, the market vendors should focus more on the fast-growing segment's growth prospect while maintaining their positions in the slow-growing segments.

We provide a detailed analysis of vendors operating in the plastic container market, including some of the vendors such as Alpha Plastics Inc., ALPLA Werke Alwin Lehner GmbH & Co KG, Altium Packaging LLC, Amcor Plc, Berry Global Inc., CKS Packaging Inc., Graham Packaging Co., Greiner Packaging International GmbH, Plastipak Holdings Inc., Silgan Holdings Inc.

Backed with competitive intelligence and benchmarking, our research reports on the plastic container market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Product Insights and News

The plastic container market forecast report offers in-depth insights into key vendor profiles and offerings ? Download Free Sample Report

Geographical Highlights
The plastic container market share growth in APAC will be significant during the forecast period. China and India are the key markets for plastic containers in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, MEA, and South America.

APAC accounted for more than 40% share of the global demand for plastic containers in 2021, owing to the strong demand from economies such as China and India, which has been increasing above the world's average. Major APAC countries such as Japan and South Korea have a steady demand for plastic containers. Because of low-cost labor and strong backing from the Chinese government, China has emerged as the world's hub for the manufacture of low-value mass-produced items. China is also a popular location for the production and export of low-grade, low-value plastics. China's growth rate is still higher than the global average, and it will be the main demand generator in APA C.

Moreover, countries like the US, China, Germany, India, and France are the key market for the plastic container market in APAC, owing to the availability of low-cost containers market in this region.

To unlock the top strategies practiced by the maximum growth generating region, View Sample Report

Key Market Dynamics-

During storage, elements such as severe temperature and moisture contaminate the food and cause it to lose nutrients. Food deterioration at the retail level costs the food business more than USD 14 billion per year. This has prompted several vendors to offer stiff plastic packaging to food and beverage companies. For example, the Sonoco products company provides hinged and lidded containers for food products, such as salad containers, to keep them fresh, natural, and healthy for a long time. Furthermore, these containers include an integrated film lidding option, making it simple for customers to open and reseal them. Such factors will increase the demand for these containers, which will support the growth of the global plastic container market during the forecast period.

Food contamination during storage is a big concern for the food industry because it is a perishable commodity. Temperature and moisture have an impact on the nutrients in food. Food deterioration at the retail level costs the food sector more than $14 billion per year. This can be minimized to some extent by utilizing appropriate packaging materials, which will also increase the product's shelf life. It encourages a variety of vendors to offer rigid plastic packaging to food and beverage companies. These containers include an integrated film lidding option, making it simple for customers to open and reseal them. Additionally, they offer side vents for cooling and moisture management. These factors will aid in the growth of the global plastic container market during the forecast period.

Download a free sample for highlights on market Drivers & Trends affecting the plastic container market. 

Customize Your Report 
Don't miss out on the opportunity to speak to our analyst and know more insights into this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. 

We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now! 

Related Reports: 

Flexible Packaging Market in Latin America by Product and End-user - Forecast and Analysis 2022-2026

Converted Flexible Packaging Market by Product and Geography - Forecast and Analysis 2022-2026

Plastic Container Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.95%

Market growth 2022-2026

$ 76.65 billion

Market structure

Fragmented

YoY growth (%)

4.65

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 49%

Key consumer countries

US, China, Germany, India, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alpha Plastics Inc., ALPLA Werke Alwin Lehner GmbH & Co KG, Altium Packaging LLC, Amcor Plc, Berry Global Inc., CKS Packaging Inc., Graham Packaging Co., Greiner Packaging International GmbH, Plastipak Holdings Inc., and Silgan Holdings Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us: 
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

Contact 
Technavio Research 
Jesse Maida 
Media & Marketing Executive 
US: +1 844 364 1100 
UK: +44 203 893 3200 
Email:?[email protected] 
Website:?www.technavio.com/

SOURCE Technavio


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