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.

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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

“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.

What’s Driving the Revenue of the Plastic Containers Manufacturers?

Plastic has emerged as an effective alternative to packaging materials such as glass, paper, wood, metal, and others due to their cost-effectiveness and non-reactivity with food, beverages and cosmetics, light-weight, and hassle-free process cycle.

According to the European Commission (EC), Germany has the largest cosmetics market valued at EUR 11.7 billion, followed by France (EUR 10.4 billion), the United Kingdom (EUR 10 billion), and Italy (EUR 8.8 billion).

As per the data published by the United States Department of Agriculture (USDA), the food marketing system including food service and food retailing in the United States supplied approximately US$ 1.77 trillion worth of food in 2019 out of which US$ 969.4 billion was supplied by foodservice facilities.

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