Plastic Containers Market size was valued at USD 75.74 billion in 2024 and is set to cross USD 163.01 billion by the end of 2037, expanding at more than 6.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of plastic containers is estimated at USD 79.44 billion.
The growth of the market can be attributed to the rapid growth of the plastics industry. Such as a recent report shows that the total value of plastic shipments in the United States is about USD 400 billion by 2020. Additionally, there is a growing demand for single-use packaging, along with the global increase in the use of rigid plastic containers for packaging is also expected to contribute to the market growth.
In addition, the factors that are believed to drive the growth of the plastic containers market include ease of handling. Additionally, the ease of use of plastic containers comes used in numerous applications, such as chemical storage, personal care products, food and beverage, and pharmaceuticals for transport and storage. In addition, the plastic barrel is as hard as steel and has very good durability. As a result, plastic products have grown tremendously in the past few years and are therefore expected to present a profitable opportunity in the global market.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?